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88- 106893 (6) To Use the loan cvidc~cctl h.., the nOle solely fIn purpmcs aulitnrized by tile Government. (7) To pll}' when due nIl tues, liens, judgmclHs, encumbnUlcn. and i1nC~5mCnn Inwfully attaching to or aasc5Ilcd ilSainst the prof,crtY1 including all charges nnd assessments in cOl1n~ctinl1 with water, water rightll, and water stock pcrtnlnlng to or rcasonllb y necessary to the ulie of the rcal property described above, and all taxes and IlS5CS5fficnts levied upon this mortp;llgc or the note or any indcbtcdncSl hereby secured or Ilg11inJt any legal hnlder hereof or of the note or of HMd in. debtedness under the laws of Nebraska, Ilnd promptly deliver to tile Government widlout demand receipts evidencing such payments. (8) To keep the property insured as required by and under insurance policies approved by the Government and, It its request, to Jelivcr IUch polici:s to the Government. (9) To maintain improvemen'~s in good repair and make repairs required by the Government; operate the property in a good and husbandmanllkc manner; comply with such f4lrm conservation practices and farm and home management plans as the Government from time to time may prescribe; and not to abandon the property, or cause or permit waste, ledening or impainnent of the security covered hereby, or, without the written coment of the Governm~nt, cut, remove, or lease any timber, gravel, oil, gas, coal, or other mUlI:nls except as may be necessary for ordinary domestic purposes. (10) To comply with all laws, ordinances, and regulations affl~cting the property. (11/ To payor reimburse the Government for expenses reasonably necessary or incidental to the protection of the lien and prior ty hereof and to the enforcement of or the compliance with the provisions hereof and of the note and any supple~ mentary agreement (whether befofl~: or after default), includin~ but not limited to costs of evidence of title to and survey of the property, costs of recording this and other instruments, attorneys' fees, trustees' fees, court costs, and expenses of adver- tising, selling and conveying the property. (12) Except as otherwise provided by the Farmers Home Administration regulations, neither the property nor any portion thereof or interest therein shall be leased, assigned, sold, transferred, or encumbered voluntarily or otherwise, without the written consent of the Government. The Government shall have the sole and exclusive rlW1ts as mortgagee hereunder, including but not limited to the power to grant consents, partial releases. subordinations, and satisfaction, and no insured holder shall have any rights, title or interest in or to the lien or any benefits hereof. (13) At all re2sonable times the Government and its agents may inspect the property to ascertain whether the cov- enants an(l ~greements contained herein or in any supplementary agreement are being performed. (14) The Government may (a) extend or defer the maturity of, and renew and reschedule the payments on. the debt evidenced by the note or any indebtedness to the Government secured by this instrument, (b) release any/arty who is liable under the note or for the debt from liability to the Government, (c) release portions of the property an subordinate its lien, and (d) waive any other of its rights under this instrwncnt. Any and all this can and will be done without affecting the lien or the priority of this instrument or Borrower's or any other party's liability to the Government for payment of the note or debt secured by this instrument unless the Government says otherwise in writing. HOWEVER, any forbearance by the Government-whether once or often-in exercising any right or remedy under this instrument, or otherwise afforded by applicable law. shall not be a waiver of or preclude the exercise of any such right or remedy. (15) If at OlDY time it shall appear to the Government that Borrower may be able to obtain a loan from a production credit association, a Federal land bank, or other responsible cooperativ~ or private credit source. at reasonable rates and terms for loans for similar purposcs and periods of time, Borrower will, upon the Government's request, apply for and accept such loan in sufficient amount to pay the note and any indebtedness secured hereby and to pay for any stock necessary to he purchased in a cooperative lending agency in connection with such loan. (16) Default hereunder shall constitute default under any other real estate, or under any personal property or other, security instrllment held or inlllrcd by the Govt:rnment and excr;utcd or ali:iumed by Borrower. and default under .:my such other security instrument shall constitute default hereunder. (17) SHOULD DEFAULT occur in the performance or discharge of any obligation in this instrument or sl:cured by this instrument, ur should the parties named as Borrower die or be declared an incompetent, or should anyone of the parties named as Borrower be discharged in bankruptcy or declared an insolvent or make an assignment for the benefit of creditors, the Government, at its option, with or without notice, may: (a) declare the entire amount unpaid under the note and any indebtedness to the Government hereby secured immediately due and payable, (h) for the account of Borrower incur .and pay reasonable expenses for repair or maintenance of and take possession of, operate or rent the property, (c) upon application by it and production of tbis instrument, without other evidence and without notice of hearing of said application, have a receiver appointed for the property, with the usual powers of receivers in like cases, (d) foreclose this instrwnent as provided herein or by law, .and (c) enforce any and all other rights and remedies provided herein or by present or future law. (18) The proceedl of foreclosure sale shall be applied in the following order to the pa.yment of: (a) ,costs and expenses incident to enforcing or complying with the provisions hereof, {b} any prior liens required by law or a competent court to be so paid, (c) the debt evidenced by the note il..'ld all indebtedness to the Government secured herehy, (d) inferior liens of record re~uired by law or a competent cOUrt to be so paid, (e) at the Government's option, any other indebtedness of Bor- rower owmg to or insured by the Government, and (C) any balance to Borrower. At foreclosure or other sale of all or any part of the property, the Government and its agents may bid and purchase as a stranger and may pay the Government's share of the purchase price by crediting such amount on any debts of Borrower owing to or insured by tlte Government, in the order prescribed ~bove. (19) Borrower agrees that the Government wID not be bound by any prcsent or future Sute law, (a) providing for valuation, appraisal, homestead or exemption of the ,property, (b) prohibiting maintenance of an action for a deficiency judgment or limiting the ilDlount thereof or the time within which such action must be brought, (c) prescribing any other statute of limitations, (d) allowing any r4tht of redemption or possession following any foreclosure sale, or (c) limiting the conditions which the: Government may by regulation impose, including the interest rate it may charge, as a condition of approving a transfer of the pruperty to a new Borrower. Borrower expressly waivcs the benefit of any such State laws.