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<br />_ (6) To rase the loan evidenced by the note solely for purrposes aurhorired -hy the(*
<br />(7) To pay when due all taxes, tiers, judgments, encumbrances, and assessments lawfully art. whing to or assessed
<br />against the property, including all charges and assessments in connection with water, water r4: hts, and water stock pertaining
<br />to or reasonably necessary to the use of the real property described above, and all taxes and ass-easments levied upon this
<br />mortgage or the note or any indebtedness hereby secured or against any legal holder hereof or. of 'thy note or of said in-
<br />debtedness under the Iaws of Nebraska, and promptly deliver to the Government without demand receipts evidencing such
<br />payments.
<br />(8) To keep the property insured as requited by and' under insurance policies approved by . $in Government and, at
<br />its request, to deliver such policies,to the.Government-
<br />(9) To maintain improvement�.
<br />ni�in. good repair and make repairs required by the Gti 3rnment; operate the property
<br />in a good and husbandmanlike rnaer;-c niply with such farm conservation practices dim fatrst and home management plans
<br />as the Govertuttent from. tisrie to t(rrtt may prescribe; and not to abandon the property,.�lip. or pemit waste, lessening or
<br />frtiipairment
<br />of the seeurk: t%ire�eci ere
<br />Z. or, without the written consent of tfir Gv v�ixVttnnt, cut, remove, or lease any
<br />slier; gsatir.'iiil, gas, r:r;�r'+ttfi�r: rsrh,�rals: except as may be necessary for ordinar-�r dom�ic purposes.
<br />(ipj: t"!� xvmply vlidr :efcL%s�i: ! &noes and regulations affecting the property.
<br />(11) To pay or rc n W rie the rWiemment for expenses reasonably necessary or inclA61pt to the protection of the lien
<br />�Lmd priority hereof and 67". dltt enfor ent of or. the compliance with the provisions hoii -m of the note and any supple-
<br />.% nrentary agreement (whether before -or after default), including but not litniti -d•to costs iii _videnee of title to and survey of
<br />the property, costs of reca: ding this and other instruments, attorneys' fees,,trumwe feel, rria. costs, and expenses of adver-
<br />rising, selling and conveying the property '
<br />(12 Except as otherwise pr&ffL_-.l by the Farmers Home Administration re��tv1lt��tcttratzs, neither the property, zor any
<br />portion thereof or interest chereiit shall be leased, assigned, sold, transferred, or encurn6'ers> - oluntart7y or otherwise, without
<br />the written consent of the `fQovemment. The Goverment shall have the sole`:nd exclusive rights as mortgagee hereunder,
<br />including but not limit6i tai. the power to grant consents, partial releases, s ihizrdinatic,.s,' and satisftedan, and no insured
<br />holder shall have any rigL-.t~,. "title or i iri;rest in or to the lien or any benefits hereof,
<br />(131 - Ar'all reaszLiA'c"ie times.. iai s'ruovernment and its mtLs; z may inspect the rr �a*:y to ascertain •Orhvtfns� erne cov-
<br />enants ana afp�ments ta:ntained her �u:r=in any s,tpplementaty :agreement are beingpeel, c wed.
<br />(14t "V a Goverrrrctir may (a) i`rtend or delis the maturity of, and renew ani izschedule the j?a:ments on, the debt
<br />eu:Jeace by the note or any indebtedness to tic Government secured by this instrument, (b). rcLu= any parry who is
<br />liable under the note or for the debt from liability to the Government, (c) release perta5stts of the property and subordinate
<br />its lien, atidi (d) waive any other of its rights under this instrument. Any and all this cam araL will be done without affecting
<br />the lien of olio priority of this instrument or Borrower's or any other party's liability :a'dv. Government for payment of the
<br />note or debt secured by this instrument unless the Government says otherwise in writing. HOWEVER, any forbearance by
<br />the Government - whether once or often -in exercising any right or remedy under this instrument, or otherwise afforded by
<br />applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />(15) If at any time it shall appear to the Government that Borrower may be abS; tiro obtain a loan from a production
<br />credit asscriiarion, a Federal land bank, or other responsible cooperative or private credit,sburce, at reasonable rates and terms
<br />for loans fvr._.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 eonnr-aion with such loan.
<br />(16) Default hereunder shall constitute default under any other real emae, or under any petra%al 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) Borrower further agrees that the loan(s) secured by this instrument will be Pi. default should any loan Rroceeds
<br />be used for a parr ose that will contribute to excessive erosion of highly era.ible land or to the conversion of wetlands to
<br />produce an agricultural commodity. as further explained in 7 CFR Part 1940;,5Dsbpart G, Exhibit M.
<br />(18) ,SHOULD DEFAULT uccur in the performance or discharge of any obligati," in this instrument or secured by
<br />this instrivient or should the parties named as Borrower die or be declared an incompetent, or should any one of the parties
<br />named at, lhsrrower be discharged in bankruptcy or declared an insolvent or snake an assignment for the benefit of creditors
<br />rie Gorerr :bent, at its option, with or without notice, may: (a) declare the entire amowtt unpaid under the note and any
<br />iiviebtedress to the G).m "rear,ent hereby secured boatediately due and payable, (b) for the account o(,13arrower inept and pay
<br />zeasonable;'&rvenses .-zv y.epair or maintenance of and take pa- swasion of, operate or rent the property. (e) upon application
<br />by it anti- lita:duction of this instrument, without other evidence and wit rux notice of bearing of said application, have a
<br />receiver atltoirted for the property, with the usual powers of rtxeivers in lihe cases, (d) foreclose this instrument as provided
<br />herein or iti 1.4w, and • i enforce any and all other rights and remedies prouldti :d herein or by present or future law,
<br />(19) The procer& t-;f foreclosure sale shall l••e applied in the followingorder to the payment of: (a) costs and expenses
<br />incident to enforcing i.c +a7n,plying with the proviiiuns hereof (b) any prier liens required bylaw or a competent court to be
<br />so paid,. (c) the debt evidenced by the note and all indebtedrrrss to the Gavcmment secured hereby, (d) inferior liens of
<br />record repaired by law or a competene court rai he so paid, (e) ar the Government's cption, any other indebtedness of Bor-
<br />rower owing, ca or insured by the Government. and (f) any balance to Borrower. At foreclosure or other sale of all or any
<br />part of the property, the Government and its ay: +its may bid and purchase as a stranger and may pay the Government's share
<br />of the purchase price by crediting such amount on any debts of Borrower owing to or insured by the Government, in the
<br />order prescribed above.
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