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<br />i <br />I <br />( <br />l <br /> <br />I <br /> <br />L <br /> <br />I <br /> <br />84 - 004389 <br /> <br />1 <br /> <br />(6) To use the loan evidenced by the no~e solely for purposes authorized by the Government. <br />(7) To pay when due all taxes, Hens, judgments, encumbrances, and assessments lawfully attaching to or assessed <br />against the property, including all charge~ ~nd ass.essments in .con~ect!o~ with wa,te~~ ~ater ~~ts, and water sto.c~ pertainin.B <br />to or reasonably necessary to the use ot the real property descflbea aDove, ana all taxes ailu assessments- levl~d up,on t_hlS <br />mortgage or the note or any' indebtedness hereby secured or against any legal holder hereof or of the note -or of sald in~ <br />debtedness under the laws of Nebraska, and promptly deliver to the Government without demand receipts 'evideni:ing-csuch <br />payments. <br />(8) To keep the property insured- as required by and under insurance policies approved, by the' Gover~nie'nt 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'Goverrunent;.:operate..,th.c;-'p.J;'oper:ty <br />in a good and husbandmmlike manner; comply with such farm conservation practices and farm -and home~man~trie~~t:p~~ <br />as the Government from time to time may prescribe; and not to abandon the property. or cause,or p~t wastei:;ie~ning.or <br />impainnent of the security covered hereby. or. without the written consent of the Government, cut,.-remove.-or,:}ea.Se-,.,'an:y-- <br />timber, gravel, oil, gas, coal, or other minerals except as may be necessary for ordinary domestic purposes~ <br />(10) To comply with all laws, ordinances, and regulations affecting the property. <br />(11) To payor reimburse the Government for expenses reasonably necessary or incidental to the. pf(nection.of-i:be.u,;I1' <br />and priority hereof and to the enforcement of or the compliance with the provisions hereof and pf.the':note and ~r.: ~~pl:e::'. <br />mentary agt.eement (whether ,befOre or after default), including but not iimited to costs of evidenc.e ofti!~,'t.o.an-d.'sur:r'r.~,~f- <br />the property, costs of recording,,rhis and other instruments, attorneys' fees, trustees' fees? court costs, and.ex:pe~~~,',o(~~~- <br />rising, selling and conveying the property, :" . ,. .:.- :'.:- <br />(12) Neither the property nor any pomon thereof or interest therein shall be leased. assigned","so1d~,;tr.anSfettea,:~t <br />encumbered voluntarily or otherwise. without the written consent of the Government. The Government,shall-ha.vc the-,$Q1e- <br />and exclusive rights as'mortgagee hereunder, induding but not limited to the power to grant consents. ,parclal_r:ele.se,s';-~su~~ <br />ordinations, and satisfaction, and no insured holder shall have any rights, tide'or interest in.or to the lien or,"any,--bene6.ts: <br />hereof. <br />(13) At all reasonable times the Government and its agents may inspect the property to ascertain"whether.the'c:c:iv.;. <br />enants and agreements contained herein or in any supplementary agreement are heing performed. <br />.) 4) The Government may I, -.1} extend or defer the marurit';' ,.:, ..nd renew and reschedule the payments on. the. debt <br />evidenc,ed by the notc ur any indebred.:1css to th~ Governmcr ;';':C1.. .1 by this instr.ument, (b) release any party,:w;hq'.is <br />liable under the note or for the debt from liability l.O die Gov:.l.,_~lent, (c) release portions of the property and suhOr,dinate <br />its hen, ,lOG Idl waive J.ny other uf i.t:; rights unde!" this instrument. Any and ill this com ;lnd ..~..!! be done without affecti.11g. <br />the Hen or the priorit}' of this instrument or Borrower's or any other party's liability to the Government forpayniebt-ofthe <br />note or debt secured by this insnument unless the Government says otherwise in writing. HOWEVER, any forbearance by <br />the Government-whether once or otten-in exercising ilny right or remedy under this instrument. or otherwise afforded. by <br />applicable law, shail not be a waiver of or preclude the exercise of any such right or remedy, <br />; 15) If at .lny tlme it shall appear to the (;overnment that Borrower may be able to ob:;.m a loan from a production <br />credit association, ,\ Ft'detalland bank. 0f orher responsible cooperative or private credit source, at reasonable rates and terms <br />for loans for "iml1ar rUfpOS~S J.nd penods lOr tune, Horrower will. upon the Government's request. apply for 3t\d accept such <br />l\)ar. in sufHocnt .lnlQunt to pay the note <tud ..0;1' indebtedness secured hereby and to pay for any stock necessary to. he <br />purchased in J: cooperative iending: ;lgcnCY in cDnnectlon with such ioan. <br />16) 1 >crau!t hereunder ..hall constitute detault unrtL'!' any other real estate, ur under any personal property or other? <br />Sl:Ct:.nty UlstrumC!lt ht:hl \'f ~nsured t'y the t;,wernmenr and execUted or assumed by Borrower, and default under any such <br />other ~curitv tnstrtlmt:nt sh.lll l"l.H15titutc dcf.luit hereunder. <br />17'; SH(H!LD DEFAULT ;:)Ccur in thl' pt.rformaJlcc or discharge of any obligation in this instrument or secured by <br />:hto. Hl5trumt"nt. '_~r -:.houh! rh<:' r.t~nt'S namej :.s Borrower die Dr be d{'dagd an incompe-tent. or should anyone of the parties <br />n;i.IneJ it), H0nuw,'r ~)\.~ je..:iareJ .j p..l.nkrupt:. 'if :J/l Ull>l.dVt:tlt '.lr m.J-.e an aSSlg,nrneuL for the benefit of creditors, the Govern- <br />ment, at its \.lPtion, \....itn ,or without Eutice, m..~.: ,.1.1 dcdare the entire amo\ult unpaid under the note and any indebtedness <br />t{. the (;o~'t:rnmt:nt hen-by ,>~~(IHcJ lrll.lllcdl.atl.-iy due .~n~l priyable. '. hi f\lr the ilccouut of Borrower i.n~ur and pay reasonabie <br />.:xpen~5. tor n.'pail: <.'1 lHill.lHell;Hl<.;C ,..! and Likt: IhhM;~::.S10n of. operate or rent the properly, (c) upon application by it and <br />pr,.-,dLlt:n').li ,'>f t h~" ;Ihtr,) !nt'lli. WIthout <l~ her t'vHh~IlCt. <llld WIthout Hotlel' ut he-ann\? ot said application, have- a receiver <br />appUll1h~,j tur (lie rrVF't~H\', \\'ub ,he HSdal powas (.1 re..:,t.:iver:s in iik.e cal'Cs. ,)) ftHCd;l5e this insir~ment as provided herein <br />(.r by (,lW, ,lllJ :<:. l.'lIh;Hu." ,in,. .Ill,j .dl <..,tht'l ,i~hb J.uJ reme,tll') ~)r\)videJ hl~rcin or by prcs('ut or future law, <br />1 ~~ rill:: F=\."_-,,.n1:, ,.,if I,H'(~ :,)"'.U~ .:,.Jt: sh..H bt: .:.pplit:d D: the tnllowing O1"Jer hI the p~ymem vf: (a) cosh an.d expenses <br />inudc.lH tv <-'H,t(Jh..lll.~ '-'I .. 'Hllptym." ,\'Hil dH: pnH."wIl5 hcrc...f. ~b! ,wy Pliur lie-as n:quireJ by taw or"l competent r;:ourt to be <br />w p,ud.. ( ~tl~ .lcbt ,,'vH.k.h.r..-J h~ !hl.. n,)l~: ,.nd ,I:J i!lJ(,-htt:J1Il'~3 ~,) the l,;overIlHlt:nt St~~lJr(.'J herc:-by, (d) inferior liens of <br />:-\"i.\a,i 11.''',Ullt'J. h'\' LJ.\\ ,)f .& ..''-\IIlI't~tt'nt ,-\\1.Ht fl.) be sOJ1did. :,.:; ,l{ tilt' i.;ovefllllletH'!> \)!Hi()/I, ;.lily other indebtedness ofBor~ <br />t"(I....l;;'t 'lWln~ !t._ "t lnsuf~.,l ,i'y tht: (;Ol,'t'.nHH~flt, ,llld (t:, ,111Y balanu.' ro Hono\-l.t'f. :\t foreclosure or othe~ sale of all or any <br />p~l1 "I lIlt' Plt"p",',t,; 'i:t' \.'.)\'l'[HIH\.'ll( ,IO,-i It:. J.:st'llb !HolY bhl ,Iud pUfl:ha~' ,IS a SU;tn~...r ,uhi may pay thl.: (;ovt.'rnmeur's s.hare <br />oi tllt: pur".has.1.: pri..:t.. t.y '-'It:Jitin~~ ~ll,h .HlhJUll{ !Ill ,Ill'': dt'hrs ot H<Hn\\...t'1' D\ldHg II) tl, 111i1Urt~d bv lho.: CoVcrlllHellt, in the <br />,){dt" pfl.-'Sl.:llt'\o:.J ,'l.l~)\l', . " <br />:q; !h.l~lU\\t:;: ,IP""('S !h.;:H -he (;,.""t'fl1lljl:'!:t \...lil fl"" l~., !',.,wl,i by ."uy J'n~s.l'n( ,..r [utHH' :~t;.ltl' law, (~l) pn)viJing f'll <br />~';llu..t.on, ,l.ppr;.ll&lL hum..:stt'.l<,l \'r t'.\l.;mptl<.lll ()t tilt' l'fOpl..'r,:, .bl pohlbltlnb llI.\il\t~HJon..:c 01 an action fur a deficit.'Hc, <br />JuJ.s,nlcnt_ d,f l.iltu.tlng the .UH'}U~t rhc,eu.1 ,0;: tlH: nrne w~thin '.Vill(h ::i-Udl .:~ti0n illUsr be .bruught, (C) prescribing an)' othc"J <br />-;t..tutt' ,H Imllr;.ttloIH, J; "i1owlIlb "ny rtf,l\t \.,1 n~..it~mpu,-)H ,,1\ t,'O::>S(,SSIO!l toll owing .un. turedvSUfl.?' sale, or (ellimitin" tilt' <br />,'Qlhl.itioIlS v,hich :Lt" \;OVl:':llIIH..nt m....' :'\0 :(.'~ilL.tion imp,)s.:, indudin~ thl' illtt'n.'.>[ ~J.tt' 1\ Ill...: l.hJrg..:. .1:'0 ',i.(onditi~n llt <br />..It'Ph)Vlllt=. .1 ~L...ll~:,-.: ,'I ttlt' ~'l\.;pLn~ :" ., :11..W B('n,,'\.va. t\,H1UWU "\l-H~:.~iy WJ.lve" dIe bt'IH.:fi! pi' ,Hl~ Slh..h St,He LiW.... <br /> <br />u <br /> <br />L <br /> <br />_1 <br /> <br />L <br />