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79--~~3~Y'a~,~i~m
<br />(6) To use the loan evidenced by tree note solely far purposes authorized by the t,~vernment.
<br />(7) To pay when due all taxes, liens, judgments, encumbrances, and assessments Iawfuly attacl:utg to ar assessed
<br />against the property, including all charges and assessments in connection with water, water rights, and water stock -•t
<br />pertaining to ar reasonably necessary to the use of the real property described above, and all taxes and assessments ferried 1
<br />upon this mortgage ar the note ar any indebtedness hereby secured or against any legal holder hereof or of the note or of
<br />said indebtedness under the laws of Nebraska, and promptly deliver to the Government without demand receipts evidencing
<br />such payments.
<br />(S) To keep the property insured as required by and under insurance policies approved by the Government and, ac its
<br />request, to deliver such policies to the Govemmenc.
<br />(9) To maintain improvements in good repair and make tepees required by the Government, operate the property in a
<br />good and husbandmanlike manner; comply with such farm conservation practices and farm and home management plans as
<br />the GovernmenC from time to time may prescribe; and not [o abandon the property, or cause cr permit waste, lessening or
<br />impairment of the security covered hereby, or, without the written consent of the Government, cut remove, or lease any
<br />timber, gravel, oil, gas, coal, or other minerals except as n:ay be necessary for ordinary domestic purposes.
<br />110) To comply with all laws, ordinances, and regulations affecting the propert}'.
<br />(11) To pay or reimburse the Government for expenses reasonably necessary or:irteidental to the protecrion of the lien
<br />, and priori[}' hereof and to the enforcement of or the compliance with the piovtsions hereof and o' the note and any supple-
<br />merstary agreement {whether before or after default),vtcluding but not limited Co 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, selling, and con-reying the proper[}.
<br />(12) Neither the property nor any portion t:•ereof or interest therein shall be leased, assignc d, sold, transferred, or
<br />encumbered, voluntarily or otherwise, without the written consent of the Government. The Government shall have the sole
<br />attd exclusive rights as mortgagee hereunder, including but nut limited to the power to bunt consents, partial releases, -
<br />subordina[imts, and satisfaction, and no insured holder shall have any right, title or interest in or to the lien or any benefits
<br />hereof.
<br />(13) 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 supplrmencary agreement are being performed.
<br />(Iq) The Government may (a) extend or defer the maturity of, and renew and rrsehedwr the payments on, the debt
<br />evidenced by the Hate or any indebtedness to the Government secured by this urstrument, fb) release any party who is
<br />liable under the note or for dte debt from iiabilit}` to the Gavrrnrnent. ,c) release portions of the property and subordinate
<br />its Iirn; and id) waive anv otltrr of its . nbts under rite. =aslr,...._ any nd ,11 t!:is ~ ^•~ ~ =ill br eta .:ho..~ of ~;:ting
<br />the lien or the priority of this instrument or Harrower's or anv other party's liability to.the Government far payment' of the
<br />note or debt secured by this instrument unless the Government says otherwise in writing. HOWEVER, any forbraranae b}'
<br />the Governmen[-wlrethrr once or often-in exercising any right or remedy under this instrument, or otherwise affarrled by
<br />applicable law, shall Hoc be a waiver aE or preclude the exercise of any such" right or remedy.
<br />(15? If a[ anv eime it shall appear to the t3ovrrnmen[ that borrower m..y br able co ob[ain a loan from a pru~~uction
<br />credit association, a Federal land bank, or other responsible cooperative of private credit sourer, at reasonable. rates.;and terms
<br />for loans for sim$u purposes and periods of tirrte, Borrower will, upon the Governments request, apply for and atlce)",rt such
<br />loan in sufficient amount to pay rhr note and any indebtedness secured hereby and to pay 'for any stock necessary to be
<br />purchased in a cooperative lending agency in connection with such lout.
<br />(16) Default hereunder shall constitute default under an}' other real estate, or unde`r;utys personal property or other,
<br />security istrument held ar instved by rhr Government and executed or assumed by Borrower, and default under any such
<br />other security instrtunrnt shall constitute default hereunder.
<br />(17) SHOULD DEFAULT occur ut Ill[ performance or discharge of any ohiigatian iu this instrument ox secured by this
<br />instrument, or should the partir<_ n.uned as Harrower die or be dcc~lared :ut incompetent, err should any one of the parties
<br />Honed as Bocrowrr be drrlarrd a bankrupt, ~r au utsolvent rn make an asxignmrnt ter the benefit oC rrrditors, the Govent
<br />:Went, at its opriixn„ will[ or without notice, enay~ (a;. tier°lare the entire amount unpaid under the noes and ~ns'tnc'icbcrtlness
<br />to tlrc Government hrrrl;y secZrred immrdtatrly dr,r anti payable, t~b i for rhr account of Borrower incur and pay tc:aaunaUlr
<br />exptrtsea for repair nr tnaintrnancz of and take gussrssian aI", op crate ar rent the property, tc? upon applicarion lay it t<nd
<br />production of this instrument, without other rvidrntr aura witfiuut neticc of hearing of said applscat~on, have a rttceiver
<br />ap}trrnted for tltc prapern w rh tier usual pr}.wrrs <.f rcr tyre to hkr ices, td to:ecldse this instr.mtrnt as provialtr'l hetrfn
<br />~ _v law, atrci ts? et €<~r€e n €.d all .rk~ r€gl€€ ? rgttt;'3a=e p.rr-:r' ; tt _r ~y p:= _;:t :::.__..._ .-_.
<br />(1~) Thr proceeds ui torcclosure v;tlr shall ar applied m the following order m the oavmertc ! ,•csc ,1.;,~ ,<pa
<br />v ~.,~
<br />itt:irrt tc3 rntoreing arc ;m~lying wst#r ehe pr^visians Hereof (b) any prior 1trrts cetluired 6y law ar a rnntpt rent t°,uun to
<br />so ~r~ ;c I~rr clear rwarnrcd by rhr Harr and ail indeL+rednzst to the {,r,vrrrtntent secured hrr.by, ttl ittfrriot €icns
<br />of retard required by law or a cornpctent court to be so paid, (el at the Government's option, any other indebtedness of
<br />Borrower owtnc to or inautrd by the Government, and f) any balance to Hotrower. At foreclosure or otltrr sale of all ur anv
<br />put ttf fire pproperty, the Government and its agents may bid and purchase as a s[ranger and ma}' pa}° the Government's share
<br />of the purchase price by cre,'iting such amount wr anv debts of Burrower owing, to or in>uted l+y rhr <'uvrrntnent, in the
<br />order prescribed above,
<br />(19) Borrower agrees that the C;oventrnent will not be bound by any present or future State law, ia' providing for
<br />valuation, appsisal, homestead Ur exemption of the properly, (h; prnhibitiag maimcnancc of an ac[iun !at a drficirncy
<br />yudgmsnt or limiting the amount thereof or the time within which such action must br brought, (c1 prracribing, anv other
<br />statute of limiwtions, (d) allowing any right al redemption ar pussrssiun following guy lorrclasurr sale, err :: hnriamg the
<br />conditions which the C=avernmrns tray by regulation impose, including rhr intrust rate it n.ay charge, a. .. ton of
<br />approving a tranafrr of rhr property to a new Horrowrr, Horrower esprrssly waives the benrtir of anv such Stucr laws,
<br />Borrower hereby relinquislms, waives, and conveys all nghtx, utahoate or ronsanunate, of descent, dower, and cartrsv,
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