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<br /> _ , . < � '�S�CTIA[�3.2E. • �Ca�eil�th�i�rar■ent.s: . TA�c��oit�aor . . '
<br /> °. .�� �;�.,�r21 at� eie��Iy. ob�p�hra�aad pt�o� tii a#�� ca�hst+aat�� �'eeseats; . . -
<br /> �C
<br /> . ` , � taxas a�d co�diCions coaCait�ed i.a tbs Loan,�t�went on�its�put rb �be` , � � � _
<br /> � - o obse�svad or'�`racfa�ed:. In the cu�nt of s�r i�coasist�ey batreen the ulcas � ,
<br /> -------- ti : ,_ - -said�coadit#oas of d�+t !lart�� � #�n �taiwettt, �e �oza �teitrfct�ve- - - - � -- ,
<br /> ' -gr�visioe��1 a�►�)=ta the �ort�ar. . . � � . , , : � .
<br /> _ . . - . . _ , � . � � � , , .,
<br /> _- , • , � . . < < . , ,
<br />-- . � � � S� �3.15. �/atice o€ !��of 6hief 3�sec�tive @fffeas: . � °
<br /> - . ; . �1fit l�ostas�'?t xiYl Prarpt��`t�ot�fy tb� librt�sa.in vrltia� o� any chai�ge' in - .
<br /> loc�►tion of. �ts chfef cxacut�.va`offices.oz�'t�s of�i�s whirre its records • ° ", t
<br /> = .�� .cancesni�aceou�ts ind:contru� ii�bt� are icept. _ - �` . ' ; �.
<br /> . , _ ;
<br /> -� � . . . • `
<br />��'' • ' - 5DC?IOM 3.16. Rf�t@ of itay. :ezc:.` Fecessa�,y�n Eusiness: The`` . �
<br />- `� - ![oraaaaor irlll obtaip alt �+uh rfahts af vay; ease�eata �� .�
<br /> h e eata .fro�a,la�dov�rs aad
<br />��,� rcleasea frps,.lieuora� as shal.l'ba'neces�ary'or advisable iti the contluct of it�
<br /> -= . b�+atioess. an8. f.f Yeqaeste¢ by t�te �artsaaee, deliver ta ti�e llort�,agee -
<br /> �t"°� _ - , evideaes satfafactory r.a the Mai't�ea af the Qbtai�in� of sucb rig�tts of Kay, .
<br /> - - , ` ea�e�eats or.�relesseaF, � . . � . - ' � � . .
<br /> - � , SF.�.TIOti 3.17. ]�Aitatioas an Loans. Imrest■en and Other �
<br /> 1 Oblir�tios�s: The ltontasgoY s►ill na�t; vithont"the wti.ttan apprava2 of the
<br /> ` .ry�;�;;� �- � . liortaa�ea. hereafter wake any loa:► or advsncd�to. or aake any iAVestnent in.
<br /> ` - -� .,�---� � . - . -or par�ol�se ar�.�ak;n any �o�sftaeat;to-purcl�ase a�y swck; boAds, 1Qo�es or - ° -
<br /> 8�
<br /> - �-�.`:..'.� ,.
<br /> ` ���,�..�„:: _. - otber securitiies o�. or guaraatq. ass�e or othervise btcome obligated or
<br /> � lisbla vith�respect to �the nbligatioAS of, aay peYSOa, f.inr os corporatioa.
<br /> ���� '�~ ' �� '� eucept (i) securities or deposit� issued. guaranteed or fully iasused as to -- -
<br /> :;:Y�r_� . ' . �:�.r � . :�°.�,��E
<br /> - _ ;_ {,� �.,. � psyseat b,y the United States Goverau�eat or �aq agencq Yhereof. (ii) -�
<br /> ' j-�:_�w .�: Subordinated Cspital Certificates or other certificates and securities ef the
<br /> � `'��'-•Y� ��= � liort a ee dr df National Aursl IItilities Coo erative Fivance Co
<br /> ;. S g p rporation. .
<br /> _�'�.�Y�.�.,_.... (iii) los�s. deposits, advanees, investaieAts, seeurities and obligations.xhich ' �
<br /> ~�'- := . the Nortga6ar hss. pr.for-to the'date heraaf, comitted itseif to aalce. . � ----
<br /> ,. ,.�«s: ; _ - ' '. �uzcl�ase or �aWereake, ats tbe case aay be. and as to �ich tbe lSortgsgor has � . . =� - ---
<br /> _ . �_ . ,. � . glven the ltortgagee notice in writing prior�td the date hereof, aad (iv) as � • �"
<br /> allowed iatder the Loan Agreement. '=�:.-
<br /> ' • t; . � , SECTIOP 3.28, Sale of Assets: The Mortgagor and any .��' '=�
<br /> . , �:.�•��,:
<br /> : � • . Subsidiary of the Rlnrtga�or aay not� vithout•prior vritten appsoval .of the , i � _
<br />''. �• ` ° • ltortgagee, sell. lease ar tsansfer amy Mostgaged Property. wnless the fair � "� �;
<br /> `, . � oeucket value of such asset is les.4 than $150,000 aad tke aggreg,ate value of. , '�~-`
<br /> .
<br /> . . .,. - :.-._
<br /> �� . assets sold,. leased os Lransfened 3n any 12-m8nth period is less tban I �--
<br /> ..- - - - `f �
<br /> � � � ' 5600.000. The proceeds of such sale. �ease or tsansfer. less ordfnary and ( ,�jry.
<br /> _ � �- �� ' �. - ' , ressorable expenses incident to sucb.sale transaction must be immediately t ��
<br /> i'
<br /> ' ' , applied as prepaydent o£ the Notes or to buy replacement propexty as may be • f ,_ ''``a"
<br /> _ � < • , . desigaated by Kostgagee at the titae of any such prepaynent or seF aside as a � . �.^' ��
<br />. __. ' ._ �_ � �depos�it in an accouat �elected'by the Mortgagor. ' � � �.
<br />._ ;.: . -j± .�.• �•
<br /> . . : :_��; .. ---� -- -
<br /> •.y�- ,�� . . . ARTICLE IV �
<br /> _ '_"� ' , • � ��
<br /> ;��� ` RF1�[EAIES OF TNE MORTGAGES AND NOTEHOLDERS � ". . �*.-�
<br /> ^Y. . , t -
<br /> .. y _ - ., � . . . _ _'.i,._,.
<br /> . ' , -_ . . SECTION 4.01. Event�^of Defaul,�: If one or more ,of the � .. _. . _
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