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<br />{ti) To use the loan evidenced by the note solely for purposes authorized by the Government.
<br />(%~ To pay when due all taxes, liens, judgments, encumbrances, and assessments lawfully attaching [o or assessed
<br />against the pmpetty, including all charges and assessments in connection with water, water rights, and water stock
<br />pertaining to of reasonably necessary to the use of the real property described above, and all taxes and assessments levied
<br />upon this mer*_gage or the ante or any indebtedness hereby secured or against any legal holder hereof ar of the note or of
<br />said indebtedness under the laws of Nebraska, and pmmptly deliver to the Govemment without demand receipts evidencing
<br />such payments.
<br />(8) To keep the property insured as required by and under insurance policies approved by the Government and, at its
<br />request, co defiver such policies to the Government.
<br />(9) To maintain i®prrivemenmts in good repair and make repairs required by the Government; operate the property in a good
<br />`and htubartdcianiike ma+tner, comply with such farm conservation practices and farm and home management plans as the
<br />Goveromeat from titina to time may prescribe; and not to abandon the property, or cause err permit waste, lessening or impair
<br />went of the socatrlty covered hereby, or, without the written consent of the Govemment, cut remove, or lease any timber,
<br />gravel, oil, gas, coal, or other minerals except as may be necessary for ordirary domestic purposes.
<br />{10) To comply with alt laws, ordinances, and regulations affecting the property.
<br />{ll) To pay a reimburse the Government for expenses reasonably necessary or incidental to the protection oEthe lien
<br />and priority hereof and to the enforcement of or the compliance with the provisions hereof and c:f the note and any supgle-
<br />mentary agreement (whether before or after default), including but not Limited to costs of evidence of title to and survey of
<br />the property, cis o[ recording this and other instruments, attorneys' fees, trustees' fees, court costs, and expenses of
<br />adveRising, selling. attd conveying the prtrperty.
<br />{12) Neither the property nor any portion iheceo[ or interest therein shah be leased, assigned, sold; transferred, or encum-
<br />bered, voluntarily or otherwise, without the written consent of the Gtrvernment. The Government shall have the sole and
<br />eslusive rights as mortgagee hereunder, including but not limned io the power to grant consents, partial releases, sttbordina-
<br />ti~s, and satistadion, and no insured balder shall have any right, title or interest in or to the lien or any benefits hereof.
<br />{13) At all reasonable times the Government and ifs agents may inspect the property to ascertain whether the covenants
<br />and agreemestts contained herein or is any supplementary agreement are being performed.
<br />{14? The Govemment nit extend and defer the maturity of and renew and reamvrtize the debt evidenced by the Hate
<br />err anv irtdebtednesss to the Government secured hereby. release from Lability to the Government any party sa liable thereon.
<br />release portions of the property from and subordinate the lira hereof. and waive any ether rights hereunder, without affecting
<br />the lien or priority hereof or the liability to the Government of Borrower err am other lorry- for payment of the note err in-
<br />debtedness secured hereby except as specified by the Government in writing.
<br />{IS) if at any rime it shall appear to the Government that Borrower may be able to obtain a loan from a production credit
<br />assaeiatioa, a Federal land bank, or other responsible cooperative or private credit source, at reasonable rates and Terms
<br />fa loans far similar purposes and periods of lime, Borrower will, uptm the Government's request, apply for and accept such
<br />loan in suf5cieat amorrnt to pay the note and any indebtedness secured hereby and ro payforany stock necessary to be
<br />purchased is a eoopentive lending agency in connection with such loan.
<br />(Ib) Defanh hereunder shall constitute d~tuli under any other real es[aie, or under any personal properly or other,
<br />r,ecwity ias4rumeM bead or insnred by the t;avetameM and executed or assumed by Borrower, and default under any such
<br />other secncity inisirameat shall constitute default hereunder.
<br />{17) 51-f{?ULD DEFAULT occur in the performance or discharge of any obligation in *_his insuumrnt or secured by this
<br />inxtsuasmt. a should nag one of the parties nattxd as Borrower die or be declued an intompetent, a bankrupt, or an
<br />iasoh'Cnt, or make an assignment for the benefit of creditor-s, the Government, at its opts~u, with or without notice, mav:
<br />?a) dtt3ur the entire amount unpaid under the note and anv indebtedness to the Government i:crtbv secured immedute~y
<br />disc and payable, {b) fat the auaunt of B«rowcr incur and pap rcasonabk czprnses f~ repair or mairtrnante of and take
<br />pornrarson a#, operate or rent the gropem;, {c upon application by it and production of thu irurrurnent, without other
<br />tridenee and without notice of h of said application, have a receiver appointed far the property, with the usual powers
<br />of rsxris~rrs is Like canes. ;d i fotttlosr this iasuttment as provided barrio or by law, and i e i enforce any and all other rights
<br />and remedies pROV.ded herein or by prestat a: furors law.
<br />{I$) 74re pgt*oa..Beds of foreclosure sale shag be applied itr the following order to the payment of: ;a; costs and a:pensrs
<br />incident to enforcing or toss~lvutg with the provisions hereof, •;b) anp prior liens required by law or a cornPetent court to
<br />6s so paid„ (t) the debt evidenced b. the nom and all indebttdtsess to the Government secured ltertby, iu) inferior liens
<br />of r+xard ergtssrd by law or a tomgrtent court to be sa (rj at the Government's option, any other indebtedness
<br />of llor:vwre to oa insured by the Govrznmeat, f3 anv balaate to Borrower. At foreclosure or other salt
<br />of all a arty porx of the gogerty, t3sr Go+gnnttat and its agtnu ma~• bid and purthasr u a stranger and troy pay the (~overn-
<br />me9t's share of the purthasr prier by trrditirtg such amount oa ant debts of Borrower ewini• to or insured by the
<br />Gosna-omeai, bt the order prescribed above.
<br />(19) Bt~rwver egrets Thai the Gavera»sert wail not be bound by any present yr future State law. ial providurg for
<br />taluat~lt. apprtaal, hcsntestad err exemption of tht property, ltr) prohibiting maintenance of an action for a dtficiency
<br />3m or liraii the amount thereof of the tirrie within which su,:lt rsctstxt must be broug}tt, (c) prescribing anp other
<br />statutie of limiiatitwas, (d} al~wiag any riglrt of redrmptiotr or possGSSion fallowing any foreclosure sale, or {e) limiting tfu
<br />coae$tiasrs w~ the Gy?vernment rtta} by regulation impost, including ihr interest rate it may charge, as a canditian of
<br />aps+taviog a transfer of the property to a new Borrower. Borrower ertprrsaly waives the benettt of zny such State taws.
<br />9orrataer hrxrby relirsattislses, waives, and conveys all ridtts, indtoace or cvrsummate, of descent, dower, and curtest'.
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