Laserfiche WebLink
<br />I <br /> <br />L <br /> <br />84- <br /> <br />005868 <br /> <br />(6) 1."0 use the ioau evid';:.i...::o::d by t~~~ ~0t'" /If"}iely [01 pi.ilPv:ie: ;;:~!hO:lr17e.d by the Government. <br />'.7', To pay when due aU taxes, lieu~, judgm~m:s, enctLmhrances. and assessments iawfuily ati:.a.s...hii"g to :;: ~s5e~~d <br />against the propertv, including a11 ch3rges a.nd as:Jn:OIU"'l&~;; i;~ ~'.:.:~~r~...,_-i;,_-.li wi.th Water. w~ter nghts, and water stock pert~"'ling <br />to or ff'-4lSOnably n~cessary to ,th,c IUse of t.he real propert}' describ,ed above, and all taxes and assessmtnn i.cvi.c"l ....'{c""v~ t~i: <br />mortgage or the note or any moeoicJil.c~5 hcr;:by ~clln"d or agamst any legal holder hereof or of the notc or 0 sa.1d in- <br />debtedness under the laws of Nebraska, and promptiy deliver to the Government without demand fccc;-ipts ~vide!!ci.rlg sttch <br />pel. yroents... <br />. (8) To k~ep the pr~~~r~y insured,as required by and under insurance policies approved by the Government and, at <br />lts requesi:, tU deh..""Cr ';uc::' r0:~1-=5 to th~ C.-Gvernment. <br />{9} To maintain improvements in good repair ;m.d ::na..l.te n'pairs required. by the GOVCi:Tlme:r.t; cper;!.te the prtlP';Tty <br />in a good and hushandmanlike manner: comply with .such farm conservation practices and farm and home maJlagement.pl2...~! <br />as the Government from time to time may prescribe: and not to abandon the propeny, or cause or permit waste, lessenmg or <br />impairment of the see-urity covered hereby. or. \"l!thout the written consent of the Government. cut, remove, or lease any <br />llluLcr, i!;.! avd. uJ~ &"~. I.V16L VI uit.-ci .ifdjh:J:...l:. tAo;..t:pt. d.~ jjld.Y lie: ilCt.e~u.fY for 0rwnar}' J.vw.cstic purpos~s. <br />(10) To ccmp!y with all laws, ordina.nces.. and reguLiticns .;:.ffecting the property. <br />n 1) To poly or reimburse dlt~; Government for expenses reasonabiy necessary or incidental to the protection -of the lien <br />..nd prinritj' hereof and to 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}, induding but not lirnited to cost,! of eridence-of title to and $Ul'VC:yof <br />the property. costs- of recordi.'1;g this :!nd other instruments. 2ttorncys' fees, ttusteefll fees, court costs, and expenses of adver..,. <br />dsing. seHing and conveying the property. <br />(12) Neither the property nor any ponion thereof or inter'"'!>! therdn s..~a!! be leased, assigned, sold~ tranaferred~ -or <br />e-ncumbe-red voluntarily or otherwise. without the written con~m ,: ;--"e Governmevt~ The Government shall have the soie <br />a.nd exdus:v"t' rights a.s mortgagee h(~reu!lder, :ncluding LrH ',:: ~i., ,;:ed to ~le power to 6f:a11t con.sents,_partial reteas.;s; sub.- <br />urdination5. .and s;)tisf~crion. and Of} in:mf;;d ~.o~ .er sh41! .~_ any nght~, title O'r interest in or to cile lien ,or 'any: benefitS <br />hereof. <br />,;i3j At all re;;lson~bl~ tlm_CS the G~}'\'ernment a,nd its agents may inspect the property to ascertain vihethe:tthe--c-oy. <br />en.ants and agreements con [awed herem or 10 any suppiementary ~eement ue being performed.. <br />14) The Gov~rnment may ',;1! extend or defer the maturity of. and renew and reschedule the payments on, the debt <br />cviJcnced b,' the- note or an}" md-t:btcdnes-s to the Government secured by this instrument, (b) release any _par:ty.-wh~ i$ <br />~iO!b!e under the no~e !)!" for the J.t'~r frc:m li~bilitv to the Government, fe) rek~ portions. of the property and subor-dmate <br />as hen. and ;d} Wdlve J.oy uther of its. r~hcs und~ this instrument. Any' -and all thu ca.n and will be done without'affec~ <br />the lien or d~e priQrity of this instrument or Borrower's or any other party.s liability to the GOYettUIlent f-or _pa-yment:_of.th-e- <br />note or d~bt secured by this instrument unless the Government says otherwise in writi."*1g~ HOWEVER, any- forbear-ance by <br />the Government--whethcr once or often~in exercising any right or remedy under this instrument~ or otherwise afforded by <br />.:.ppli.cahh' bw. shall not be <l wa.i'l,-'"i.."r of or preclude- the exercise of any such right Or remedy. <br />15; It' at any time iE ~h,ii.H apf'ea.r to dB: Government that tl?ITower mil)" he able to obtaL~ a loan from a production <br />credit association. <1 Federa! land b.l.nii., or other respon.sible COoptt:it1ve or private credit source, at reasonable: rates and terms <br />t",_)r loa.ns fur smliiar purposes and pe:riods of time. BOrTower wilL upun the Government's request,. apply for and accept .uch <br />10...n in sufficient aJTwunt tQ f'~lY the not.c ;wd any U\dc~tednes.s secured hereby and. to pay for any stock necessary to_be <br />purchased. tn .a Ct'Opet<io;,"t' l-~nrt:mg ;igency m <.-onnecrJon wIth such loan. <br />16; Ucfauh: ncn:under sh;tH consUtuU det;.,ult under any other real estate. or under any personal pro~~ or ethel', <br />;;t'"curit}' mnrumcm hdd or i:r-s-un"d b,,' the l;nvernment ;uld executed or ;ununed by Borrower, and. dcf.a.ult under any such: <br />othcr .5ecurity instrument sholl! cunstitutc default hereunder. <br />1""" SHOt~LD DEfAULT (Y":C:Jf in the perfOrtndnce or d.ischarge of ;my obligation in this- instrument or secured by <br />thIs msrrumem, or should the parties nJ..rne-d ii." Borrower die or be declared an incom,petent. or should anyone of the parties-. <br />Ti.&HHc\.i ol~ ~,-:;;jGw,"r b:: dcd~~d J b:!~k!''..!pt _ lif :.s.n 11l:SlJlvcnt or make an ..u~nment tor the benefit of creditors. the Govern~ <br />rne-nt. a~ its option. with or wIthout nnt1c-t. may: (a; d.eda.re the entire OL'llQWl[ unpaid i.md~ the note :,url. any iq.dehteancSl <br />tl) the- c..;o:'t~rnment h,,-'rcby secured immediat~ly due ;a,nd payable.", (h) for the: account of Borrower incur and pay reasonable <br />!:'x?i:nse~ lor ~e-p.aix ~J;r m.Hntco~n'e cd ~Hd rake posseuion of. l,.iperate Ot rent the property! (c) upon application by it-and <br />pn)ctu,-non _ or rhis tnstnHnent. \vltho\.H odu"r evidence ...nd without !locke of hearing of said applic~t~n, have a receiver <br />appoInted tor the propert\-., wlth The usual powers of receivers in like ca,ses, (d) foreclose this instrument as provided b..erein <br />or by hew. and ~t"; t'ntorce a.ny <tl:d;,.ll other r~hts and remedies provided herein or by present or future law. <br />, .. ! 81 The p!\xeeJ, cd fom:iosu,e sale sh...ll be aPl.'lied in ,h, following order to the payment of: (a) con. and expenses <br />ln~Jdcnt to t"ntvf\"U1~ \f( complymg wuh the P!ovtsl-Ons h(<rcoi~ {b) any priul- lien~ l"equireJ by bw vf.a i:"m......te:~~ com-! t~-M <br />:'u pall.L >. ,:. the th:bt C"{l-Jc!1ccd by the H()t~ and aU indebtcdfiess to the Government secured hereby) (J)infcrior lie:n.e:_,of <br />:,,\:'curJ rt'qUln,d by 1.tW or J. LOmpetc:nt Ct)uf"t to be so paid, Ze) at the Governmenes option. any other indebtedn_ess oCDer.. <br />rO\VCf :'WUlg. to ur insured by the Government. J;nt1 (f) Any ha.lancc to Borrower. At foreclosure or other sale- of all or -any <br />r~rt~ 01 the pro pe-a !' . {~,e CUV;:T~uncnt ~nd its agents nay bid an-d~purchasc: as a stranger and may pay the Government's share: <br />::~,l::en!::~~~~~ .~~~_ tly .:rewtlng such ;tmount on ;iny debts ot Borrower owing to or insured by the Government. in the <br />..., ........ f""''K..''''''^''''' ......'v~-.... <br /> <br />-, <br />! <br />. <br /> <br /> <br /> <br />. ~ ! ~j; B('lrr~)We.r a.gre-es th,.at the G0-ve:nment _wUi not be tx~und by ar.y present or future State law,>> (a) providing' for <br />~aiUOltKm. ",pf?ra.iul. home-stcad Dr exemptKln of ,the property, Ib) prohibiting maintenance of an action for a deficiency <br />jUdg~lent., i?,i l:u-nl~ing t.h.~._ amou~t the-rt"Q.t ,(lr t~e t~no:- w~fh.in. which sU,ch ~tion ~ust he brought" (c} pre-sc::ribin~ a.:'~ other <br />$tat,,:~e. 01 hr':1~a,t101l~, {1.1! ;s.Uowutg Ln~l ngnr ot fe;Jcmpuon or p05SeSSlon toHowmg any foreclosure salc~ or (e) Hnutlng the <br />COndlti01B WhiCh th~ Gove':nmt:".l1t nl.1V by regulation impoSt'. in~iudi?~-:Jtte interest fate it may charge. as a condition of <br />apprO"1nf~ .; tl".ln~it."1' nt the propeny to' a new Borrower. Bom:t.w~J-Fxpre~y .wah'es the benefit of any such State laws.. <br />..-/ ~- . <br /> <br />J <br /> <br />L <br /> <br />.-J <br /> <br />! <br />; <br />~ <br />