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<br />~4 -f7'~i0392 <br />(6) To use the loan evidenctd by the note solely for purposes authorized by the Government. <br />(7) To pay when due all tones, liens, judgments, encumbrances, and assessments lawfully attazhing to-or assessed~~ _ _ <br />against the propperty, including all chazges and assessments in connecrion with water, water rights, and water stock pertaining., <br />to or reasonably necessary to the use of the real property described above, and all taxes and assessments levied upon-this -- <br />mortgage or the note or any indebtedness hereby. secured or agains[ any legal holder hereofor of the note or pf-said iti- <br />debtedness under the laws of Nsbraska, and promptly deliver to the Govern: Sent 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, St <br />its request, io deliver such policies to the Government. <br />(9) To maintain improvements in good repair and make repairs required by the Government; operate the priipetty <br />in a good and husbandrnanlr~cc mannerp comply with sveh farm conservation practices and fazm and.home management plops `- <br />as-the Government fmm time totime 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 6e necessazy for ordinary domestic purposes. <br />(1Q} To comply with all laws, ordvtances, and regulations affecting the property. <br />{ I l) To pay or reimburse the Gavernment For expenses reasonably necessazy or incidental to the ptotecdon 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 supply <br />mentary agreement.(whe2lior -before or after defauhj, including but not limited to costs of evidence of title to and survey of <br />the property, costs of recording this and othei instruments, attorneys' fees, trustees' Fees, court costs, and expenses of adver- <br />tising, selling and tximeying thaproperty. - <br />{12) Neither the property nor any portion thereat or interest therein shall be Rased, assigned, sold,.transfeaed, or <br />encumbered voluntarily ar otherwise, without the written consent of the Governmenx. The Government shall have the sole <br />and exclusive rt'ghts as mortgagee hereunder, including but nac limited to the power to grant consents, partial releases, sub- - <br />ordinations, and satisfaction, and na hrsured holder shall have any rights, title or interest in or co the lien or any benefits - _ <br />hereof. <br />(13} ±~t all reasonable limas the Governrrtent and its agents may inspect the property to ascertain whether the cov- <br />ettantsand agreements contained herein or in any supplementary agreement are being performed <br />(1~4i The Government may tai extend ar defer the macurice of, and renew and reschedule the payments on, the debt <br />evidenced by the note or env indebcedness ra the Government secured by this insttument, (b} release any pazty who is <br />liable under the note ar for the debt from liability to the Government, {c} release portions of the property and subordinate <br />its lien, and tdi waive env other of its riti,hts under this instrument. My and all this can and will be done F-ithout affecting <br />xhe lien or the priority of this instrument ur Borrower's or any other party's liabiliry to the Government for payment of the <br />note or dtbt secured by this inst:urntnt unless the Gavernment says otherwise in writing. HOWEVER, any forbearance by <br />the Government--whether once or often-in exercising ary right ur remedy under this instrument, or otherwise afforded by <br />applicable law, shall not be a waiver of ar preclude the exercise of any such right or remedy, <br />f 15) If at any time it shall appear to the Government that Borrower mac be able to obtain a loan from a production <br />credit association, a Federal land bank, or other responsible cooperative or private credit source, at reasonable rates and terms <br />for loans for similar purposes and periods of time, Harrower will, upon the Government s request, apply fee and accept such <br />loan in sufficient amount ro ppay the note and any indebtedness secured hereby ar:d to pay for any stock necessary to be <br />purchased in a cooperative lending agency is cannectien with sucH loan. <br />16} Sjefault hereunder shall canscicute default under any other real estate, ar under any personal property or other, <br />security instrument held or insured by lire Government and executed ar assumed by Borrower, and default under any such <br />other security instrument shall eanstitute default hereunder. <br />;{7) SS'.QttLL) DEFAUL"T a:,cur in the performance or dixhazge of any obligation in this instrument or secured by <br />this in strumeut, ar slsoulti tlce parties named as BorrowuK die. or ue declared an incam ptten*., or should any one of the par [its <br />named as Bocrowtr tt dt3artd a bankrupt. or an ur,<;ivcnt or make an asvgmnent for the benefit of credirors, the Govtrn~ <br />meet, at its option, wit It or without notice, may: i a? :iec!are the entire ;unount unpaid under the pate and any indebtedness <br />to the Gavernment hereby secured unmcdiatety due~and payable. %b; far the account of Borrower incur and pay reasonable <br />expenses for repair ar maintenance of and rake possession of. operate ar rent the property, (cl upon application by it and <br />production of this instrument, without other evidence and without notice of hearing of said application, have a receiver <br />appointed far the property, with the usual powers of receivers in like casts. ;_d? facec!ast this instrument as provided herein <br />ar by law, and {e) enforce any and all ether rights and remedies provided herein or by present r r future law. <br />t £8) The proceeds of foreclasum sale shall be applied in the following order to the payment of: (a) costs and expenses <br />incident to enforcing ar complying w~ich the pravizians Hereof, (b an}' prior liens required by law or a comppetent court to be <br />so paid, {c) the debt evidenced by the note :utd all btdciattdness to the Gavernment secured hereby, (d) inferior liens of <br />record required by law ox a competent court to be sa paid, (t# at the Government's option, any other indebtedness of Bor- <br />rower owing to at insured 6y the Government, and f;. any ?ralance to Harrower. At foreclosure nr ocher sale of all or any <br />part of the property, the Gavernment and its agents may bid and purchase as a stranger and may pay the Government's share <br />at the purchase price by crediting such amount on env debts of Borrower awing to or insured by the Gavernment, in the <br />order prescribed above. <br />(29) .Harrower agrees that the Government will not 6c bound b}- any present or future State law, fa'1 providing far <br />valuation, agptaisal, homestead or exemption of the ptoptny, {h) prohibiting maintenance of an action far a deticitnc}• <br />judgment ar litttiring the amount thereat of cHt time withu± wHuh such action must be brought, (c) pres~:ribing any otHtr <br />statnxe of limitations, idi allowing any right of redemp[ion or possession Following any foreclosure sale, or (e) Ihniting the <br />conditions whicH the Government may By regulation impose, including the interest rate it may charge, as a condition at <br />approving a transfer of the property to a new Borrower. Barrowee expressly wolves the benefit of any such State laws. <br /> <br /> <br /> <br />