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85000859
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Last modified
10/17/2011 4:36:16 PM
Creation date
4/1/2008 3:54:38 PM
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DEEDS
Inst Number
85000859
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85-= 000859 <br />together with all rights, interests, casements, hereditaments and appurtenances thereunto belonging, the rears. issues, and <br />profits thereof and revenues and income therefrom, all improvements and personal property now or later attached thereto or <br />reasonably necessary to the use thereof, including, but not limited to, ranges, refrigerators, clothes washers, clothes dryers, <br />or carpeting purchased or financed in whole or in part with loan funds, all water. water rights, and water stock pertaining <br />thereto, and all payments at any time owing to Borrower by virtue of any sale, lease, transfer, conveyance, or condemnation <br />of any part thereof or interest therein -all of which arc herein called "the property ": <br />TO HAVE AND TO HOLD the property unto the Government and its assigns forever in fee simple. <br />BORROWER for Borrower's self, Borrower's heirs, executors, administrators, successors and assigns WARRANTS THE <br />TITLE to the property to the Government against all lawful claims and demands whatsoever except any liens, encumbrances, <br />casements, reservations, or conveyances specified hereinabove, and COVENANTS AND AGREES as follows: <br />lj To pay promptly when due any indebtedness to the Government hereby secured and to indemnify and save harm- <br />less the Government against loss under its insurance of payment of the note by reason of any default by Borrower. At all <br />times when the note is held by an insured holder, Borrower shall continue to make payments on the note to the Government, <br />as collection agent for the holder. <br />(2) To pay to the Government such fees and other charges as may now or hereafter be required by regulations of the <br />Farmers Home Administration <br />(3) If required by the Government, to make additional monthly payments of 1112 of the estimated annual taxes, <br />assessments, insurance premiums and other charges upon the mortgaged premises. <br />(4) Whether or not the note is insured by the Government, the Government may at any time pay any other amounts <br />required herein to be paid by Borrower and not paid by Borrower when due, as well as any costs and expenses for the pre- <br />servation, protection, or enforcement of this lien, as advances for the account of Borrower. All such advances shall bear <br />interest at the rate borne by the note which has the highest interest rate. <br />(5) All advances by the Government as described in this instrument, with interest, shall be immediately due and pay <br />able by Borrower to the Government without demand at the place designated in the latest note and shall be secured hereby. <br />No such advance by the Government shall relieve Borrower from breach of Borrower's covenant to pay. Such advances, <br />with interest, shall be repaid from the first available collections received froth Borrower. Otherwise, any payment made by <br />Borrower may be applied on the note or any indebtedness to the Government wcured herel y in .uiy order the Govcrnn ent <br />determines. <br />4� <br />
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