Laserfiche WebLink
,~___ <br />a~.c...~ <br />$1°~)02'~4~ <br />' ) 1-- O(J~53~ <br />{5) To use the loan evidenced by the note solely for purposes authorized by the (,...ernmtn <br />{7) To pay when due all taxes, liens, judgments, encumbrances, and assessments IawfuAy atta~g ~agttd watersstock <br />against the property, including all charges and assessments in connection with water, water rfgh <br />pertaining to or reasonably necessary to the use of the real property described above, and all taxes and assessments levied <br />upon this mortgage or the note or any indebtedness heishy secured or against any legal holder hereof or of the note or of <br />said indebtedness under the laws of Nebraska, and promptly deliver to the Government without demand receipts evidencing <br />such"payments. <br />4$j To keep tke roperty insured as requited by and under insurance policies approved by the Government and, at its <br />request, to d'eiiver such policies to the Government.. <br />(9) To maintain improvements in good repair and make repairs required by the Government; operate the property in a <br />goo and husbandmanlike manner; comply with such farm. conservatic:n practices and farm and home management plans as " <br />the Government from rims to [ime may prescribe; and noYYO abandon the property, or cause or permit waste, lessening or <br />itnpalrment of the security covered hereby, oq without the written consent of the Government, cut remove, or lease any <br />fvnber, gravel, oil, gas, coal, or other minerals except as may be necessary for ordinary domestic purposes. <br />{li3} To comply "tt„r,::st::,~."ai+tancet+aad-regulations affecting the property. <br />.. (11} To pay ox r; •~¢~rewt~ent fot9 expenses reasonably necessary or incidental to the protection of the lien <br />and priority hereof and ~ nt-of or t~ts compliance with the provisions hereof and of the note and any supple- <br />mentary agreement (w a "$"e£iu'1E), including but not limited to costs of evidence of title to and survey of <br />the property, cosu of recording this and other irrstzumerts, attorneys' fees, trustees' fees, court costs, and expenses of <br />(12) Neither ,the Property nor any portion thereof or interest therein shall be leased, assigne so trans erred, or <br />enceunbsred, voluntarily or otherwise, without the written consent of the Government. The Government shall have the sale <br />anu exclusive rights as mor[gagee hereunder, including but not limited to the power to grant consents, partial releases, <br />subordinations, and satisfaztion. and no insured holder shall have any right, title or interest in or to the lien or any benefits <br />hereof. <br />(13) At all reasonable times the Government and its agents may inspect the property to ascertain whether the covenants <br />and agreements contained herein or in any supplementazy agreement aze being performed. <br />(14} The Government may {a} extend or defer the maturity af, and renew and reschedule-the payments on, the debt <br />evidenced by the note or any indebtedness to the Government secured by this instrument, (b) release any party who is <br />liable. under the note or for the debt from liability to the Government, (cj release portions of the property and subordinate <br />its lien, sad ("d) waive any other of its rights under this instrument. Any end all this can and will be done without affecting <br />the lien or the priority of this instrument or borrower's or any other party's liab$ity to 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 />the Government-whether once or often-in exercising any right or remedy under this instrument, or otherwise afforded by <br />applieabh law, shall not be a waiver of ar preclude the exercise of say such right or amedy. <br />1151 If at env time it shat appear to the Government that Borrower may bt able to obtain a loan from a producdon <br />credit association, a Federal land bank, or other responsible cooperative or private credit source, at reasonable rates and terre. <br />for loans for similar purposes and periods of time, Borrower will, upon the Government's request, apply far 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 with such lean. <br />(15} Default hereunder shall conscirute default under any ocher real estate, or under any personal property or other, <br />security instrument held or insured by the Government and executed or assumed by Borrower, and default under any such <br />other security instrument sha13 constituee default hereunder. <br />- (17) SH011LD DEFAULT occur in the ptrformartce ar dist:harge of any obligation in this instrument or secured by this <br />instrument, oc should the parties named as Borrower die or 6e declared an incompetent, or should any one of the parties <br />- named as Borrower 6e declared a bankrupt, or an insolvent or make a» assignment far the benefit of creditors, the Govern- <br />- meat, at its option, with or without notice, rosy: !aj declare the entire amowrt unpaid under the note and any indebtedness <br />to the Government hereby secured immediately due and payable, 'bj far the account of Borrower incur and pay reasonable <br />expenses Eor repau or maintenance o! and tales possession af, apcrate ur rent t}te property. (c.-) upon application by is and <br />production of this instrument, without other evidence and without notice of hearing a saidd application, have a receiver <br />appointed for the property, with the usual powers of receivers in like cases, ':d? foreclose this instrument as provided herein <br />ar by law, and {e) enforce any and all other rights and remedies provided hereto or by presto[ or future law. <br />!1$1 The roceeds of foreclosure sale shall be applied in the following order to the payment of: {aj casts and expenses <br />itrcident to enforcing or campTying with the provisions hereof, b} any peter liens requued by law or a competent court to <br />be so paid, !c) the debt evidenced by the note and ail indebtedness to the Government secured hereby, {d) inftriar liens <br />of record required by law or a competent court to be sa paid, 'e} at the Government's option, any ether indebtedness of <br />Borsowet owing to or inswed by the Government, and {fj any balance to Borrower. At foreclosure or other sale of all or any <br />part of tlx rite Govrrttment and its agents mxy bid and purchase as a stranger and may pay the Government's share <br />of the ase pries by creating such amount an say debts of Borrawsr owing to or insured by the Government, in ti,e <br />tgtier ptescstbed shave. <br />(19) Borrower agrees that the Government will net be bound by any pzesevt ar future State law, (a} providing for <br />valuation, a sisal, homestead ar txempclan of the property, (bj prohibiting maintenance of an action for a de&ciency <br />judgment or limitit~ the amouar thtreaf ar tht tine within which such action muu 6e brauR~rt, {c} prescribing any other <br />statute of limitations, (d} allowing any rtght of zedemptior. or possession following any force ostrre sale, or (ej limiting the <br />conditions which the Government may by regulation impose, rnciuding the interest raze it map charge, as a condition of <br />approving a transfer of the property to a new Borsower. Borrower expressly waives the benefit of any such Seats laws. <br />Borrower hereby relinquishes, waives, and conveys all rights, inchoate er consummate, of descent, dower, and cunesy. <br />L._1 <br />L.~._ <br /> <br />