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<br />(6) To use the loan evidenced by the note solely for purposes authorized by the Government.
<br />(7) To pay when due all taxes, liens, judgments, encumbrances, and azsesanents 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 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 indebtedness under the laws of Nebraska, and promptly deliver to the Government without demand receipts evidencing
<br />such payments.
<br />{8) To keep the property insured as required by and under insurance policies approved by the Government and, at its
<br />request, to deliver such policies to the Government.
<br />(3) To maintain improvements in good repair and make repairs required by the Government; operate the property in a
<br />good and husbandmanlike manner; Comply with such farm conservation practices and farm and home manageme~~h.+< az
<br />the Gnvertiment from time to time may rescribe; and not to abandon the property, or cause er permit w~ te, lessening or
<br />impainnenf of 'thout the written consent of the Government, cut remove, or lease any
<br />timber, gravel,-oil oal, orb' s~'~'~b° t as may be necessary for ordinary domestic purposes.
<br />(IU) , To co ~;. regulations affecting the property,
<br />(11) To pay or reimburse a overn r expenses reasonably necessary or incidental to the protection of the lien
<br />and priority hereof and so the enforcement of or the compliance with [he provisions hereof and of the note and any supple-
<br />mentary agreement (whether before or after default), including but not limited to costs of evidence of title to and survey of
<br />the property, costs of recording [his and other instruments, attorneys' fees, trustees' fees, court costs, and expenses of
<br />advertising, selling, and conveying the property.
<br />(12j Neither the property nor any portion thereof or jnterest therein shall be leased, assigned, sold, transferred, or
<br />encumbered, voluntarily or otherwise, without the written consent o£ the Government. The Government shall have the sole
<br />anu exdusire rights as mortgagee hereunder, including but not limited to the power to grant consents, partial releases,
<br />svbordinations, and satisfaction, and no insured holder shall have any right, ride ~.,r interest in or to the lien or any benefits
<br />hereof.
<br />(13) At all reazonable times the Governmen[ 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 defer the maturity of, and renew and reschedule rte payments on, the debt
<br />evidenced by the note or any indebtedness to the Government secured by this instrument, (b) release any parry who is
<br />liable under the note or Eor the debt from liability 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 will be done without affecting
<br />the lien or the priority of [his instrument or Borrower's or any other party's liability to the Government for payment of the
<br />torte or debt secured by this instrument unless the Government says otherwise in writing. HOWEVER, any forbearance by
<br />the Government-whether once or often-in exercising any right or remed}' under this instrument, or otherwise afforded by
<br />applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />(151 If at env time it shall appear to the Government that Borrower may be able to obtain a lean From a production
<br />credit association, a Federal land bank, or other responsible cooperative or private credit source, ac reasonable rates 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 secured hereby' and to pay for any stock necessary co be
<br />purchased in a cooperative lending agency in connection wi[h such loan.
<br />(16) Default hereunder shall constitute default under any other real estate, or under any personal property or other,
<br />ucurity instrument held or insured by the Government and executed or auumed by Borrower, and default under any such
<br />other xcurity instrument shall constitute defauk hereunder.
<br />{17) SHOULD DEFAULT occur in the pt.formanee or discharge of env obligation in xhis instrument or secured 6y this
<br />instrument, or should the par[ies named as Borrower die or be declared an incompetent, or should any ene of the parties
<br />named az Borrower be declared a bankrupt, or an insolvent or make an assignment for the benefit of creditors, the Govern-
<br />ment~.r its option, with or withou* notice, may: (a) declare the entire amount unpaid under the note and any indebtedness
<br />to the Government hereby secured immediately due and payable. (b) for the account o£ Borrower incur and pay reasonable
<br />expenses Eor repair or maintenance of and take possession of, operate or rent the property, (c) upon application by it and
<br />production of this instrument, without other evidence and without nonce of hearing of said application, have a receiver
<br />appointed For [he property, with the usual powers of receivers in like cases, i,d) foreclose this instrument as provided herein
<br />of by law, and (e) enforce any and all other rights and remedies provided herein or 6y present of future law.
<br />{18) The proceeds a£ foreclosure sale shall be applied in the following order to the payment of: (aj costs and expenses
<br />incident to enforcing or ~omPlying with the provisions hereof, (b) any prior liens required by law or a competent court to
<br />be so paid, (c) the debt evidenced by the note and all indebtedness to the Government secured hereby, id) inferior Iiens
<br />of rernrd required by law or a competent court to be so paid, (e) at [he Government's option, any other indebtedness of
<br />Borrower owing to or insumd by the Government, >nd (f) any balance to Borrower. At foreclosure or ochersale of all or any
<br />part of the property, the Government and its agents may bid and purchaze az a stranger and may pay the Government's share
<br />of the purchase price by cre~siting such amount on any debts of Borrower owing to or insured by the Government, in the
<br />order prescribed above.
<br />(19) Borrower agrees that the Government will not be bound by any present or future State law, (a) providing for
<br />valuation, appraisal, homestead or exemption of the property, (b) prohibiting maintenance of an action Eor a deficiency
<br />judgment or limiting the amount [hereof or the time within which such action muse be brought, (c) rescribing any other
<br />statute of limitations, (d) allowing any right of redemption or possession following any foreclosure sale, or (e) limiting the
<br />conditions which the Government may by regulation impose, including the interest rate it may charge, as a condition of
<br />approving a transfer of the property co a new Borrower. Borrower expressly waives the benefit of any such State laws.
<br />Borrower hereby relinquishes, waives, and conveys all rights, inchoate or consummate, of descent, dower, and curtesy, n
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