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t <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. <br />Q. <br />•1. <br />, <br />F <br />t <br />J <br />ti <br />