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<br /> (9) 'ft'o m�+luwln I�nIirovcmcnte fn q��od repair nt►d maltc rcpaire rcyulrcd by d�c Gnvcrtuncnti operntc thc E�eaperty
<br />' In o [}ooi!nnd hueb�ndmnnlikc mnnncr�eomply wid�euch f�rm conccrv�dcro prncticca and farm and hamc manaaemcnt pli�un
<br />- ' � ns the Covcrnmcnt from tfine to tlmc mny prcscribc;and not ta nbandmi thc proprrty,or enuee or pennit wustc,Icssenh�a or
<br />– --,-„�,cr.:zl �ti '; Itrtpt�irment af the ceeurlty covered hereby,or,vAthout ehe �vrltten cantent of the Govemment, eut, remove,ar Icase nny
<br /> .�'�.�:,�.__�,;:_��� . tfmbar,grovcl,all,gue,caal,or othcr minernln exccpt ns mny bc nr.cessary for ordinAry domcetic purposca.
<br /> ' -� . (10) To comply with all lav�s,ordinanccs,and roQuladons affecting thc property.
<br /> '-''"'_:�� �� �.�n.:••' (]1 To pay or reimburae the Government for expenees reaaonably necessary or incidc�tal to the protectian of the lien
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<br />-- - ••��^ �' and rtor�t heer,of and to the enforcement of or the compliance with the providons hereof and of the note and any supple• •,A,..
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<br />-- � inentary agrcement (wl�etF�er beforc or aftcr defoult),including but not Iimited to costs of cvidcncc of title to and survcy of
<br />--== •��v;�•�_; .,.,:..'.�.;,. ..: ehe property.coste of recording this and other instrumcnte,attorneys'fees,truetees'fees,coure costa,and expensee of adver• • .,
<br />��'�='��" `' ` ' tising,scllin�and convcying thc�roperty. �=�
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<br /> ' �-° :� (12) Except as otherv�ise pravided by the Fa�mers Home Administratlon cegulations,neither the property nor any .
<br /> : - �'�.�"�� portion thereof ar intcrest thcrein shall bc leased,assigned,sold,transfcrrcd,or encumbcred voluntadly or othcrwisc, without '_.�:,
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<br /> y.�..r .t= �:�,�.J,': ..'. � �f1C wrttten conaent of thc Govcrnmcnt. The Goveniment shall havc thc solc and exclusivc rights as mortgagee hercundee, .;��_
<br /> --r'`��°�, -� ' �+= t� including but not limited to the power to grant consents,partial releazes,subordinations,and satisfaction, and no ineured •;*''
<br />_"_;'�'•"'�� � _ h oldcr sh�ll havc any rights,title ot interest in ar to the lien or any beneHts hcreof. �'";�;�
<br /> ''` ° (13) At all reasonable times the G�vernment and tts agents may inspeet the property to ascertain whether the cov- �=:
<br /> i ` ' cnu►ts and agrccment�contalned hercin or in any supplemencary a�rcement arc bcing performed. �';,w
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<br /> ': :,,;•;;;; .:;y,-;;,Y',' " (141 Th R,y���+'�����J]'ust thc intcrest ratc,payment,tcrms or balancc duc on thc loan, (b) incrcasc thc �
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<br /> :.r�,,;; .., ��J;,°s;;y�- mortgage by a a nt eq �ntcrest on the outstandin principal balance,(c) extend or defer thc mnturiry of,
<br /> _ ..,..t•�•'..;;,;..'...�?�°,: and renew and.resc �t�If,�,O„tho debt evidenced by t e note or any[ndebtednces to the Governrrient secured
<br /> "`�'�- �s';;:':��r''��' � by this lnstru �se oaee�eny++porty who is 1{ablc under the notc or for the debt from liability to thc Govertiment, _
<br /> �`-s�4�s,;i;�.�;;`„''�.;!,,�~;�} (e)rclease porNons of the property and subordlnatc its lien, and(f)w�ive any other of ita rights under this instrum�nt.Any --
<br /> -' ` " and aU thia can and �vill bc donc wichout affccting thc lien or che priority �f this instrumcnt or iiorrower a or a ny other
<br /> '. party's liabiliry to the Govcrnmcnt for payment of thc nnte or debt secured by this instrument unless thc Government saye �
<br /> ";�;:t;:.`•. "'�""�""`��� otherwise in writ{n HOWEVER, any forbearance 6y the Government–whether once or often–in exercising any right or
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<br /> � 'y;:•• remedy undet this instrument,or otherwise a3forded by appllcable law,�shall not be a waivcr of or preclude the exercise of
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<br />`;�,�u.; -- ;_:r;;.. :�.-:;,� any such right or remedy.
<br /> - ' (15) lf at any dmc it shall appear to thc Govcrnment that Borrawcr may bc ablc to obtain a loan from a prodaccion _
<br /> ' '-'``ti% ' • ' crcdit usociacion,a Fedcral land bank,or�thcr rcsponsible cooperadve or privatc credit source,at rcasonuble rates and tecme
<br /> h •"�'�':�Y • for loa�a foz similar purposes and periods of time, Borrower will,upon the GovernmenPs reyuest,apply for and accept sur.h __
<br /> {"`��;� '�'� "� � loan in cufficient amount to pay the note and any indebtedness secured hereby and to puy for any stock neccasary to be
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<br /> ".�;�:• purchesed in a coaperative Iending agency in connection with su�h loan.
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<br /> _�_.,__;;_,,;,,_ ' ;;'::,_� (l6) Default hcreundcr shall constitutc default unde,rj any other rcal estate,or undcr any persona property or ot er,
<br />� �+°`�� � � ...{��% scce�tity instrumcnt hcid or msured by tnc i,ovcrmncui Ai�LL GAGL11L1:Y u7 d'a5uii:Cu v�P.::.:.^.::�:�o:i�.'�L�o��:»:1L�t: ::Sj:L'L�' - -
<br /> "'',;; ';'.',•°``:'•_' •,�' �•', other security instrument shall constitute default hereunder.
<br /> � ';'•;i,' (17) Borrower further a�rees that the loen(s)sccured by this inatrument will bc in dsfault should any loan praceds
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<br /> be used for a�urpose that will contribute to excessive erosion of highly erodible land or to the converston of weelands to
<br /> . �•`� produce an agncultural commodiry,aa further explained in 7 CFR Part]940,Subpart G,Exhib[t M.
<br /> � ' •� • (18) SHOULD DEFAULT occur in the performance or discharge of any obligation in this instrument or seeureJ by
<br /> � this insaument, or should tlic partics named as eorrower die or be declared an ineompetent,or should any onc of thc putie�
<br /> _; _, named�i Bonower be diseharged in bankruptey or declared an inaolvent or make an nssignment for the benefit af creditore,
<br /> r� � � . . the Government, at its option, with or without noticc, may:(a}dcclarc thc entire amount unpaid undcr thc notc �nd any
<br /> ;� „ �_, _ ,� indebtedness t�che Governmenc hereby secured immediately due and payable,(6}for the aceount of Borrower ineur and pay
<br /> . _ ,,, rcason�l+le expensea for repalr or malutenance of and cake possession of,operate or rent thc properey,(ej ugon appliation _
<br /> � • • by it and�oroduetion of thi�instrument, withouc oeher evidence and without notice of hearing of said applicadon,have a —
<br /> ' " receiver�ppointed for the property,with the usual powen of receivers in like cases,(d)foreclose this inetrument nt provided
<br /> ^'`•-="�'� '�'�"•r'~�'•• hercln or by law,and(e)enforcc uny and aU othcr rights and remedics provided hcrctn or by present or iuturc law.
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<br /> ,.,.�„ ,,.:,,.. . (19) '19u procceds of foreclosure salc shall bc applicd in thc following order to thc payment of: (�)coets ond cxpcnsee –
<br /> ,a,,,,7,,__„., ,,,. ,,, "• incident to enfo�cing or complying with the provisiona bereof,(b)any prior Iiens required by law or a competent court to be
<br /> . _ so paid,(c) thc debe evidenccd by thc notc and all indebtedness to thc Government scceired hercby,(d)infcrior licns of _ _
<br /> ' . , �ecord re9uired by law or a competent court to be so paid, (e) at the Government's optlon,any other indebcednesa of Bor•
<br /> , ;� • '' rower ow�ng to or insured by thc Govcrnmcnc,and(f) any balancc to Borrowcr. At foreclosurc or othcr sale of aU or auy
<br /> ' • part of thc properry, thc Govcrnment ai�d its agents may bid and purchasc as a strangcr and.may pay thc Govcrnrnc nt'e aln�rc __
<br /> ' . of ¢he pure6ase priee by erediting such amount on any debts of Bonower owing to or insured by the Government,in the _
<br /> • ordcr prescri6ed abovc.
<br /> `�1`�°'`-- (20) Borrowcr agrccs that thc Governmcnt will not bc baund by any present or fumre Statc law, (a)providing for � __ _
<br /> r''�' v�luation, appraisal, homestead or exemption of the properry, (b) prohibiring maintenance of an action for a deficiency —
<br /> `,;s;�_��• judgment or limiting the amount thereof or the time �vithin wl�ich such action must be brought,(c)prescribing any other �--
<br /> ��.,,+. � � statutc of[imitations, (d) allowing any right of redcmprion or posscssion follo�ving any foreclosure salc. ur(c) limiang thc �=��
<br /> '`' • , condhions which the Government may by regulation impose, including the interesc rate it may charge,as a condicion of 6=�=.
<br /> ,. •� approving a hansfer of the property to a new Borrowcr.Borrowcr cxpressly waivcs the benefit of any sueh State lawa. r_.' F;-�-
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