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<br />By execution of this instrument, Borrower acknowledges receipt of all of the proceeds of the loan or loans evidenced by the above note.
<br />This instrument secures to the Government: (1) payment ofthe note and all extensions, renewals, and modifications thereof;
<br />(2) recapture of any amount due under any Shared Appreciation Agreement entered into pursuant to 7 U.S.C. § 2001; (3) payment of
<br />all advances and expenditures, with interest, made by the Government; and (4) the obligations and covenants of Borrower set forth in
<br />this instrument, the note, and any other loan agreements.
<br />In consideration of any loan made by the Government under the Consolidated Farm and Rural Development Act, 7 U.S.C. § 1921
<br />et se . as evidenced by the note, Borrower irrevocably gants and conveys to T stee, in trust, with power of sale, the following
<br />described property situated in the State of Nebraska, Caunty or Counties of ��;� �
<br />The Southeast Quarter of Section 1, Township 10 North, Range 11, West of the 6 P.M., Hall County,
<br />Nebraska
<br />. . . ,. . . , . . . . - , ' . �3�'� '
<br />.� � � � �. � � � . . . . « .. ... , ,. , .. , ' . _ ' � . . , . „ � � .
<br />together with all rights (including the rights to mining products, gravel, oil, gas, coal ar other minerals), interests, easements, fixtures,
<br />hereditaments, appurtenances, and improvements now or later attached thereto, the rents, issues and profits thereof, revenues and
<br />income therefrom, all water, water rights, and water stock pertaining thereto, and all payments at any time owing to Borrower by
<br />virtue of any sale, ]ease, transfer, or condemnation of any part thereof or interest therein (collectively called "the property"). This
<br />instrument constitutes a security agreement and financing statement under the Uniform Commercial Code and creates a security
<br />interest in al1 items which may be deemed to be personal property, inciuding but not Iimited to proceeds and accessions, that are now
<br />or hereafter included in, affixed, or attached to "the property."
<br />Borrower COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the
<br />property and that the property is unencumbered, except for encumbrances of record. Borrower warrants specifically and will defend
<br />the title to the property against all claims and demands, subject to any encumbrances of record.
<br />This instrument combines uniform covenants for national use and non-uniform covents with limited variations by jurisdiction to
<br />constitute a uniform trust deed covering real property.
<br />UNIFORM COVENANTS. Borrower COVENANTS AND AGREES as follows: � - i
<br />i• Payment. Borrower shal] pay promptly when due any indebtedness to the Govei�nri�ent secured by this instrument.
<br />2. Fees. Borrower shall pay to the Government such fees and other charges that may now ar later be required by Government
<br />regulations.
<br />3. Application of payments. Unless applicable law or GovernmenYs regulations provide otherwise all payments received by
<br />the Government shall be applied in the following order of priority: (a) to advances made under this instrument; (b) to accrued
<br />interest due under the note; (c) to principal due under the note; (d} to late char�es and other fees and charges.
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<br />Initial � date ���. �1 �1 FSA 1927-1 NE (01-28-OS) Page 2 of 7
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