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<br /> . ±�" �� To mdnuin imprmamenu in�ood repdr�ed maka repdn required by tho(iovernmen�;opec�te the property
<br /> , ^. � '" '�' �� � a �o�d and hwbu+dm�nUks mannerteanply with such farm eonrrv�don practiue and Fum�ed home m�n�erresat p4iu
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<br /> - -�y��q��,•,,•� w the Goveroment from t i r ae to t i me ma preser i b et an d n o t to�bandan eho pro p er ry.or caure or parmit araate,le�pning or r
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<br /> t�R����'""`° impslrment of th� �eeurity eovsted hera y. or,without ehe wAtten comm�t of ehe(iovernmsnt,cut�removs.ot +u�y
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<br /> . ' ( �.;•+�. " dmbse.gravsl,oQ,Ru,eoal,or othar minerds except w m�y be necewry foe ordinsry don+e�tie puepose�. —.�
<br /> " �`�, � " ' (10) To comply with nll lawa.ordlnonce�,and reguladon��ffecda�the property.
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<br /> c;s �����` � ,� (11) To psy or reimbur�e the Govarnmenc for expenw�reuon�bly neceaary or incident a l eo t he protec don o f t he I l nn
<br /> and pdm�ty hereof ond to ehe enforcement of or the compliance with the pcovfiton�heraof a�d oE the note and any�upple-
<br /> -��'"=: ��`• mentary agreement(whe t her b e Eore or�fter de fault).including but not Wnited to co�ts o4'avidence of dtle to and wrvey of �.':�'�,a,;=_�=�
<br /> �'� ehe properey,casu of cecording this and othu inatrurnsnu,attorney�'fses.au�teea'foe�,coun cau,and expenn�of a d vec- _=_
<br /> -_i��i��%�a tidn�,�elling xnd tonveying the propeety. �'�" "
<br />-� � ^ (12) 8xcept a� otherwl:e pcovlded by the Fumer�Home Admini�tradon reguladon�,neither the property nor aay
<br /> �,:._`�.�_�• �''}•� c ��' '' or•.ion thereof or intere�t therein rhall bo leosed,udgned,wld,tramferred.oc encumbered voluntarily or oeherwisa,wlehout —
<br /> "'=�'� "L'�� L ' ihe wriKm con:ent of ths Government. The Govecnment�hall have the wle and exeWdve right�u mortg�gee haeunder �;,
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<br /> -' '�`°'``•+'--y-- 1neluding but not Umited to the pawer to grnnt con�nt�,putial releafe�, �ubordimdom,and tati�factloa,and no imure
<br /> L��`:;L holdne�bdl ha�e�ny ri�t�,tide or intereu i�or to the lien or any beneRu hereof. __ --
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<br /> •` �� ::t�s.. __. (13) At all rewonable dme� the Government ond its nu ma Lu t tha rope to auertaL►whether ths cmr- ` _ _�� l
<br /> •-. '- � , � �� enant�ond agrcement�containcd heroin or in any�upplementu�y�agrament u�boing perfirmed
<br /> �s , •� � ' .� (14) 'Ibe Government may (a) adjutt the intera�t rate,psyment,term�or balance due on the loan,(b)increue the
<br /> mortgage by an amount equal to defeRCd intereat on the outstandin g principnl balance,(c)e:tend or defer ehe mn�vrity of ���a.�•,
<br /> ��; and renew and re�chedule the paymena on. t he de bt e v i dence d by t he no te or an y i n debtedneu to the Government�ecure� __
<br /> by ehi�[nstrument, (d) relea�e any party who is Ifwble under tha note or for the debt from liability to the Govcrnment, __ ..
<br /> ' (e)releae pordon�of the propercy and�ubordinate iu lien.and (�waive any other of in rights undar thb imtniment.My _:_____
<br /> • ' and aU thi�cnn and wlll be done xrlthout affecting the lian w the pdodty of ehi�Imaument or Borrowee'�or any other �_;:;_,�;:,:_
<br /> pucy'�NabWty to eha Government for payment of the note or debt ucured by thi�tnstrument u�less the Governmcnt says ���-'�--
<br /> � . otherwl�c in wridng. HOWEVER, any forbeuance by the Government-whethor once or often-in exerdting any right or �;�,s„s.�
<br /> • �� " nmedy under thi�initrument,or otherwi�e affoeded by applicable law,�hall not be a woiver of or preclude tha e:erci�e of —
<br /> " my sueh right or remedy.
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<br /> `'•�"` (15) If at any dme it�hall ap ear to the Gwernment that Borrower may Ix able to obtain a lonn from a production �''"'r;��,;'
<br /> :�:.,� eredit awciadon,a Pedera)Iwnd ban ,or other re�pon�ible cooper�dve or private erodit�ourca,at reatonable rates pnd termt ��,___:_
<br /> ° =- : -- - tor loAac far�fmflas purpaus and pesiode of ttme,R�xrower will,upon the Goverament'�requeu.apply for and aecapt such E�?�'i-`-�
<br /> � ' loan in iufAcient amount to pay the note and any_tndebtedne�a�ewred here6y and to pay for any �tock neceu�ry to ba �➢_-
<br /> , � purehaad in a cooperat[ve lending agency in conneet�on with tuch loan. ----�---.
<br /> ' " (16) Defpult heteunder shall conttitute defoult under t�ny other rcal e�tate,or under ony personal property or other, �r�i._.:;, : �
<br /> ' Kcuriry in:trument held or insured by the Governmant and executed or oswmed by Borrower,and default under any tuch �"•';.;�'•`
<br /> ' ' . . othar recuriry imtrument shaU constitute default hereunder. _
<br /> " (17) Horrowee further a�rees that thc loan(�) ucured by thu fnttrument wiU be in default�hould nny loan prxeeda l;�=�
<br /> be used for a purpoic that will contrfbute to cacctsivic erosion of highly crodible lond or to the conversion of wetland�to �,_��
<br /> �:f. .
<br /> ' ° ' � produte an agricultural commodiry,as further explained in 7 CFR Pat 1940,Subpact G,Eshibit M. yw.,>:+nr,.�:-.-. �,�
<br /> " (18) SHOULD DEFAULT occur in the per(ormance or dischargt of any obligacion in chii inatrument or tecured by � ��
<br /> - � thit in�tcument,or�hould the parties named a�Borroww die or be declued an ineompetent,or ahould any one of the part[es ��..__;�.��.r'
<br /> • anmed as Borrower be discharged in b�nkrupecy a declared an iniolvent or make an aaignment for the 6eneAt of crediton, ��''�
<br /> � the C;overnment,at it�option, with or without notice, may: (a) declare the entire amount unpaid under the note and any .. _
<br /> . ,; indeb�ednes�to the Government hereby:ecured immediately due and payable,(b)for the account of Borrower incur and pay ,
<br /> rcaionable expcmes for rNpair or mnintenance of and takc pouastion of,operate or rent the property,(c)upon application . . .
<br /> '� by it and production of this inserument,wfthout ather evidence and without notice of heuing of wid appllcation,hava a �
<br /> : � rcceiver appointed for che property,with the usud powen of reeeivere in like ta�e�.(d)foreclose thi�imtrument ai provided ,,„�,,,,�„� -
<br /> � herein or by law,and(c)cnforcc any and all other rights and remedles provided herein or by present or futurc low. .;._
<br /> ' (19) The proceeds of foreclature :ale�hall be applied in the following order to che payment of:(a)costs and eapentei , ,
<br /> + " • , incident to enforcing or complying with the provblont hereof,(b)any prior lient required by law or a competent court to be °,,�
<br /> • • ,. w paid, (e) thc debt evidenced by the note and nll indebtedness to the Govcrnment seeared hereby,(d) inferior liens of ___��,.Y __-
<br /> � record tequired by law or a compctcnt court t�bc �o paid, (e) at the Govcrnment's opdon,any other indebtednen of Bor- ''`.:+�*_ ; _
<br /> tower owing to or imured by the Government, and (f) any balance to Bonower. At foreclo�ure or other snle of all or any �' -�
<br /> � ' " part of thc property, the Covernment and ite ogcnts may bid and purchvac as a strangcr and may pay thc Government'e shue ' ^:�--
<br /> • � of the purchase price by crediting�uch amoune on any deba of Bonower owing to or imured by the Government,in the •-_.--�`":�.._
<br /> order proser{bed above. ' ' '-
<br /> � � . " (20) Bortower a�tes that the c;ovcrnment will not bc bound by any preunt or Future State law. (a)providinq for `.
<br /> � s� valuation. app�ai:ol, homc�tead or exemption of thc property, (6) prohibiring maintenancc of an aetion for a deficicncy �
<br /> judRment or limiting the amount thareof or thr time within which auch action must be brought,(c)preicribing any other
<br /> ' uatutc of limitation�.(d) allowing any right of redemption or posussion following zny(oreclosure wle,or (c) limidng thc
<br /> • •� conditions which the Government may by regulat[on impoae, including the intere�t rate it may charge,aa a condition of .
<br /> � �pproving a transfer of the property to a ncw Borrower. Bonower expreasly waivea the benefit of any such State laNn.
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