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tiJ-- 005581 <br />(6; To use the loan evidenced by the note solely for purposes authorized by the Government. <br />(7) To pay when due all taxes, liens, judgments, encumbrances, and assessments lawfully attaching to or assessed <br />against the property, including all charges and assessments in connection with water, water rights, and water stock pertaining <br />described above, and all taxes and assessments levied upon this <br />to or reasonably necessary to the use of the real property <br />indebtedness hereby secured or against any legal holder hereof or of the note or of said in- <br />mortgage or the note or any <br />debtedness under the laws of Nebraska, and promptly deliver to the Government without demand receipts evidencing such <br />payments, <br />(8) To keep the property insured as required by and under insurance policies approved by the Government and, at <br />its request, to deliver such policies to the Government, <br />(9) To maintain improvements in good repair and make repairs required by the Government: operate the property <br />in a good and huslrandmanlike manner: comply with such farm conservation practices and farm and home management plans <br />as the Government from time to time may prescribe: and not to abandon the property, or cause or permit waste. lessening or <br />impairment of the security covered hereby, or, without the written consent of the Government, cut, remove, or lease any <br />timber, gravel, oil, gas, coal. or other minerals except as may be necessary for ordinary domestic purposes. <br />(10) To comply with all laws, ordinances, and regulations affecting the property. <br />(11) To pay or reimburse the Government for expenses reasonably necessary or incidental to the protection of the lien <br />and priority hereof and to the enforcement of or the compliance with the provisions hereof and of the note and any supple- <br />mentary agreement Iwhether before or after default'!, including but not limited to costs of evidence of title to and survey of <br />the property, costs of recording this and other insttunlents, attorneys' fees, trustees' fees, court costs, and expenses of adver- <br />rising, selling and conveying the property. <br />( 12) Neither the property not any portion thereof or interest therein shall be leased, assigned, sold, transferred, or <br />encumbered voluntarily or Otherwise, without the written consent of the Government. The Government shall have the sole <br />and exclusive rights as mortgagee hereunder, including but not limited to the power to ganr consents, partierI releases, sub - <br />Tien benefits <br />ordinations, and satisfaction, and no insured holder shall have arty rights, title or interest i I or to the or any <br />hereof. <br />13; At all reasonable times the Government and its agents may inspect the property to ascertain whether the cov- <br />enants and agreements contained herein or in any supplementary agreement are being performed. <br />t 141 The Government may ';al extend or defer rile maturity of, and renew and reschedule the payments on, the debt <br />evidenced by thr note or any indebtedness to the government secured by this instrument, (b) release any arty who is <br />liable under the note or for the debt trout liability to the Government, (c) release portions of the property ant subordinate <br />its lien, and ;(tl; waive any other ui Its nwhts under this instrument. Ary and all this can and will be done without affecting <br />the hen or the priority of this instrument or Borrower's ur any other party's liability to the Government for payment of the <br />note or debt secured by this instrument unless the Government says otherwise in writing. HOWEVER., any forbearance by <br />rile Government- whether once or often -in exercising any right or remedy under this instrument, or otherwise afforded by <br />Applicable law, shall not be a waiver of or preclude the cxcrclse of .,n-; such right or remedy. <br />(1 S If at any time it shall ap ,car to tile Government that Burrower may lie able to obtain a loan from a production <br />credit association, i Federal land I , nr other responsible cooperative or private credit source, at reasonable rates and terms <br />for loans for similar putposeS and periods of rune, Borrower will, upon the government's requrst, apply for and accept such <br />loan in sufficient amount to pay the note and any indebtedness secured hereby anti to pay for any stuck necessary to be <br />purchased in a cooperative iendnig agency in omnection with such loan. <br />16; Default hereunder shall constuutc default under any other real estate, or :coder any personal property or other. <br />sei itrt -y tt tstrument held or vut.red i'v the i.-- crnntcnt ..lid executed or assumed by BPrrlw Cr, and default under any such <br />,thrr srcuril5 Instrument shall t "m taste• .ict.cult hereunder <br />17'. S14WID ttf FAtl " .lour in rite perforniance or disth;rge :,f any <,hligation in this instrument or secured by <br />this instrutme ill. .IT sit „old the parricv nann,l as i;orrnwrr lie cr be declared in incompetent. or should any cite of rile parties <br />earned as Borrower be declared a I'Ankrirpt. ,v :nt ututiveut ''r make in .tv.signuient 1)r t:c b:•ne•fit of creditors, the Govern <br />rnent. at its option, with or wuhout notrcc. may 'I! declare the entire Amount unpaid under rite note and any indebtedness <br />to the Governrncm hereby sccurcif nc.itatcly thic and pavaide, 1:; tot the account of Borrower incur and pay reasonable <br />rxpcnses for repair '>r MAm:e•na11,C It anti take possession ,,f. operate r,r rent ere propert}, 'c, upon application by it and <br />production •:,f this insuonrent without other evidence and without notice of nearing of rid application. have a receiver <br />Appointed fo: the pr,perlc, svttf, rile Tolial powers of receivers in like cases. 3! foreclose this instrument is provided herein <br />of by law, and tvi enforcr any and all other rights and rernedies proytded herein or by present r,r future law_ <br />IA; The proceeds ot foreclosure sale Shall be applied In the following older to the pavtnent of al costs and expenses <br />incident to entorcing or conipl) mg with the provisions bedcot.'bl any prior liens required by law or a Coll) etent court to Ix <br />so paid. (c; the drbt evidenced by the note and all IlldebtednC%s to the government secured hereby, (t inferior liens of <br />record requard by law or s competent ourt to lie so pull, e; At the Gcvernnent's option, arm other indebtedness of Bor <br />rower owing, to or insured by rite Governmrnt. and f', any balance to Itorr,wer At foreclosure or other sale „f all or anv <br />part of the ppro } >rrty, the Goverment 11111 its a cn;s emery bill anti purchase .Is .I stranger and may pay tie Government's share <br />of the puit A— prk'e by crediting such amount on any debts (it fforn,wer )wine v, or Insured by the (ovrrnnu•nt, to the <br />order prexrilsaii above. <br />19) Botrowrr Agrecs that the government will nor be bound by anv preunt <,, future State law. :A, providugt f)t <br />valuaenrt, Appraisal, nornesread or exennption of the proem -'b'; pr,.,lnbiting maintenance of in action for a deficient % <br />judKinent or limiting the amount thereof or the time within which such action must be brought, !c) pied ribing .In% Other <br />statute of litnitatktns. Id) Allowing any right of redemption Or possession following any tgreCIOSmrC sale..,, Vi innitin,; the <br />crniditians oils it the Government may by rrguletinn impose, nicluding the interest rare It may .hlrge, .es a conduton "f <br />approving .t tratisfet "t th- nruprrty I„ .t new Borrower B(ort —vt v%fvrvslly wAiveS the f,ertefit „r ally soeh ``rate I1w< <br />t` <br />Y +� <br />