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<br />f~L 7'r. gxse rl:rc a a:a.n ev7dra~i:ed ,a 1p :..- es~stF eo r,,~ :r>it .„ .r:p~.i»irs t.ur.,-o..z,cd d 7 ,.hip ;., .,.vnrr::c,e. <br />,7 16:v puy when dq~ ,dl rax:eis. Vie¢:us, ):,iii-.,.ir:n, ~.~:uannbiranE.e.iu, ant' ;ru~ssi.tu,t~inru lu.afa!13:1+ attr.hi.rrpc o .e' asm:eaiuaii <br />:~~ix~inst t3~oa'. prcaprcrry, inel~u~d'ung a.i'1 chat{Ves aid asine~r;~m~iirs~~ hi, crar~olnrr uvrr€e`~ wet:x:G~, ureter xrf'I~:r~ts, an.~ wartm;r iatGuclk <br />pertaitring tv or rea_~na'oty necessary to the use of floe real praperr~ described agave, and a14 taxes and assessments lev'iad <br />r„„_ upon this mortgage ar the Hare or any ir.del;red;;ess ,erby secured ar agahrst ary Segal balder hereof -1z of the r=ore rsr of <br />said indebtedness uncle: the laws of Piebraska, and promptly deliver rv the Government without demand receipis exidencistg <br />sous payments. <br />!$ To keep the gropers} insured as required by and under insurance policies approved by the Gavern.•neat and, at its <br />request, to deliver such polities to the Government. <br />!9; To maintain improvements in good repair and make repairs required by the Government; operate the proper.-y in a <br />good and husbardmanlike manner: comply with such farm conservation practices and faun and home management plans as <br />the Gavernmen~. from time to rime may prescribe; and not to abandon the propertn', or cause or permit waste, lessening or <br />impairment of the secucit}' covered 'hereby, or, without the vrrirten consen*, of the Government, cut remove, or lease any <br />timber, gravel,-oil, gas, coal, or other minerals except as may be necessary for ordinary domesric purposes. <br />! 10) To comply with aG laws, ordinances, and regulations affecting the property. <br />!11) To pay or reimburse the Government for expenses reasonably necessary or incidental to the protection of the $en <br />and priority hereof and to the enforcement of or the compliance with fire pravisiors hereof and a` the note and any supple- <br />mentary agreement !whether before or after default), including but not limited io costs of evidence of ride to and survey of <br />the property, costs of recording this and other instruments, attorneys` fees, trustees' fees, court costs, and expenses of <br />' advertisurg, selling, and conveying the property. <br />(12) Dleither the property nor any portion thereof ar interest therein shall be leased, assigned, sold, transferred, or <br />encumbered, voluntarily or otherwise, without the written consent of the Government. The Government shall have the sole <br />anu ^xdusive rights as mortgagee hereunder, including but not limited to the power to grant cansenxs, partial releases, <br />subordinations, and satisfaction, and no insured holder shall have any right, title or interest in or to the lien cr any bent-':=, <br />hereof. <br />(13) At all reasonable tunes the Government and its agents may inspect the property to ascertavr whcthet the covenants <br />and ageements contained herein or in any supplemertazy agreement are being performed. <br />(14} The Government may (aj extend or defer the maturity of, and renew and reschedule the payments cn, the debt <br />evidenced by the note or any indebtedness to the Government secured by this instrument, ;b release any party who is <br />Lable under the noce ar Eor the debt from liability to the Governme.^.t, !c) release portions of the property and subordinate <br />its Lien, and (d) waive any other of its rights under this instrument. Any and all this can and will be dune wi±haut affecting <br />the lien ar the priorty of this instrument ar Borrower's or an}' ocher party's liability to the Government fo: payment of the <br />note or debt secured by this instrument unless the Governmene says otherwise in writing. HvwEvE;c, any forbearance `vy <br />the Government-whether once ar often-in exercising any right or remedy under this instrument, or otherwise afforded by <br />applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. <br />;151 if at env time is shall appear to the Government that Borrower may be able to obtain a loan from a production <br />credit association, a Federal land bank, or other responsible cooperative or private credit source, at reasonable rates and terms <br />for loans for similar purposes and periods of time, Borrower will, upon the Government's request, apply for and accept such <br />loan in sufficient amount to pay the note and any indebtedness secured hereby and to pay for an}' stack necessan' to be <br />purchased in a cooperative lending agency in connection with such ]oan. <br />(16) Default hereunder shall constitute default under any other real estate, or under any personal property or odder, <br />security uastrument held or insured by the Government and executed or assumed by Borrower, and default under any such <br />other security instrument shall constitute default hereunder. <br />(17) SHOI,ZD DEFAULT occur in the performance or discharge of any obligation in this insuument or secured by this <br />instrument, or should the parties named as Borrower die or be declared an incompetent, or should any one of the parties <br />named as Borrower be declared a bankrupt, or an insolvent or make an assignment Ear the benefit of credieors, the G~vern- <br />ment, at its option, vith or without notice, may: !a) declare the entire amcunt unpaid under the rote and any indebtedness <br />to the Government hereby secured immediately- due and payable, {b) far the accotxrtt of Harrower incur and pay reasonable <br />e=penses far repair ar maintenance of and take possession af= a crate ar rent the property, ,c) upon apulicatian by it and <br />production of this instrument, without other evidence and without notice of hearing oi` said application, have a receiver <br />ap~ointed for the property, with the usual powers of teceiwrs in like cases, , d) foreclose this instrument as provided herein <br />or oy law, and (ej enforce any and all other rights and remedies provided herein ar by present ar future law. <br />i 1B? The ~raceeds of tareclasure sale shalt be a~dped in the faliawin= order to the payment aft '3i casts and expenses <br />incident £o en{tircing ar cam lying with the provisions hereof, (b) any prior liens required 'oq law ar a comldetent court to <br />be zo paid, i~) U ~ debt evidenced by t1;e Wore a,-dd all indebtedness to the ~ s,.trtr„tent setu~~d het~-y, -" ~°'°°~ a4ns <br />cdf reed-required by law at a cornpetent court twee sa paid, {el at £h= Gcv=srm~nt's option, a;.y c:her~i~t;.bt~c~fi~ ~-f <br />Bortower owing to or insured by the Government, and (f) any balance cv Burrower. At foreclosure or other sate of all or any <br />part of the property, the Government and its agents may bid and purchase as a stranger and may pay the Government's share <br />of the purchase price by cre,~iting such amount on any debts of Borrower owing to or insured by the Government, in the <br />order prescribed above. <br />(19j Bortowet agrees that the Government will not be bound by any present or future State law, (ai providing for <br />valuarion, appraisal, homestead or exemption of the property, {b) prohibiting maintenance of an action fez a deficiency <br />judgment or limiting the amount thereof or the time within which such action must be brought, (c) zescribin~ any other <br />statute of limitations, (d) aL'owing any right of redemption or possession foilowiug any foreclosure sale, or (e) tmtiting 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 the property to a new Borrower. Borrower expressly waives the benefit of any such State laws. <br />Bortower hereby relinquishes, waives, and conveys all rights, inchoate or consummate, of descent, dower, and curtesy. <br /> <br /> <br /> <br />