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(5) All advances by the Government as described in this instrument, with interest, shall be immediately due and payable
<br />by Borrower to the Government without demand at the place designated in the latest note and shall be secured hereby. No
<br />such advance by the Government shall relieve Borrower from breach of his covenant to pay. Such advances, with interest,
<br />ArJ shall be repaid from the first available collections received from Bdrrower. Otherwise, any payment made _by Borrower may
<br />be applied on the note or any indebtedness. to the Government secured hereby in any order the Government determines.'
<br />A, (6) To use the loan evidenced by the note solely for purposes authoriied•by the Government.
<br />(7) 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, 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 />upon this mortgage or the note or any indebtedness hereby secured or against •any legal holder hereof or of the note or of
<br />said indebtedness under the laws of Nebraska, and promptly deliver to the Government without demand receipts evidencing
<br />such payments.
<br />(8) To keep the property insured as required by and under insurance policies approved by, delivered to, and retained by,
<br />the Government.
<br />,:A (9). To maintain,,improvements in good repair and make repairs required by the Government; operate the property in a good
<br />and::h'u§l andmanlike manner; comply with such farm conservation practices and farm and home management plans as the
<br />Government fiom 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, or, without the written consent of the Government, 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, 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 hereof and to the enforcement 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 title to, and survey of
<br />the property, costs of recording this and other instruments, attorneys' fees, trustees' fees, court costs, and expenses of
<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 of the Government. The Government 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 satisfaction, and no insured holder shall have any right, title or interest in 'or to the lien or any benefits hereof.
<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 Government may extend and defer the maturity of and renew and reamortize the debt evidenced by the note or
<br />any indebtedness to the Government secured hereby, release from liability to the Government any party so liable thereon,
<br />release portions of the property from and subordinate the lien hereof, and waive any 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 in
<br />debtedness secured hereby excelt as specified by the Government in writing.
<br />(15) If at any time it shall 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 />for 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 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) Default hereunder shall constitute default under any other real estate, or undei any personal property or other,
<br />security instrument held or insured by the Government and executed or assumed by Borrower, and default under any such
<br />other security instrument shall constitute default hereunder.
<br />(17) SHOULD DEFAULT occur in the performance or discharge of any obligation secured by this instrument, or should any
<br />one of the parties named as Borrower die or be declared anincompetent, a bankrupt, or ar insolvent, or make an assignment
<br />for`the benefit of creditors, the Government, at its option, with or without notice, may: (a) declare the entire amount unpaid
<br />under the note and any indebtedness to the Government hereby secured immediately due and payable, (b) for the account of
<br />Borrower incur and pay reasonable expenses for repair or maintenance of and take possession of, operate or rent the property,
<br />(c) upon application by it and production of this instrument, without other evidence and without notice of hearing of said ap-
<br />plication, have a receiver appointed for the property, with the usual powers of receivers in like cases,•(d) foreclose this
<br />instrument as provided herein or by law, and (e) enforce any and all other rights and remedies provided herein or by present
<br />or future law.
<br />(18) The proceeds of foreclosure sale shall be applied in the following order to the payment of: (a) costs and expenses
<br />incident to enforcing or complying with the provisions hereof, (b) any prior liens required by law or a competent court to be so
<br />paid, (c) the debt evidenced by the note and all indebtedness to the Government secured hereby, (d) inferior liens of record
<br />required by law or a competent court to be so paid, (e) at the Government's option, any other indebtedness of Borrower owing
<br />to or insured by the Government, and (f) any balance to Borrower. At foreclosure or other sale of all or any part of the pro-
<br />perty, the Government and its agents may bid and purchase, as a stranger and may pay the Government's share of the purchase
<br />price by crediting such amount on any debts of Borrower owing to or insured by the Government, in the order prescribed above.
<br />.(19) Borrower recognizes that, pursuant to Federal law, the Government will not be bound by any present or future State
<br />laws, (a) providing for valuation, appraisal, homestead or exemption of the property, (b) prohibiting maintenance of an action
<br />for a deficiency judgment or limiting the amount thereof or the time within which such action must be brought, (c) prescribing
<br />any other statute of limitations,, (d) allowing any right of redemption or possession following any foreclosure sale, or (e)
<br />limiting the conditions which the .Government may by regulation impose, including the interest rate it may charge, as a
<br />condition of approving .a transfer of the property to a new Borrower. Borrower expressly waives the benefit of say such
<br />State laws.
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