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<br />Together wdh all ql the ~mprovemerns. now or hereafter erectetl on the foregoing descnbed propeny and all easements. r.gMS. appurtenances,
<br />rents. royalties. mineral. oil antl gas rights and profits. water. water rights, antl water stock, and all fixtures nvw or nereafter attached to the
<br />toregang descnbed property, allot wench, inclutling replacements antl additions thereto. shall be deemed to be and remain pan of the propeny
<br />covered by this Mortgage: and all ofthe foregoing; together wdh said foregping descnbed property (or the leasehold estate in the event this
<br />Mortgage is on leasehold} are herein refereed to as the 'Properly'
<br />TO HAVE AND TO HOLD the Property unto the Mortgagee, forever, the intention being to convey an absolute title m fee to said Properly
<br />and the Mortgagor covenants and agrees
<br />FIRST, That it will keep the Property and all parts thereof insured by policies of insurance. of such kinds and in forms and amounts and with
<br />a company or companies satisfactory to the Mortgagee, with a clause or clauses attached making loss payable to the Mortgagee as its interest may
<br />appear; it so requestetl by the Mortgagee. the said policies of insurance are to be delivered to the Mortgagee. The Mortgagee is hereby given a first
<br />lien on any insurance proceeds paid as a result o1 loss or damage to the Properly. Any insurance funds paid to the Mortgagee as a result of
<br />damage or toss to the Property shall, at the option of the Mortgagee. be credited against the payment or payments of the indebtedness. liabilities
<br />and obligatwns securetl by this Mortgage.
<br />SECOND. That it will pay all rremiunts upon insurance policies, licenses. or fees legally owing by the Mortgagor. antl alt taxes and
<br />assessments which may Oe levied or assessed upon the Property. and m default thereof the Mongagee may pay the sa~tl insurance premwms.
<br />licenses, fees, taxes, or assessments due. and any amount so paid shall become a pan of the principal debt. shall bear interest from the date of
<br />payment at the rate of eighteen percent per annum. shall together with interest. be a lien on the Property and be secured by toss mortgage- and
<br />shall be immediatery due and payable.
<br />THIRD. That it will keep ail buildings antl equipment subtect to this mortgage m good and substantial repau during the continuance hereof
<br />and wilt not cause, suffer, or permit waste thereof.
<br />FOURTH. That it will bear all expenses or costs incident to the release of the lien of this mortgage, ~n whole or .n part
<br />FIFTH. That it will, at all times during the existence of any part of the ken herein provided for, maintain as corporate existence and operate
<br />its business as a COaperaLve asaOCiahon quahhed under the provisions of the Act of Congress known as the Farm Credo Act of 797t. as emerWed
<br />$DfTH. That n will nat. during the existence bt any pan of the lien herein provided for, self lease, or assign ad, or any pan of the Property
<br />without the prior written consent of the Mortgagee apRrowng such sale, lease, or assignment.
<br />SEVENTH. chat no reritetly rrerein conferred on or reserved to the Mongagee is intended to be excluswe of any other remedy or remetlres.
<br />and each and every such rigfr186y shah tk! eumutairve to and shall be in ;tdditipn to every other remedy given hereunder and rtow or neroaher
<br />existing at law or m egrxty a, by statute. by otaeraUOns of law or atnerwrse.
<br />EKiHTH. That Every rrpM, remedy, pnvilepe. covenant, agreement, and power granted hereunder to the saitl Mortgagee sttas run.:rxxe
<br />and be ktcewrse for ttte berte2it of arty or aM successors or assigns of Bard Mongagee.
<br />' NINTH. That d is IewtuUy serZetl of the Property, has good right to sell and convey same, free of all encumbrances. cnet d wiM deierttl tna
<br />quiet l~npym@!tt thereof by the MOngapaB. arKf Mrta warrant antl defend the same against all lawful claims of any person wnomsiDavet 1nad ;t WrU ncx
<br />remove all or any port+cxt o! the sa+d Property from the cmanty
<br />TENTH. That rn itte evem fife Mortgagor detautts ~n the payment of all or any o! the indebtedness. liabilities and obkgations of tvlongapor to
<br />tvlorip~pee avirfertCi:d by saW Loam Apreen+crx and by one ~ rr~re Supplements to said Loan Agreement. antl by one or rnore Demarvd Pe~irs~y
<br />Ngtea,l when due whether by acceieratwn or otherwise, i,'ar defaults m the payment of any insurenc6, prerrtiurTl or taxes anSf such default snah
<br />cdnt111U@ far a pr9riod of t0 days. Or in ttte evem Of the »Olabon of any of the finer ebov8 cOndihan5. agteemenls tx cCVBnants_ tar ,n ttte evem the
<br />Mortgagor fads w refuses to metre ttte mv@Stmem m Class C stock of Ih8 Mortpapee orb regUlred by ttte Farm Credrl Act of t971. as amended,
<br />upon arty Change Of ownership by legal prxess. execution. tuWual sale, or operation at law, or if the Mortgagor snah cease the operation of ds
<br />pWnt, theft ITte Mortpapee may elect. wrlttaut notrcB. that Itte whole of the principal SUm hpr@by s@CUfetl. Or 50 much da Shah tttert femain unRard.
<br />together with any interest accrued thereon, shalt ~mmedratety became due and payable. and [he Mongagee may irnrrted+ataty IoreclOSe the
<br />mtMgepe w pursue any other available repel remedy Ptovrded chat in the event of such detault and prior to said foreclosure and sate, the
<br />tvlortgaprie re hereby authorized to enter upon the propeny to ;eke possession of the same, antl to rem or lease any of the Prigperty to any person.
<br />who is harreby authorized to occupy the said Property the proceeds thereof. after tleducting all necessary expenses, to be appketl to the payment
<br />at the indbbta$n4aa, iiabiktide 8rtf1 atatigatianS Secured rtereby, arx! Said tvtortgepor hereby apPaintS and deaignetea ine Mongagee tar any person
<br />apppird2d ty it tt~grefflr as d3 ap@n! tux! BttCrney ~n tit, wdh !,~ power ar'xf authority td execute, rn the name of arxt by auttuu,ty tlt the h~;amt,
<br />any in~rtmoM by wroth the MonpaQea exerCiae6 arty vt the npms arxi privileges herein conferred. In the evem of any actwn by the Mortgagee to
<br />enfpreb cRNeetrpn of said +rtdebtednesa. iabdares qr obkpatians. the Martpapw sprees that all taxabW costs at such actitat .nc.uWrtp Statutory
<br />attRmey tees tar pt~tttl#'a anprrsay arxt the Beat at extarxttng ttte abstract of title shah ta€;<.arrta a part df said ir~fabtadnass, iiab;stiiSS ~ oRtigatrans
<br />seCUrlld tlfrre~ry t SnaU L~ Rtl~ fay trig A~tgapQt.
<br />'~ N, Thal ttte grrxagi@n of the lytprl$apae td exercise any c?ptian hereunder. ~n cane ut army delauit by the MorlgapQr, afwlt nqt
<br />I~ee~sa if frt3m fhe exereitie titeraot at any subsaquem t,rrs. ~ tar any subsequent defeuh, and nothing but a wmten comraei of fife tkdEtnpaLTee
<br />atraN ba a waiver at air ztptiar'r
<br />TVM1te.FTf1. It +s further agreed that in case of tletauit ~n resRect to any of ttre terms of tots mortgage, the Mortgagee. enher taetiare or an ir,e
<br />cortxrtancemam of an action to torecloae tnra mo+ipage, or at any ume thereafter shau tae ennhird to the appgntment at a receiver, woo shah have
<br />the Rower to take and hold goes@aaran of said Property aril to rent the Sam@. Collect tna rants antl prattle thereham rot the bOrieht et scud
<br />Matpapea, pay the taxes tevred agartat said Profxtnt! and xeep ttte same in repair. antl such rrgnt soak in no event be barred, forfeited a ~titart~d
<br />by reation of ludpmem, decree or seta rn such ftxeGkuµrre. argt ttre mitt to have such reeeivBt aRpatnfeti upon appneatian of the HAprtgapae Spas
<br />extort raparclleas of the tact of aohrency ar irtspivency or the Mortgagor. artd repardle8a of the value of said morlpaped Rrertuses. w the waste, laaa.
<br />and destruction al the rents and Rroths a1 said monpageel premises during the statutory DBriQd of redemptrOn The right to itte apprxmnxutt iN such
<br />receiver Shah be cWtshuitd as auxdiefy t0 end in axt of any other rrgMS under this mortgage as n@rantaatprB R~vt[#ad, and :n r~ mar~tBe as
<br />detrectirtg from or in deropalion of said Tian
<br />Tt1~ITQlPITH, And whereas the said Mortpapor rn rnalung aRpticahon for a loan nag maaAreenain representauons to the birutgapee as to
<br />the plitppae lit pUrRpaea ipt Which the nWn9y loaned pit true rnongepp was borrowed, such represenlat+one era hereby spQGiltGally tetetred to and
<br />rnada a pan of this rtWngape. It is further spread that true manpape is made Rursuant, and +s subject to ah trio prpvrsians qt the Act of Catgress
<br />known as the Farm C[edit Act at 597t, and alt Acts amertdatary thereof or suppk?m@nlary therefor
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