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~1-s1u~~.?~U (b) To use the loan evidenced by the rove solely for purposes authorized by the Government. ~. {7) To pay when clue all eases, liens, judgments, encwmbranus, and assessments lawfully attaching t - -= assessed against the property, including all charges and assessments in connection with water, water rights, and water stock f .raining to or rpsonably necessary to the oat of the real prapetty described abow_, and ail taxes and asussmenta levied upon this mortgage or the note or any indebtedness hereby secured or against any legal holds hereof or of the note or of said in- debtedness under the laws of Nebraska, and promptly deliver to the Government without demand rectipts evidencing such payments. (8) To keep the proputy insured as required by and under insurance policies approved by the Govunment and, at its request, to deliver such poGeies to the Government. (9) To maintain irnpprovements in good repaG and make repairs required by the Government; operate tht property in a good and husbandmanl$ce manna; comply with such farm conservation practius and farm and home management plans as the Government from time to time may prescribe; and not to abandon the property, err cause or permit waa[r, lessening or impairment of the security covered hereby, or, without the written consent of the Government, cut, remove, err lease any timber, gravel, oa, gas, coal, or other minerals except as may be necessary for ordinary domestic purposes (10} Ta comply with all laws, ordinances, and regulations affecting the proputy. (il) To pay err reimburse the Government for expenses reasonably neussary or incidental to the protection of the lien and priority hereof and to the enforcement of or the compliance with the provisions hueof and of the note and any supple- mentary agreement (whether before or after default), including but not limited to costs of evidence of title to and surrey of the property, costs of recording this and other insauments, attorneys' fees, trustees' fees, court costs, and expenses of sdvu- tising, selling and conveying the property. (12) Neither the propersy nor any portion thereof or interest therein shall be leased, assigned, sold, transferred, or encumbered wluntarily err othecwists witLwst the written consent ot` the Government. The Government shall base the sole and exclusive rights as mortgagee hneundtr, including but not limited to the power to grant conxnts, ppartial releases, sub- ardinations, and satisfaction, and no insured holder shall have any rights, title or interest in oz to the tun or any benefits hereof. (13) At all reasonable times the Government and its agents may inspect the propsty to axtrtain whether the cov- enants and agreements contained herein or in any supplementary agreement are being puformed (14 Tht Government may (a} extend or defer the maturity of, and renew and reschedule the payments on, the debt evidenced by the Hate or any indebtedness to the Government secured by this instrument, (bj release any party who is liable undo the note or Ear the debt from Liability to the Government, (c) release portions of the pro rty and subordinate its lien, and (d) waive any ocher of its rights under this instrument. Any and all [his can and will be done without affecting the lien or the priority of this instrument or Borrower's or any ocher poly's liability co the Goverrtmen*_ for payment of the note or debt secured by this instrument unless the Government says otherwise in writing. HOWEVER, any forbearance by the Government-whethee once or often-in exercising any right or remedy under this instrument, or otherwise afforded by applicable hw, shall not be a waixr of or preclude the exercise of any such right or remedy. { 15) If at any time it shall appear to the Government that Borrower may be able to obtain a loan from a production credit association, a Federal land bank, or other responsible cooperative or private credit source, at reasonable rates and tams for loans for similar purposes and periods of time, Borrower will, upon the Government's request, apply for and accept such loan in suffu:ient amount [o pay the nose and any indebtedness secured hereby and to pay for any stuck necessary to be purchased in a cooperative len tug agency in connection with such loan. (lb) Default hereunder shall constitute default under any other real es'ate, or undo any personal promuty or other, se:euriey instrumen[ held or insured by the Government and executed or assumed by Borrows, and default undo any such othu security instmmenc shall constitute default hereunder. (17) SFIOItLD DEFAULT occur in the performance or dischuge of any obligation in this insaumcnt of secured by this instrument, or should the parties narned as Borrows die or be declared an incompetent, or should any one of the parties named as Borrower be declared a bankrupt, or an insolvent or make an assignment for the benefit of creditors, the Govern- ment, at its option, with or without node, may: (a) declare the entire amount unpaid under the note and any indebtedness to the Government hereby secured immediately clot and payable, (b; foe the account of Bortawer incur and pay reasanable expenses for repair or maintenance of and take passession af, aerate or rent the proparty, !c) upon appIicatien by is and production of this irzstru €r:t, v:i~haut ~•*her outdo nee and witaeut noticx of heating aE said applieatian, have a receiver appointed for the property, with the usual pawers of receivers in like cases, (d) foreclose this hrscrumenr as prwidea herein or 6y taw, and (e) enfarce any and ail other rights and t~=tredies provided herein or by present oc future law. (18} The proceeds of foreclosuce sale shall bt applied in the followung order to the payment af: (a) cores and expenses incident to enforcing or complying with the provisions hereof, (b) any prior liens required by law err a ~om~~etent court to be so paid, (c) the debt evidenced by the note and all indebtedness co the Government secured hereby, (d) inferior liens of record required by law or a competent court to be so paid, (e) at the Government's option, any other indebtedness of Bar- rower owing to or insured by the Government, and (E} any balance to Borrowec. At foreclosure or ocher sale of all or any part of the property, the Government and its agents may bid and purchase as a strangs and may pay the Government's share of the purchase price by crediting such amount on any debts of Borrows owing to or insured by the Government, in the order prescribed above. (19} Bortowez agrees that the Government will not be bound by any pcesen[ or future State law, (a) providing for valuatian, appsisal, homestead or exemption of the property, (b) prohibiting maintenance of an action for a deficiency judgment or limiting the amount thereof or the time withal which such action must be braught, (c) prescribing any ether statute of limitations, (d) allowing any right of redemption or possession following any foreclosure sale, or (~) limiting the conditions which the Government may by regulation impose, including the interest rate it may charge, as a condition of approving a aansfec of the property co a new Aorrower. Borrower expressly waives the benefit of any such State laws.