|
<br />I
<br />
<br />
<br />L
<br />
<br />
<br />84 ......
<br />
<br />006853
<br />
<br />cA'')
<br />
<br />(6) To use the loan evidenced by the note solely for purpoaes authorized by the Government.
<br />(7) To pay when due all taxes, liens, judgments, encumbrances, and _~nts lawfully attachina to or ..-..ed
<br />"Pinst the ~peity, including all charges and assessments in connection with water, water rights, aad water Stock JlC"..... ain. ,N...
<br />
<br />:~~t'l:! =:~~o ~~b':~~~e:tyP:ru:e~ ~~= -:;~d h~:~..:1 =:r:::=: :t:..._. :,'...dtii.'..,."'".'i
<br />
<br />debtewss under the laws of Nebraska, and promptly delMr to the GovernmMt without demaad m:dpta .~...
<br />payment.. >> ._
<br />(Il) To keep the propeny insured as required by and under insurance pdicies approwed by the ~Il m:.>\.'~..'........>. at... .
<br />its request, to deliver sw:h policies to the ~nment..> '\,> , .
<br />(9) To maintain improvements in good repair and make repairs required by the GovernmMt; CIJlf""the
<br />in a good and husbandnwdike manner; comply with such farm conservation practices aad fann aad home
<br />as the Gowmment from time to time may prescribe; and not to abandon the property, orcausc orpermit__,
<br />impairment of the security covered hereby, or, without the written consent of the Gowrnment, cut, _ove, or
<br />timber, gravel, oil, gas, coal. or other minerals except as may be nece......y for ormuy domestic purp_
<br />(10) To comply with all laws, ordlnant:cs, and regulations affec:ting tbe property.
<br />(II) To pay ortcimburse the Gowrnment for expenses reasonably nccessay or incidental to the protection oEtheliea
<br />and priority hereof and to the enforcement of or the compliance with the provisions hereof ami at the JlGte amI..y ......-
<br />mentary agreement (whether before or after default), including but not limited to costs of cridcace of tide to amI_yoE
<br />the propeny, costs of recording this and other instrumenu. attorneys' fees. trustec:s' fees, court costa, aad espemaoE adftr-
<br />tising, selling and conveying the property. . .
<br />(12) Neither the property nor any portion thereof or interest therein shall be l_d, aHiped, sold, traRsferrH, or
<br />encumbered voluntarily or otherwise, without the written consent of the Government. The Goftmment shall a- the .ole
<br />and exclusive rilthu as mortgagee hereunder. including but not limited to the power to grant CORleftts, plnial reIe-. __
<br />ordinations. anJ satisfaction. and no insured holder shall have any righu, tide or interat in or to the lien ex any bene6ts
<br />hereof.
<br />(13) At all reasonable times the Government and its agenu may inspect the propctty to uc:ertain wllctlacr the coy-
<br />enanu and agreements contained herein or in any supplementuy "Ifeement are being perfurmed.
<br />(14) The Government may (a) extend or defer the marurity of. and renew and reschedule the payments on. the debt
<br />evidenced by the note or any indebtedness to the Government secured by this instrument, (b) release any p8rty who is
<br />liable under the note or for the deht from liability to the Government, (c) release portions of the property and subcwclillate
<br />its lien. and (d) waive any other of its rights under this instrument. Any and all this can and will be done withOllt affec:tiac
<br />the lien or the priority of t~i~ instrument or Borrower's or any other party's.li~ility ~~ the Gowl1UllClnt ~ payment of the
<br />note or debt secured by th15 mstrumenl.3l.nI<:.s...th..--Cc_ln<!nt-""J'r<>tI,,;n".,,-nrwrllillj!-1fOWEVE~any lorbcar&iiCe by
<br />the 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 exercise of any such right or remedy.
<br />(15) If at any time it shall appear to the Government that Bonower may be able to obtain a loan from a production
<br />credit asooc:iation. a Federal land bank. or other responsible co"perative or private credit source, at reasonable rates and terms
<br />for loan. for similar purposes and periods of time. BorTower will. upon the Government's request, apply f.". and accept such
<br />loan in suffICient amount to pay Ihe note and any indebtedne.. secured hereby and to pay for any stock neceSSllfY to be
<br />purchased in a cooperative lending agency in connection with such loan.
<br />(16) Default hereunder shall constitute default under any other real estate. or under any personal propcny or other,
<br />security instrument held or insured by the Government and executed or assumed by Borrower, and default under any such
<br />other security instrument shall constitute default hereunder_
<br />(17) SHOULD DEF AUL T occur in the performance or discharge of any obligation in this instrument or secured by
<br />this instrument. or should thelanies named as Borrower die or be declared an incompetent, or should anyone of the parties
<br />named as BOtTower be declare a bankrupt, or an insolvent or make an assignment for the benefit of creditors, the Govern.
<br />ment, at its option. with or without notice. may: (a) declare the entire amoum unpaid under the note and any indebted_
<br />to the Government hereby secured immediately due and payable. (b) for the account of Borrower incur and pay reasonable
<br />expenses for repair or maintenance of and take possession of. operate or rent the property, (c) upon ~plication by it and
<br />production of this instrument. without other evidence and without notice of hearing of said ~plication. haw a receiver
<br />appointed for the proper.y, with the usual powers of receivers in like cases, (d) foreclose this instrument as provided hffein
<br />or by law. and Ie) enforce any and all other rights and remedies provided herein or by present or future law.
<br />(18) The proceeds of foreclosure sale shall be applied in the following order to the payment of: (a) casu and expellses
<br />iacideRt to enforcing or complying with the provisions hereof. (b) any prior liens requin:d by law or a competent court to be
<br />so paid. (c) the debt evidenced by the note and all indebtedness to the Government secured hereby. (d) imerim liens of
<br />record required b). lAW or A competent court to be so paid. (e) At the Government's option. iUly other indebtedness of 8or.
<br />rOwer owing to Or insured by the Government, and (I) any balance ro Borrower _ At foreclosure or other sale of all or anv
<br />part of the propert!. the Gowrnment and its agents may bid and purchase as a stranger and may pay the Government's shar~
<br />of tite purchaae pnce by crediting such amount on any debts of Borrower owing to or insured by the Government. in the
<br />order prescribed aboft.
<br />(19) 8~ .gees that Ii,., Government will not be bound by any present or (uture State I.w. (a) providill!! for
<br />~ti<>n. ~, homestead or exemrtion of ~he p~~rty. ~b) prohibit!"g maintenance of an ACtion fot a defiClell'"
<br />~..t or Iimitintl the amount thereo or the tune within whICh such action must be brought. (c1 preocribintJ; Any other
<br />statute of limitations. (d) allowill!! .any riltht of redemption or possession following any foreclosure sale. OJr (e) limiting the
<br />conditions which the Government may by regulation impose. indudinf( Ihe interest ratc it may charge. AS . condition of
<br />approving a tra".fer of the property to a new Borrower, Borrower e.pressly waives the l~nelit of .nv SUdl State bw..
<br />
<br />L
<br />
<br />L
<br />
<br />~
<br />
<br />..J
<br />
<br />I
<br />
<br />~
<br />
|