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I;~al 'la ins,i¢ rt~he lwu~an i~u,r•is•ncr<i by tthr•~ ntrrte solelby N1in,r'lnwtrrprtna~e,ai~aa-t'16r ua~e~:i a}, ,~Pue^ G*~vu„ravra~mert.
<br />f7j "I'a pam+~ er~her. due..a!1 tasea, lit:ns., 3~.r~gca: rrruss„ e•nc~uu~nliraanca~F, auacV asisr_•s,uavse>>ir,* !.wftu lly .u, t~,.li:rg ~ta s>r dasiav:~i_31
<br />~aguuinst r~~hie p~a~+u~pert}~~, itEidltudinfr all cVu,ur~ear aaas9 q„wrea~rytrso:non art ec~ir~esmrs~ctur.~frb ~arith ~wanr~~rr, ~~water :•ights, aruu wars, ~-cau:k
<br />pert,:i,-h:g too reasonably necessary to the use of the real praaert}- described above, and all taxes and assessment levied
<br />upan this mortgage yr tl:e note or arty indebtedne s hereby secured or against any legal holder l;ereaf ,r of tl:e Hate ar of
<br />said indebtedness under the laws of Nebraska, and aromptIy deliver to the Government withou*_ demand zeceipxs evidencu:g
<br />such payments
<br />f$} Ta keep tl:e property insured as required by aad under insurance policies approved I:y the Government and, at its
<br />request, to deliver such policies to the Government.
<br />{9; Ta maintain improvements in gaud repair and make repairs cequued by the Government; operate the property in a
<br />gaoa and h*~-sbandmaa!ike manner; comnty will: such fa.-m canservacion ~ractices and farm and home managemenx plans as
<br />the Gavernment from time to time may prescribe; and not to abandon the property, or cause or permit waste, lessening or
<br />impairment of the security covered 'Hereby, ar, withou*_ the written consent of xhe Goverrunent, tut remove, ox lease any
<br />timber, gravel, oil, gas, coal, or other minerals except as may be necessary for ordinary domestic purposes. •
<br />{ 10; To comply with all laws, ordinances, and regulations affecting the property.
<br />{li} To pay or reimburse the Government for expenses reasonably necessary or incidental to the protection cf the lier:
<br />and priority h"~ieof and to the enforcement of or the compliance with tine pcovisions hereof and o the noxe and any supple-
<br />- mentary agreement (whether before or after defaultj, inducting but no[ !invited to costs of evidence of title to and survey of
<br />the property, costs of recording this and other instruments, attorneys' fees, trustees' fees, coup costs, and expenses of
<br />' advertising, selling, and conveying the property.
<br />(12) Neither the property nor any portion thereof or interest therein s?:all 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 exclusive rights as mortgagee hereunder, including but not limited to the power to grant consents, partial releases,
<br />subordinations, and satisfaction, and no insured holder shall have any right, tide or ineerest in or to the lien or any •t._neSts
<br />hereof,
<br />{13} At all reasonable times the Government and its agents may inspect the property to ascertain whether the cave, =His
<br />and agreements contained herein or in any supplementary agreement are being performed.
<br />(14) The Governtnent may {al extend nr det`er the ma[urity of, and renew and reschedule the payments on, the debt
<br />evidenced by the Hate ,r am• indebtedness to the Gavernment secured by this instrument, (b) release any party who is
<br />liable under the note or for [he debt from liability to the Government, (c) release portions of the property and subordinate
<br />its lien, and {d,+ waive any other of its rghts under xhis instrument. Any and all this can and will be done without affecting
<br />the Lien or the priorty of this instrument or Borrower's or any other party's liability to the Government far payment of ~e
<br />note or debt secured by this instrument unless the Govcrnmert says otherwise in writing. HOWEVER, any forbearance by
<br />the Gavernment-whether once or 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 ar remedy.
<br />{IS) If at env time it shall appear to the Government chat Borrower may be able to obtain a Loan from a production
<br />ctYdu assotiaxion, a Federal land bank, or other responsible cooperative or p[ivate credit source, ac reasonable rates and terms
<br />for loxris at';imila5 purposes and periods of time, Borrower wui, upon the Government's request, apply for and accept such
<br />Igatt in'suffuient. $rstount to pay the note and any indebtedness secured hereby and to pay for any stock necessary to be
<br />purchase8?n:a cooperative lending agency in connection with such loan.
<br />ice)-:f~~aidt hr~ttnder shall constitute default under any other real estate, or under any personal property or other,
<br />_:: secyn~y instrmnent lord ar insured by the Government and executed or assumed by Borrower, and default under any such
<br />--.otheCsecunty instrumpszt shall constitute default hereunder.
<br />(17j SHOULD-€~EFAULT occur in the performance or discharge of any obligarion in this instrument ar secured by this
<br />itisxrument, ar shQvld the parries named as Borrower die or be dedazed an !ncomaetent, or should any one of the parties
<br />nauikd u Bavawer be dedazed a bankrupt, or an insolvent or make an assignment for the benefit of creditors, xhe Govern-
<br />ment, of its o~ttion, with or without notice, may: {a) declare the enfue amount unpaid under the note and any indebtedness
<br />to xhe Covern[nent hereby secured immediately due and payable, (b) for the aa-ount of Borrower incur and pay reasonable
<br />' prr~es tar repair or maintenance of and take possession of, opperate or rent the property, (cj upan applicaxion by it and
<br />production of chic instrument, without other evidence and ulthaut native of heazing of said application, have a receiver
<br />appointed for the property, with the usual powers of receivers in like cases, {di foreclose this instrument as pra..•idcd herein
<br />err by law, and fel enforce any and all other rights erect remedies provided herein or by present or future law,
<br />{1°) The 'oCeCC''.s of foreclosure salt shay; °:.~ applied v. urce following order Ca tltc paymen[ of: ?costs and expenses
<br />incident to enl~orcin¢ or comnlyine with the provisions hereof, ;b1 any prier lime rQ _red h4 ta..• n
<br />be sa paid, (e) ths: debt evidenced by the note and alY indebtedness [o the Governmen[ secured herebv~. 'd} inferior hens
<br />of record requited by taw ar a competent court to be so paid, (e; at the Government's option, any ether indebtedness of
<br />Borrower owing co or !nsured by the Gavernment, and ;fl any balance to Borrower. At foreclosure or other sale of all o: am
<br />part of the ~roperty, the Government aad its agents may bid and purchase as a stranger and may pay the Government's share
<br />of the pure..ase price by ever-iting sod: amount an any debts of Borrower owing to or insured by dre Government, in t!re
<br />order prescribed above.
<br />{19) Banowe: agrees that the Gas~rnment will not be bound by env present ar tuturc State law, ai providing for
<br />valuation, appraisal, homestead or exemplion of the property, !b) prohibiting maintenance of an action for a deficiency
<br />judgmrnt or limiting the amount thereof or the time within which such action must be brought, (c) rescribia:g any other
<br />statute of limitations, fd} allowing any right of redemption or possession following any foreclosure sale, ar fa`' limiting the
<br />conditions which the Government may by regulation impose, including the interest rate it ma • charge, ~s a condition of
<br />approving a transfer of the property to a new Borrower. Borrower expressly waives the benefit of any sucl+ State laws.
<br />Borrower hereby relinquishes, waives, and conveys all rights, inchoate ar consummate, of descent, dower, and curtest'.
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