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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 of the 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 grants and conveys to Trustee, in trust, with power of sale, the following
<br />described property situated in the State of Nebraska, County or Counties of �L
<br />A tract of land comprising a part of l,ot One (1), Mainland oP Secdon Sixteen (16j, Towaship Nlne (9)
<br />Nori6, Ruuge Eleven (11) West of the 6th P.M., in Ha!! County, Ne6ra�ka, more purticularly dra�criUed
<br />j su� follows;
<br />I 13egfnwing at the southeast corner of said Lot Oue (1), Mainland, aaid point �lsu belag the �ouW .wast
<br />� comer oP said 5ectloa Sixteen (16); thence running westerly along tbe south liae of said Lot Qne (l),
<br />II Mainland, and the douth line of said Section Sixteen (1�; on aa avsnmed bearing of N 89° 02' 53" W, a
<br />distxnce of Eight Bundred Sixty Four and Slaty Nine Hundredths (864.69) Peet, W the AGTUAI, point
<br />� pF beginniu� ti►ence contfnuing N 89° OZ' S3° W, along the last drscribed coutse, a dLstrutce of Four
<br />' Hundred 1�'itty Four and Eight Hundredthy (45q.p8) feet, to the southwest corner oP said Lot One (i),
<br />Mulnland; theace ruuuing IV Op° g7° 32' B, along the west Itne of nsiid 4nt Qne (1) 11lainland, a distance
<br />aP Une Thonsand Four Huntired geyentp Sts aud SIsty Nlne HundredtLs, to the nurthwest corner of sttid
<br />l.ot Une (1), Mainlaud; tb,ence runnft�g N tW° ZS' 17° E, a distance nf Four Hundred Fifty Seven (457.00)
<br />f�et; thr�ce �unning 5 00° S7' 32° W, 8�{9t$QCC of Qne Thoasaad T�'ive Eivadred 'l�veaty EigLt and
<br />'ltveatySevea �lnstlr�dth� (1528.2'1) feet, to the ACCilAL.polat.of.�inniag:
<br />Cogether with all rights (including the rights to mining products, gravel, oil, gas, coal or 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, lease, 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 all items which may be deemed to be personal property, including but not limited to proceeds and accessions, that are now
<br />or hereafter included in, affixed, or attached to "the property."
<br />Borrower COVENANTS that Bonower 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. Bonower 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 variat�ons by jurisdiction to
<br />constitute a uniform trust deed covering real property.
<br />UNIFORM COVENANTS. Borrower COVENANTS AND AGREES as follows:
<br />1• Payment. Borrower shall pay promptly when due any indebtedness to the Government secured by this instrument.
<br />2• Fees. Bonower shall pay to the Government such fees and other charges that may now or later be required by Government
<br />regulations.
<br />3• Application of payments. Unless applicable law or Government's regulations provide otherwise all payments received by
<br />the Government shall be applied in the following order of priority: {a) fo 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.
<br />[nitial �' C date B6 - 02 _�O �/ FSA 1927-1 NE (01-28-OS) Page 2 of 7
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