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<br /> � `" :: . _ ' � SECTION 3.14. Conroliance with Loan A�,�qe�rtents:� .The Mort � nt ,
<br /> � �
<br /> will.vell and ts�tly� observe and perform a�21,4f the covenanza, agreements.
<br /> - � � � tetms ,an�t conditions contaiaed in the Loan Agree�en* on its part to t�e . �
<br /> `��°� � observed or perform�d. In the evexst oP any fnco�sistency_ he�reen the cerms
<br /> - and conditfans of the Mortgage and Loaa A,greement, the more restrictive . � �
<br /> - , - . provisions shall apply. to the Hortgagor. � � ',
<br /> - . SE�TION 3.15. • Notice of Chan¢e of ['i+iPf P.x�rUtjvp nfftces: ' � �
<br /> �����r� �':�:�:��= The I�ortgagor will prot�ptly noti,fy the Kortgag e in writing o£ any change fn � �
<br /> -. . � �ocation of its cbi�f executive offfces or the offic� where its records ' ' ,
<br /> concerning` accounts and contract rights are kept. .
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<br /> . SECTIf3I�i� 3.I6.. Rf�hts of �iay_ete= _ Necessary ia Susi�iPSS: The - � - - _ ,..
<br /> . `:�,r�.:.;.:� � Mortgagor, will obtain aIl such rights of way� easecnents from landowners and �
<br /> , ". releases from lienors as sha11 be necessary or advisable in ttie aonduct of its � �
<br /> ' .. � _ �business. and, if requested by the Mortgagee. detive� to the Mortgagee
<br /> . ...;: :.�� .;,; : "��evidence satisfactory to the Mortgagee of the� obtafning of such �tights of way, � . `
<br /> � ... easem��its or releases. � �
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<br /> �.. .:,;'��� . ._ �.' . SECTION 3.I7'.. Limitations on Loans Investmen�s and Other
<br /> � � � ::: :L�b1i ati s; The Hortgagar wfll not� without the written approval of the '
<br /> ' '� '�:�Ft�agee. hereafter maka any loan or advance to. or make any ir►vestment in� �
<br /> ' GYt,'f++II�f'�..'"$8B or make any cammitment to purchase any stock, bonds� Notes or
<br /> � � �:2ier securities of. or guaranty, assume or otherwise become obligated or ` . � �
<br /> . �able with respecC to the obligations of. any person, firm or corporation, �
<br /> �xcegt (i) securities or deposits issued, guaranteed or �ully insured as to � ��
<br /> payment by tlte United_ States Goverriment or any agency thereof, (i;) � ' .
<br /> Subordinated Capital Certificates or other certificates anc� securities of the �
<br /> :�oztgagee or of National Rural Utilities Goopetative Finance Corporation, � �
<br /> ;4iii) loans. deposits, advances. investments. securi�ies and oblfgations khich �
<br /> z::� i�.ca�tgagor has, prior to the date hereof. comtaitted itself to .make, - ,
<br /> �urcb�asr� or undertake, as the case may be. and as to whict� the Mortgagor has -. __
<br /> 3ivei� �;s Mortgagee notice in writing priot to the date hereof, and (iv) as • '
<br /> �llawed under the Y.oan Agreement. � � , ���
<br /> SECTION 3.18. Sale af Assets: The Mortgagor and any • `
<br /> 5ubsi�;��r of the Mortgagor may not, without prfor written approval of the i�
<br /> Mortgage�, sell. lease or transfer any Mortgaged Property� un2ess the fair •°�� .
<br /> m,�axke� value o£ suc.h assat is Iess than $150,000 and the ag�regate value of `�'
<br /> �ssets sald, leased oz transferred in aay 12-month period is less than � ����'
<br /> �SQO.LIG6�, Tl:Q proceeds of such sale, lease or transfer, less ordinary and ,�
<br />' zeasmasc�� expenaas incident to such sale transactfon must be immediately � �; .
<br /> �a�lfe� as prepeyment of the Notes or to buy replacement property as �ay be
<br /> �esiga*.a�ed by Kortgagea at the time of any such prepeyiaent or set aside as a
<br /> dapms$� ya an account selected by the Mortgagor.
<br /> ARTICLE IV
<br /> ` REMEDIES OF THE MQRTGAGEE AND NOTEHOLDERS
<br /> SE�CTiO:� 4.afl, Events of pefault; If one or more of the -
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