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201502425
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4/22/2015 10:17:54 AM
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4/20/2015 2:09:42 PM
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DEEDS
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201502425
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A 20150242: <br /> 17. Forfeiture. Borrower shall be in default if any forfeiture action or proceeding,whether civil or criminal,is <br /> begun that in the Government's good faith judgment could result in forfeiture of the property or otherwise materially <br /> impair the lien created by this instrument or the Government's security interest. Borrower may cure such default by <br /> causing the action or proceeding to be dismissed with a ruling that precludes forfeiture of the Borrower's interest in <br /> the property or other material impairment of the lien created by this security instrument or the Government's security <br /> interest. <br /> 18. False statement. Borrower also shall be in default if Borrower,during the loan application process,gave <br /> materially false or inaccurate information or statements to the Government(or failed to provide the Government <br /> with any material information)in connection with the loan evidenced by the note. <br /> 19. Cross collateralization. Default under this instrument shall constitute default under any other security <br /> instrument held by the Government and executed or assumed by Borrower. Default under any other such security <br /> instrument shall constitute default under this instrument. <br /> 20. Highly erodible land;wetlands. Any loan secured by this instrument will be in default if Borrower uses <br /> any loan proceeds for a purpose that will contribute to excessive erosion of highly erodible land or to the conversion <br /> of wetlands to produce an agricultural commodity as provided in 7 C.F.R.part 1940,subpart G,or any successor <br /> Government regulation. <br /> 21. Non-discrimination. If any part of the loan for which this instrument is given shall be used to finance the <br /> purchase,construction or repair of property to be used as an owner-occupied dwelling(herein called"the dwelling") <br /> and if Borrower intends to sell or rent the dwelling and has obtained the Government's consent to do so (a)neither <br /> Borrower nor anyone authorized to act for Borrower will,after receipt of a bona fide offer,refuse to negotiate for <br /> the sale or rental of the dwelling or will otherwise make unavailable or deny the dwelling to anyone because of race, <br /> color,religion,sex,national origin,disability,familial status or age,and (b)Borrower recognizes as illegal and <br /> hereby disclaims,and will not comply with or attempt to enforce any restrictive covenants on the dwelling relating <br /> to race,color,religion,sex,national origin,disability,familial status or age. <br /> 22. Notices. Notices given under this instrument shall be sent by certified mail unless otherwise required by <br /> law. Such notices shall be addressed,unless and until some other address is designated in a notice,in the case of the <br /> Government to the State Executive Director of the Farm Service Agency at the mailing address shown above,and in <br /> the case of Borrower at the address shown in the Government's Finance Office records(which normally will be the <br /> same as the mailing address shown above). <br /> 23. Governing law;severability. This instrument shall be governed by Federal law. If any provision of this <br /> instrument or the note or its application to any person or circumstances is held invalid,such invalidity shall not <br /> affect other provisions or applications of this instrument or the note which can be given effect without the invalid <br /> provision or application. The provisions of this instrument are severable. This instrument shall be subject to the <br /> present regulations of the Government,and to its future regulations not inconsistent with the express provisions <br /> hereof. All powers and agencies granted in this instrument are coupled with an interest and are irrevocable by death <br /> or otherwise;and the rights and remedies provided in this instrument are cumulative to remedies provided by law. <br /> 24. Successors and assigns;joint and several covenants. The covenants and agreements of this instrument <br /> shall bind and benefit the successors and assigns of Government and Borrower. Borrower's covenants and <br /> agreements shall be joint and several. Any Borrower who co-signs this instrument but does not execute the Note: <br /> (a)is co-signing this instrument only to mortgage,grant and convey that Borrower's interest in the property under <br /> this instrument;(b)is not personally obligated to pay the sums secured by this instrument;and(c)agrees that the <br /> Government and any other Borrower may agree to extend,modify,forbear or make any accommodations with <br /> regard to the terms of this instrument or the note without that Borrower's consent. <br /> 25. No merger. If this instrument is on a leasehold,Borrower shall comply with all the provisions of the lease. <br /> If Borrower acquires fee title to the property,the leasehold and the fee title shall not merge unless the Government <br /> agrees to the merger in writing. If the property is conveyed to the Government,title shall not merge(unless the <br /> Government elects otherwise)and the lien provided under this instrument shall not be affected by such conveyance. <br /> 26. Time is of the essence. Time is of the essence in the Borrower's performance of all duties and obligations <br /> under this instrument. <br /> Initial Date 503A� FSA-2029 NE(11-06-12)Page 5 <br />
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