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81002941
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Last modified
1/14/2010 2:48:45 PM
Creation date
1/14/2010 2:48:38 PM
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DEEDS
Inst Number
81002941
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81--f)02941 <br /> <br />profits thereof and gevenueseand in ometi[erefrome~lluneprovemenpPand personal property nolw ogr laterhattached thereto odr <br />reasonably necessary to the use thereof, including, but not limited to, ranges, refrigerators, clothes washers, clothes dryers, <br />or carpettng purchased or financed in whole or in pazc with loan funds, ali water, water rights, and water stock pertau[ing <br />thereto, and all pa menu at any time owing to Borrower by virtue of any sale, lease, ttansfer, conveyance, or condemnation <br />of any part thereof or interest therein-all of which ue 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; execumrs, adm;nisttatars, successors and assigns 1VARRANTS THE <br />TITLE to the property to the Governmen[ against all lawful claims and demands whatsoever except any liens, encumbrances, <br />easements, reservations, or conveyances specified hereinabove, artd COVENANTS AND AGREES as followsc <br />(1) To pay promptly when due any indebtedness to the Government htteby sa:ured and to indemnify and save hazm- <br />kss-the Government against any loss under its insurance of payment of the note by reason of any default by Borrower. <br />At all ttmes when the nots is held by an insured holder, Borrower shall continue to make payments on the note to the Govern- <br />ment, 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 ppayments of Z/12 of the estimated ann tares, <br />assessments, insurance premiums and other charges upon the martgaged premius. <br />(4} Whether ar not the note is insured by *he Government, the Government may at any time pay any oche 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 race. <br />(5) AU advances by the Government u desuibcd in this instrument, with interest, shall be immediately due and payable <br />by Borrower to the Government without demand at the place designated k the latest note and shall be secured hereby. No <br />such advance by the Government shall relieve Borrower from breach of Barrower's covenant co pay. Such advances, wrth <br />interest, shall be repaid from the test availahk collecrions received Pram Borrower- Otherwise, any payment made by <br />Borrower may be applied on the pore or any indebtedness to the Government secured hereby in any order the government <br />determines. <br />J <br /> <br /> <br />
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