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<br />82 --~[ ~ ~'~ _t 3 ~
<br />(6j Tv use the loan evidenced hythe note solely for purposes authorized by me Governmene,
<br />(T~ To pay .when dueall taxes; liens; judgments, encumbrances; andassessments lawfullyatraching toorassessed
<br />and water scockpertamu~g
<br />ights
<br />r
<br />h
<br />,
<br />; water r
<br />wate
<br />' against the propperty, including all ehazges. andassessmentsin connection wit
<br />to oc reasona6ly necessary to-ahe use of`the realproperty described above, andall taxes and assessments levied upon this
<br />reof or of the note or of sazd m-
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<br />mortgage or the note or any,indebtednzss hereby secured oc against a
<br />debcedness under t}:c lawsof:Nebraska.and promptly deliver'to the Government without demand receipts evidencingsuch
<br />:payment:.
<br />(8` To keep the proper[}' insured as required lay and'urder insurance policies approved by theGovernment anal, at
<br />its request, to deliver such poll=ies to: the.Government.
<br />rovements in good repair and make repairs required by the Government, operate thr pruperty
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<br />ain
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<br />fazm and home management plans
<br />m a food and liusbandmanlike manner; comply with suck farm conservation praztices and
<br />cause or permit waste; lessening or
<br />and notto abandon theproperty, or
<br />ribe
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<br />e t
<br />,
<br />;
<br />may pre
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<br />as the Government from tim
<br />airment of the security covtted hereby, or, without the written consent o£ the Government, cut, remove, oz lease any
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<br />timber;. gravel, oil;gu, coal.; orbther mineralsexceptas maybe necessary. for ordinary domestic purposes..
<br />(10) To comply with all laws, ordinances, and regulations affecting the property.
<br />eimburse the Government for expenses reasonably necessary or incidental to the protection of the lien
<br />c
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<br />(11) To pay
<br />and priority hereof and to the enforcement of br the compliance with the provisions hereof and of the note and any supple
<br />idence of title to and curvev of
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<br />mentazy <IzeFOte pi: aftg default), including but not
<br />the prop ~ s of"re~~ding this and oter instruments, attorneys' fees, trustees' fees, court costs, and expenses ~f adver
<br />~
<br />a q~y}ag+,tlie,Propr'r}'. -
<br />- .rising, sel
<br />(12) Nezt err a pro not-atj"~ortionthezeo{ or interest therein sha~Il be leased, assigned, sold, transferred, or
<br />The Government shall have the sole
<br />ent
<br />ern
<br />Go
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<br />n
<br />.
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<br />sent o
<br />encumbered voluntarily ox otherwise. without the written co
<br />and exclusive .rights as mortgagee hereunder, including but not limited to the power to grant Consents, ppartial releases, sub-
<br />t in or to the lien or any benefits
<br />or i
<br />id
<br />nteres
<br />e
<br />`. ordinations, and satisfacrion, and no` insured holder shall have any rights, t
<br />hereo£ '
<br />(13) Ac all reasonable times the Government and its agents may inspect?he property to ascertain whethek the rev-
<br />lementary agreement aze being performed.
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<br />n. or
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<br />ere
<br />etaants and agreements conuine
<br />(14~ The Government may {al extend or defer the maturity of and renew-and reschedule the payments on, the. debt
<br />to the Government secured by this instrument, (b) release any parry who is
<br />ed
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<br />b
<br />n
<br />i
<br />ness
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<br />evidenced by the note or a
<br />liable under the noce'or for the debt from liability to the Government, (c} releue portions of the property and subordinate
<br />nd all this can and will be done without affecting
<br />An
<br />h
<br />n
<br />'
<br />'
<br />y a
<br />strument.
<br />is i
<br />under t
<br />of itsrights
<br />its ten, and (dj waive any ocher
<br />the lien or the priority of thin instnvnent or $onower's or any other party's liability to the Government for payment of r6r
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<br />y
<br />noteor'.debt securedbythisinstrument unless the Government uys otherwise in-writing:HOWEYER, any forbearance
<br />ther once or often-in exercising any right or remedy under this instrument, or otherwise afforded by
<br />h
<br />en
<br />e
<br />ts-w
<br />the Governm
<br />applicable law, shall not be a waiver of or preclude. she exercise of nay such right or remedy:
<br />co obtain aloan from a production
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<br />be
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<br />(15) If at any time it shall appear to the Government that Borrower may.
<br />tion; a Federal land bank; oz other responsible. cooperative or private credit source, at ._ssonable tarts and terms
<br />i
<br />dit a
<br />ssoc
<br />a
<br />cre
<br />forloans for, simile purposes and periods of time; $ozroweiwiIl, uponxhe Government's request, apply for and accept such
<br />secured hereby and to pa}' for any rock necessuy to be
<br />cd
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<br />rzess
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<br />loan in sufficient .amount to pay the voce an
<br />urchased in a cooperative lending agency in connection with such Loan.
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<br />(lb} Default hereunder shall constitute default under any other. real estate, or under any personal property or other.
<br />and default under _ay such
<br />Borrower
<br />d or assumed b
<br />nd
<br />,
<br />y
<br />execute
<br />security instrument held or `insured by the Government a
<br />other. security instrument hall constitute default hereundeq
<br />(17) S@OULD DEFAULT occur in the performance or dixharge of any obligation,in this instrument oz; secured i,y
<br />ie
<br />f
<br />h
<br />s
<br />e part
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<br />thin instrument, or should the parties. named as Borrower :Ile or be declazed an incompetent, or should any one. o
<br />or an insolvcntec make an assignment for Clio benefit of creditors, the Govern-
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<br />dedazed a bankru
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<br />,
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<br />das Borrow
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<br />ment, ar its option, wirh`of without notice, may: (a} declare the entire amountunpaid under the note and any :indebtedness
<br />able (b} for the account of Borrower incur and pay reasonable
<br />a
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<br />ue a
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<br />ately
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<br />to the Government hereby ecure
<br />expenses for repair or maintenance of and take possession ot. operate or rent the property, (c) upon. application by it and
<br />have a recetver
<br />of said application
<br />ofhearin
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<br />and
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<br />,
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<br />out,no
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<br />ence
<br />:production of thin instrument, without other evi
<br />appointed forc3ic property, with the usual powers of receivers in I&e'cases. d1 foredose this instnment as provided herein.
<br />ar by law, apd (e) enforce an}' and all other rights and remedies provided herein or by present oz future dew.
<br />(18} The proceeds of foreclosure sale shall be applied in chr fallowing order to the payment of:-(aj costs and expenses
<br />uired by law or a competent court to be
<br />rior liens re
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<br />(6) an
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<br />ons
<br />e pro
<br />incident to enforcing or complying with t
<br />so pa"idC (cj the'debt evidenced bg the nose and all indebtedness to the Government secured hereby, id) inferior liens n:
<br />R
<br />or-
<br />record required by law or a competenicourr to be so paid, (e) at Lhe Government's oprion, any atker indebtedness of
<br />and (f} anybaiance`co Borrower: At foredosure ar other sa)e of all or any
<br />ent
<br />h
<br />G
<br />d b
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<br />overnm
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<br />rower owing to or insure
<br />part oFthe property, the Government and its agents ma}: bid and purchase as a st:angcr :and ma}' pay,che Government's skazc
<br />m the
<br />the Government
<br />ured b
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<br />ng to o
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<br />rrower ow
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<br />of cite purchase price by crediting such amount on any debts o
<br />order prescribed above.
<br />(19} Borrower agrees that the Goverrunenc will norbe bound;by any present orlfuture State law, {a} providing for
<br />valuacitrn, appraisal homestead or exemption of the property, (b) prohibitingsmaintenance of an action for a defieience
<br />uch action must be brought. (cj prescribing any other
<br />which
<br />ithi
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<br />of or t
<br />lttdgment or limiting the amount ther
<br />(dj allowing any. right of redemption. or possession following any foreclosure: sale, or (e}'limitingrhe
<br />statute of lirttitations
<br />,
<br />condiuans which the Government may byaegulation impose, including the interest rate it may oharge, as asonditionof
<br />a transfer of 'the property to a new Borrower. $orrower expressly waives the beneftt of any. such State laws:
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