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<br />(6) To use the loan evidenced 6y the note solely for purposes authorized by the Government. ~ -- <br />' (7) To pay when due all taxes, Liens, judgmenu, encumbrances, and assessments lawfully attazhing to or assessed- <br />. against the property, including all charges and assessments in connection with water, water rights, and water stock'-- <br />pertaining to or reasonably necessary to the use of the real property described above, and all taxes and assessments levied-: <br />upon this mortgage or the note or any indebtedness hereby secured or against any Itgal holder hereof or of the note or of-:- <br />said indebtedness under the laws of Nebraska, and promptly deliver to the Government without demand icceipis evidencing ~:.',:: <br />such payments. - - <br />{8) To keep the property insured as required by and under insurance policies approved by the Government and, at ts•' <br />request, to deliver such policies to the Govemment. - <br />($) To maintain improvements in good repair and make repairs required by the Government; operate the~propertyrin a;';' <br />good and husbandmanlike manner: comply wit such Earm conservation practices and farm and home management platts'as~ <br />the Government from tune to time may prescribe; and not to abandon the property, or cause or permit waste, lessenftig-or`-' <br />impainnenc of the security covered hereby, or, without [he written consent of the Government, cut remove, ar Lease any <br />timber, gravel, oil, gas, coal, or other minerals except as may be necessary for ordinary domestic purposes. - <br />(10) Ta comply with all laws, ordinances, and regulations affecting the property. - <br />(11) To pay or reirn6urse. the Government for expenses reasonably necessary or incidental-to the g;otection of thrlien <br />i and priorit}' hereof andto [he ejnforeement of or the compliance with the provisions-hereof and of the note and-any snpplo- <br />"ihtntary agreement-(whethei before or after default), including but not limited to costs of evidence of titleto andsurvey-of - <br />tlte property, costs of recording this and other instruments, attorneys' Eees, trustees' fees, court costs, and expenses of <br />ddvertising, selling, and conveying the property. <br />(12) Neither the property nor any portion thereof or 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 />and exclusive rights as mortgagee hereundeq including but not limited to the power [o grant consents, paitial releases, - <br />sulaurdinuions; and s:tisf:rion, and ao insured-holder shall have any right, title or i:.terest in or to the lien ae-any-benefits- -- <br />hereof. <br />(13) At all reasonable times the Government and its agents may enspect the property to ascertain whether the covenants <br />and agreements contained herein or in any supglementary agreement are being performed. <br />(14) The Govemment may (a) extend or defer the maturity of, and renew and reschedule the payments on, the debt <br />evidenced 6}' the note or ano~ indebtedness to the Government secured by this instrument, {b} release any party who is <br />liable under the note or for the debt from liabilitq to the Government, ;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 wiU 6e done without affecting <br />the lien or the priorit}• of this instrument or Borrower's or any other garty's ]iability to the Government For payment of the <br />note or debt secured by this instrument unless the Government says otherwise in writing. HGWEVER, any forbearance by <br />the Government-whether once or often-in exercising any right ar remedy under this instrument, or otherwise afforded by <br />applicable law, shall not be a waiver of or preclude the exercise of any sudi right or remedy. <br />(151 If ar any time it shad appear ro 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 Cates and terms <br />for loans for shnilar purposes and periods of time, Borrower will, upon the Government's Bequest, apgl}' for and accept such <br />loan in sufficient amount to pay the Wore and am indebtedness secured 6ereb}• and to pay Eor any stock necessary to be <br />purchased in a cooperative lending agency in connection with such loan. <br />(16j Default htieundrr shall wnstitute default under :mv other real estate, or under any personal property or ot}trr, <br />security instrument held or insured by the Government aml executed or assumed by Borrower, and default under any such <br />other security instrtnntnt shall constitute default hereunder. <br />{17) SHOULD DEFAULT occur in the performance or discharge of any obligarimt in this instrument ~x secured by this <br />instrmncnt, or should the parties named as Borrower die or 6e declared art incompetent, or should art}' one at tltc parries <br />named as Borrower be-declared a bankrupt, or an insolvent or make an assigltietent foe the benefit of eredieoxs, the Govern- _ <br />ment, ar its option, -with or witiraut notice, tnay: (aj deciarr rite entire amat,utt unpaid un<IGr the ttott and :uty indebtedness <br />to the Goverrunenc ixerehy secured inmgdiatrl}• due and payable, ;b! Ear th,. accauttt e€ llarrowsr incur and p:t y reasottsble <br />expenses For repair or maintenance of and take possession oi, operate or remt the property, (c1 upon application by it and <br />productton of clr is inserument, without ocher evidence anti witnaut notice of hearing of` said- apghcattou, have a rrerivtr <br />apppintrd Eor [he property, with rite usual powers of receivers in Iikc• cases, !d) foreclose this instrument as provided herein <br />or by law, anJ (rl enforce any and all other rights and remedies pxuvideJ htreht ur 6y present or Eumrr law. <br />(18) The proceeds oC foreclosure sale shall be applied in the following order to rhr payment ref: (a) costs and expenses <br />ineidene to entordng or complying with the provisions hcreaC (b) any prior liens ruyuireti b}` law ar a competent court to <br />be sa paid, (c) the debt evidenced by the note and all fndrbrodness to the Government secured hereby, (<$') inferior liens <br />of record required by iuw or a competent court m be su paid, (e) at the Govrrnnteac's option, any other indebtedness of <br />Borrower owing to or insured 6y She Government, and ! f} env balance to Borrower. At fitrrchasure or other sale of all or env <br />put of the property, the Government and its agents may hill artd purchase as a stranger and may pay the C)oyrflnurnt's.shur <br />of the purchase price by de.~iting such amount on any deists ul Borrower owing to or insured by the Govertment, art the <br />order prescribed above. <br />- (1$) Borrower asters :hat rhr Government will trot be butind by env present ar future Steer iaw, (aj providing far <br />valuation, appsisal, homestead or cxrntption of the property, b) prohibiting maintenance of an action !vr a deficieuc}• <br />judgntrot or limiting rhr amount thereat oe rhr tune within which such action must be brought, (c} (nrseribin~ any other <br />ctatuta of lime€ations, (d) allowing a€ty right of redemption ut gussrsstun fohuwin8 any isnrclesurr seer, ur lel ~int&utg the <br />condieloas which the Gavrrnrnent ritay by rrgulatian irnposr, including the iutecest rate it nxak• cltargc, as a condition u( <br />agpruving-a transfer of tltr prngrrty to a new Borrower, Borrower expressly waives rhr benrht of any such State laws. <br />Borrower hereby relinyuiahrs, waive x, .tad .unveys all rrghes, inchoate or consummate, of descent, dower, unrl curtest'. <br /> <br /> <br />L__~, <br />