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Position 5
<br />USDA-Fiffl-1A.
<br />Form FmHA 427-1 NB REAL ESTATE MORTGAGE FOR' NEBRASKA
<br />(Rev. 4-15-74)
<br />010721
<br />KNOW ALL MEN BY THESE PRESENTS, Dated ................................................. MoMemb.ar .. 40-19.7.5 ................. .............
<br />WHEREAS, the undersigned ..... PANJE L..L.....JOU.RNE.Y..a.n.d..NANC.Y..M.....JO.UR.NEY.,.-h.u.sb.and..a.n.d..wi.fe,,
<br />... ........... ... . .... . . ......... ... .. .. .. ......... . ... .. .... . ..... ...... ......... .. .. ..... ... .... .. .. .. ..... .... .
<br />.......... ea.cl.I.J.n..h.is ... a.nd..he.r..pw.n..riqht and as sp
<br />.. ..... ..... .. .. ... .. .... . .......................... . !���ff.q�.e.P.the.r ............................................................................
<br />residing in ........................... ..................... .....
<br />. ........................ Hall, ......................... County, Nebraska, whose post office address
<br />is ................... 1.4.011illy . .............................. . : ............................. ........... * V ' god ' Ri ' v ' e ' r ...... Nebrask.....j��� ...... . ..........
<br />.herein called "Borrower," are (is) justly indebted to the United States of America, acting through the Farmers Home Ad-
<br />ministration, United States Department of Agriculture, herein called the "Government," as �evidenced by one or more certain
<br />promissory note(s) or assumption agreement(s), herein called "rrote" (if more than one note is described below, the word
<br />11note" as used herein shall be construed as referring to each note singly or all notes �ollectively, as the context may
<br />require), said note being executed by Borro ' wer, being payable to the order of the Government in installments as specified
<br />therein, authorizing acceleration of the entire indebtedness at *the option of the Government upon any. default by Borrower,
<br />and being further described as follows:
<br />Annual Rate
<br />Date of Instrument frinci�al Amount of -Interest
<br />November 4, 1975. $26,900.00 9%
<br />Due Date ol Final
<br />Installment
<br />November 4, 200.8.
<br />And the note evidences a loan to Borrower, and the Government, at any time, may assignthe note and insure the payment
<br />thereof pursuant to the Consolidated Farm and ' Rural Development Act, orTitle V of the of the Housing Act of 1949;
<br />And it is the purpose and intent of this. instrument that, amoung other things, at all times when the note is held by the
<br />Government, or in the event the Government should assign this instrument without insurance of the note, this instrument
<br />shall secure payment of the note; but when the note is held by an insured holder, this instrument shall not secure payment
<br />of the note,or attach to the debt evidenced thereby, but as to the note and such debt shall constitute an indemnity mortgage
<br />to secure the Government against loss under its insurance contract by reason of any default by Borrower.
<br />NOW THFREFORE, in consideration of the loan(s) and (a) at all times when the note is.held by the G vernment, or in thc,
<br />event & Government should assign tflis instrument without insurance of -the payment of the note, to secoure prompt payment
<br />of the note and any renewals and extensions thereof and any agr eements contained therein, including any provision for the
<br />payment of an insurance or other charge, (b) at all times when the note is held by an insured holder, to secure pelformance of
<br />Borrower's agreement herein to indemnify and save harmless the Government against loss, under its insurance contract by,
<br />reason of any default by Borrower, and (c) in any event and at all times to secure the prompt payment of all advances and
<br />expenditures made by the Government, with interest, as hereinafter described, and the pef:formance of every covenant and
<br />agreement of Borrower contained herein or in any supplementary agreement, Borrower does hereby grant, bargain, sell, convey
<br />and assign, with general warranty, unto the Government the following property situated in the State of Nebraska, County(ies) of
<br />Hall
<br />Lot Two (2), in Block One (1), in East North Lawn Addition to the
<br />Village of Wood River, Hall County, Nebraska. .
<br />Z/
<br />Fi:Ud for rccc
<br />of Pa
<br />siler, Re s 1' o f D e d s,
<br />Jeal
<br />Hall County,. iqebraska
<br />FmHA 427-1 NB (Rev. 4-15-74)
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