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t <br />- ,.w~.. <br />' (6) To use the loan evidenced 6y the note solely for purposes authorized by the Government. - '" ~.. - <br />(~ To pay wfien due ail taxes, liens, judgments, encumbrances, and assessments lavvfdli}• atfs'e~rf' to r assessed <br />against the property, including all charges and assessments in connection with water; wafer irgUts~~s~weter stack <br />pertaining fo ar reasonably necessary to the use of the real property described above, and ~atl taxrfa err ass-3""'" eysm~levied <br />ri{xin this mortgage or the note or nay iadebtednesr hereby secured or against any legal hoM crate or of <br />said indebtedness under the laws of Neb:asks, and promptly deliver rv the Government without drmattd"tr~ipY3 evidencing <br />suctr payatents: <br />(fs) io keep=tlte property insured as required by and under insurance poiicties approved `vy the fovtrntnent and, at its <br />reauesi, to deliver -such aalicies o the Government-. - - - - - -- - - - _ - <br />;($}-To.s~iataia :mpten:ea•.s:in-gs~od,repaic.and marxe repairs required ~y tl.~-grxaxnt: mp°rata tlt~ prc,~Kytn a-good <br />and husbandmanlike.,manaer, comply with such fwm conservation prattle{-s adidkt~ir`1ad~9~e asanagement plans as the <br />Ciuvetnment-from ts`are to time may presetibe; and not to abandon the graper~~"caase or permit waste, lessening or impaii- <br />~irt -Eke purity e~ae€eef keeeby, ix, wsthturt Eire written consent ~ the Government, cut remove, of lease any timber, <br />gravel; os`I;-gas; coal, at's3ifter mi~tafs except. as may be necessary for ordinary domestic purposes. <br />(f0; Tc tirnrplywitk°al- lawr;`ordtnantes, and regulations affecting the property. <br />(12) To pay., or seir~urse -the Government for expenses reas~ably ne.:essarp or incidental to the protection of t}~ lien <br />and priority `beieof ~atril !rr the enforceaeent of or the compliance with the provisions hereof and of the note and any sappie- <br />fieritary agteeoreiR jvrliethet' before rn after default}, including but not limited to costs of evidence of title to and survey of <br />lira ,proorty, casts„of tg~vsrding this and other instruments, attorneys' fees, trustees' fees, court costs, and expenses of <br />adverttsiag, sellie~, and conveying the property. <br />(iii 3:eitlrer-the propeYcy nor any puriir;n tfrereaf rn interest therein shalt i;c leased, assigued, ~ .:nsfe:;ed, oe encuar- <br />lrered, voluntarily or otherwise, without the arritten consent of the Government. The Govemmentr shalt have the sole and <br />esInsive rights as mortgagee hereunder, including but oot Limited to the power to grant consents, partial releases, subardina- <br />tiatis, and satisfaction, sad na insured holder shall have any right, title or interest in or to the lien ar any bemfits hereof. <br />(i3) At all reasonable times the Government and its agents may inspect the property to ascertasn whether the covenants <br />and agreements cattained herein or in any supplementary agreement are being performed.- <br />(14) Tht Government may extend and defer the matur,'ty of and renew and reamortiae tfie detrt evidenced by the Wort <br />or any indebtednc;s to the Government secured hereby, release From liability to the Government any parry so Stable thereon, <br />release portions of the property from and subordinate the lien hereof, and waive an}• outer rights hereunder, without affecting <br />the lien or priority hereof or the liability io the Government of Borrower or any other party for payment of the nett or in- <br />debtedness secured hereby except as specified by the Govtrriment in writing. <br />(IS) if at eny time it shall appear ro the Government that Borrower may be able to obtain. a I oan from a production credit <br />asroeiation, a .Federal land hank, rn ether responsible cooperative or private credit source, at reasonable rates and terms <br />fa loans fnr similar purports and .periods of time, Borrower will, upon the Government's request, apply for and accept such <br />}pan in sufficient amount to gay the note cad any indebtedness recured hereby and to pay fa: any stack necessary to be <br />purchased in a cooperative lending agency in connection with such loan. <br />(Ik} Defaulf hereunder shall constitute default under any otbet teal estate, nt under nay personal properly or other, <br />security instrument held rn insured by the Government and a:ecated oc assumed t:y Br~rawQr, and d2fauit under any soh <br />other security instrument shall constitute default hereunder. <br />(I7) SHOULD DEFRULT actor in the perforauace or discharge of any obligation in this instrument or severed bo this <br />instrument, or should any one of-the-parties named as Borrower-die of Ce d.-Glared an incompetent, a baak:atpt, or an - - <br />iissolveat, or make an assignment far the benefit of creditors, the Government, at its option, with or without nonce, mav- <br />(a) declare she entire amount unpaid under the note sad any indebtedness to the Government hereby secured immediate)y- <br />due -and payable; (bj for. the account of Borrower incur and pay reasonable expenses t`or repair or maintenance of anti take <br />possession of, operate er rent the' property, {c} upoh application by it and production of this instrument, without other <br />evidence and vtitheut notice gf he of said application; have a receiver appointed for the property; with the usual powers <br />of receivers-in Like cases, td) foreclose this instrument as provided herein ar by law, sad iej enfoice any and aII other rights - <br />and rernedres provided herer`n or by present or furtre law. <br />(28) The pracaeds of foreclosure-sale shall be applied in the fallowing order to the payment of: {a) costs and expenses <br />irrsx at to enforcing or camglying with- the pravssions hereof, {b} any pricer Liens required Isy taw or a comppetent court to <br />bt so -paid, (c) the debt- evidenced by the note- and all indebtedness to the Government secured hereby, Cd) inferior Iiens <br />of r ~;rd tertniecd by =av= a€ a .:omp<tent enact to bt € paid,-iel at the Gevernarenr's option. any other indebtedness <br />of-$arrower-owingg to or insu._d by the Goverumeat, and (f) any balance to Borrower. At foreclosure or other sale <br />cd'afl ux atxjt part of the property,. the Government and its agents may bid and purchase as a stranger and inay gap the Govern- <br />- sneiit's s#rate of the purchase price by cediting such- amount on any dahts of Botrawer oaring to of insured ~y the <br />Gavecttment; in the order prescribed above, _ <br />{l9) Barrawer agrees that the .Government will not be bound by any present ar future State law, (a) providing for <br />valt~attorr. appraisal, hnmcstead irr exemption of,-the pio~rty, (b) prohibiting maintenance, of an action for a ~ieficiegcy <br />izrrl~ttitn_ e= lim_k+ng r}te ariaunt therei5f•or-the tsrne+vithin witich'such action must 6e'broughe, (c) prescribing any other <br />stat¢te,ok iimEtations;,(d) aliawhtg any ri~ti•af redemption ar possession following any foreclosure salt, or (e) limiting ttte <br />etanilifions-?irhicli,tl:e Gavtrr,ritLitt-may try regulation nngase, ittdudurg the interest rate it may charge, as a condition bf <br />aggxovirtg a transfer 4f tree property Yo a new Borrower. Borrower expressly waives the benefit of any such State laws. <br />Borrower hertisy rttingznishts, waives, and convey, all rights, inclta3te ar consummate, of descent, dower, and cartesy. <br /> <br /> <br /> <br />