Laserfiche WebLink
. , . , ,.. <br />. <br />201200299 <br />BORROWER for Borrower's self, Borrower's heirs, executors, administrators, successors and assigns WARRANTS <br />the title to the property to the Government against all lawful claims and demands whatsoever except any liens, encumbrances, <br />easements, reservarions, or conveyances specified herein above, and COVENANTS AND AGREES as follows: <br />(1) To pay promptly when due any indebtedness to the Govemment hereby secured. <br />(2) To pay to the Government such fees and other charges as may now or hereafter be required by Government <br />regulations. <br />(3) If required by the Government, to make additional monthly payments of 1/12 of the estimated annual taxes, <br />assessments, insurance premiums and other charges upon the property. <br />(4) T'he Government may at any time pay any other amounts required herein to be paid by Borrower and not paid <br />by Borrower when due, as well as any cost and expenses for the preservation, protection, or enforcement of this lien, as <br />advances for the account of Borrower. All such advances shall bear interest at the rate bome by the note which has the <br />highest interest rate. <br />(5) All advances by the Government as described in this instrument, with interest, shall be immediately due and <br />payable by Borrower to the Government without demand at the place designated in the latest note and shall be secured <br />hereby. No such advance by the Govemment shall relieve Borrower from breach of Borrower's covenant to pay. Any <br />payment made by Bonower may be applied on the note or any indebtedness to the Government secured thereby, in any order <br />the Government determines. <br />(6) To use the loan evidenced by the note solely for purposes authorized by the Government. <br />(7) To pay when due all taxes, liens, judgments, encumbrances, and assessments lawfully attaching to or assessed <br />against the property, including all charges and assessments in connection with water, water rights, and water stock pertaining <br />to or reasonably necessary to the use of the real property described above, and promptly deliver to the Govemment without <br />demand receipts evidencing such payments. <br />(8) To keep the property insured as required by and under insurance policies approved by the Government and, at <br />its request, to deliver such policies to the Government. <br />(9) To maintain improvements in good repair and make repairs required by the Government; operate the property in <br />a good and husbandmanlike manner; comply with such farm conservarion practices and farm and home management plans as <br />the Farm Service Agency from time to time may prescribe; and not to abandon the property, or cause or permit waste, <br />lessening or nnpairment of the security covered hereby, or, without the written consent of the Government, cut, remove, or <br />lease any timber, gravel, oil, gas, coal, or other minerals except as may be necessary for ordinary domestic purposes. <br />(10) To comply with all laws, ordinances, and regulations affecting the property. <br />(11) To pay or reimburse the Government for expenses reasonably necessary or incidental to the protection of the <br />lien and priority hereof and to the enforcement of or the compliance with the provisions hereof and of the note and any <br />supplementary agreement (whether before or after default), including but not limited to costs of evidence of ritle to and <br />survey of the property, costs of recording this and other instruments, attorneys' fees, trustees' fees, court costs, and expenses <br />of advertising, selling, and conveying the property. <br />(12) Except as provided by the Government regulations, neither the property nor any portion thereof or interest <br />therein shall be leased, assigned, sold, transferred, or encumbered, voluntarily or otherwise, without the written consent of the <br />Government. <br />. (13) At all reasonable times the Govemment and its agents may inspect the property to ascertain whether the <br />covenants and agreements contained herein or in any supplementary agreement are being performed. <br />Inirial� date �! -/ L Page 3 of 6 <br />`�/�.L /- !/ - / Z <br />