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Home My WebLink About0101 ; • - ~ - . ' - ~ ' ~ ~ ~ : ~ ~ { (8) To keep the property insured as requited by and under inswance policies app~oved by the Governmeat and, at ita re- ~ quest, to delive~ such policies to thc Government. ~ i- (9) To maintain improvementa in good repair, aad make repairs required by the Govanment; operate the property in a good and husbandmanlike manner; comply with such fum co~t[dn~s ~ces and fum and home ~nan:gemeat plans u the Go~ernmeat from titne to tima may pcescrbe; and Qot to 'a~aalon the ~Property, or ause or permit waste, leueaiag or , ie~pairmeac of the securit~ covered hgeby, or, ~ritho~t the writtea consent of the Government, cut, remove, or lease any ; timber, g~avel, oil. gas, coal. or othes minerals e:cept u may be neces:uy for ordinuy domatic purposes. + ~ (10) To comply with all laws, ordinances, and r~tions affecting the propertp. ! (11) To piy or reimburse the Gpvecnmeut for espenses rea~onably necessuy or incidental to the protecdon of the lien ~ aad priority hereof and to the enforceauent of ~ t6e oomplianu wit6 the provi:ions hereof and of the note and sny mpple- mentuy ag~eemeat (whether befote'ac afta default), including but not linuted to costs of evidence of titte to and survey of ~ the property, cost: of raording this and othu instruments, attorneys' fea, mutees' fees, court cosu, and e:penses of advertisiag, sdling, and conveying cLe property. _ ` (12) Neither the property nor any on t6enof or iuterest -therein shall be leased, assigned, sold, traa:ferced, or encumlr red. volunurily or othecwise, wit out the written conseat of the Gosernment. '11~e Governmeat shall have the sole . and e:dusi~e rights as mortgagee hereunder, incloding but aot limited to the powa to grant conseac:, putial releases, ; subordiaatioas, and satisfiction, and no insured holder s6a11 have aay ri~t, title or interut in or to the lien or any beneHu f 1 haeof. • ~ (13) At all reasonable times the Government and its agents may inapect the property Co ascertain whether t6e covenants ~ and agreements contained herein or in my :upplementary ag~eement are being performed. ~ (14~ '11ie Government may e~ctend and defer the maturity of and reaew and reamortiu the debt evideaced by the note or any in ebtedness to the Govemment secured hereby, release from liability to the Governmeat any pacty so lisbk t6ereon, release portioas of the propert~ from and subordinue the liea hereof, and waive aay other rights hereufider, without affectiog the lien or priority hueof or the liab~ity to the Go~erament of Bocrowec or my'other party for payment of the note or iadebtedness secured hereby ezcept as ~Qecifiod by the Gorerarnent in writing. ' (15) If ata~r time ~t s6a11 appeu to the Governmeat that Bonowa may be able to obtain a loan from a producrion credit ` association, a Fedenl land bank, or othec re:ponsible coopecauve or private credit sourcq at reasonable rates and terms for ~ loan: for Wnilar Qurpo:ea and periods of cime. Borrower will, upon the Governmeat's request, apPly for and accept such loan : ~ iu sufficient amount to paq the note and any indebtedness secured hereby and to pay for my stock necesury to be pucchased : in a cooperadve knding agsncy in conncction with such loan. } I (16) Default hereunder shnll consritute default under my other real estate, or under any personal property or otha, ? security instrument hdd or insurod by the Government and e:ecuted or auumed by Borrower, and default under any suc6 j other security instrument shall consritute default haeunder. ~ (17) SHOULD DHFAULT occur in the performance or discharge of any obligation in this insuument or secured by this ~ iastrument, or shoo}d any one of the parties named as Borrower die or be dedared in incompetent, a bankrupt, or an in~lvent, or make an assignment fir the beaefit of crediton, the Government, at its option, with or without notice, may: (a) declue the entire unount unpaid under the note a~ anr indebtedness to the Government hereby secured immcdiuely due and payable, ~ (b) for t6e account of Bocrower incur and pay reawnsblb e:penses for repair or maintenance of and uke possession of, operate or rent the property, c) upon application by it and production of this uutrument, without other evidence and without notice of hearing of said app~rion, 6ave a recei~er a pointed for the properq, with the nsual powecs. of receivers in like ca:a, (d) ~ foreclose this instrument as provided herein or gr and (e) enforce my and all otha rights and remedies provided herein ; or by presenc or future law. _ ~ (18) The proceeds of fo~eclosure sale :hall be applied in the following order to the pa~m ent of: (a) costs and e:penses incident to enforcing or complyu'~g with the provisioiu hereof, (b) any prior liens required by law or a competent court to be so j paid, tc the debt evidenced by the note and all indebtedness to the Go~ernment ucured hereby, (d) infe~ior liem of rccord ~ require~ by lawr a a competeat court to be w paid, (e) at the Gorernment's oQtioa, any other indebtedness of Borrower owing to or insured by the Government, and (E) any balance to Borrower. At forecloaure or other aale of all or any put of the ~ m property, t6e Govanment aad iu agents may bid and purc}~ase u ~,d ,~ypa y the Government's sharc of the ~ pwchaK price by crediting such amouat oa any debts of Borrowsr ow~wg to or iasured by the Government, in the order ~ ~ prescribed abo~a ~ (19) Borrower ag~ees that the Goverament will not be bound by anr Qresent or future laws, (a) proriding for valuation, i appraisal. homutead.or e:emption of .the property, (b) prohibidng muntenance of aa ution for a defiaency judgment oc . 6miting the amount thereof or the time within which such action must be brought, (c) preuribing any other statute oE Gmiutions~ (d) allowing any rig~t of redemprion or pouession folla~riag any forecl~ure sale~ or (ej limiting the conditioss wrhich the Go~ernment may by regvlation fmpose, including the interett rau it may chuge, as a coadition of approving a aansfer of the property to a new Borrower. Borrower espressly waives the benefit'of anr ~c6 St~te laws. Borrower here6y rclinquishe:, waires. and conv~ey: all rigbts, inchoau or consummate, of descent~ dower. and curtesy. (20j If any part of the loan for which th~ insuument is g~~ea shall be used to finance tbe pucchase, coaurucdon or cepair of propcrty to be uud aa an owner-occupiod dweUing (herein ulkd "the dMreUing") and if Borrower intends w,eU or nnt the dwelling aad has obuiaed the Goverut»ent's conseat to do so (a) ~eitba Bortower aac anyone suthorized to act for him, w?iU. after Receipt of a bona fide oEfer, ref~se to aegotisa for tbe uk or Katsl of the'dwelUng or will otherwi:e m;1~e unawiilabk or deny t6e d~reiiin~ to aayone becawe of nce, color. religioa. x:, or wtional origin, aad (b) Borrower recognues as ~lkg~i and ha~by d,xla~•. and Mrill not complp writh or attempt to enfora any rauictive coveaanu on the dweDing reladag to rsce. color, reli~on, se:, or national origin. (2i) 11~ ia:truraept :haU be snbject to the pte~ent regulacions of ihe Farmen Hoa~e Admini~aarion. snd co ia fucnre eeauLtions not inconsiuent ~rith the e:pre~ pro~ioas bereof. ~OOx~76 PAGE