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<br />:# a~tl asters ss - - sir# sracra. tvat<.e'r sigmss, sad waser stncfc psstz~ag
<br />ab sr ~ to else dent of tits >r~ ¢c+bp~erty ~ sooes. a,~t s~ rases and asesrweats ksied apps t3siis
<br />~ sfi tlro^ tar ernes 7 stxstss+i os a~ am, Seat holder hereof os of rase note or of said is-
<br />s~ siwe tars o! lie5rasira, ssu/ pvosmptty dense. ro tl# G.overaaunra wi[hoat dernaad racegrts e:ideac>sg attch
<br />Psy"'°ats
<br />'gi To s1sEproPerr istsured as regttirsd by and :trader iassraace Poticics approved by dte Government and, at
<br />its ssgret, w tteffier socit pomciay to the Governaseat.
<br />~~ To ssasntais last:-o-emeau in good repair and make repairs zegttired by the Gomnaunt; operate the property
<br />is s gCSOd and hnsbaadmanlse manna; comply with stub fain cortxrvatioa prxtice: and fain and home managemexu Puns
<br />as Lire Govereacat from time so time may prescribe; sad not to abandon the property, or catse or permit waste, lessening or
<br />impairment of the security covered hereby, or, withont the written consent of the Govezmment, cut, remove, or lease nay
<br />timbr. gavel. oil, g;s, coal, or other minerals ezcept as may be necessary for attliaary doatestic purposes.
<br />(20j To comply with aIl laws. ordinances, sad regulations affecting the property.
<br />{ll} To pay or reimbtuae dte Goys ~ment for ezpeasa reawnably necesvuy or inddental ro the protection of the lien
<br />and priority hereof sad to the enforcemrnt of or the compliance with she pt~:sons hereof and of the not_ and any supple-
<br />taenrary agreement (whether before or after default), including bvc not limited to coats of evidence of title to and survey of
<br />the property, costs of recording this and other instruments. attorneys' fees, trusteer' fees, court costs, and ezpenses of adva-
<br />tisittg, xliutg and conveying the proP~Y-
<br />(12} Neither the propatp nor any portion there.:f or iotaest therein shall be leased, assigned, sold, transferred, or
<br />encumbered voluntarly or otherwise, withoue the written consent of the Government. The Government shall have the sole
<br />sad ezclusive right: as mortgagee hereunder, including but not limited to the power to grant conxnts, partial celeases, sub-
<br />ordimtions, and satisfaction, and no insured holds shall have any righu, title or interest in or to the lien or any benefits
<br />hseo£
<br />(13) At all reasonable times the Government and its agents may inspect the property to ascertain whether the cov-
<br />enants and agreements contained herein or in any supplementary agreement ue being performed.
<br />(14) The Government may (a) extend or defer the maturity of, and renew and reschedule the payments on, the debt
<br />evidencedd by the note o. any indebtedness to the Gavsnment secured by this instrument, (b) release any party who is
<br />liable under the note or for the debt from liability to the Government, (c) release portions of the pro rty and subordinate
<br />its lien, and (d) waive any other of its rights ands 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 puty's liability to the Goverrunent for payment of the
<br />note or debt secured,bythis 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 />applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />(15) If at any time it shall appeu to the Government that Borrower may be able to obtain aloan from a production
<br />' ^ credu association, a Federal land bank, orother responsible cooperative or private credit source, at reasonable cafes and tams
<br />for loans for similar purposes and periods of time, Borrower will, upon the Government's request, apply for and accept such
<br />loan in sufficient amount to pay the note and any indebtedness secured hereby and to pay for any stock necesauy to be
<br />' purchased in a cooperative lending agency in connection with such loan.
<br />(16) Default hereunder shall constitute default under any other real estate, or under any personal property or other,
<br />security instrument held or insured by the Government and executed or assumed by Borrows, and default under any such
<br />other security instrument shall constitute default hereunder.
<br />(17) SNOALD DEFAULT occur in the performance or dischazge of any obligation in this inserument or secured by
<br />this instrument, or should the parties named as Borrows die or be declazed an incompetent, or should any one of the parties
<br />named as Borrower be declued a bankrupt, or an insolvent or make an assignment for the benefit of creditors, the Govern-
<br />ment, at its option, with or without notice, may: (a) declaze the entue amount unpaid under the note and any indebtedness
<br />to the Government hereby secured immediately due and payable, (b) for the account of Borrower incur anei pay reasonable
<br />expenses for repair or maintenance of and take possession of, operate or rant the property, (c) upon application by it and
<br />production of this instrument, withoux other evidence and wit ous notice of heating q said applieation, have a receiver
<br />appointed for the property, with the usual powers of receivers in like cases, (d} foreclose this instrument as provided heroin
<br />or by law, and (e) enforce any and all other rights and remedies provided herein or by present or future law.
<br />(18) The proceeds of foreclosure sale shall be applied in the following order to t$e payment of: (a) coats and expanses
<br />incident ro enforcing or complying with the provisions hereof, (b) any prior liens required by law or a comppetent court to be•
<br />so paid, (c) the debt evidenced by the note and all indebtedness to the Government secured hereby, (d) inferior liens of
<br />record' required by law or a competent court to be so paid, (e) at the Government's oprian, any other indebtedness of Bor-
<br />rower owing to or insured by the Government, and (f) any balance to Borrows. At foreclosure or other sale of all or any
<br />part of the property, the Government and its agents may bid and purchase as a saanger :urd may pay the Government's share
<br />of the purchase price by crediting such amount on any debts of Borrows owing to or insured by ti+e Government, in the
<br />order prescribed above.
<br />(19) Borrows agrees that the Government will not be bound by any present or future State law, (a) providing !or
<br />valuation, appraisal; homestead or exemplion of the property, (b) prohibiting maintenance of an action for a det~ciancy
<br />judgment or limiting the amount thereof or the time within which such action must be brought, (c) rescribing any other
<br />statute of limitations, (d) allowing any right of redemption err possession following any foreclosure sale, or (e) limiting the
<br />Conditions which the Government may by regulation impose, including the interest rate it may charge, as a condition of
<br />approving a transfer of the property to a now Borrower. Borrower expressly waives the beneftt of any such Stall laws.
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