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2Q1109644 (21) 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 to or insured by the Government and ( fl any balance to Bonower. In case the Government is the successful bidder at foreclosure or other sale of all or any part of the property, the Government may pay its shaze of the purchase price by crediting such amount on any debts of Borrower owing to or insured by the Govemment, in the order prescribed above. (22) All powers and agencies granted 'an this instrument are coupled with an interest and are irrevocable by death or otherwise; and the rights and remedies provided in this instrument are cumulative to remedies provided by law. (23) Borrower agrees that the Government will not be bound by any present or future State laws, (a) providing for valuation, appraisal, homestead or exemption of the property, (b) prohibiting maintenance of any action for a deficiency judgment or limiting the amount thereof or the time within which such action must be brought, (c) prescribing any other statute of limitanons, (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 properiy to a new Borrower. Borrower expressly waives the benefit of any such State laws. (24) This instrument shall be subject to the present regularions of the Government, and to its future regulations not inconsistent with the express provisions hereof. (25) Notices given hereunder shall be sent by certified mail unless otherwise required by law, and addressed, unless and until some other address is designated in a notice so given, in the case of the Government to the State Executive Director of the Farm Service Agency and to the local agency o�cials of the Farm Service Agency to the post office addresses shown above, and in the case of Bonower at the address shown in the Government's Finance Office records (which normally will be the same as the post office address shown above). (26) The proceeds of any award or claun for damages, direct or consequenrial, in connection with any condemnarion or other taking of any part of the property, or for conveyance in lieu of condemnation, a.re hereby assigned and shall be paid to the Government pursuant to applicable regulations of the Government. (27) If any provision of this instrument or applicadon thereof to any person or circumstances is held invalid, such invalidity will not affect other provisions or applications of the instrument which can be given effect without the invalid provision or application, and to that end the provisions hereof aze declared to be severable. (28) The parties hereby request that a copy of any notice of default and a copy of any nonce of sale be mailed to each party to this Trust Deed at the address set forth in the manner prescribed by applicable law. Except for any other notice required by law to be given in another manner, any notice provided for in this Trust Deed shall be given by mailing such notice by certified mail addressed to the parties, at the address set forth above. X Place an °X" if paragraph 29 is applicable) (29) The covenants and agreements of this instrument shall bind and benefit the successors and assigns of Government and Borrower. Borrower's covenants and agreements shall be joint and several. Any Borrower who casigns this instrument but does not execute the note: (a) is co-signing this instrument only to mortgage, grant and convey that Borrower's interest in the property under the terms of this instrument; (b) is not personally obligated to pay the sums secured by this instrument; and (c) agrees that Government and any other Borrower may agree to extend, modify, forbeaz or ffialce any accommodations with regazd to the terms of this instrument or the note without that borrower's consent. By sign' g below, Bonower accepts and agrees to the terms and covenaa c ntained in ent. � �� t (Borrower) ` w ' ' (Borrower) Arn d K. Hinkson an d�Ti son ��;..�„� � Initial �� date �a'' a'� - f� Dawn Hinks on ori . inkson Page 5 of 6 �,' y'1 � ��