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r-- 81- tj(1~?87~ (8) To use the loan evidenced by the note solely for purposes wthorized by the Government. (7) To pay when due all taxes, liens, judgments, encumbrances, and assesurients lawfully attaching to or assessed against the property, including all charges and assessments in connection with wateq water rights, and water stock pertaining to or reasonably necessuy to the use of the real property described above, and all taxes and assessments levied upon this mortgage or the note or any indebtedness hereby ucured or against any legal holder hereof or of the note or of said indebtedness under the laws of Nebraska, and promptly deliver to the Government with tt demand receipts evidencing such payments. ($) TQ-keep the-pmgerty insured as required. by and under insurance policies approved by the Government and, at its request, to delivei such policies to the Government. ~9) To maintain improvements in good repair and make repairs required by the Government; operate the property in a go and husbandmanlike manner; comply with such farm conservation ppractices and farm and home management plans as the Government from time to time may pprescribe; and not to abandon the property, or cause or permit waste, lessening or impairment is _ t covered hereiiy, or, without the written consent of the Government, cut remove, or lease any timber, gravel oe- n"i+~ti cept as may be necessary- for ordinary domesric purposes. 10 Te m dL_d•$s; d regulations affecting the property. ( ) ~ti~ d t (11) To pay o for expenses reasonably necessary or incidental to the protection of the lien and priority hereof and to the enforcemen[ o or the compliance with rite provisions hereof and of the note and any supple- mentary agreement (whether before or after default), including but not limited to costs of evidence of title to and survey of the property, costs of recording this and other instruments, attorneys' fees, trustees' fees, court costs, and expenses of advertising, selling, and conveying the property. (I2) Neither the property nor any portion thereof or interest then-.in shall be leased, assigned, sold, transferred, or encumbered, voluntarily or otherwise, without the written consent of the Government. The Government shall have the sole anti exclusive rights as mortgagee hereunder; including ocit not limited m rho power to grant consents, partial releases, aubordinations, and satisfution, and no insured holder shall have any right, title or interest in or ro the lien or any benefits hereof: (13) At all reasonable times the Governient and its agenu may inspect the property to ascertain whether the covenants and agreements contained herein or in any supplementuy agreement are bevig performed. {14) The Government may {a) extend or defer the maturity of, and renew and reschedule the payments on, the debt evidenced by the note or any indebtedness to the Government secured by this instrument, ,b) release any party who is liable under the note or for the debt from liability to the Government.: cl release portions of the property and subordina[e its lien, and {d) waive any other of its riv~its under this instrument. Any and all this can and soil] be done without affecting the lien or the priority of this instrument or Borrower's of any other party`s liability w the Government for pa}'ment of the note or debt sectued by this instrument unless the Government says otherwise in writing. HOWEVER, any forbearance by the Government-whether once or often-in exercising any right or remedy under this instrument, or otherwise afforded by applicable law, shall not bt a waiver of or preclude the exercise of any such right or remedy. I15} IE at arty time it shall appear co the Government that Borrower may be able to obtain a loan from a prodtudoa credit association, a Federal land bank, or other responsible cooperative or private ccedit source, at reasonable cares and terms for loans for similar purposes and periods of time, Borrower will, upon the Government's request, apply for and accept such loan in sufficient amount to pay the note and any indebtedness secured hereby and to pa}' Eor any stock necessary to be purchased in a cooperative lending agency in connexion with such loan. (18) Default hereunder shall constitute deEaiiit under any other real tsute, or under any personal propeay or other, security instrument held ar insured by the Government and executed or assumed by Rottower, and default under any such other security instrument shall constitute default htmunder. {17} SHOULD DEFAULT occur in the performance ar discharge of any obligation in this instrument err secured by this instrument, or should the parties named as Bottower die or be declared an incompetent, or should any one of the parties rwned a; Borrower be declared a bankrupt, or an insolvent or make :ui assignment for the benefit of creditors, the Govern- tnent, at its option, with or without ~nott"ce, may: (a) declue the ensue amount unpaid under the note and any indebtedness t+i the Government hereby secured immediacely due and payable, 'b) for the accaurt of Borrower incur and pay rcasoriablt expenses for repair or maintenance of and take possession of, o crate or rent the property, (c) upon application b}' it and production of this instrument, without other evidence and without notice of heaniig of sazd application, have a receiver appointed for the propeay, with-the usual powers of receivers in like cases, ;d) foreclose this instrument as provided herein or by law, and (e) enforce any and all other rights and remedies provided herein or by present or Future law. (lg) The proceeds of foreclosure sale shall be applied in the following order to the payment uf: (a) costs and expenses incident co enforcing or comply ing wixh the provisions hereof, (b) any prior liens required by law or a competent court to be so paid, (c) the debt evidenced by the note and all indebtedness to the Government secured hereby, id} inferior liens of record required by law of a compecent court to be so paid, :ej at the Government's option, any other indebtedness of Borrower owing to or insured by the Government, and . ft any balance to Borrower. At foreclosure or other sale at all or an; part of the property, the Goverttmend and its ; -crate may bid and urchase as a stranger and may pay the Government's shoe of the purchase prise by treesiting such amounx on any debts of 9orrower owing to or insured by the Government, in the order prescribed above. (14) Borrower agrees that the Government will not be bound by any present ar future State law, (a) providing for valuation, appraisal, homestead or exemption of the property, (b) prohibiting maintenarue of an action For a defuiency judgment or limiting the amount thereof or the time within which such cation must be brought, !c) rescribing any other statute of limitations, (d) allowing any righx of redemption or possession following any foreclosure sale, or {t) [imiting eke conditions which the Government may by regulation 'impose, including the interest rate it map charge, as a condition of approving a transfer of the property to a new Borrower. Borrower expreul}' waives the benefit of any such State laws. Borrower hereb}' relinquishes, waives, an3 conveys all rights, inchoate or corsummate, of descent, dower, and ctutesy.