|
I
<br />f~I_..-~Cf3~~~ -~
<br />(bj Ta use the }oan evidenced by the note solely for purposes authorized by the GavrrnmenF.'
<br />(7} To-pay when due all taxes, liens, judgments, encumbrances, and assessments lawfully attaching to or assessed
<br />against the property, including aIF charges and assessments in connection with water, water rights,- and water stock
<br />pertaining to at reasonably necessary to the use of the teat property described above, and all taxes and assessments levied
<br />upon ibis mortgage or the Aote or any indebtedness hereby secured or against any legal holder hereof or of the note or of
<br />said ixsaebtedaeas under the taws of Nebraska. and promptly deliver to the Government without demand receipts evidencing
<br />such payments.
<br />($) To keep the property insured as required-by and-under insurance policies approved by the Government and,-xt its
<br />request, m deliver such policies to the Government.
<br />41 To maintain impprovements in good repair and make repairs required by the Covernmenr: operate the property in a
<br />g~ and husbandmantike manner. comply with such farm conservaxion ~racrices and farm and home management plans as
<br />the Government'frdm titter to tiiue may pprr66cribe, and not co abandar, the property, or cause or permit wasxe, lessening or
<br />sapairrrtea[ ~sf the seeuritp covered betzliy; or, without the written consent oY the Government, cut remove, or tease any
<br />titttber, gravel, oil; gas ec+al, or atlret_mineT~ <xctpt as may be necessary Tar ordinary dom<stic purposea.
<br />t 10) -Tdcompiy with all lawn, ordinances, and regtr}ations affecring the pmperxy.
<br />`i1) Ta pay at reunburse tht Government far expenses reasonably necessary or incidental co the protection of the lien
<br />and pttority hereof and to the enforcement of or the compliance with [ire provisions hereof anti of the note and any supple-
<br />tflet3tary agreement[ ?wttttllrr before or afire drfanlTl, inClndinE bUT not {invited to tas[a of eyltlenCe of title 20 and survey of
<br />the proprrty, costs of recording this and ether instruments, attorneys' fees, trustees fees. court casts, and expenses of
<br />advertising, selling, and conveying the prop<rty.
<br />,12t Neither the property- nor any portion thereof or interest therein shall be ieaud, assigned, sold, transferred, or
<br />encumbered, voluntarily or otherwise, without the written consent of the Government. The Government shall have the sole
<br />aau exclusive rights as mongagee hetevncier, including but nat',imited to rte pawn to pant c.arzsents, partial.reltases,
<br />stibordinations, and sacisfaciion, and no insured holder shall have any right. titre err interes*_ in or to rite lien or any beneftts
<br />hereof.
<br />:;131 At all reasombta times the Government and in agents may insaect the property to ascertain whether the covenants
<br />and agreements contained herein or in anti supplementary agreement are being performed.
<br />ld) 21tt Government may (al ez2end or defer the maturity of, and renew and :eschedult the ppayments on, the debt
<br />evidenctd by the note err anti indebtedness to the Government secured 6y this instrument, i b? release any party wltu is
<br />liable undo the note or for the debt from liahi}in~ xo the. Gayernmenz, :c; release poctians of the property and subordinate
<br />its lien, and !d;; waive anti other of its rights under this instrument.:any anti ai} this can and will } r done without affeccin¢
<br />tht lien or the priority of this instrument or Borrower's err any ether darn's liabilicv to the Gorerament for payment of the
<br />note or debt secured by this instrument •_,rless the <";~~vernrneat saps r.*i}<:~vrsc :n ,vrrt:niz, ktOWGVER, any iorbearancr by
<br />the Government-whuher ante or often--in <sercisinQ any ritj±t r rcntedt' •~nuer this instrument, ~^r otherwise afforded by
<br />app$eable taw, shall not br a waiver of or peeeiude the cxtrcise ~.ti anti <uch =tzi:t et rtrnrdy.
<br />t15' If ac anti time it sh~ appeaz ra the Govemmenc that Barntwer may be able to vbtaut .. loan t`rom a production
<br />uctiii association, a Federal land bank, err other responsi'olr cooperative err private credit a>urce, at rvawnable rates and terms
<br />for loans for similar purposes and periods of rim<, Harrower vvttl, upon the Government's request, app}} for and accept such
<br />loan in sufficient amount to pay the Hate and arty iredebtedrrss secured hereby and to pay far any stack necessary to 6e
<br />purchased in a coopuative ltn mg agency in car nrctior. with such loan.
<br />id6i 1?rfault hereunder shall constitute drfauix under xity other real estate, err under any personal property err other,
<br />security instruntrnt Reid at iosurtd ixy tttr Govcrnmrnt and rxrcuted <+r assumed by Borrower, :.red default under any such
<br />other secttitity instrument ;hail constitu€e : efault :<ereunder.
<br />1?; SHOULf) DEFAULT .scut in the perforretance -ur discia-arge of any obligation in this vesttument ur secured by this
<br />instrument, ar should flee parries nom<.i as Borrower die ox br d<clar<d arc incornp<tent, err sF,ould any one of she parties
<br />ctatised as Banuwer br declared a banlcrup€, err an inwivent or made err. assigotuent [err rise benefit t,f creditors, the Govern-
<br />taent, at its option, with err wit}eaut Halite; may: 'a deciar< tttt emir atttouttc unpaid under the Holt and any indebtedness
<br />to rite Government h<rehy secured immediatriy due and payable, -;b? for the account of Porruwer incue and pay reasonable
<br />expenses far iCpdit Or mainteAancr al a€!ci Ea![C pU55raa4an -17. `?pera Cr !•i r<EF{ t}t< prap<TYV. E upon apptrGdGton by l[ and
<br />production aE :his instrument, without other evidence and without notice at hearing ref solo application, have a reteivtr
<br />appointed t`or the prop<r[y, with the usual powers of czcrivc;s in like uses, d~ for<ciosr rEtis instrument as provided herein
<br />trz by taw. and !r enforce any astd all ,other rig3.,ts and rrmccLes pr~vtded }±<rein er by pr<srn{ r_,r future law.
<br />' 18j T'he pproceeds aE fcteclasutt sal< sl[a;l tut appli<d in the following ardor to the payment ~,f. ; a, cosu and exprnua
<br />incidtnt to en(arcing or tampplyittg with the provisions l;t:col, ;hj any prior liens required Icy law x . cexapetent court to
<br />lac so paid, Vic) the debt rvidtnecd by the Hate and alt. indtbudnrs3 ;o the Gavernnn:nt secured h<rrby, 'd} inferior liens
<br />of retard reyuirtd by law at a ca[upetent court to b; so paid, :el at rhr Gavsrnnecnt's option, any other indebtedness of
<br />8arrawet owing. to err inauxed by tilt GoverrtmenY, and ; tj any balance to Bcrrower. At forrclasure ur other sale of all or any
<br />put of the propcrsy, the Gavernmtnt and iu agrees may bid and~rsutchasr +s a suanger and may pay the Government's share
<br />of the, puts aae prier by crt.:i:ing such amount on any dents at i3orrowr. t>v:ing to oru+sured by the Government, in the
<br />alder pceurdted above.
<br />(I9) 9iuiowci agates that the Gavrrnu:cat wilt Hat be bound by any present or future State law,ai providing for
<br />vatttatton, appraisal, homestead or rxetxxlttion of t}rt oraperry, 'et prohibi:iag ntainterarce of an actiotr #or a de~uitncy
<br />jud~nent or limiting [he amount t}xereol or :he tirnt within which <uch action rnust be hrou- t, 'cj rturittin ° any other
<br />statists of limitations, d} allowing any right of redeAtptian at posizss.ot: fallowing any forecftssurt sa~<, or +,ej ~imiting the
<br />condiciana which the Gaverruncut ma` b} reguiatian impose, including t}se interest rate it rna charge, as°x condition of
<br />appruvitag a 2ransfrt of sltc proprrty to a new Barrawcr. Borrower ezpttasiy waives the btncf~t of any such State-laws.
<br />Botsav.<et Itexsby relinquishes, waives, and couytys ail rights, inchoate err cousumma[e, of deacons, dower. and eurtesy.
<br />1~
<br />4..~.~-
<br />
|