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<br />~I-U[1267~ <br />(6) To use the loan evidenced by ~,..'noce solely for purposes authorized by the C. ,.irnment: <br />(7j To pay when due all taxes, liens, judgments, encumbrances, and "assessments lawfully attaching to or asstsaed <br />against the- property, including all chars and assessments irs connection with water, water rights, and water stock <br />pertaining to oz 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 legal holder hereof or of the note or of <br />said indebtedneu under the laws of Nebraska, and promptly deliver to the Government without demand receipts evidencing <br />atcli-p'9ments. <br />(g} :??o keep-the property insured as required by and under insurance policies approved by the Government. and, at its <br />regnest, to delivei such eolicies to the ,Government, <br />((9) To maintain imppwvemenu in good reeppalr.and Ceske repairs required by the Government; operate the property in a <br />g6vd' and husbandmattliFe aunrser; comply vtnfh anch Fai3n conservation practices and farm and-home management plans as <br />the Government from titne„tji; dias~m:p~pt~etcn~re; and riot to abandon the peaperty, or cause or permit waste, Iesset~tg or <br />impairment of the security coveted hereby, or, without the written censent of the Government, cut remove, ar Rase 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 progeny. <br />(11) Ta pay or eeimburse the Government for expenses reasonably necessary or incidental to the protection of the lien <br />anti priority hereof and to the enforcement of or the compliance with the provisions hereof sad of the note and any supple- <br />montarq agreement (whether before or aftier default}, including burnat limited to 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 />adv'ertisittg, selling; and conveying the property. <br />(12) Neither the property nor any portion thereof or interest therein shall be leased, assigned, sold, trSnsferred, or <br />encumbered, voluntarily ar otherwise, without the written consent of the Government: The Government shall have the sole <br />and exclusive rights as mortgagee hereunder, including but not limited to the power to-gent consenu, partial releases, <br />stl6ozdirutioas; and satufution, sad no insured holder shall have any right, title or interest in or to the lien or any benefits <br />hereof. <br />(23) At all reuonable times the Government and its agents may inspect the property to ascertain whether the covenants <br />and agreements contained herein or in any supplementary agreement are being performed. <br />(14) The Government may (a) extend or deter the maturity of, and renew and reschedule the payments on, the debt <br />evidenced by the note or any indebtedness to the Government secured by this instrument, (b) release any party who is <br />liable under the note or for the debt from liability to the Government, (c} release portions of the property and subordinate <br />its lirn, and (d)-waive any other of its rights under this instrument. Any and all this can and will be done without affecting <br />the $en or the priority of this instrument or Borrower's or anv other parry's liability co the Government for payment of the <br />note or debt secured by this instrument unless the Government says otherwise in writing. HOWEVER. any forbearance by <br />she Government-whether once ur often-in exercising any right or remedy under this instrtunent. or otherwise afforded 6y <br />applicable law, shall not be a waiver of or preclude the exercise of any such rig)rt or remedy. <br />f15t if at anv time it shall appeaz 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 races 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 setured hereby and to pas for any stock necessary to be <br />purchased in a toopezative lending agency in connection with such loan. <br />(lfiJ Defavli hereunder shall constitute d..r::lt under arty other rtai estate, or under any personal property or other, <br />seetuity instrument held or insured by the Government and executed or assumed by Borrower, and default under any such <br />othu security instrument shall Constitute de€ault hereundec, <br />(27} SHOULD DEfiAULT otcur in the perforntantc or discharge of any obligation in this instrument ar secured by this <br />instrument, or should [he parries named as Borrcwer die or be declared art incompetent, or should any one of the parties <br />ttamr{l as Borrower 6e dechred a bankrupt, or an insolvent ur mane an assignmers[ for the benefit oC creditors, the Gavern- <br />met€ at its option, with or without nonce, Cosy: !a; dedue the entire amawu wtpaid under the Wore and any indebtedness <br />to the Government hereby setured immediately due and payable, (b? for the account of Borrower incur and pay reasonable <br />expenses foi repair or maintenance of and take possession of, a crate or rent the property, (t; upon application by it and <br />production of this instrument, wtithout other evidence and without notice of hearing rrt` said applicacicn, have a receiver <br />appointed for [he propeny, with the usual powers of receivers in like uses, .tit foreclose this instrvn:ent as pravlded her•i~ <br />a by law, attd ter enfores an}' and all other rights and remedies provided herein az by present ar future law. <br />(28} The praceeds of foreclosure sale sltasl be applied in the following order to the payment of: ±al costs and expenses <br />incidtns to enforcing ar tamplying with the provisions hereof, €;b} any prior liens required by -law or a competent court to <br />be ao paid, (c} the debt- evidenced by •he note and all indebtedness to cha Government setured hereby, {d} inferior liens <br />of record required by-law of a ctanpe[en[ court to be sa paid, ie} ae cite Government's option, any other indebtedness of <br />&lrnower ovring to ar insured by the Government, and {f} any balance ro Borrower. At foreclosure ar other sale of a(I or any <br />part of t~ prspetky, the Govcrntneat artd its agEats tray bid and purchase u a stranger sad may pay the Govzmmont's shxe <br />of the" put price by ue.siting such amount on any debts of Borrower owing to o, mcured by the Government, in the <br />asdtr prescribed above. <br />(19) Borrower agrees that the Government will not be bound by any present or future State law, (a} providing for <br />wluation, apptsisal, hgmestead of exemption oti the property, (b} prohibiting maintenance of an anion for a deficiency <br />judgnnFnt or limiting the amount rltFreaf at chc time within whit}t such action must be bt~ t, (t} rascribing any athez <br />ststtuic of limitations, (d] allowing auy right of redemption or possession following arty foreclosure sale, or (e} limiting the <br />conditions which the Government may by regulation impose, including the interest me it may thuge, as a conditiar. of <br />approving a transfer of the propeny to a new Borrower. Borrower expressly waives the benefit of any such State laws. <br />Bottawet hereby relinquishes, waives, and tursveys all rights, inchoate ar cons.unmace, of descent, dower, and curteay. <br /> <br /> <br />