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(8) To keep the property insured as required by and under insurance. policies approved by the Government and, at its re-
quest, to deliver such policies to the Government.
(9) To maintain improvements in good repair and make repairs required by the Government; operate the property in a
good and l:usbandmanlike manner; comply with such farm conservation practices and farm and home management plans as-the
Government from time 1p~t1~My:tlti}ncp~eDtekat;ot~twt;lo abandon the prop4rty.~ ok pub pr permit waste, lessening or
impairment of the securi~jasrt~,~hAnbyyt QR?:+i1+lt`[~stt.t~re written consent of the C)6`ernment, cut, remove, or lease any
tinter, gravel, oil, gas, coal, or othe~~y~l~e~t as may be necessary for ordinary domestic purposes.
(10) To comply with all laws, ordinances, and regulations affecting the property.
(11) To pay or reimburse the Government for expenses reasonably necessary or incidental to the protection of the lien
and priority hereof and to the enforcement of or the complunce with the provisions hereof 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 survey of
the property, costs of recording this and other instruments, attorneys' fees, trustees' fees, court costs, and expenses of
advertising, selling, and conveying the property.
(12) Neither the property nor any portion thereof or interest therein shall be leased, assigned, sold, transferred, or
encumbered, voluntarily or otherwise, without the written consent of the Government. The Government shall have the sole
and exclusive rights as mortgagee hereunder, including but not limited to the power to grant consents, partial releases,
subordinations, and satisfaction, and no insured holder shall have any righc, title or interest in or to the lien or any benefits
hereof.
(13) At all reasonable times the Government and its agents may inspect the property to ascertain whether the covenants
and agreements contained herein or in any supplementary agreement are being performed.
(14) The Government may extend and defer the maturity of and renew and reamortize the debt evidenced by the note or
any indebtedness to the Government secured hereby, release from liability to the Government any party so liable thereon,
release portions of the pro erty from and subordinate the lien hereof, and waive any other rights hereunder, without affecting
the lien or priority hereof~or the liability to the Government of Borrower or any other party for payment of the note or
indebtedness secured hereby except as specified by the Government in writing.
' (1 S) 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 terms for
j loans for similar purposes and periods of time, Borrower will, upon the Government's request, apply for and accept such loan
in sufficient amount to pay the note and any indebtedness secured hereby and to pay for any stock necessary to be purchased
i
~ in a cooperative lending agency in connection with such loan. , , , -a i ~
! (16~ [kfault hereunder shall constitute default under any other real estate, or under any persoha~ property or other,
security instrument held or insured by the Government and executed or assumed by Borrower, and default under any such
other security instrument shall constitute default hereunder.
' ! 17) SHOULD DEFAULT occur in the perfonnarrce or discharge of any obligation in this instrument or secured by this
instrument, or should any one of the parties named as Korrower die or be declared an incompetent, a bankrupt, or an insolvent,
€ or make an assignment for the benefit of creditors, the Government, at its option, with or without notice, may: (a) declare the
I entire amount unpaid under the note and any indebtedness to the Government hereby secured immediately due and payable,
i (b} for the account of Borrower incur and pay reasonable expenses for repair or maintenance of and take possession of, operate
or lent the property, (c) upon application by it and production of this instrument, without other evidence and without notice
s of hearing of said application, have a receiver ap pointed for the property, with the usual powers of receivers in like cases, (d)
foreclose this instrument as provided herein or b}' law, and (e) enforce any and all other rights and remedies provided herein
or by present or future law.
(18) The proceeds of foreclosure sale shall be applied in the following order to the payment of: (a) costs and expenses
incident to enforcing or complying with the provisions hereof, (b) any prior liens required by law or a competent court to be so
paid, (c) the debt evidenced by the note and all indebtedness to 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 Borrower owing
I to or insured by the Government, and (f) any balance to Borrower- At foreclosure or other sale of all or any part of the
property, the Government and its agents may bid and purchase as a stranger and may pay the Government's share of the
purchase price by crediting such amount on any debts of Borrower owing to or insured by the Government, in the order
prescribed above.
(19} Borrower agrees that the Government will not be bound by any present or future laws, (aj providing for valuation,
appraisal, homestead,or exemption of the property, (b) prohibiting maintenance of an action for a deficiency judgment or
limiting the amount thereof or the time within which such action must be browght, (c) prescribing any other statute of
limitations, (d) allowing any right of redemption or possession following any foreclosure sale, or (e} limiting the conditions
which the Government may by regulation impose, including the interest rate it may charge, as a condition of approving a
transfer of the property to a new Borrower. Borrower expressly waives the benefit of any such State laws. Borrower hereby
relinquishes, waives, and conveys all rights, inchoate or consummate, of descent, dower, and curtesy.
(20) If any part of the loan for which this instrument is given shall be used to finance the purchase, constriction or
re air of prvpert to be used as an owner-occupied dwelling (herein called "the dwelling"} and if Borrower intends to sell or
rent the dwelling and has obtained the Government's consent to do so (a) neither Borrower nor anyone authorized to act for
him, will, after receipt of a bona fide offer, refuse to negotiate for the sale or rental of the dwelling or will otherwise make
unavailable or deny the dwelling to anyone because of race, color, religion, sex, or national origin, and (b) Borrower
recognizes as illegal and hereby disclaims, and will not comply with or attempt to enforce any restrictive covenants on the
dwelling relating to race, color, religion, sex, or national origin.
(21) This instrument shall be subject to the present regulations of the Farmers Home Administration, and to its future
regulations not inconsistent wi e r provisions hereof. ~
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