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~I-->y~437~ <br />(ti) To vx the loan evidenced by the nau solely for purpoxs authorized by the Govnnment. <br />(3) To pay when dne ail 'razes, liens, judgments, encumbrances, and asxssments lawfully attuhing to or aaxaxd <br />agttimt the property, inelu~ng all charges and assessments in connection with water, Ovate: rights, and water stack pertsiaing <br />to or reaxsna ylsl tteceasaty to the use of the real property dcxribed above, and all taxes and asxssments levied upon this <br />mortgage or the note or any indebtedness hrnby secured or against anp legal holder hereof ar of the now or of said in- <br />debtedness under the laws of Nebraska, and promptly deliver to the Government without demand receipu evidencing such <br />payments. <br />(gj To keep the property inwrcd as required by and undn insurance policies approved by the Government and, at <br />its request, to deliver stuh policies to the Government. <br />(9) To mamgin improvements in good repair and make repairs required by the Government-, operau the property <br />k a good and hwbandmanlr'Ice manner; comply with such farm conservation prxrices and farm and home management plans <br />ss the Government from time to time may prescribe; and not co abandon the property, ar caux or permit waste, kssertirg or <br />impairment of the security covered hereby, or, without the written conxnt of the Corernment, cut, remove, or lease any <br />timber, grarel, oil, gas, coal, dr other minerals except as may be necessary for ordinary domestic purpoxs. <br />(lbj To comply with ail laws, ordinances, and regulations affecting the property. <br />(11) To pay or reimburx the Government foe expenxr reasonably necessary or incidental to the prouction of the lien <br />and priority hereof and to the enforcement of or the compliance with the provisions hereof and of the now and any supple- <br />rnengry 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 this and other instruments, attorneys' fees, trustees' fees, court costs, and expenses of adver- <br />tising, selling and conveying the property. <br />(12j Neither thr property nor any portion thereof or interest therein shall be leaxd, assigned, sold, transferred, or <br />encumbered voluntarily or otherwix, without the written conxnt of the G_ overnment. The Government shall have the sole <br />and exclusive nghts as mortgagee hereunder, including but not limited to the power to grant conxnts, partial release; sub- <br />ordirtarions, and satisfaction, and no insured holder shall have any rights, title or interest in or to the lien or nay benefits <br />hereof. <br />(13) At aQ reasonable times the Government and its agents may intpect the property to ascertain whether the cov- <br />enants and agreements contained herein or in any supplementary agreement zee being performed. <br />(14j The Government may (a) extend or defer the maturity of, and renew end reschedule the payments on, the debt <br />evidencedd by the note or an indebtedness to the Government xcured by this irtatrument, (h} release any party who is <br />liable under the note or for the debt from liability to the Government, (c} rekax 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 this instrument or Borrower's or any other party's Gab3iiry co the Government for payment of the <br />note or debt xcured by this instrument unless the Government says ocherwix in writing. HOWEVER, any forbearance by <br />rite Government-whether once or often-in exercising any right or remedy under this instrument, or otherwix afforded by <br />applicable law, shall not be a waiver of or preclude the exercix of any such right or remedy. <br />(15j If at any time it shall appeu co the Government that Borrower may 6e able to obtain a loan from a production <br />credit association, a Federal land bank, or other responsible cooperative or private credit source, at reasonable rates and terms <br />Eor loans for similar purpoxs and periods of time, Borrower wi{l, upon the Government's request, apply Eor and accept such <br />loan in sufficient amount to pay the note and any indebtedness xcured hereby and to pay for any stock necessary to be <br />purchased in a cooperative len trtg agtncv in connection with such loan. <br />(16) BeEault hereunder shall constitute default under any other real estate, or under any personal property or other, <br />xcurity instrument held or insured by the Government and executed or assume) by Borrower, and default under any such <br />other xcuriry instntrtent shall constitute default hereunder. <br />(17) SHOULD DEFAULT occur in the performance or dixlrarge of any obligation in this instrument or secured by <br />this instrument, oc should the parciu named a Borrower die or be declared an incompetent, ar should any one of the parries <br />named as Borrower be declared a bankrupt, yr ar utsulvcnt or make an assigmttent for the benefit of creditors, the Govern- <br />ment, at its option, with ar without notice, may: (a) declare the tntue amount unpaid under the note and any indebtedness <br />to the Gorernrnent hereby stcurcd immediately due and payable, i,b) for the account of Borrower incur and pay reasonable <br />expenses for repair or maintenance of and take posseu~n of, operate oe rent the property, (c) upon application by it and <br />production of this instrument, without other evrdence acrd witltnnt notice of hewing o said application, have a receirer <br />appointed for the property, with the usual powers of receivers in tike caxs, (d) foreclose this instrument as provided herein <br />or lsy Iaw, anu (e) enforce arty and all athzr rigties and ttraa,3ita prrtvidtd herrirt tit by present of future law, <br />(ifl) The proceeds of foreclosure sale shall be applisd in the fuiiowind order to eht payment oi: (a) costs and e$pEases <br />incident to enforcing or complying with the pravicions hereof, (b) any prior liens required by law or a ~omppetert court to be <br />so paid, (c) the debt evidenced by the note and all indebtedness to the Government xcured hereby, (dj inferior liens of <br />record rcrjuued by law car a competent court to be so paid, (e) at the Government's option, any other indebtedness of Bor- <br />rower owurg to oc insured by the Governnteut, and {~ any balatue to Borrower. At foreclosure or other sale of all or any <br />part o£ the raperty, the Gorenuttent and its agents may bid and purchax as a stranger and may pay the Government's shut <br />of the pure price by crediting such amount on any debts of $orrower owing to or insured by the Government, in the <br />order prescribed above. <br />(19) Borrower agrees that the Govtrtunent will not be bound by any presort or future State law, (a) providing for <br />valuation, appraisal, homestwd or exemption of the property, (b) prohibiting mainunance of an cation for a deficiency <br />judgment or lirttfting th¢ amount thereof or the time wxhin which such action must be brought, (c) presctibfrg any other <br />statue of liraiution:, (d) allowing any r~t of redemption or possession followitrg sny foreclosure sale, car (e) limiting the <br />condttfans which the Government may y regulation impox, including the inurest rrte it may charge, as a condition of <br />approvutg a transfer of the property to a new Borrower. Borrower expressly waives the bentGt of any such State Paws. <br />U <br /> <br />