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010773
<br />(6) To use'the loan evidenced by the note solely for purposes authorized -by the Go ernment.
<br />(7) To pay when due all taxes, liens, judgments, 6ricumbrAnces, and asse nts lawfully, attaching to or assessed
<br />against the property, including all charges and assessments in connection wit �water, watei rights, and wateristock
<br />pertaining to or reasonably necessary to the use of the r�al property described abo I v, ' and all tax!&s'a . nd assessments' levied
<br />upon this mortgage or the note.or any indebtedness heieby secured or against an'y legal holder' her6of or of the note or�of
<br />said indebtedness under the laws of Nebraska, and promptly deliver to the Govern I in ent without �ema d receipts ev idbn'c'lryg
<br />such payments.
<br />(8) To keep the property insured as required by and under insurance policies ii pproved by, delivered to, and ret�,ined by
<br />the Government.
<br />(9) To maintain improvements in good repair and mak e repairs required by the,GDvern.m&nt; operate the property' in' a good
<br />bLnd husbandmanlike manner; comply with such - farm conservation practices and 'arm: and �home anagement plans as the
<br />Government from time to time may prescribe; and not to' abandon the property, or 1C use or permit w, s1e, lessening dr.impair-
<br />ment of the security covered hereby, or, without the written consent of the Gov rnment, cut! remove, or lease any:'timber,
<br />e c�purposes.
<br />gravel, oil, gas, coal,. or other minerals except as may be necessary for ordinary dom sti
<br />(10).To comply with all laws, ordinances, and regulations affecting the property.]
<br />(11) To pay or reimburse the Government for expen I ses reasonably necessary, �)r iricidental� to I �he protection of i the lien
<br />I .
<br />and priority hereof and to the enforcement of or the compliance with the provisi ns hereof. arid of the note and any supple-
<br />�mentary agreement (whether before or after default), in�luding but not limited to osts I of evid I enc of title to -and �urvey of
<br />the property, costs of recording this and other instruments, attorneys' fees, tru tee fees, 'court
<br />costs, and expenses of
<br />advertising, selling, and conveying the property. i
<br />(12) Neither the property nor any portion thereof or interest therein shall be lea dd
<br />it .Ie
<br />T� assigned, so d; tran's erred, qr encum
<br />bered, voluntarily or otherwise, -without the written c !nsent of the Governmel e Governmen shall have the'sole and
<br />0 1
<br />ew-lusive rights as mortgagee hereunder, including but not limited to the power to grPnt consent tial rel6ases, stibo'rdina-
<br />tions, and satisfaction, and no insured holder shall have any right,' title or inte'rept in or to t I in or any benefit:p hereof.
<br />(13) At all reasonable times the Government and its' agents may inspect th 1P, operty to as6ertain whether the cpvenants
<br />and agreements contained herein or in any supplementapy 'agreement are being per oi!
<br />MQ.
<br />(14) The Government may extend' and defer the mat'urity of and renew and re mortize the debt evidenced by the note or
<br />any indebtedness to the Government secured hereby, release from liability to th Government! am party so liableithereon,
<br />release portions 'of the property from� and subordinate thel lien hereof, and waive an other rights' he" eunder, without �affecting
<br />the lien or priority hereof or the liability to the Go�ernment of Borrower or hr y other party, for payment of th6.1iote*or in
<br />debtedness secured hereby excel t as specified by the Government in writing.
<br />(15) If at any time it shall appear to the Government that Borrower may be a I b e to! obtain w I oa from a production credit
<br />association, a Federal land bank,' or other responsible' cooperative or private credit source, at r asonable rates ind terms
<br />for loans for similar purposes and periods of time, Borrower will, upon the Goverr.ment's request, �� pply for 'and ac'ept.such'
<br />loan in sufficient amount to pay the note and any indebtedness secured here y and to pay for' i ny stock neces§ary to be.:
<br />e
<br />a
<br />purchased in a cooperative lending agency in connection �ith such loan.
<br />(16) Default hereunder shall constitute default under any other real estate or under an� personal property or other,
<br />security instrument .held or insured�by the Government and executed or assumed by Borrower', a d default under:any such
<br />other security instrument shall constitute default hereunde'r.
<br />(17) SHOULD DEFAULT occur in the performance or discharge of n obliga ion in this in 11 rumcnt or secured by this
<br />instrument, or should any one of'the parties named as� Borrower die or c decla ed 'an inc I et-rit, a bankrupt!, or an
<br />insolvent, or make an assignment for the benefit of creditors, the Government, at it t* F1 i r without notic�, may:
<br />(a) declare the entire amount unpaid under the note an8 any indebtedness to the' overnment ')y secured imme�diafcly
<br />due and payable, (b) for the account of Borrower incur and pay reasonable expenll�ses for repair 'or ainteriance of ai�d tike
<br />possession of, operate or rent the property, (c) u on ap ication by it and production of thisim'srument, without other
<br />P I
<br />evidence and without notice of hearing of said ap lication, have'a receiver appointec for the propert with the usual �owers
<br />I yt,
<br />n a provi e herein or by law, a id (e) enfor I
<br />of receivers in like cases, (d) foreclose this instrume t s e an and all other !rights
<br />and remedies provided herein or by present or future law!
<br />(18) The proceeds of foreclosure sale shall be applied in the following order t the paymel of (a) costs and:ckpenses
<br />incident to cniorcing or c lying with the provisions I hereof, (b) any prior liens required by Ia'%wv com etent.dourt to
<br />be so paid, (c) the debt nced by the note and all indebtedness to the Gove'r9ment sccurdd h reby, infcribr'li6ns
<br />I opt*' � �riy oth� indebtedness
<br />of record required by law or a competent court to be' so paid, (e) at the Goveriment's ion,
<br />of Borrower owin&,to or insured by the Governmeni, and (f) any balance tPlIorrower. Ai: folleclosure or otlicr sale
<br />le s a strang I er a d ma "pay th e 0
<br />of all or any part o property, the Government and it's agents may.. bid and purclia se a I y . 6vern
<br />ment's. share of the purchase price by crediting such� amount on any debts 'of Borrower in� to or insure by the
<br />Government, in the order prescribed above. i . . I I ' 1'
<br />'be bou b any present or' future
<br />(19) Borrower recognizes that, pursuant to Feder�,l law, the Government will not:
<br />State law, (a) providing for valuation, appraisal, homestead or exemption of the property, (b) prohibi big maintenanc6 of ah
<br />hich sucl a tion must be 1�.rought,
<br />action for a deficiency judgment or limiting the amount thereof or, the time within W I I I
<br />(c) prescribing any other statute of limitations, (d) allo; 'rig any right of redemptic, 1 or possession owing any for:closure
<br />sale, or (e) limiting the conditions -which the Governriient may by regulation iip�osc; includin'g t e interest rate' it -may
<br />charge, as a condition of approving a transfer of the p�operty to a new Borrower. Borrower expr ssly waives theibenefit
<br />Of any such State laws. Borrower hereby relinquishes, �vaives, and conveys all rig ts, iiichoate�or c )nsUmmate, of descent,
<br />dower, and curtesy.
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