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<br />(b) To use the loan evidenced by the note solely for purposes authorized ty the Government.
<br />(7) To pay when due all taxes, liens, judgments, encumbrances, and assessments lawfully attaching to or assessed
<br />against fhe pmperty, including all charges and assessments in rnnnection with water, water rights, and seater stock
<br />pertaining to or reasonably necessary to the use of the real property described above, and iii taxes and assessments levied
<br />upon this mortgage or the ante or any indebtedness hereby secured ar against any legal holder hereof or of the note or of
<br />said indebtedness under the laws of Nebraska, and promptly 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, to deliver such policies to the Government.
<br />(4) To maintain improvements in good repair and make repairs required by the Government; operate the property in a good
<br />~~ husSendmanlike manner, comply with such [arm conservation practices and farm and home management plans as the
<br />Govemment from time to time may prescribe; and not to abandon the property, or cause or permit waste, lessening rnimpair-
<br />men[ of the security covered hereby, or, without the wri44en consent of the Government, But remove, or lease any timber,
<br />grave(, oil, gas, coal, rn other minerals except as may be necessary for ordinary domes.ic purposes.
<br />(10) To comply with al! laws, ordinances, and regulations affecting the property.
<br />(11) To pgg a reimburse the Government for expenses reasonably necessary or incidental to the protection of the lien
<br />artd prirnity~ hereof snd"-to tfie- eriloicem~nf of or the compliance with the provisions hereof and of the note and any supple-
<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, costs of recording this and other instruments, attorneys' fees, trustees' fees, court costs, and expenses of
<br />advertising, setting, and conveying the property.
<br />(12) Neither the property nor any portion thereof or interest therein shalt be leased, assigned, sold; transferred, or encum-
<br />bered, voluntarily or aherwise, without the written consent of the Government. The Govemment shall have the sole and
<br />etclusive rights as mortgagee hereunder, including but not limited to the power to grant consents, partial releases, subordina•
<br />lions, and satisfaMion, and no insured holder shall have any right, title or interest in or to the lien or any benefits hereof.
<br />{23) At all reasonable times the Government and its agents may inspect the property to ascertain whether the covenants
<br />and agreements contained herein or in any supplementary agreement are being performed.
<br />(14) The Governrnent may extend and defer the maturity of and renew and reamortize the debt c~idenced by the note
<br />or any indebtedness to the Government secured hereby, release from liability to the Government any party so liable thereon,
<br />release portions of the property from and subordinate the iien hereof, snd waive any outer rghts hereunder, wi~!tout affecting
<br />the lien or priority hereof of the iiabiiity to the Government of Borrower or any outer party for payment of the note or In-
<br />debtedness secured hereby except as specified by the Government in writing.
<br />(15) Ef ai any time it shall appear to the Government that Borrower may be able to obtain a l oan from a production credit
<br />assaciatios, a .Federal land bank, rn other responsible cooperative or private credit source, at reasonable rates and terms
<br />far loans For similar purposes and periods of time, Borrower will, upon the Government's request, apply for and accept such
<br />loan is sufficient amount to pay the note and any indebtedness secured hereby and to pay for any stock necessary to lie
<br />purchased 9n a cooperative lending agency in connection with such loan.
<br />(lb) Default hereunder shalt constitute default under any other real estate, or under any personal property or other,
<br />security instrument held rn insured by the Government and executed a assumed by Borrower, and default under any such -~
<br />other security instrument shall constitute default hereunder.
<br />(17) SHOULD DEFAULT occur in the performance or dischazge of any obligation in this instrument or secured by this
<br />instrument, or should any one of the parties named as Borrower die or be declared an incompetent, a bankrupt, or an
<br />insolvent, or make an assigtunent for the benefit of creditors, the Government, a[ its option, with or without notice, may:
<br />{a) declare the anon amount unpaid under the note and any indebtedness to the Government hereby secured immediately
<br />dye and payable, (b) for the account of Borrower incur and pay reasonable expenses Eor repair or maintenance of and take
<br />possession of, operate or rent the property, (c) upon application by it and production of this instrument, without other
<br />evidrnee and without notice of hearing of said application, have a receiver appointed for the property, with the usual powers
<br />of receivers in like caves, (d} foreclose this instrument as provided herein or 6y law, and (e enforce any and all other rights _
<br />and remedies provided herein or by present or future law.
<br />(1$) The proceeds of foreclosure sale shall be applied in the following order to [he payment ~f: tai costs and expenses
<br />incident to enforcing or complying with the provisions hereof, {b) any prior liens required by law or a comppetent court to
<br />be m paid, (c1 the debt evidenced by the note and all indebtedness to the Government secured hereby, (d) interior liens
<br />of recoil required by law of a competent court to be so paid, (e) at the Government's option, any other indebtedness
<br />of Borrower owing to or insured by the Government, and (f) any balance to Borrower. At foreclosure or other sale
<br />of all or any part of the property, the Government and its agents may bid and purchase as a strangsr and may Any the Govern- _
<br />meat's share of the purchase price by crediting such amount on any debts of Borrower owing to or insured by the
<br />Government, in the order prescribed above.
<br />(19) Borrower agrees that the Government wilt not be bound by any present or future State law, la) providing for
<br />valuation, appraisal, homestead or exemption of the property, (bi prohibitine maintenance of an action for a deficiency
<br />judgment ar limiting the amount thereof or the time within which such action must be brought, {c) prescribing any other
<br />statute of limitatiors, (d) allowing any right of redemption or possession following any foreclosure sale, or (e) limiting the
<br />conditions which the Government may by regulation impose, including the interest rate it may charge, as a condition of
<br />approving a transfer of rite groperry to a new Borrower. Borrower expressly waives the benefit of any such State laws.
<br />Borrower hereby retinquishes, waives, and conveys all rights, inchoate or corsummate, of descent, dower, and curtesy.
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