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<br />83_0060.17
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<br />(6) To use the Joan evidenced by the note solely tor purposes authorized by the Government.
<br />(7) To pay when due all taxes, liens, judgme.nts. encumbrances, and assessments lawfully attaching to'Qf assessed
<br />against the property. including aU charges and assessments in connection with water, water rights, and water stock pertaining
<br />to or reasonably neceslarY 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 ~ainst any legal holder hereof or of the note or of said- in-
<br />debtedness un-der 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 Gover!:ment 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 Governmentj operate the property
<br />in a good and hu.sbandmanlike manner; comply with such farm conservation practices and farm and home management plans
<br />as the -Government from time to rime 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,'-gra:vet, oit gas, coal, or other minerals except as may be necessary for ordinary domestic purposes.
<br />(10) To- comply with a.lllaws, ordinances, and regulations affecting the property.
<br />(11) To payor reimburse the Government for expenses reasonably necessary or incidental to th.e protection of the lien
<br />and priority hereof and to the enforcement of or the complu.nce with the provisions hereof and of the note and any supple-
<br />mentary agree: ~dtiault), including but not limited to costs of evidence of title to and survey of
<br />the property' ...,~ jnstruments, attorneys' fees. trustees' fees, Gourt costs, and expenses of adver-
<br />tising, selling v.yin~fltll:fiA. <
<br />(12) Neither t~>-~pfuperty"nor: ;n'f p~rtion thereof or interest therein shall be leased, assigned, sold, transferred, or
<br />encumbered volunt2rily O-r othef"W"ise, without the written consent of the Government, The Governmentshall have the sole
<br /><lnd exduiive rights as: mortgagee hereunder, including but nor limited to the power to grant consents, partial releases, sub-
<br />ordinations, and 5<1ti:&"<1..,[ioo. .1nd no insured holder shall have any rights, title or interest in or to the lien or any benefits
<br />hereof.
<br />(13) At ail rC<1sonable rimes the Government and its agents may inspect the property to ascertain whether the cov-
<br />enants and agr-eements contained herein or in any supplementary agreement arc being pertonned.
<br />(14) The Government may (3) extend or defer the maturity of, a.nd renew and reschedule the payments on, the debt
<br />evidenced by the note or any indebtedne.s:s to the Government secured by this instrument. (b) release any/arty who is
<br />liable under the note 0[ far the: debt from liwility to the Government, (c} release portions of the property an subordinate
<br />its Hen. and (d) wa.ivc any other or its rights under this instrument. Any and all this can and will be done without affecting
<br />the lien or the priority of this instrument (lr norrower's or any other party's liability to the Government for payment of the
<br />note or debt secured by t:lls instrument unless the G-Qvemmem says otherwise in writing. HOWEVER, any forbearance by
<br />the Government--whether once or otten-in o:ercising any right or remedy under this instrument. or otherwise afforded by
<br />applic.able: kw. shall not be a waivt:r of or preclude the exercise of any such right or remedy.
<br />(15) If at any time it shall aPT.ar to the Government that Borrower may be able to obtain a lolUl from a production
<br />credit ;uJOCiation, a FeJerall.uai b.u .. or other respons.ible cooperative or private credit source. at reasonable rates and terms
<br />for loans for similar purposcs and periods of time~ BOn1.1WCr will. upon the Government's request, apply [or and accept such
<br />loan in s-ufHe-le-nt amount to pay the nvh~ anJ ..ny indebtedness secured h~re-by and to pa.y for a.ny stock ne-eessary to be
<br />pUf'Ch.a~d in a cooper;tttve l('udin~ agency in connection with 5uch loan.
<br />(16) Default hueunder sha.ll constitute de-fault under :iHY other real e~tate, or under any personal property or other~
<br />securi!}' i~str>.Jment hd\i or insured by rhe (;nvernment ;Hld executed or assumed bv Borrower. and default under any .such
<br />other securi-ty instromem !;hall cvnstltutc JeJau1t hereunder.
<br />{17} SHOULD DEFAULT occur in the p-ecformotnce or di$ch;uge of any obligation In this instrument or secured by
<br />this ~strument. or !!',huuld the par:ies n.uneJ il!t 80~tow;! Jie or he ,dedared .an incompetent, or shoul~ any ~ne of the parties
<br />1l.11nelJ .as -B-onowt:r be Jedar~J a bankrupt. or ,HI InSOlllent Of ma.li.c ...n asstglull~nt for the benefit ot cremtor-5. the Govern~
<br />ment,.u ilS option. with or withQut notice, rnil~: 1d_! Jeda.re the entire amount unpaid under the note and any indebtedness
<br />to the Government hereby secured immediately \lue ;lud payable. ': bi for the ac.cQum of Borrower incur and pay re.asonable
<br />expen~s for :cpa-ir or mainten.UKC of ;tna take posseu,ion oL operate or rent the property, (c) upon application by it ;"nd
<br />pw~tion,.. ot this mstrum-em. wnhout 0ther evidel~(C- .dill without notice of t~eari.ng of said application. have a receiver
<br />.ppoln<<J tor the property. wu.h rhe usu.u ptlWen -01 recl:IWtS in li..'i(e Cds.eS, (d} toredose this instrument a.s pro...'ided herein
<br />or b)' law, <Lnd (e) enforce an)' .and ail other rights .lnd rCIUt:dles provided helein or by present or future la.w.
<br />. , (18) The pr.oceeds of for~.;~osu:e sale s.hall. ~e 4.Pflied in- ,the follo'^',iug ~rder to ~ht: payment of: {a} costs and expenses
<br />meule-nt to enfOf(;U'lg or ~ompl}'mg With ~he PIQVUUOns nt-reaf. \b) any puor hen:; requued by law or a competent court to be
<br />so paid, (c) the debt evidenced b)' the note .:luJ <ill indebtedness to the Government secured hereby, (d) inferior Hens of
<br />record required by law or .a. compf:tcnt coun to be so paid, {e) at the Government's option. .il.ny other indebtedness of Bor.
<br />rower QWing, to uf insured by the Govcl'lunentl ~1I1J. (t) any ba.l.ncc to Borruwer. At foreclosure or other sale of all (IT any
<br />part of the propenr. the GoY~r~ment and its agents m~y bid and pu[ch.se .l,S. a ~tranget .~d lUay pay the (:ovcrument's. share
<br />of the purchase pnct by creJitmg such .lmuunt on <tny debt~ {If Borrower owmg to or 1Usured bv the (,overruncnt. 10 the
<br />oed., p,esctibed .bo.._ '
<br />~19) Borr~wer __grees th.u the Governmellt will not be bound by .lU)' present or future Statt law, (a.) providing for
<br />~.alw.uon\ .lp).ra1~~ homeste..d or exemption of .the pr.op~n)'. !-b) prohibit~g maintenance of an action ~or a deficiency
<br />Judgment~ O.I .UJU~U1g t,he :.uno. u~1t thereof Or the t1me w~thm wluch s".ch actlon ,must be brought. (c) prescnbinq a~l~ other
<br />statute ill Iml1tatlOn.s, ,d) ;l.Uowmg any r~t of redemptIon or pOSS-CSSlOn fOUowUlg any foreclosure sa.le, or (e) hmltmg the
<br />conditions which the G:,vernme-ut nuy by regulation impose. including the mte-rest fate it may charge, as a. condition of
<br />:.lpproving a transfct of the property to a nt.~w Borrower, Borrower expressly waives the benefit of any such State laws.
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