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<br /> � � � (6) To ux the laen evidenced by the note solely [or purposes authwized � by the Government . . � � . . . .
<br /> i (� To pay when aue aA taxes, liens, judgments, encumbrences, and assessTents law(ully attaching to or assessed
<br /> against the property, including all charges and assessments in rnnnection with water, water rights, and water stock
<br /> pedaining to or reasonably necessary to the use of the real property described above, and all [axes and assessments levied
<br /> upon this mortgage or the note or any indebtedness hereby secured or ag�ainst any legal holder hereof or otthe note orof
<br /> � said indebtedness under the lews of Nebreska, and promptly deliver to the Govemment without demand receipts evidencing
<br /> such payments.
<br /> �' � . �: (8) To keep the property insured as required by and undcr insurancc policies approved by the Government and , at its ' � � � � . � �
<br /> ' CQ request, to delivcr such policies to the Govcrnment .
<br /> : GT� (9) To maintain improvements in good repair and make repairs required by the Gwemment ; operate the property in a good
<br /> ! �j and husbandmanlike manner, comply with such farm conservation practices and farm and home management plans es the
<br />��:: Q Govetnment from time to time may prescribe; and not to abandon the property, or cause or permit waste, lessening or impair- � � , � � . �.
<br /> ; � ment of the security covered hereby, oz, without the written consent of the Covernment , cut remove, or lease any timber.
<br /> gravel, oil, gas,. coal,. or other minerals except as may be necessary for ordinary domestic purposes. � � � -
<br /> � (10) To comply with all laws , ordlnances, and regulations affecting the property .
<br /> ^ (11) To pay a reimburse Ihe Government for expenses reasonably necessary or incidental to the protection o[ the lien
<br /> and priority� hereof and to thc:enforcemen[ of or the compliance with the provisions hereof and o( the note and any supple- . � . -
<br /> mentary agreement (whether before or after default), including but not limited to costs ot evidence oftide to and survey oE
<br /> the property, costs of recording this and other instmments, attorneys' fees, trustees' fees , court costs , and expenses o[
<br />; advertising, selling, and conveying the property.
<br /> (12) Neither the property nor any portion thereo( or interest therein shall be leased, assigned , sold ; trans(erred, or encum-
<br /> bered, voluntarily or otherwise, � without the written consent oE the GwernmenL The Government shall have the sole and . � � � . � � � .
<br /> e�clusive rights as mortgagae hereunder, including but not limited to the power to grent consents, partial releases, subordina-
<br /> tions, end satisfaMion, and no insured holder shall have any right, tide or interest in or to the lien or any benetits hereoi.
<br /> (13) At alt reasonable times the Government end its agents may inspect the property to ascertain whether the covenants
<br /> and agreements contained herein or in any supplementary agreement are being per[ormed .
<br /> ( 14) The Government may extend •rnd defer tl�e maturity of and renew and reamortize the debt evidenced by the note
<br /> or any indebtedness to the Govemment secured hereby , release from liability tu the Government any party so liable theroon .
<br /> release portions of the property from and subordinate thc lien hereof, :�nd waive 3ny other rights hereunder, without affecting
<br /> the lien or priority hereof or the liability to the Government of Borrower or any other party for payment of the note or im
<br /> debtedness secured hemby except as specified by thc Government in writing .
<br /> (15) IC at any time it shall appear to the Government that Borrower may be able to obtain a 1 oan trom a production credit :
<br /> essociation, a Federal land bank, or other responsible cooperative or private credit source, at reasonable rates and terms
<br /> for loens 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 indebtedness secared hereby and to pay for a�y stock necessaryto be
<br />'' �wchased in a cooperative lending agency in connection with such loan . � � .
<br />� (16) Default hereunder shell 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 a assumed by Bortower, and default under any such � � . .
<br /> other security instrument shall constitute default hereunder.
<br /> J � �(27) SHOULD DEFAULT occur in the performance or dischazge of any obligation in this instrumenc or secured by this � . . . � � .
<br /> 3 instrumrnt, or should any one of the parties named as Borrower die or be declared an incompetent, a bankrupt, or an
<br />� insolvcnt, or make an assignment for che benefic of ercdicors, the Governmcnt, at its opcion, with or without nocice, mav:
<br /> (a) declue the encire amount unpaid under the note and any indebtedness to che Governmenc hereby secured immediate�y �
<br /> due and payable, ( b) for thc aceount of Borrower incur and pay reasonable exPenses for rcpa'v or maintenance oY and takc
<br />' possession of, operate or rene the property, (c) upon application by 'it and production of this instrument, withouc other
<br />� evidence and without notice oEhearing oCsaid applica[ion, have a receiver appointed Eor the propercy , with the usual powers
<br /> o£ receiders in like qses, (d) Foreclose this instrument as provided herein or by law, and (e)_en£orcc any and all o[her rights
<br /> and remedies provided herein or by present or £ucure law. �
<br /> ( 18) The procaeds of foreclosure sale shall be applied in the fopowing order ro the payment of: (a) costs and expenses
<br /> ineident to enforcing or com�lying with the provisions hereof, (b) any prior liens required by law or a comp etent couct to
<br />'' be so paid, (c) the debt evi eneed by the note and all indebtedness to the Governmcnt scwred hereby, (d) inferior lims
<br /> of rceord requ'ued by law or a competent courc ro be so paid, ( e) at the Government's option, any ocher indebcedness
<br /> of Borrower owing to or insured by the Government, and (� any balance to Borrower. At forctlosure or ot6er salc
<br /> of all or any put of the property, the Governmenc and ixs agents may bid and purchase as a strangec and may pay the Govern-
<br /> ment'e share oE che purehase price by czedi[ing such amount on any deb[s of Borrower owing to or insured by the
<br />; Goveznmrnt, in che order prescribed above.
<br /> 3 ( F9) Borrawer agrees that the Government will not be bound by any present ur future State luw, (a) providing for
<br /> I valuaiion , appraisal, homestead or exemption of the property. (b) prohibiting maintenance of an action for a deficiency
<br /> I judgment or limiting the amount thereof or the time within which such action must be brought , (c) prescribing any other
<br />! statute of limitations, (d) allowing any right of redemption or possession following any foreclosure sale , or (e) limi2ing the
<br />! ' conditions which the Government may by regulation impose, including the interest rate it may charge, as a condition of
<br /> j approving a transfer of the property to a new Borrower. Borrower expressly waives che 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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