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10528
<br />(9)
<br />To. staaiatain isa ssssaq is d apair and rnaiae rc�nirrregaiced bl► the Government: operate the peoparty
<br />is * pod sets Itrti�iotsoliite mowers wv poly wits such farm coaaerradow practical sod Earn an i home tnans�aFlat pusis
<br />es de Gareraassat Pram bate to bate tna prescribe: and not to abandon die property, at Cagle or permit wine,,ionetaisgos
<br />iwpaies�ssst of tdse covseosd hue y. W. without the rstitlatt cosiest of tilt Goversummt, cut; retaove, or lease my
<br />timber. gravel. oil, ps, e�, or odter obwals except as maj be faceserry for otdirtary domestic purposes.
<br />El0) To comply with all laws. ordinances, and regulations affecting the property.
<br />(1 l) To prey or reintbone the Government for expenses rrasoaably necessity or incidental to this protection of the lien
<br />and priority hereof said to the enforcement of or the compliance with the provisions hereof and of the note and any supple-
<br />msrttary MI elawnt (whether before or after default), including but not limited to costs of evidence of title to and starver of
<br />the property. costs of recordirsg this sad other instruments, attorneys• fres, trustees' fees, court costs, and expenses of atiivu-
<br />daiag, .aelliad and cottYeying t� .property.
<br />(32) Except as other -Lt provided by the Farmers Home Administration regulations, neither the property astir any
<br />pardon thereof or interest therein shall be leased, asnirgpe4 add. transferred, or encumbered vohuntarily or otherwise. without
<br />the written consent of the Government: The Goverrtsssent shall have the sole and exclusive rights u mortgagee hereunder.
<br />hbrit- set'1lsssiesd to the powm to Want consents, partial releases. subordinsdons, anddsatisfaction, and no insured
<br />all have snj rigi►ts. tide or interest in or to the lien or any benefits hereof.
<br />{13). At all reasonable times the Government and its agents nimy inspect the property to ascertain whe"'the cov-
<br />enants and agreements contained herein or in any suppiementa y agreement are being performed.
<br />(t4) llre Government raay (a) adjust the interest rate, payment, terms or balance- due on the loan„ (b�) increase the
<br />mar4w by sit amount equZ to defferred interest can the outstanding principal balance,(c) extend or defer the maturity of,
<br />at @'itiitltiv sad resdredule the payments vet, the debt evidenced by the note or any indebtedness to the Gavei ment secured
<br />by this instrument. (d) release any party whb is Halve under the note or for the debt from liability co the Government,
<br />(e) ty sew pardon of tare property and subordinate its ,;lea, and (f) waive say other of its rig%ts under thin ivAtrssasset. Any
<br />agcitzib. this can and will be done without affecting ri�.i!,�en or the. priority of this instrument or borrowWs.or any outer
<br />pn **- liability to the Government for payment of tire. t;i�te or debt secured by this instrument unless die dewersunent says
<br />otha.4im in writing. HOWEVER, any forbearance Gy Government— whethsr once or often —in exec any right or
<br />remedy utsiec dtis instrun►ent7 err otherwira afforded , • pplicable. lsw, shall nut be a waiver of or-pteclu "e-exemse of
<br />any such right or remedy.
<br />{ 15) If at any tints it shall appear to the Govermttm; that Borrower may, bee able to obtain a loan froriir a production
<br />cre& zoisciatiort. a Federal land ties , or other respostaibfr -cooperative or private o"edit source, at reasonatki,ss :es and terms
<br />for 4ans for similar purposes and periods of time. Scx-vwrer will, upon the Gov%=enc s request, apply fora nd accept such
<br />loser. in saf &lent amount to pity the nave ar,d ai^y. )u :0btedness secured hereby`ind to pay (dr any stock necessary to be
<br />purchased in a cooperative lending agency irk, rw R "oe with such loan.
<br />(16) Default hereunder shall constitute Jef*3: 6,ttder any other real estate,,-0:-,,under any gersorai.#ccperty or other,
<br />aaatGtity instrument held or insured by the Governmart-,. TTzd executed or assumc4l 4 Borrower, iced dtfa4t,itnder any such
<br />of security - instrument shall constitute default here.:. t4er.
<br />(17) Borrower further agrees that the loan(s) secured by this. instrument will be in dtWa t should ay loan proceeds
<br />be used for a purpose that will contribute to excessive erosion of highly erodible land or to the eonv liba of wetlands to
<br />produce an agricultural commodity. as further explained in 7 CFR Part 1940, Subpar G. Exhibit M.
<br />(18) SHOULD DEFAULT occur in the perform. isnce or discharge of any .c L-1iption in this instr u at: or secured by
<br />46,5 instrument. or should tkL fa:ties named as Borr rlvw die or be declared an in4d ripetent, or should any;.%4 i+eof the parties
<br />t;wm:d as Borrower be discharged in bankruptcy or rx:;"P -red an insolvent or make an assignment for the &�gzilt of creditors,
<br />the Government, at its option, with or without rrie, may: (a) declare the entire amount unpaid under the note and any
<br />indebtedness to the Government hereby sect;tr4 i tokiiately due and payable. (b) for the account of Borrower incur and pay
<br />resonable expenses. for repair or maintenaisie e; inn Wise possession of, operate or rent the property, (c). (Ton application
<br />i:y i;c and production of this instrument, without rdrer evidence and without notice of hearing of sa'd application, have a
<br />teceives appoiated'for the property. with the usual Ovftvs of receivers in like cases, (d) foreclose this imal"W' n4fit as provided
<br />herein or by law, and (e) enforce any and all other rig�;'is and remedies provided herein or by present or future law.
<br />(19) ibe proceeds of foreclosure sale shall be applied in the following order to the palmerit of: (a) costs and expenses
<br />incident to enforcing or Complying with the provisions hereof, (b) any prior liens rewired by';aw or a competent court to be
<br />so paid, (c) the debt evidenced'by the note and all indebtedness to the Govemitent secured hereby, (d) inferior liens of
<br />record re juired by law of a cr.11V ;tent court to be so paid, (e) at the Govemmeint's option, any other indebtedness of Bar.
<br />rower owing to or insured by the Government, and (f) any balance to Borrower. At foreclosure or other safe of all or any
<br />part of the pprroperty, the Government and its agents may bid and purchase as a stranger and may pay the Government's share
<br />of the purcluse price by Crediting such amount on any debts of Borrower owing to or insured by the Government. in the
<br />order prescribed above.
<br />(20) Borrower agrees that the Government will nor be bound by any present or future State law. (a) providing for
<br />valuaticei appraisal. homestead or exempion of the property, (b) prohibitiing maintenance of an action for a deficiency
<br />judgnstent or limiting the amount thereof or the time within which such action must be brought. (c) prescribing any other
<br />statute of limitations. (d) allowing any rt'ghe of redemption or possession following any foreclosure sale. or (e) limiting the
<br />conditions which the Government may by regulation impose, including the interest rate it may charge. as a condition of
<br />approving a transfer of the property to a new Borrower. Borrower expressly waives the benefit of any such State laws.
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