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<br /> (6) To use the loen evidenced by the note solely for purposes authorized •by the Govemment .
<br /> ` � (� To pay when aue all taxes, liens, judgments, encumbrances, and a�sessments lawfully attaching to or assessed
<br /> against the yroperty, including all charges and assessments in connection with water, water rights, and water stock
<br /> pertaining to or reasonably necessary to the use of the real property described above, and all taxes and assessments levied '
<br /> ^ i upon this mortgage or the note or any indebtedness hereby secured or against any legal hoider hereof or ofthe note or of
<br /> said . indebtedness under the lews of Nebraska, and promptly deliver to the Govemment without demand receipts evidencing
<br /> such paymeats.
<br /> ,� (8) To keep the property insured az required by and under insurance policics approved by the Government and, at its
<br /> � ''� request, to deliver such policies co the Government_ . . � .
<br /> � � {� (9) To tnaintain improvemen[s in good repair and make repairs required by the Governmen[; operate the property in a good � � . � � �
<br /> �� �C� and husbandmanlike manner, comply with such farm conservation 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 impaio- ,. . � � �
<br /> ment ot the security covered hereby, or, without the written consent of the Government, cut remove, or lease any timber,
<br /> ! gravel, oi „ � , iner�als except as may be necessary for ordinary domestic purposes . � .
<br /> ; ! (10) T c �ly with all 1Gws, ordinanc"e`s, and regulations affecting the property.
<br /> ! � (11) " `�a'-`reimburse the Government for expenses reasonably necessary or incidental to the protection ofthe lien
<br /> and priority hereo and Yo the en[orcement of or the compliance with the provisions hereof and of the note and any supple- .
<br /> mentary agreement (whether before or after default ), including but not limited to costs of evidence of tide to and survey oE � . � �
<br /> the property, costs o( recording this and other instruments, attorneys' fees, trustees ' fees, court costs , and expenses of
<br /> f. adveRising, selling, and conveying the property.
<br /> (12) Neither the property nor any portion thereof orinterest therein shali be leased, assigned , sold ; transferted , or encum-
<br /> � bered, volunterily or otherwise, without the written consen[ of the Government . The Govemment shall have the sole and
<br /> exlusive rights as mor[gagae hereunder, including but not limited to the power to grant consents , partial releases, subordina- � � .
<br /> ; tions, and satisfaMion, and no insured holder shall have any right, title oz interest in or ro the lien or any benefits hereoL
<br /> t (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 ace being performed .
<br /> i ( 14) The Government may extend and defer the maturity of and renew and reamorti�x the debt evidenced by the note
<br /> or any indebtedness to the Government secured hereby, release from li•rbiliry to the Government any party so liable thereon .
<br /> release portions of the property (rom and subordinate the lien hereof, and waive any other rights hercunder, without affecting
<br /> the lien or priority hereof or [he liability to the Govemment of Borrower or any ocher parq� for payment of the note or in -
<br /> � debtedness secured hereby except as specifled by the Government in writing.
<br /> (15) 1f at any time it shall appear to the Government that Borrowec may be able to obtain a loan from a production credit �� . � .
<br /> ! association, a Federal land bank, or other respoasible cooperative or private credit source, at reasonable rates and terms
<br /> fa loens for similar purposes and periods oI time, Borrower will, upon the Government 's request, apply foz and accept such . �
<br /> ; loan in sufEicient amount to pay the note and any indebtedness secured hereby and to pay for any stock necessary to be ; . � � � .
<br /> I purchased in a cooperative lending agency in wnnec[ion with such loan.
<br /> (16) DeEault hereunder shali constitute default under any other real estate, or under any personal property or ocher, ;
<br /> security instrument held or insured by the Government and executed Q assumed by Borrower, and default under any such
<br /> F other securi[y instrument shall constitute default hereunder. �
<br /> . �� � (17) SHOULD DEFAULT oecur in the perFormance or discharge of any obligation in this instrument or secured by chu .. � . . `
<br /> � instrument, or should any one of the parties named as Borrower die or be dedared an incumpetent, a bankrupt, or an
<br /> insolvent, or make an assignment for the benefit of creditors, the Government, at its option, with or wichout nocice, may : �, "
<br /> (a) declue the entire amount unpaid under the note and any indebtedness to the Government hereby secured immediatelv . _ . . . .
<br /> ' due and payable, (b) Eor the account of Borrower incur and pay reasonable expenses for repair or maintenance of and qke
<br /> ` ? possession of, operate or rent the property, (c) upon application by it and production of this instrument, without other
<br /> ! evidence and without norice of hearing of said applieacion, have a recciver appointed for the property, with the usual powers
<br /> fof reeeivers in like cases, (d) Eoreclose this instrument as provided herein or by law, and ( e) enforce any and all other rights
<br /> i and remedies provided herein or by present or fumre law.
<br /> ( 18) The procaeds of foreclosure sale shall be applied in the following order to che payment of: (a) costs and expenses
<br /> ; incident to enforcing or comp lying with the provisions hereoE, ( b) any prior licns required by law or a co�n�etent court to .
<br /> ' be so paid, {c) the debt evideneed by the note and all indebtedness to the Government sccured hereb}' . (a) infcrior liens
<br /> of reeord requ'ued by law or a competent court to be so paid, ( e) at the Governmenrs option, any other indebtedness
<br /> of Bonower owing to or insured by the Governmenq and (� any balancc to Borrowea At Eoreclosure or other sale
<br /> of all or any part of the property, the Government and its agents may bid and purchase as a stranger and may pay thc Goverm
<br /> menYs shue oF the purchase price by crediting such amount on any debts of Borrower owing to oc insured by thc
<br /> � Governmenc, in the order prescribed abova
<br /> ! ( 19) Borrower agrees [hat the Government will not be bound by any present or future State law , (a) providing for
<br /> � valuation , appraisal , homestead or exemption of the property, (b) proliibiting maintenance of an action for a deficiency
<br /> ; judgment or limiting the amount thereof or the time within which such •rction must be brought , (c) prescribing any other
<br /> j stamte of limitations, (d) allowing any right of redemption or possession following any foreclosure sale , or (c) limiting the
<br /> � conditions which the Government may by regulation impose , including the interest ratc it may charge . as a condition of
<br /> � approving a transfer of [he property to a new Bonower. Borrower expressly waives che benefit of any such State laws.
<br /> Bortower hereby relinquishes, waives, and conveys all rights, inchoate or consummate . of descent . dower, and curtesy.
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