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$l.~.ii.}E36~~ <br />(6) To use the loan evidenced by the note solely for purposes authorized by the Government. <br />(7) To pay when due all taxes, liens, judgments. encumbrances, and assessments lawfully attaching to or assessed <br />against the property, including all charges and assessments in connection with water, water rights, and water stock <br />pertaining to or reasonably necessary to the use of the real property described above, and all taxes and assessments levied <br />upon this mortgage or the note or any indebtedness hereby secured or against any legal Irolder hereof or of the note or of <br />said indebtedness under the laws of Nebraska, and promptly deliver to the Government without demand receipts evidencing <br />such payments. <br />(fl} To keep the property insured as required by and under insurance policies approved by the Government and, at its <br />request, to deliver such policies to the Government. <br />(9) To main[ain improvements in good repair and make repairs required by the Government; operate the property in a <br />good and husbandmanlike manner: comply with such farm conservation. ppractices and farm and home management plans as <br />the Government from time to tune may prescribe; and not to abandon :he property, or cause or permit waste, lessening or <br />impairment of the security covered hereby, or, without the written consent of the Government, cut remove, or lease any <br />timber, gravel, oil, gas, coal; or ot$'er'rrtinerals except as may be necessary for ordinary domestic purposes. <br />• ! 10) To comply with all laws, ordinances, and regulations affecting the pmpern•. <br />11) To pay or reimburse the Government for expenses reasonably necessary or incidental to the protection of the Eon <br />and priority hereof and to the enforcement of or dte compliance with the provisions hereof and of the note and any supple- <br />mentary agreement !whether before or after defauitl, including but not limited to costs of evidence of title to and survey of <br />_____ _.. tha property, costs of recording this and other ins[ruments. attorneys' fees, trustees' Eees, court costs, and expenses of <br />advertising, selling, and conveying the property. <br />(12) Neither [he property nor any portion thereof or interest thereist shall be leased, assigned, sold, transferred, or <br />encunebered, voluntarily or otherwise, without the written consent of the Government. The Government shall have the sole <br />anu exclusive rights as mortgagee hereunder, including i,ut not limited to rite power to grant consents, partial releases, <br />subordutations, and satisfaction, and no insured holder shall have ant right, title or interest in or to the lien of any benefits <br />hereof. <br />- '13) At all reazonable times the Government and its agents may inspect the property ro ascertain whether the covenants <br />and agreemen[s contained herein or in any supplementary agreement are acing performed. <br />:14{ The Government may !at extend or deler the maturin of. ,md renew and reschedule the payments on, the debt <br />evidenced by the note or any indebtedness m the Government secured by this instrument. ?b) release any party wha is <br />liable under the note or for the debt from liability to the Government, c; release poaions of the property and subordinate <br />its lien, and (dj waive any other of its rights ender this instrument. ,4ny and ail this can and will be done without affecting <br />the Tien or the priority of this instrument or Borrosver3 or any other yarn's liability to the Government fo: payment of the <br />note or debt secured by this instrumem anless dte Government ;aye ~.~thenvise in writing. HOWEVER, any forbearance oy <br />the Government-whether once or often-in c•xerusin4 ant tiht or remed}• under this instrument. or othernise afforded by <br />- applicable law, shall not be a waiver of ur nredude *.hr exercise ~.->' ant such rishr or remedy. <br />',IS; Ir` at any time it shall appear to the i:uvernrnent that Bormuer may be .+bie to obtain a loan from a production <br />credit association, a Federal land bank. or ocher responsible aleperatiye et private credit source, ar reasonable vales and terms <br />for loans for similar purposes -•-~' periods of rime, Borrower :vill, upon the Guverntneat's rrguest. apply for and accep[ such <br />loan in sufficient amount to pay the note and any indebtedness secured ~itereb}~ .rod ro pay fur any stack necessary to be <br />purchased ir. a cooperative lerdine agency in cennedier, with such roar:. <br />(161 Default hereunder shall constitute default +rnder :roc other real estate, or under any ucrnonal 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 securty instrument shall constitute default hereunder. <br />i 2' SHOULD DEFAULT actor in the perform ante +?r disci:a: ge of am obl~atiun in this instrument ur secured by this <br />instrumen[, or should [he parties named as Borrower -~ie or be declared an incompetent, or should any vne of the parties <br />named as Borrower be- declared a bankrupt, ur an insolvent ur ~nai.c an assignment tot the benefit c£ creditors, the Govern- <br />ment, at its option, with or without notice, may: :r~ declare the entire amount unpaid under the note and any indebtedness <br />Eo the Government 'rerebv secured irnmediately due and ratable, b! Ear the account of $orrow-er incur and Day reasonable <br />expenses For repair or maintenance of and take possession C>f, operace ut rent the nroperty. -_c) upon application by it and <br />production of this inurument, without other evtciertce and without r:ueice of hearing oE• said application, have a receiver <br />appointed for the properly, wi[h rice usual powers of receivers kn ';ikr cases. ,d, foreclose this instrument as provided herein <br />or by law, and ie1 enforce any and all other rights artd remedies provided herein or by present or future law. <br />(1g) The proceeds of foreclosure sale shall be applied nt the following order to the payment of: 'a) costs and expenses <br />incident to enforcing or complying with the prrn•isions hereof, ;bj any prior liens required by 13w or a competent court to <br />be so paid, Fc) the debt evidenced by the note and nit indebcedness co the Government secured hereby, rd) inferior liens <br />of record required by law or a competent Court co ix w paid, ei at the Guvertunent's option, any other indebtedness of <br />Borrower owing to or insured b}• the Governrnen[, and ~ f; any balance tv Borrower. At foreclcsvre or other sale of all or any <br />put of the property, the Government and its agents may bid and purchase as a stranger and may pay the Government's share <br />of the purchase price by ere+ fling such amount on any debts of $orrower owing to or insured by the Government, in d~c <br />order prexribed above. <br />29) Borrower agrees that the Government will nut ue bound b}' any present or future State law, ;aj providing for <br />valuation, appraisal, homestead or exemption o the prupeuv, ,b prohibiting maintenance of an action for a deficiency <br />judgment or limiting the amount thereof ur the tinrt wither which such action roust be brought, .cj prescribing any other <br />suture of limitations, idj allowing any rigtu of redemption ur possession following any ioredusure sate, ur ;c Iuniting the <br />eondetions which the Government ;nay by regulation intyuse, including the interest :ate it maX charge, :u a .:audition of <br />approving a transfer of rive propeu}~ tv a new Burrower. Harrower espresslp waives the benefu at any such State laws. <br />$orrower hereby relinquishes, waives, :urd conveys all rights, inuraate or consummate, ot` dexent, dower, crud curcesy. <br />tom, <br /> <br /> <br />