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201502425 <br /> This instrument combines uniform covenants for national use and non-uniform covenants with limited variations by <br /> jurisdiction to constitute a uniform trust deed covering real property. <br /> UNIFORM COVENANTS. Borrower COVENANTS AND AGREES as follows: <br /> 1. Payment. Borrower shall pay promptly when due any indebtedness to the Government secured by this <br /> instrument. <br /> 2. Fees. Borrower shall pay to the Government such fees and other charges that may now or later be required <br /> by Government regulations. <br /> 3. Application of payments. Unless applicable law or Government's regulations provide otherwise all <br /> payments received by the Government shall be applied in the following order of priority: (a)to advances made <br /> under this instrument; (b)to accrued interest due under the note; (c)to principal due under the note; (d)to late <br /> charges and other fees and charges. <br /> 4. Taxes,liens,etc. Borrower shall pay when due all taxes,liens,judgments, encumbrances,and assessments <br /> lawfully attaching to or assessed against the property and promptly deliver to the Government without demand <br /> receipts evidencing such payments. <br /> 5. Assignment. Borrower grants and assigns as additional security all the right,title and interest in: (a)the <br /> proceeds of any award or claim for damages,direct or consequential,in connection with any condemnation or taking <br /> by eminent domain or otherwise of any part of the property,or for conveyance in lieu of condemnation; (b)all <br /> bonuses,rentals,royalties,damages,delay rentals and income that may be due or become due and payable to the <br /> Borrower or Borrower's assigns under any existing or future oil,gas,mining or mineral lease covering any portion <br /> of the property;and (c)all rents,issues,profits,income and receipts from the property and from all existing or <br /> future leases,subleases,licenses,guaranties and any other agreements for the use and occupancy of any portion of <br /> the property,including any extensions,renewals,modifications or substitutions of such agreements. Borrower <br /> warrants the validity and enforceability of this assignment. <br /> Borrower authorizes and directs payment of such money to the Government until the debt secured by this <br /> instrument is paid in full. Such money may,at the option of the Government,be applied on the debt whether due or <br /> not. The Government shall not be obligated to collect such money,but shall be responsible only for amounts <br /> received by the Government. In the event any item so assigned is determined to be personal property,this <br /> instrument will also be regarded as a security agreement. <br /> Borrower will promptly provide the Government with copies of all existing and future leases. Borrower <br /> warrants that as of the date of executing this instrument no default exists under existing leases. Borrower agrees to <br /> maintain,and to require the tenants to comply with,the leases and any applicable law. Borrower will obtain the <br /> Government's written authorization before Borrower consents to sublet,modify,cancel,or otherwise alter the leases, <br /> or to assign,compromise,or encumber the leases or any future rents. Borrower will hold the Government harmless <br /> and indemnify the Government for any and all liability,loss or damage that the Government may incur as a <br /> consequence of this assignment. <br /> 6. Insurance. Borrower shall keep the property insured as required by and under insurance policies approved <br /> by the Government and,at its request,deliver such policies to the Government. If property is located in a designated <br /> flood hazard area,Borrower also shall keep property insured as required by 42 U.S.C. §4001 et se q.and <br /> Government regulations. All insurance policies and renewals shall include a standard mortgagee clause. <br /> 7. Advances by Government. The Government may at any time pay any other amounts required by this <br /> instrument to be paid by Borrower and not paid by Borrower when due,as well as any cost for the preservation, <br /> protection,or enforcement of this lien,as advances for the account of Borrower. Advances shall include,but not be <br /> limited to,advances for payments of real property taxes,special assessments,prior liens,hazard insurance <br /> premiums,and costs of repair,maintenance,and improvements. All such advances shall bear interest at the same <br /> rate as the note which has the highest interest rate. All such advances,with interest,shall be immediately due and <br /> payable by Borrower to the Government without demand. No such advance by the Government shall relieve <br /> Borrower from breach of Borrower's covenant to pay. Any payment made by Borrower may be applied on the note <br /> or any secured debt to the Government,in any order the Government determines. <br /> Initial CL Date `,`//3 /3 FSA-2029 NE(11-06-12)Page 3 <br /> Z <br />