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<br /> (6) To use the loen evidenced by the note solely (or purposes authorized by the Govemment .
<br /> <� To pay , when due all taxes, liens, judgments, encumbrances, and assessments lawfully attaching to or assessed
<br /> against the property, indudine all charoee an� essess:rant� i; connection witn wa!er, wat�r rights, and water siock
<br />� ' peztaining :o or reasonably necessery to fhe use of the reai property described above, and all taxes and assessments levied '
<br /> upon dhis mortgage or the note or any indebtedness hereby secured oc against any lega] holder hereof or of the note or of
<br /> said indebtedness under the laws of Nebraska, and promptly deliver to the Govemment without demand receipts evidencing
<br /> such payments.
<br /> � ($) To keep the property insured zs required by and under insurance policies approvcd by theC:overmnent and, ac its
<br /> request, to deliver such policies to the Government.
<br /> (9) To maintain improvements in good repair and make repairs required by the Government; operate the property in a good
<br /> and . husbandmanlike manner; comply with such farm conservation practices and farm and home management ptans as the
<br /> Government from time to time may prescribe; and not to abandon the property, or cause or permit waste, lessening or impair-
<br /> ment otG.ibz„rse�ui33r,�qy��,,,p�eby, .or, without the written consent of the Government, cut remove, or lease any timber,
<br /> gravel, oil; gas;�ttial;_o� 6ther .minerals except as may be necessary for ordinary domestic purposes .
<br /> (10)'To comply with 'a11 laws, ordinances , and regulations affecting the propecty.
<br /> (11 ) To pay or zeimburse the Govemment for expenses reasonably necessary or incidentat to the protec[ion ot the lien
<br /> : and priority hereof and 10 the enforcement of or the compliance with the provisions hereot and of the note and any supple-
<br /> ^ mentary agreement (whether before or atter default), including but not limited to costs of evidence of title to and survey of
<br /> the propedy, costs o( recording this and other instruments, attomeys ' fees, trustees ' fees, court costs , and ezpenses o(
<br /> advertising, selling, and conveying the property.
<br /> (12 ) Neither the property nor any portion thereof or interest therein shall be leased, assigned , sold ; transferred, or encum-
<br /> bered, voluntarily or otherwise, without the written consent oE the Government. The Government shal7 have the sole and
<br /> ezclusive rights as mortgagee hereunder, including but not limited to the power to grant consents, partial releases , subordina-
<br /> tions, and satisfaction, and no insured holder shail have any right, title or interest in or to the lien or any beneEits hereoL
<br /> (13) At all reasonable times the Government and its agents may inspect the property to ascertain whether the covenants
<br /> and agreements contained herein or in any supplementary agreement are be5ng performed .
<br /> � ( 14) The Government may extend and defer die maturity of and renew znd re�mortize the debt evidenced by the note
<br /> or any indebtedness ro Ule Covernment secured hereby, release from liability to the Government any party so liable therean,
<br /> release por[ions of the properry from anc3 subordinate the lien hereof, and waive any other rights hereunder, withou: affecting
<br /> the lien uc priurity hereof or tlie liability to the Government of f3orrower or any other party for payment of the note or in -
<br /> debtedness secured hereby except as specified by tlte Covernment in writing.
<br /> ` (15) it at any time it shal ! appear to the Government that Borrower may be able to obtain a 1 oan from a production credit
<br /> association, a .Federal land bank, or other responsible cooperative or private credit source, at reasonable rates and terms
<br /> ' fa loans for similar purposes and periods of time, Borrower will , upon the Government 's request, apply for and accept such
<br /> ; loan in sufficient amount to pay the note and any indeb[edness secured hereby and to pay for any stock necessary to be
<br /> purchased in a cooperative lending agency in connection with such loan.
<br /> (16) Default hereunder shall constimte default under any other rea] estate, or under"any personal propezty or other,
<br /> security instrument held or insured by the Govemment and executed or assumed by Bormwer, and default under any such
<br /> other security instrument shall constitute default hereunder .
<br /> . e � ( 17) SHOULD DEFAULT oceur in the per£ormance ar discharge of any obligation � in this instrument or secured by this � � � . � . �
<br /> instrument, or should any one of the parties named as Borrower die ur Ue declazed an incomp etent, a bankrupt, or an
<br /> insolvent, or make an assignment for the bene£ic of credicors, the Goveznment, at its option , with or without notice, may:
<br /> (a) declarc the entire amount unpaid under the note and any indebtedness to the Government hereby secured immediately
<br /> , due and payable, ( b) for the account of Borrower incur and pay reasonable expenses for tepair or maintenance of and take
<br /> possession of, operate or rent the property, (c) upon application by it and production of this instrument, without other
<br /> evidence and without notice of hearing of said application, have a receiver appointed for the property, with the usual powers
<br /> ' of receivers in like cases, ( d) foreclose this instrument as provided herein or by law , and (e) enforce any and all other righxs
<br /> ' and remedies provided herein or by present or Euture law.
<br /> � ( 18) The proceeds oF Foredosure sale shall be applied in the Following order to the paymene oE: (a) costs and expenses
<br /> ; incident to enFo�cing or complying with the provisions hereof, ( b) any prior liens required by law oi a comp etent court to
<br /> be so paid, (c) the debt evidenced by the note and all indebcedness to the Governmenc secured hereby , (d) inferior liens
<br /> of record required by law or a cornpetent court to be so paid, (e) at the Government's option, any ocher indebtedness
<br /> ;, of Borrowec owing to or insured by the Government, and ( � any balance to Borrower. At foreclosure or other sale
<br /> of all or any part of the property, d�e Government and its agents may bid and purchase as a stranger and may pay the Govern-
<br /> ment's share of the purchase price by credieing such amount on any debts of Borrower owing to or insured by thc
<br /> Government, in the order prescribed above.
<br /> ( 19) Borrower agrees that Ihe Covernment will not be bound by any present or fuwre State law , (a) providing for
<br /> valuation , appraisal , homestead or exemption of the property , (b) prohibitaig rnaintenance oC an action for a deficiency
<br /> judgment or Iimiting the amount thereof or the time within which such action must be brought , (c) prescribing any other
<br /> statute of limitations, (d) allowing any righ2 of redemption or possesslon foUowing any 1'oreclosure sale , or (e) limiting the
<br /> conditions which the Covernment may by regulation iinpose, including the interest rate it may charge , as a condition of
<br /> approving a transfer of the property to a new Borrower. Borrower expressly waives the benefit of any such Stxte laws.
<br /> Borrower hereby re1i���ishes, wai�es, znd conveys a1] r:ghts, inchoate or consununate , of descent , dower, and curtesy .
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