|
80- ~~`'~
<br />SOBJE)Gi' 2U Mortt3age in favor of Fanners Home Achninistration in the principal amount of
<br />$35,700.00;
<br />S[7g7F7LT 2n Mortgage in favor of Farniers Home pc~[tinistration in the principal amount of
<br />$4,100.00;
<br />SU$7HCT 70 Mortgage in favor of Fauners Hone Achnilzistration in the principal amount of
<br />$24,000.00; aryl
<br />S'U&7I~C1 `10 Iand Contract in favor of Lue J. Allan, affect"lrM~ only the SW~7NBs 24-11-12.
<br />together with all rghts, interests, easements. hereditaments and appurtenances thereun[o belonging, the rents, issues, and
<br />profits thereof and zevenues and income therefrom, all improvements and personal properrt now or inter attached thereto or
<br />«uonably necessary to the use thereof, indudurg, but not limited to, ranges, refrigerators, clothes washers, clothes dryers,
<br />nr cazpeting purehued or financed in whole or in pazt with loan funds, all water, water rights, and water stock nertairing
<br />thereto, and all pa menu at any time owing to Borrower by viztue of any sale, lease, transfer, conveyance. ar condemnation
<br />of any part thereof or interest therein-all of whirl[ are herein called "the property ":
<br />TO HAVE AND TO HOLD the property unto the Goveznment and its assitcns forever in fee simple.
<br />BORROWER for Borrower's self, Borrower's heirs, executors, adminis[rators, 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 />easements, reservations, or conveyances specified hereinsbove, and COVENANTS .AND AGREES as followsr
<br />jI) To pay promptly when due any indebtedness to the Government hereby secured and to indemnify and save harm-
<br />less the Government against any loss under its insurance of payment of the note by reason of any default by Borrower.
<br />Ai all times when the note is he]d by an insured holder, Borrower shall continue to make payments on the noce :a the Govern-
<br />ment, as collection agg~~nc for the holder.
<br />j2) To pay to the Government such fees and other charges as may now ar hereafter 6e required by regulations of [he
<br />Fsrmen Home Adminutntian.
<br />(3) If required b}' the Government, xa make addirional monthly payments of C113 of the estimated annual rases,
<br />assessments, insurance premiums and other changes upon the mortgaged premises.
<br />{4} Whether ar not the note is insured by the Government, the Government may at any tune pay anp other amounts
<br />required herein to be paid by Borrower and nac paid b}' Borrower when due, as well as any casts and expenses tar *.he pre-
<br />servation, protecting, or enforcement of this lien, as advances for xhe account of Borrower, All such advances shall 'acne
<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 imrnedaceiy due and payable
<br />by Borrower to the Government without detrtand at the place designated in xhe latest note and shall he secured hereby. do
<br />such advance by the Government shall relieve Borrower fzom breach of Borrower's covenant m pay. Such advances, with
<br />interest, shall be repaid Pram the first available collections received from Borrower. Otherwise, iny~ payment made b.'
<br />Borrower rosy be applied on the note or arv indebtedness to the Government secured hereby in ~~~y order the Guverr:n:ent
<br />deceimines.
<br />L....
<br />
<br />
<br />
|