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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 Bonower 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 Parm and Rural Development Act, 7 U.S.C: § 1921
<br />et seg. as evidenced by the note, Borrawer irt�evocahly gra.nts ar�d conveys: to Trustee, in trust, with power of sale, the following
<br />described propertysituated in the Stat� a�Nebraska; County or CounEies of Ha�:l
<br />All that part of the Northwest Quarter of the So�theast Quarter (N�W1/4SE1/4) and the
<br />Nar�heast Quarter of the Southeast Quarter (NEI/4SE1/4), both Section Six (6),
<br />Tov�mship Ten (10)1�Torth, Ra.nge Ten (10) West of the 6� P.M., lying North of the center
<br />of the Track of the Main line of the Union Pacific Railroad, subject to the right of way of
<br />said Railroad, all in Hall County, Nebraska
<br />0
<br />The East Ha1f of the Nortb.east Quarter (E1i2NE1/4) of Section Six (6), Township Ten
<br />(10) North, Range Ten (10} West of the 6�' P.M., Hall County, Nebraska, except a tract of
<br />land conVeyed to the Sta.te of Nebraska recoxded in the Office of the Register of Deeds of
<br />Hall County, Nebraska, at Baok 82, Page 505.
<br />together with all rights (ittcluding the rights tv mining products, gravel, oil, gas; coal or otker minerals}, interests, easements, fixtures,
<br />hereditaments, appurtenances, and iznprovements 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 />virhze of any sale, lease, trausfer, or condemnadon 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 />ar 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 wazxants specifically and will defend
<br />the title to the property against all elaims and demands, subject to any encumbrattces of record. `
<br />This instrument combines uniform covenants for national use arid non-uniform covents with limited variations by jurisdiction to
<br />constitute a uniform ixust deed covering real properly.
<br />UNIFORM COVENANTS. Borrower COVENANTS AND AGREES as follows:
<br />1• Paymen� Borrower shall pay promptly when due any indebtedness to the Government secured by this instrument.
<br />2� Fees. Borrower shall pay to the Government such fees and other charges that may now or later be required by Government
<br />regulations.
<br />3• Appiication 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) 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.
<br />Initial �GCL`�' date � �'� w t � FSA 1927-1 NE (O1-28-OS) Page 2 of7
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