|
<br />I
<br />
<br />r
<br />
<br />83- 001U13
<br />
<br />together with all rights, interests, easements, hereditaments and appurtenances thereunto belonging, the rents, 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, inclt"ling, but not limited to, ranges, refrigerators, clothes washers, dothes 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 are 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, encwnbrances,
<br />easements, reservations, or conveyances specified hereinabove, and COVENANTS AND AGREES as follows:
<br />(1) To~ay promptly when due any indebtedness to the Government hereby secured and to indemnify and save harm-
<br />less the Govertfment 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 1/12 of the estimated annual ta.'les,
<br />assessments, insurance premiwns 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 fltst available collections received from Borrower, OtherwL.... any payment made by
<br />Borrower may be applied on the note or any indebtedness to the Government secu,ed hereby in any order the Government
<br />determines,
<br />
<br />L
<br />
<br />L
<br />
<br />L
<br />
<br />l
<br />
<br />J
<br />
<br />~
<br />
|