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r L r i 83-001013 (6) To use the loan evidenced by the note solely for purposes authorized by the Government, ' (7) To pay when due all taxes, liens, judgments, ~ncurnbra~ces, ~nd assessments l~wfully attaching to or assc:s~d ~gainst the property, including all charges and assessments m connectlon wIth water. water nghts, and water stock pertammg to or reasOnably necessary to the use of the real property described above, and all taxes and assessments levied uron this mortgage.or the note or any indebtedness hereby secured or against any legal holder hereof or of the note or 0 said in- debtedness under the laws of Nebraska, and promptly deliver to the Government without demand receipts evidencing such payments. , . (8) To. keep the property msured as required by and under insurance policies approved by the Government and, at its request, to deliver such policies to the G.overnment. (9) To maintain improvements in good repair and make repairs required by the Government; operate the property in a good and husbandmanlike manner; comply with such farm 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, lessening or impairment of the security covered hereby, or, without the written consent of the Government, cut. remove, or lease any timber, gravel, oil, gas, coal, or other minerals except as may be necessary for ordinary domestic purposes. (10) To comply with all laws, ordinances, and regulations affecting the property, (11) To payor reimburse the Government for expenses reasonably necessary or incidental to the protection of the lien and priority hereof and to the enforcement of or the compliance with the provisions hereof and of the note and any supple- mentary' agreement (whethe, before or after default), including but no~ 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) 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 rights as mortgagee hereunder, including but not limited to the power to grant consents, partial releases, sub- ordinations, and satisfaction. and no insured holder shall have any rights, tide or interest in or to the lien or any benefits hereof, (13) At all reasonable times the Government and its agents may inspect the property to ascertain whether the cov- enants and agreements 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 party who is liable under the note or for the debt from liability to the Government, (c) release portions of the property and subordinate its lien, and (d) waive any other of its rights under this instrument, 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 fqr papnent 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 a.ny 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 any time it shall appear to the Government that Borrower may be able to obtain a loan from a production credit association, a Pederalland bank, or other responsible cooperative or private credit source, at reasonable rates and terms for loans for similar .purposes and periods of time, Borrower will~ upon the Government's request, apply for and accept such loan in sufficient amount to pa)' the note and any indebtedness secured hereby and to pay for any stock necessary to be purchased in a cooperative lending agency in connection with such loan. (16) Default he,eunder shall constitute default under any other real estate, or under any personal property or other. security instrument held or insured by the Government and executed or assumed by Borrower. and default under any such other security instrument shall constitute default hereunder. (17) SHOllLD DEFAULT occur in the performance or discharge of any obligation in this instrument or secured by this instrument, or should the parties named as Borrower die or be declared an incompetent, or should anyone of the parties named as Borrower be declared a bankrupt, or an insolvent or make an assignment for the benefit of creditors, the Govern- ment, at its option, with or without notice, may: (a) declare the entire amoWlt unpaid under the note and any indebtedness to the Government hereby secured immediately due and payable. (b) for the account of Borrower incur and pay reasonable expenses for repair or maintenance of and take possession of. operate or rent the propet'ty~ (c) upon application by it and production of this 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 instrument as provided herein or by law, and (e) enforce any and all other rights and remedies provided herein or by present or future law, (18) The proceeds of foreclosure sale shall be applied in rhe following order to the payment of: (a) costs and expenses incident to enforcing or complying with the provisions hereof. (b) an)' prior liens n:quired by law or a competent court to be so paid, (c) the debt evidenced by the note and all indebtedness to the Government secured hereby, (d) inferior liens of record required by law Ot a competent court to be SO paid, (e) at the Government's option, any othet indebtedness of Bor- rower owing to or insured by the Government, and (I) any balance to Borrower, At foreclosure or other sale of all or any part of the property, the Go~r~ment and its agents may bid and purchase as a ~tranger a~d may pay the Government's share of the purchase pnce by creditmg such amount on any debts of Borrower O\YlOg to or Insured by the Government. in the order prescribed above, (19) Borrower agrees that the Govermnent will not be bound by any present or future State law. (a) providing for valuation, appraisal, homestead or exemrtion of the property, (b) prohibiting maintenance of an action for a detlcienc). judgment or limiting the amount tltereo or tlte time within which such action must be brought, (c) prescribing any other statu~.. of limi~ations, (d) allowing any right of redemption or ~'ossession following any foreclosure sale, or (e) limiting the conditlOns whlCh the Government may by regulation impose, including the interest rate it may charge. as a condition of approving a transfet of the property to a new Borrower, Bonower expressly waives the benefit of any such State laws, L L l ~ .-J