|
89- 102760
<br />(f.) li. ucr the It' -In eri,fen. cd Iry the note solely for purposes authorized by the Government,
<br />(3) To pas when due .11 taxes, liens, judgments, encumbrances, and assessments lawfully attaching to or assess
<br />to or reasonabl ed
<br />,
<br />against the property, including all charges and assessmcntA in connection with water , water rights, and water stock pertaining
<br />-v nccessarl, it, the use of the real propztty described above, and all taxes and assessments levied upon this
<br />mortgage or the note or an) indebtedness hereby, secured or against any legal holder hereof of of the note or of said in-
<br />debtedness under the laws ot" Nebraska. ,Ind promptly deliver to the Govermnent without demand receipts evidencing such
<br />payments.
<br />(8) To keep the property insured as required b }' and under insurance policies approved by the Government and, at
<br />its request, to deliver such policies to the Government,
<br />(9) To maintain m,proverl,ents in hoA.. rcrair and make retuira required by the Government. operate the property
<br />in a good and husbandmanlike ruanner; co,»pIv with such farm conservation practices and fairer and home management plans
<br />as the C.oticmn,ent from time to time "lay pr s1ril+c; and not to abandon the property, or cause or petr»it waste, lessening or
<br />impairment of the security covered hereh.< ot, tvt!hout the written consent of the Govermnent, cut. remove, or lease any
<br />timber, gravel oil, gas, coal, or other minetals excel r as may be necessary for ordinary domestic purposes.
<br />(10) To cou,ply with all laws otdinances ,Ind? regulations affecting the property,
<br />(11) TO pay of reimburse the Government for expenses reasonably necessary or incidental to the protection of the lien
<br />and priority hereof and to the cnfinc;n,ent of or the compliance with the provisions hereof and of the note and any supple-
<br />mentary agret,rae t (whether before or after default), including but not limited to costs of evidence of title to and survey of
<br />the property, costs .,t rcrording ibis and other instruments, attorneys' fees, trustees' fees court CPStS, and expenses of adver-
<br />tising, selling and conveying the property.
<br />(12) Except as otherwise provided by the !Farmers Home Administration regulations, neither the property not any
<br />portion thereof or interest titerein shall !-c leased, assigned, sold, transferred, or encumbered voluntarily or otherwise, without
<br />the written consent of the The Government shall have the sole and exclusive rights as ntortgagee hereunder,
<br />including but not limited to the p,,ti,�c tv grant cp»sents. partial releases, sit bordinations, and satisfaction, and no insured
<br />holder shall have any r,tzhts. ¢sac• or interest in or to' -l?u lien or any benefits hereof.
<br />(13) At all teasnrah :e rtt„rs the rovernmertt- and its agents may inspect the property to ascertain whether the cov-
<br />enants and ages +:+eras contained herciii •, rn .,n} supple :rent iris v },reement are being perfanned.
<br />(14) The Cavernn,enr m:iv a, marrr.�i or deter the Of and renew and res.,1 6f.ule the payments on „tJn: 3ebt
<br />evidenced la.' the note , r am rtuir'c.r, :,5'..crsti '+� !he c: art 1 •,ecured by this instrumeut,. (b) release any party who is
<br />liable under the note or fw the debt •; .i,,; e : ;��,jrtt, r.;: the 0,•vcrnmcnt. (c) release portions,: c penppetLy and subordinate
<br />its lien, and (d) waive ate} • rlrer +,t irv,r ;�J ; :x a:n.WVr'a w Vsr:ument. Any and all this can an4 AA1 be d.,a,zc without affecting
<br />the lien or the priority nt tlecs lust: r,r.,c.nY &7•._.yw ;`; •, or any other party's liability to cite Ci,iv rnrnenr •tor payment of the
<br />note or debt secured by this instrun•.cu! :u - ;cs ;i ^,axe C:oJernn,ent says otherwise in writing., (?ft;;WTVER. any forbearance by
<br />the Government-- whether ,.ncc or utrer..� n bile :� ;m� any right or remedy under this instrument. or otherwise afforded by
<br />applicable law• shall not be a waiver of tin- crec!u sr rE.q rrrrc.,e of any ;tsar ri..r;_ _ d
<br />• ra s
<br />,I S) If at any time it itrall appear to the G, *xcn ment that Borrower may be able to obtain a Lorca from a production
<br />credit association, a Federal land bana.,,r .,,}t_r reVan;iblc ;o„petativc or private credit source, at reasonable rates and terms
<br />for loans for similar purposes and -cods Of tune, Borrower wrli,. upon the Government's request, apply for and accept such
<br />loan in sufficient amount to pay dlic n•nre and any indebtedrem. wcured hereby and to pay for any stock neeesuini. to be
<br />purchased >cr,, cooperative irndtn:.t cu,: j lit crmnectiun with stAdt l?,un.
<br />(lfi; Default hereunder shall default under any other real etr.,t'e. or under any personal property or other,
<br />stecctity instru,rcnt held or n,su: ed i_ s• •1 ;it(; ;at rm ^eat and executed or asiu, :,,vz by Borrower, and default under any such
<br />Other security instrument shall t, ns :ic.ac?efault herc,za:ler.
<br />(17) Borrower further Joe,, : [., :-ae h,a,r > +r:ured ! s this rnstru,,,r,ai Xtil be in tlatfault should any loan proceeds
<br />be used to- .a purpose that will c,aerrlai ,le.;u exce-Wve erosion of highly Ctir,ir3ltie land :or, tr the conversion of wetlands to
<br />produce an agricultural cornu,oditI as ltir,r!'ttr ezP1.; =,.:.3 in 7 CFR Part 144U),,�lri_t7art G. E'altibit M.
<br />(18) SHOULD DEFAULT occu: ii the or discharge of imy..i7bligation in this insttuattent or secured by
<br />this instrument or shautd- -+di,e parties aas•-cd di Bair!4,w r die o: be• declared au.irrompetent, or should arre• 6ne of the parties
<br />named as Borrower be discharged in E;Juri<ruptcy or do flared an insriJ,vent or make an assik•hrp,ent for the beneCt of creditors
<br />the GovernrK,er.,r., at is option, wan �riu ^�baut notice, Wray: (a:)declare the entire anuruni unpaid under the note and any
<br />indebtedness pe rite Govern •,ent he :rilt.,sic red i�tmedutely due aria payable, (b) for the account of Borrower incur and pay
<br />reasonable expenses for ccE@,ai: or „ taitttr'nar:,;c of gird. rake possession of, Operate or rent the property, (e) upon application
<br />by it and production ui :fti; inst :u ;.,cn• with -jut otiver•evidence and without notice of hearing of'said application, have a
<br />receiver apppointed for the property• with the usual`huwers of receivers in like cases, (d) foreclose thli itfstrument as provided
<br />herein or by law. and fe) enforce am �rmt;,il other rights and te,nedics provided herein or by present ter future law.
<br />(19) The proceeds of foreclos,ux: s.i1.c shall be 4pplied to file following order to the pay n,ontofr (a) costs and expenses
<br />incident to enforcing or _o, rig• witdndir. provisionshi -ikoi. 'b) any prior liens required by law or a comp
<br />etent court to be
<br />so paid 'c) the debr evvtfrnced lay adtt. !;ere anal all.. indr.- Imcdness to the dove nment secured hereby. ( "d:) inferior liens be
<br />record required by latv ors , :, ;mpcce;tr rr.1z r, to be .sr }.-OW, (q; at the Govi rwnent's option, any other })xdmbtedness of Bor-
<br />rower owing to or insured by the t :,.tot :rnu'ent. ant f: fTJ';W)% . ltulfi we to Borrower. At foreclosure or other sale of all ur any
<br />Part of the pproperty. the (,oft rn,rcrtt ,urtl i s a�rats ittiy Lhi'.aiia purchase as a stranger and may pay the Government's, share
<br />of the purchae price by crediting such .unount ,in•an }• dlobt�s e,f Borrower owing to or insured by the Government, in the
<br />order prescribed ab„vc.
<br />I
<br />i
<br />�i
<br />tD
<br />a
<br />
|