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<br /> (fi) To use the loan evidenced by the note solely for purposes authwized by the Government _
<br /> (� To pay when due all taxes, liens,, judgments, encumbrances, and assessments lawfully attaching to or assessed
<br /> against the property, including all charges and assessments in connection with water, watec rights, and weter stock
<br /> pertaining to or reasonably necessary to the use of the real proper[y described above, and all taxes and assessmentslevied
<br /> upon this mortgage or the note or any indebtedness hereby secured or against an}• legal holder hereof or of,the note or of
<br /> said indebtedness under the laws of Nebraska, and promptly delivecto the Govemment without demand receipts evidencing
<br /> such payments.
<br /> (8) To keep the properc}• insured as required by and undez insurance policics approved by the Government and, at 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 pro�rty in a good
<br /> and husbandmanlike manner; comply with such tarm conservatiom practices and farm and home management plans es the
<br /> ' Government from time to time may prescribe; and not to abandon the property, or cause or permit waste, lessening or impair-
<br /> menf o�,,t}�,., , , ,,secucit.y_,.c�aceced.,,he:.eby,. or, without the wcitten consent o[ the Government , cut remove, or lease any timber,
<br /> gravel„oil; gas; ctlei,,;or dCher��inerals except as may be necessary for ordinary domestic pu:poses .
<br /> (10) To comply with`all laws; ordinances , and regulations affecting the property .
<br /> (11) To pay or reimburse the Government for expenses reasonably necessary or incidental to the protection of the lien
<br /> and priority hereoE and to the enforcement of or the compliance with the provisions hereof and of the note and any supple-
<br /> mentary agreement (whether be(ore or after default), including but wt limited to costs of evidence of title to and survey of
<br /> the property, costs o[ cecording this and other instruments , attomeys ' fees, tmstees' Eees, court costs , and expenses o(
<br /> adveRising, 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 of the Government. The Govemment shall have the sole and
<br /> , exclusive rights as mortgagee hereunder, including but not limited to the power to grant consents, partial releases , subordina-
<br /> tions, and satistaction, and no insured holder shall have any right, title or interest in or to the lien or any benefits hereo[.
<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 being performed .
<br /> ( 14) The Govemment may extend and defer the maturiry of and renew and reamortize the deUt evidenced by the note
<br /> or any indebtedness to the Government secured hereby, release from liability to the Government any party so liable thereon,
<br /> release portions of the property Crom and subordinate the lien hereof, and waive any other rights hereunder, witho ut afPecting
<br /> the lien or prioricy hereof or the liability to the Govemment of Borrower or any other party for payment of the nate or in -
<br /> debtedness secured hereby except as speciCied by the Government in writing.
<br /> (15) It at any time it shall appear to the Government that Borrower may be able to obtain a I oan from a production credit
<br /> association, a Federal land bank, or other responsible cooperative or private credit source, at reasonable rates and tezms
<br /> Eor loans (oz similar purposes aad periods of time, Sorrower will , upon the GovernmenYs request , apply for and accept such
<br /> loan in sufficient amount to pay the note and any indebtedness 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) Defauk hereunder shall constitute default under any other real estate, or under any personal property or other ,
<br /> security instrument held or insured by the Government and executed or assumed by Borrowec, and deEault under any such
<br /> other security instrument shali constitute deEault hereunder.
<br /> (17) SHOULD DEFAULT occur in che performance or discharge of any obligation in this instrument or secured Uy this � � � �
<br /> instrument, or should any one of the parties named as Borrower die or be declared an incomp etent, a bankrupt, or an
<br /> insolvent, or make an assignment for the bene£t of creditors, the Government, at its option, with or without notice, may :
<br /> (a) declare the entire amount unpaid under ehe note and any indebtedness to the Government hereUy secured immediately
<br /> due and payable, (b) for the account of Borrower incur and pay reasonable expenses for repair or maintenance of and take
<br /> poasession of, operate or rent the property, (c) upon application by it and pzoduction of this instrument, without other
<br /> evidence and without nocice of hearing of said application, have a receiver appointed for the property, with the usual powers
<br /> of receivers in like cases, (d) foreelose tl�is instrumenc as provided herein or by law, and (e) enforce any and all other rights
<br /> and remedies provided herein or by present or future law.
<br /> ( 18) The proceeds o£ foreciosure sale shall be applied in the following order to the payment of: (a) cos[s and expenses
<br /> incicfent to enforcing 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 evideneed by the noce and all indebtedness to the Covernment secured hereby, (d) inferior licns
<br /> of record required by law or a compctent court to be so paid, (e) at the C,overnment's option, any other indebtedness
<br /> of Borrower owing to or insvred by the Government, and (� any balance to Borrower. At foreclosure or other sale
<br /> of aA or any part of the property, the Governmert and its agents may bid and purchase as a sxranger and may pay the Govern-
<br /> ment's shace of the purchase price by crediting such amount on any debcs of Borrower owing to or insured by the
<br /> Gover:zmenx, in the order prescribed above.
<br /> (14) Borrower agrees that the Government wili not be bound by any present ur future State law , (a) providing for
<br /> valuation, appraisul, homes[ead ar exemption of the property , (b) prohibiting maintenance of an action Cor a cleficiency
<br /> judgment or limiting the amouni thereof or the time widiin which such action must be brought , (c) prescribing any other
<br /> statute of limitations, (d) allowing any right of redernption or possession following any forecbsure sale , or (e) limiting the
<br /> eonditions which the Government may by cegulation impose , including the interest rate it may charge , as a condition of
<br /> approring a transfer of the property to a new Borrower. BocTower expressly waives the benefit of any such State laws.
<br /> Borrower hereby relinquishes, waives, and conveys all rights , inchoate or consummate , of descent , dower, and curtesy .
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