<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 uusud
<br />againrt the pro ty, inclnding all chazgea and assessments in connecrion with water, water rights, and water stock pertaining
<br />to or rea~nab~t necessary to the use of the real property described above, and all rases and assessments levied u on this
<br />mortgage or the note or any indebtedness hereby secured or against any legal border hereof or of the note or ofpsaid in-
<br />debtedness under the taws of Nebraska, and promptly deliver to the Government without demand receipts evidencing such
<br />payments.
<br />{Sj To keep the proputy insured as requtred by and under insurance policies approved by the Government and, at
<br />ita 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 husbandmattlike manner; comply with such fazm conservation practices and fazm and home management plans
<br />u the-Governrmnt from time to time may prescribe; and not to abandon the property, or cause or permit waste, lesuning or
<br />ithpairment of the ucuri[} 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 u may be necessazy for ordinary domestic purposes.
<br />{10) To comply with all laws, ordinances, and regulations affecting the property.
<br />{llj To pay or reimburse the Government fur expenses reuonably necessuy or incidental to the protection of the lien
<br />and priority hereof and co the enforcement of or the compliance with the provisions hereof and of the note and any supple-
<br />mentary agreement (whether before or after default), including but not limited to costs of evidence'of title to and survey of
<br />the property, costs 6f recording this and other instruments, attorneys' fees, trustees' fees, court costs, and expenus of adver-
<br />tising, idling and conveying Ehe property.
<br />(12} Neither the property nar any portion thereof or interest therein shall 6e leased, usigned, sold, transferred, or
<br />encumbered voluntarily or otherwise, without the written consent of the Government. The Government shall have the sole
<br />and exclusive r~'ghts a mortgagee hereunder, including but not limited to the power to grant consents, pa~~ial releues, sub-
<br />ordinations, and satisfaction, and no insured holder shall have any rights, title or interest in or to the lien or any benefits
<br />hereoti,
<br />(13) At all reasonable times the Government and its agents may inspect [he property to ascertain whether the cov-
<br />enantsand agreements contained herein or in any supplementary agreement aze being performed
<br />(14 The Government may (a) extend or defer the maturity of, and renew and reschedule the payments on, the debt
<br />evidenced by the no[e or env indebtedness to the Government secured by this instrument, {b} release any pazty who is
<br />liable under the note or for t}me debt from liability to the Government, (c) release portions of the property and subordinate
<br />its lien, and (d) waive env other of its rights under this instrument. Any and all this can and will be done wichou't affecting
<br />the lien or the priority of this instrmen[ or $orrower's or 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 forbeazance by
<br />the Government-whether once or often-in exercising any right or remedy under [his instrtunent, or ocherwiu afforded by
<br />applicable law, shag not be a waiver of or preclude the oxerciu of any such right or remedy.
<br />{15) If at any time it shall appear to the Government that Borrower may be able to obtain a loan from a production
<br />credit association, a Federal land bank, or other responsible cooperative ur private credit source, at reasonable rates and terms
<br />for loans for similar purpous and periods of tune, Borrower will, upon the Government's request, apply for and accept such
<br />loan in sufficient amount to pay the note and any indebtedness secured hereb}' and to pay for any stock necessazy to be
<br />purchased m a cooperative lending agency in connection with such loan.
<br />r16) Default hereunder shall constitute default under any ether real estate, or under any personal property or other,
<br />security instrument held or insured by the Government and eaecutnd or assumed by Borrower, and default under any such
<br />other ucurity instrument shall constitute default hereunder.
<br />(17) SHOULD DEFAULT occur in the performance or discharge of any obligation in this instrument or secured by
<br />this instrumen4 ar should the parties named as Borrower die or be declazed an incompetent, or should any one of the parties
<br />narned as Borrower be declared 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 amount unpaid under the note and any indebtedness
<br />to the Governmene hereby ueured immediately due and payable, ! b` for the account of Borrower incur and pay reasonable
<br />expenus for repair or maintenance of and take possession of, apera[e or rent the property, (c) upon application by it and
<br />pmduccion of this instrument, without other evidence and without notice of hearing of said application, have a receiver
<br />appointed for the property, with the usual powers oC receivers in like cans, ;d) Coredou this instrument as provided herein
<br />or by law, and {e} enforce any and all ether rights and remedies provided herein or by present or future law.
<br />(18) The prcxeeds of foreclosure sale shall be applied in the following order to the payment aE: (a) costs and expenus
<br />incident to en{occing or complying with rho provisions hereof, (b) any prior liens required by law or a ~omppctent court to be
<br />so paid, (c} the debt evidenced by the note mtd all indebtedness to the Government ueured hereby, (d) infoaor lions of
<br />record required by law or a catnpecent coup to be so paid, (ei at the Government's option, any other indebtedness of Bor-
<br />rower owing to or insured by the Government, and (f~ any bajance to Borrower. At foreclosure or other sale of all or any
<br />part of the property, the Government and its agents may bid and purchau as a stzangex and may pay the Government's share
<br />of the purchau prise by crediting such amount on any debts of Borrower owhtg to or insured by the Government, in the
<br />ceder prescribed above,
<br />(i9) Borrower agrees chat the Government wiU nat be bound by any present or future State law, (a) providing for
<br />valuation, ceppraisal, homestead or exemption of the prapertp, (b} prohibiting maintenance of an action for a de£tciency
<br />judgmeat or limiting the amount thereof or the time wahin which such action must be brought, (c) rescribing any other
<br />statute of limitations, (d) allowing any right of redemption or posussion following any foreclosure sale, or (e) limiting the
<br />conditions which the Gavernment may by regulation impou, including the interest rate i[ may chazge, as a condition of
<br />approving a transfer of the property to a new Borrower. Borrower expressly waives the benefit of any such State laws.
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