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<br /> (9) To mointnin imp:ovemanta in good repalr and malce repain requtred by the Govcrnmerttt opesate t e propeFty , ., a_._
<br /> in a good and huabandmanitke manneri eomply with auch farm eonservaeion pracdcee astd fnrm and Aome managemene pinns , ,��{s.=
<br /> � as ehe Government from time to time may precccibe;and not to abandon the property.or cause or permit waato,leetening or �- �,__.
<br /> ' Impairment of the seCUrit y' eovered hereby,or,without the writtea consent of che Governmant.eut,remove,ar lease any =
<br /> timber,gr�vet,oil,gae,eoal.or other mineraia exeept as may be necer�ry for ordinary domestic purpoaea. „ �-
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<br /> (10j To eompIy wltb all laws,ordinancea,and reguladona nffecdng the property. • ,r,,�,_
<br /> (]1) To pay or relmburse the Government for ezpenaei:easonably neceseary or iae{dental to the ptotecdon of the lien _�._.^-
<br /> and priority hereof and to tho enforcement of or the compliance with the provieions heaof and of the note and any aupple- .- •=t `
<br /> mentary ag�reement (whethes before or after default),including!wt not limited to eoats of evidence of dde to r�nd turvey of r
<br /> the pcoperty,co�ta of secord{ng this and other instruments,attorneys'f6ea,auateea'fees,court costa,and expes►ses of adver- ��
<br /> tiaing,aellingandconveying the property. .1�
<br /> (12) Ezcept si otherwlae provided by the Farmers Home Adminiatrarion reguiadona,neither the property aot atty
<br /> pordon thereo£or intereat thenin ahall be leased,assigned.sold,aansfeaed,o:encumbered voluntarily or othenvlse,wIthout . _
<br /> the wtitten consent of the Goverttment. The Government ahall have t�e sole and exclueive rlghts as mortgagese hereundor � .
<br /> indµding but aot limited to the power eo gran4 consents,parttial releases,subordinadona,and satisfaction,and no inaure� 4
<br /> holder shall have any rights,title or interest in or to the liem or any beaa tf nes hereof, t � ,�'
<br /> (13) At all reasonable dmes the Government and 'n¢s agents may inspect the property to ascertain whether the cov- , �
<br /> enanta and agreements contained herein or in any supplementary agreement nse being performed. , _
<br /> ',:;•" ' � .,r,".�;, (14j 14te Gavernment may (a) adjvat ehe interest rate, payment,terma or balance due on the loan, (b)increaae the = _
<br /> ; ..;.,�:.,,,., eztend ar defer the maturit of, �+.�--
<br /> ,,� . ,_.�,,�, '•f�� mortgage by att amount equal to deferred incerest on the outstanding principal balance,(c) Y ,.;;,. . �,
<br /> •"" '`-•�• • and renew and cesei►edule the paymenta on, the debt evidenced by the note or any indebtednens to the Govemment aecured ,
<br /> •,i��<<;;;�.:�:�`,'t;. " by this instrusnmt, (d) relea�c Any Qarty who is liab]e under the note or for the de�t from liability to the Government, ��'•�s{;:�rj iR`.1.,..•;- '' �-
<br /> ,�;:,,,d��"•' ...:.,� �;.:
<br /> . .' .���.•.;; ':��'� ' (e)release porpons of the praperry and subordinate ias lien, and(f)waive any other o�F ita rights under this instrument.Any S�+a.,;.;,�,i r,..,:i;`�„. 4r�
<br /> '�'>'���:" ' � �t;• and aU thia can a�d will be done without affeccing the lien or t he priority o f t his i nstrument or B onower s or an y other i1,�• �:^,'r,���A�, ,��
<br /> . " ' , party's Iiability to the Government for payment of the note or debt secured by this instrument uoleas the Government says �:u,. ` , t• . •:,:+kat.,,-
<br /> ' ocherwi�e in wnting. HOWEVER, any forbearance by the Government-whether once or often-in exercising any right or '�).,; {S';�F_
<br /> ;.•rt:?';, remedy under this instrument,or otherwise afforded by aQplicable law,ahall not be a waiver of or preclude the exercise of ; , ��.�.`s;
<br /> ...� � .i'"�-
<br /> , ii. ,,�- any such right or remedy. � . :
<br /> •..{�,::.;�: (IS) !f at any time it shall appear to the Government that Botrower may be able to obtain a loan from a production � � . •.�
<br /> �•- eredit assoeiation,a Federal land bank,or other reaponaible cooperadve oc private eredit aource,at reasonable rates and terms � -�.�s�"`""`�
<br /> ::,:�r,r for loans for similar purposes and periods of time,Borrower will,upon the Government's request,apply for and accept such � � j ��t,.
<br /> >- • � loan in euffuient amount to pay the naee and any indebtedneas secured hereby and to pay for any etock necesaary to be ( .� �j� �F�..,:',.;,,
<br /> . '�� � purehsued in a doapttative lendirrg agency in connoeiiui�wiih such laan. -- -�� ,
<br /> ,;l!•s.;., ( '•st�. �
<br /> ,`, ,;, . (16) Default hereunder ahall constitute default under any other real eatate,or under aay personal property or other, .:r�:.,h_,
<br /> � � aecurity instrument held or insured by the Government and executed or assumed by Borrower,and default under any such � s - �{;;�: �
<br /> / other security inatrument shall constitute default hereunder. � ' ,ts�`'�.„� �
<br /> ' �. �t (17) Borrower further Agrees that the loan(s)secured by this instrument wil] be in default ahould any loan proceeds . � :� t1,;
<br /> �I.�� � be used for a Qurpose that will tontributc to excessive erosion of highly erodible land or to the conversion of wetlands to � � ,J
<br /> � produco an agncultural cornmodity,as further explained in 7 CFR Part 194p,Subpart G,Ex hibit M. �� � �"i.��": �Y�,`
<br /> (18) SHOULD D£FAULT occur in the performance or d'ucharge of any obligation in this instrument or secuced by � . ,'�����
<br /> this insuument,or should the paztics namcd as Borrowcr die or bc declared an incompetent,or shouId any one of the parcies ;�'��.'`'� �
<br /> named as Borrower be discharged in bankruptcy or declared an insolvent or make an assignment for ehe benefit of creditors, :.
<br /> the Government, at its option, with or without notice,rnay: (a)declare the entire amount unpaid under the note�nd any ��•,. �
<br /> �' indebtedness to the Government hereby secured immediacely due and payable,(b)for the account of Aurrower incur and pay �3_
<br /> ,:�:,' �,i:�,,�,,,. reasonable expenses for re pair or maintenance of and take possession of,operate or rent the property,(e)apon application
<br /> . ; .i by it and production of this insteument,without other evidence and without notice of heazing of said applic�tion,have a ~ '�"� ;�
<br /> ' •'•' -,1;, teceiver appointed for the property,with the usual powers of receivers in like cases,(d)foreclose this inatrument as provided �- �.'�;�
<br /> herein or by law,and(e)cnforce any and a11 other rights and remedics provided herein or by present or future law.
<br /> j` (19) Thc praeeds of foreclosure salc shall bc applied in the following order to the payment of: (a)costs and expenses ,�.' _ ���yti.'
<br /> • incident to mforcing or complying with the provisions heteof,(b)any prior liens required by law or a com etent court to be " '•
<br /> p ,�:,. ..
<br /> so paid, (c) the debt evidenced by the note and aU indebtedness to the Government ucured hereby, (d)inferior liens of �;""__
<br /> record rec�uired by law or a competent court to be so paid, (e)at the Government's option,any other indebtedness of Bor• ��,�f�
<br /> ru�ver owmg to or insured by the Govetnmcnt, and (f) any balance to Bonower. At foreclosure or other sale of all or any :�:'�,•�;
<br /> part of thc property, the Government and its agents may bid and purchasc as a strangcr and may pay thc Govcrn�nen�'s share Z:;;�
<br /> `, of the purchase price by crediting sucfi amount on any debts of Borrower owing to or insured by the Government, in the :�;,
<br /> � '. order presaibed above. '`w
<br /> (20) Boaowcr agrecs that the Governmcnt will not bc bound b� any present or futurc State law.(a)providing for ���
<br /> , ' valuation,appraisal, homestead or exemption of the property, (b) prohibiring maintenance of an action for a deficiency
<br /> � ,' judgment or limiting the amount thereof or the time within whieh such action mu5t be brought, (c)prescribin�any other ,. �i_'
<br /> ;,1' ;r staiuce of limitations. (d) allowing any right of rrdcmption or posscssion followinw rny Coreclosure sale, or (el �l�ciring che .
<br /> ��I.`;�1,•;��`�.'�; .' conditions which the Government inay bv regulation impose, mcluding the interest nte it may charge,as a condition of � �
<br /> � ' �' ' approving a transfer of the propect} to a new Borrower. Borrower expressly waives the benefic of any sueh Stote laws.
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