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89-- 103837
<br />(6) To use the loan evidenced by the Rote solely for purposes authorized by the Government.
<br />(7) To pay when due all taxes, liens, judgments, ericumbrames, and assessments lawfully attaching to or assessed
<br />against Mite property, including all charges and assessments in'eonamiion with water, water rights, and water stock pertaining
<br />to or reasonably necessary to the use of the real property described above, and all taxes and assessments levied upon this
<br />mortgage or the note or any indebtedness hereby secured or sgainst any legal holder hereof or of the note or of aid in.
<br />debtedness under the laws of Nebraska, and promptly deliver to the Government without demand receipts evidencing such
<br />payments. . 1
<br />(8) To keep the property insured as required by and under insurance policies approved by the Government ani.#
<br />its request, to deliver such policies to the Government.
<br />(9 ) To maintain im rovements'in jo6d repair make re p
<br />airs required by the Government; operate the property
<br />in a good and husbandmanlike * er; comply with mirth farm ccoservation practices and farm and home management plans
<br />as the Gdmernment frosti time; to dine may prescribe; �nd1 -not to z6andon the property, or cause or permit waste, lessening or
<br />Impairment of the secant coffered hereby, or, wEtP wat the wiit¢ett consent of the,Govemment, cut, remove, or lease any
<br />timber, gravel oil, gas, cdxr ofi other minerals exccp as array be neceasacy for-ordinary domestic purposes,.
<br />j (10) To comply wiqh 44111aws, otdiaances.: w4udationa Oft6mg the property.
<br />(11) To pay, dx rel�iiyrsff�e'the Cstm►ttstanieir�, a,A expenses roast/ ably necessary or incidental to the protection rf:shae lien
<br />and priority laetxof *Ad, to the enforcenment of cue the compliame, with the provisions hereonand of the note and any supple•
<br />mentary al'Teetaatbt, (tvhether before or after defaulc), icluding but not limited to costs oaf evidence of title to and survey of
<br />the property. coats of recording this and other inst rvwems, attorneys' fees, trustees' fees. court costs, and expenses of adver-
<br />t using, selling and conveying the property.
<br />(12) Except as otherwise provided by the Farmers Home Administration regulaeiens, neither the property nor, any
<br />portion thetettf or interest therein shall be leased, assigned, sold, transferred, or encumbered voluntarily or otherwise, * tlhout
<br />the, written consent of the Government. The Govetr.,ment shall have the sole and exclusive rights as mortgagee hereunder;
<br />iraclxtdin but not limited to the power to grant coalmeats, partial releases, subordinationns, and satisfaction, and no insured
<br />balder shall have any rights, 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 cov-
<br />enants
<br />and agreements contained herein or in any supplementary er fo agreement are being prmed.
<br />(141 The Government may (a) extend or defer the maturity of, and renew and reschedule the payments on, the debt
<br />evidencedd by the note or any indebtedness to the Government secured by this instrument, (b) release any party who is
<br />liable under the note or for the debt from liability to the Government, (c) release portions of the property and subordinate
<br />its lien, and (d) waive any other of its rights under this instrument. Any and all this can and will be done without affecting
<br />- the lien or the priori or this instrument or Borrower's or any other party's liability to the 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 />•
<br />applicable law, shall not be a waiver of or preclude the. exercise of any such right or remedy.
<br />(15) It at any time it shall appear to the Govemment that Borrower may be able to obtain a loan from a production
<br />cra:dit association. aff'tdcml land bank. or other responsible cooperative or private credit so -tree, at reasonable rates atul terms
<br />for loans for timilvs purposes and periods of time, .Borrower will; upon the Government's request, apply for and accept such
<br />loan in suf &cierrt amount to pay-. the unfit and amp °indebtedness, secured hereby and to pay for any stock necessaq:.to be
<br />purchased in a cooperative lending agency fit eoimnac6m with such loan.
<br />(16) Default hereundeo ihsll constitute defgd k under any other real estate, or under any personal property or other,
<br />security instrument hold or insured by the Goverait *nt 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(,) secured by this instrument will be in default should any loan pxlc ceeds
<br />be used for a pasrrppow that will contribute to excessive erosion of highly erodible land or to the conversion of :weoan'ds to
<br />produce an agricultural,commodity, as further explained in 7 CFR Part 1940. Subpart G, Exhibit M.
<br />(18) SHOULD DEFAULT occur in the performance or discharge of any obligation in this instiumen;:oijeeured by
<br />this: instrument, or" should the parties named as Borrower die or be declared an incompetent, or should any "omof the parties
<br />named as Borrower be discharged in bankruptcy or declared an insolvent or make an assignment for the benefitofcrediitors,
<br />the Government, at its option, with or without notice, may. (a) declare the entire amount unpaid under the note aced any
<br />indelbtedness to the Government hereby secured immediately due and payable, (b) for the account of Boccatwer incur aiid pay
<br />reasonable expenses for repair or maintenance of'artd take possession of, operate or rent the property,,.(c) "uppon application
<br />by it and production of this instrument, without they evidence and without notice of hearing of said application, have a
<br />receiver appointed for the property, with �hhe:usual,powers of receivers in like cases, (d) forralose this instrurent as,prflvided
<br />herein or by lxi r,.and (e) enforce any and: all' :other "rights and remedies provided herein or by- pm-ent nz future law.
<br />(19) 71te pr ceeds of foreclosure ul'e s6a ,h` -applied in the following order to the payment of ,.raj costs and expenses
<br />incident to enforcing or cudnplying with the provitfrisrs hereof (b) any prior liens require lots or a competent court to be
<br />sdi paid. (e) the debt evidenced by the note and sik indebtedness to the Government secured hereby, (d) inferior liens of
<br />record required by law or a competent court to be so paid, (e) at the Government's option, any other indebtedness of Bor-
<br />rower owing to 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 agents 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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