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<br />81-H0198U <br />(fi) To use the. loan evidenced by the note safely for purposes authorized by the Government. <br />(7} To pay when dtte all taxes, liens, judgments, encumbrances, and assessments lawfully attaching 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 reasonablp necessary to the use of the real property described above, and all taxes and assessments levied <br />upan"this mortgage or the note or any indebtedness hereby ,e:urcd or against any legal balder hereof or of the note or of <br />.debtrdrress under tiro laws of I3ebzaska, and promptly deliver to the Government without demand receipts evidencing <br />such payments. <br />($) To keep t~tt gruperty insured as required by and under insurance policies approved by the Government and, at its <br />rtqueat, to deliver such policies to rht Govemment. <br />(4} To maintain improvements in good repair and make repairs required by the Government; operate the property in a <br />good and husbandmaniike manner; comply with such farm conservation pradices and farm and home management plans as <br />the £itwertzment from tame to time may restrtbe; and not to abandon the property; er cause or permit waiie, lessening or <br />mspaument oft ;~s~xent7""-~~}r,.•~c.. ithout the written consent of the Government, cut remove, or lease any <br />timber, gravel o• g;~,~ oaI o~4S'Sh~~~~t as may be necessary For ordinary domestic purposes. <br />(IO) To cort~~-~ ws, ~yy,°,„'~,~ re},rulations affecting +he property. <br />(il} To pay or te'unbur3eil=ie Go'+ilttYt~t2'rit tAr expenses reasonably necessary or incidental to the protection of the lien <br />and priority hereof and to the enforcement of ar the compliance with tiro previsions hereof and of the note and any supple- <br />rnentary agreement (whether before or after default}, including but not limited tv costs of eaidence of title to and surny of <br />the property, cgsu of recording this and other instruments, attorneys' fees, trustees' fees, court costs, and expenses of <br />advertising. selling, and conveying the property. <br />(12) Neither the pproperty nor any pardon thereof or interest therein shall be leased, assigned, sold, transferred, or <br />encumbered, voluaeazily or otherwise, without the written consent of zhe Government. The Government shall have the sole <br />anu excinsive righu as mortgagct hereunder, including but not limited to the power to grant consents, partial releases, <br />mbordiaationa, and satfsfution, and no insured holder shall have any riKhc, title yr interest in ar to the lien or env bene£[ts <br />hereof. , <br />!13) Rt ail reasonable tunes the Governmene and its agents map inspett the property to ascertain whether the covenants <br />and agreements contained herein yr in env supplementary agreement are being performed. <br />(14S The Government may !aj extend or defer the maturity -,(. _nd renew and reschedule rht paymenis on, the debt <br />evidenced by the note or env indebtedness to the Govecnnt east secured by this inscrumen[. ;b; release any- parry who is <br />liable under the note ar for the debt from liability to the Gaveenmrrt, c; release portions of the property and subordinacc <br />its lien, and (d} waive any other of its rights under this instrument. Anv and all this can and wili be done without affectinr~ <br />the lien or the priority of this instrument yr Borrower's or any ochry peen's liability tv the Government 1cr payment of the <br />note ar debt secured by this instnsmcnt unless the Government says otherwise in writing. NGWEVER, any forbearance by <br />the Government-whether once or often-in exercising any right ar remedy under this instrument, or otherwise affvrdtd_by <br />applicable law, shall not be a waiver ~} ..- n•_r?;;ar the exercise of an :• such ngiu or remedy. <br />(251 tf ar azw time it shall appear to the Government that Bvrrower rzray be able to obtain a loan from a production <br />credit association, a Federal land bank. or other rrsponsibla cooperative yr private credit source, at reasonable rates and terms <br />far loans for simi}ar purposes and periods of rime, Borrower will, upon nc~ Government's request, apply far and accept such <br />loan in sttffictent amount to a}' ihr note and any indebtedness secured hereby ,nd tv pay Ear any stock necessary to be <br />purchased in a cooperative lending agency in connection with such loan. <br />(16) Defauh hereunder sha1S constitute default under any other :-cal estate, ur tin ire ~ rrsona« peanerty ._,e ~,tl.rr, <br />s*_curiry instr:_tnen=. held ~r irsu~rd by the %;ovetnmenc and executed ur assumed by Borrower, and default under env such <br />other security instrument shall constitute default hereunder. <br />(,17} SHOULD iaEFAULT occur in the pcrfannance or dixhargr of airy obligation i^ [his instrunrcnr ur secured by this <br />instrument, or should the parties named as Borrower die or be declared an incompetent, or should env ,?ne of the parties <br />named as Borrower be declared a bankrupt, ar ,,, ir~solvtnt ur make an assignment our the benefit of ttrditors, the Govenr- <br />ment, at its option, wrih yr without notice, may: jai declare the entire arnvuat unpaid under the hate and env indebtedness <br />to the Gaveraunent hereby secured immediately due and payable, 'b for =.he arevunt of Bareower incur and pay reasonable <br />'expenses for repair or maintenance of :utd cake possession af, vQerate or rent the property. 'ci upon application by it and <br />aroductioG of this instrument, without other er:dence and withvur notice of hearing of said application, have a receiver <br />appaineed for the propersy, with the usual powers of receivers in like cases, `d foreclose this instrument as provided herein <br />or by law, and !ej enforce any and all other righu and remedies provided heron or by present yr future law. <br />(lgj The proceeds of foreclosure sale sh~ti t.e applie:l ir, the following order to the payment uf: aj casts and expenses <br />incident to enforcing or complying with the provisions hrreoC, b) any prior liens required by lbw oe a camgezeut court [o <br />be so paid, !cl the deb. e:z,.er•.ced by zhe note and all indebtedness co the Government secured hereby, {d) inferior Lens <br />of record required by law or a compeeenc court to bt sa paid, iri at the Gayecnritenz's up[ion, zny ocher indebtedness of <br />B^rm~~r awing to or insured by the Govtrnnttnt, and ; f} any balance to Burrower. Ac foreclosure or other sale of all of an}' <br />pare of the property, the Government and its agenu assay bid and~rurchase as a stranger and may pay the Government's shazc <br />of dye purchase prtee by cre.:itirtg sudt amount on any cieuts of Borzvwer owing to or insured by the Government, in the <br />order prescribed above. <br />(19) Borrower agrees chat the Govezrrtttene will not br bound by any present yr t`ueurr Sate law, a providing for <br />valuation, appraisal, hattustead or exemption of rite property, b prohibiting maintenance of an action for a deficiency <br />judgment or limiting the amoun[ therevt ar the tune within which such action must be brought, c' reurihing any other <br />statute of limiratiors, (d) allowing any right of redemption or possession fallowing any `foreclosure sal , yr e) limiting the <br />conditions which the Govetnment may by regulation impose, including the interest rate it m-y charge, as a condition of <br />approving a [taruftr of ehe property to a new Borrower. $orrawer expressly waives the benefit of any such Stale laws. <br />Borrowtt hereby relinquishes, waives, and conveys aL tights, inchoate or consummate, of descent, dower, and curtesv. <br /> <br /> <br />