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<br /> � .� (9) To maintain improvemenu in good repair and mafce repairs required by iGe Govesnmeet;operate t6e property ""'r
<br /> , � iri a good and I►usbandmanli&e manner;comply witb such farm tonservadoa praetices and fazm aad fiome management plans � •. z.�,�,. '��
<br /> . �. .� ... .as the Govemment froin time to time may prescribe;and noc to abandon the property,or cause or permit waste,leucning or . ��t :,�T��f�__ _
<br /> � impairment of the sewricy covered 6ere8y,or,withoue che v�riuen conseat of the Goveenment,cnG remove.or lease any Y '� �� _
<br /> '� , timber,gravel,os�.gas.caat.or ott�er minesals exeept as may be neeessary for ordinary domestic purposes. + �'� _ -
<br /> . .. ' (10) To comply with all laws,ord'mances.and regnlations affectaig tfie proPerty ' �f k� — � _
<br /> . (11) To�ay or reimburse the Government for expenses reasonably neeessary or inddental to the proiettian of che lien -_-
<br /> and priority hereof and to t6e enfoscement of or the compliance arith the provisions hereaf and of�be noteaad aay si�pple- � a._ �_ __..
<br /> ' mentary agreement(whether 6efore os after default),ine2uding but not limiud to casts of evidence of tide to and surve�of � '
<br /> • � . ._ , tGe�pmperry,tosts of cecordinp,this aad other insaumenu,attorneys'fees,uustees'fees,court casu,and eapeases of adver- ?.'�+F�.,__—�- ----
<br /> • . tising,selliag and conveying the property. ,. _ --
<br /> � (12) Except as otherwise provided 6y the Fazmers Home Administrstion regulaaons,neither the pcoperty nor any ?� '= _
<br /> • • ' ` ortion thereof or interest therein sha116e Ieased,assi ed.sold,transfeaed.or encumbecea votuntaril or otherwise,withouc r�-"
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<br /> . : � che wrFtten conseat of ttie Gavernment. 'fhe Government shall t�ave the sole and eact�sivengb ts as mortgagee here�nder,
<br /> ',', � including but not limize�to rhe power co grant conseats�partial rcleasea, subordinattons,an d satlsfaction,and no insured ���
<br /> ' ' holder s6a11 have any ri�'�,dde or interest in or to t�e�ien or any benefits hereof. �•:��
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<br /> <.. ---- {13j.. �:��,3��-WIIes�iliC-���*ov4[nmea¢-and its-age�tsmay mspect the property�to ascertain n�-.+t�terthetav-... .._._.... ...= �=A---
<br /> ��% � enants and cqg�ite[t�g•or m apy supplementary agreemeai are being performed. -__--
<br /> ` , .'� . • ' ' (l4) e vernmeBi&i€i/}4�'�' �.;ut the interest rate,payme�t,terms or balance due c�the loan,(b)inaease the .�+.'� -___-
<br /> ° � . • mortgage b}�an �.t�,�2Y�3'idt rest on the outstandu'�g principal balance,(c)extend or defes tlie maturity of, ;�� �--
<br /> . � . , ' and'renew a �otr;�e debt evidcnced by tiie note or aay indebtedaess to the Govemment secured �,�-�_�-
<br /> . • by this inmument. (d) re}ease any party who is tiable undcr the note or far the de6t from lia6ility to t6e Governmeni, ���
<br /> - , _- • � `r ;' • " (e)release portians of the progerty and su6ordinate i�s licn,and (f)waive any other of its rights under this instrument.Any r . "�'��
<br /> . � and all this can and will be done without affecting rhe lien or ehe priorify of this instrument or Bonowec's or any other • '-�
<br /> , ' : party's Iiabt�'ity to ths Govemment for payment of the note or debt secured by this instrument unkss tl�e Government says � �
<br /> • , . . otherwise in writing. HOWEVER,any forbearance by the Government-whether once or often-in exercisin�any right or �`�
<br /> �_ ._..._.__.., _._ : _ remedy under tbis instrument,or otherwise afforded 6y applicabie law,shall not 6c a waiver of or preelude the exerwse of ���-
<br /> ' � aay such right or:emedy. `..;,;� ___
<br /> ' • . . �� (3 5) If at any ame it shall appeaz to the Government that Horrower ma}�be able to obtain a toan fro.�a producdon . =
<br /> • esedit association,a Federal land ban&,or other responsible cooperadve or private credit source,at reazonable rates and terms . � � --
<br /> . , _ for loans for sim il a r pusposes an d pers�s of time.Bosower xti l l,upon the Government's request,apply for and aecept such • '.—
<br /> :. : „ loan in suffuient amount to pay ti:e rote and any indebtedness securcd heteby and to pay far any stock necessazy to be '�',Y:
<br /> . f, --� --- -- purchased in a cooperarive tendu�g ag2r.ty in connection witb such loan. '`• _
<br /> ' (16) Default hereunder shall equstitute default undcr any other rral estatc,or under any personal property or other. ' , • � ''�==`
<br /> , ' secuxity instrument hetd or insured by the Govemment and executed or assumed by Borrower,and default under any such � � ,r L •� �,:.
<br /> � oiher security insttument shall eonsrirute default hereunder. '.`'' -__
<br /> :�,`� � � ' (l7 Bonower further ageea that the loan(s)secured by this iastrument will be in default should any loan proceeds � � �.�*'-Y-'
<br /> 6e used �or a purpose that will eontribute ta eacessive erosion of hi�hly erodible land or to the eonversion of wetlands to " �� � -�{
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<br />_ �• . . . produce an ag3cuimral commodity.as further exptained in i CFR Part f 940,Subpart G.Exhibit M. ;..{�._ _ ��`-
<br /> � � ]8 SHOULD IDEFAULT oceur in the crfarmance or discharge of an abli tton in ihis instrument or secured b �+,�
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<br /> �, }' ,,Y_ this imm�ment,or shov'd the pazties named as Bosrower dte or be declared an incompetent,or should any one of the parttes `,.;.��'.��_�a.
<br /> named as Boaower be discharged in bankruptry or declared an insoivent or make an assignment for the benefit of creditors, '`�
<br />= .'�- �• � . the Government. at its option,�vith or c�ithout notice,may:(a) declare the entire amount unpaid under the notc and any •"�.�- �v
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<br /> � indebtedness to the Govetnment hereGp secured immediately due and paya6le,(isj for the acco.ai of Bonower incur and pay �� y;�.t '.,•�,�y ---
<br /> ' • reasono61e expense�for repair or maintenance of and takc possession of,operate or rent the property,(c)upon applicarion � .�Y,..:.•
<br /> . . , � � by ic and produetion of chb insuument.without other evidenec and without notice of hearing of sa3d appliwtion.have a -
<br />- � � receieer appointed for t.t:e pcoperty. with the usual powers of receivers in like cas:s,(d)foreclose this instrument as provided ��• `:�t_.;�
<br /> `� , hcrcin os by law.and(c)enforce any and all other rights and remedies provided herein or by ptescnt or futurc law. " ' �� � . �
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<br /> ` ,� �: � " , ( 9) The praeeds of foreclosure sale shall bc applied in the fo_lowing ordcr to thc paymeni of:(a)cosu and expenses i .
<br /> ;,'• ` . • intident to enforeing or complying with the provisions hercof(b)any pdor Iiens required by law ar a comPecent eourt to be �� - � ' •'�
<br /> � so paid. (c} the debt evidenced by the note and a11 indebtedness to the Government seeured hereby, (d)inferiur liens of
<br /> �.t • , °. record required by law or a competent court to be so paid, (c)at the Government's option,any other indebcedness of Bor- • {
<br /> =1r'�' . rower owing to or insueed by the Government,and(f)any 6alance to Botrower.Rt forcelosure or other sa!e of all or any � ;
<br /> i �� � patc of the property, the Gavernment and iu agents may bid and purchase as a stranger and may pay the Gpyc:ament's sharc �. . . � '
<br /> ' ' � ' of rhe purcbase prtce by aediting such amount on any debts of Borrower owing to or insured by the Govemment,in the . . ''�, �;
<br /> ' • order prescribed above. � � � � �,
<br /> -� ,�. • , (20j Bortowa agees that tRe Gavemmcnt wil) not be 6ound by any present or future State law. (a)providing for �.
<br /> ' - . . � ' valuation,appraisal,homeatead or exemption of the property. (b)prohibidng maintenance of an action for a deficiertcy . �
<br /> judgment or limiting the amount thereof o?the time within which such aetion must be brou�ht. (c)prescribieg any other ' . �x�
<br /> � , statute of limitations. (�'}allowing any right of redemption or possession follovvi:.g any forcc osure sa1e,or(e)limiting ehe .• �;'
<br /> _• ''�:. � , , condidons which the Govemment may by regulation impose, including the,interest tate it may charge,as a condition of •
<br /> ; � _ . . . approving a transfer of the property to a new Borcower. Borrowes expressly waivts the 6ene�it of any such State laws. . •: ��
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