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:. � � 201102��0
<br />4 • Taxes, liens, etc. Borrower shall pay when due all taxes, liens, judgments, encumbrances, and assessments lawfully
<br />attaching to or assessed against the property and promptly deliver to the Government without demand receipts evidencing such
<br />payments.
<br />�• Assignment. Borrower grants and assigns as additional security all the right, title and interest in: (a) the proceeds of any
<br />award or ctaim for damages, direct or consequentia(, in connection with any condemnation or taking by eminent domain or
<br />otherwise of any part of the property, or for conveyance in lieu of condemnation; (b) alt bonuses, rentals, royalties, damages, delay
<br />rentals and income that may be due or become due and payable to the Borrower or Borrower's assigns under any existing or future
<br />oil, gas, mining or mineral lease covering any portion of the property; and (c) all rents, issues, profits, income and receipts from the
<br />property and fi all existing or future leases, subleases, licenses, guaranTies and any other agreements for the use and occupancy
<br />of any portion of the properly, including any extensions, renewals, modifications or substitutions of such agreements. Borrower
<br />warrants the validity and enforceability of this assignment.
<br />Borrower authorizes and directs payment of such money to the Government until the debt secured by this instrument is paid in full.
<br />Such money may, at the option of the Government, be applied on the debt whether due or not. The Government shall not be
<br />obligated to collect such money, but shall be responsible only for amounts received by the Government. In the event any item so
<br />assigned is determined to be personal property, this instrument will also be regarded as a security agreement.
<br />Borrower wiit promptly provide the Government �vith copies of all existing and future leases. Borrower warrants that as of the date
<br />of executina this instrument no default exists under existing leases. Borrower agrees to maintain, and to require the tenants to
<br />comply with, tt�e leases and any applicable law. Bonower will obtainthe Government's written authorization before Borrower
<br />consents to sublet, modify, cancel, or otherwise alter the leases, or to assign, compromise, or encumber the leases or any future
<br />rents. Borrower witl hotd the Government harmless and indemnify the Government for any and all liability, loss or damage that the
<br />Government may incur as a consequence of this assignment.
<br />6. Insurance. Borrower shall keep the pro�erty insured as required by and under insurance policies approved by the
<br />Government and, at its request, deliver such policies to the Government. If property is located in a designated f�ood hazard area,
<br />Borrower also shall keep property insured as required by 42 U.S.C. § 4001 et seg. and Government regulations. AtI insurance
<br />policies and renewals shall include a standard mortgagee clause.
<br />�� Advances by Government. The Government may at any time pay any other amounts required by this instrument to be
<br />paid by Borrower and not paid by Borrower when due, as wei( as any cost for the preservation, protection, or enforcement of this
<br />lien, as advances for the account of Borrower. Advances shall include, but not be Iimited tq advances for payments of real property
<br />taxes, special assessments, prior liens, hazard insurance premiums, and costs of repair, maintenance, and improvements. All such
<br />advances shali bear interest at the same rate as the note which has the highest interest rate. All such advances, with interest, shall be
<br />immediately due and payabte by Bonower to the Government without demand. No such advance by the Government shall relieve
<br />Borrower from breach of Borrower's covenant to pay. Any payment made by Borrower may be appiied on the note or any secured
<br />debt to the Government, in any order the Government determines.
<br />g• Protection of lien. Borrower shall pay or reimburse the Government for expenses reasonably necessary or incidentat to the
<br />protection of the lien and its priority and the enforcement or compliance with this instrument and the note. Such expenses include,
<br />but are not Iimited to: costs of evidence of title to, and survey of, the property, costs of recording this and other instruments;
<br />attorneys' fees, trustees' fees; court costs, and expenses of advertising, selling, and conveying the property.
<br />9. Authorized purposes. Borrower shatt use the toan evidenced by the note solely for purposes authorized by the Government.
<br />i�• Repair and operation of property. Borrower shatl: (a) maintain improvements in good repair; (b) make repairs required
<br />by the Government; (c) comply with all farm conservation practices and farm management plans required by the Government; and
<br />(d) operate the property in a good and husbandlike manner. Borrower shall not (e) abandon the property; (fl cause or permit waste,
<br />tessening or impairment of the property; or (g) cut, remove, or lease any timber, gravel, oil, gas, coal, or other minerals without the
<br />written consent of the Government, except as necessary for ordinary domestic purposes.
<br />1 I• Legat compliance. Borrower shali comply with aIt laws, ordinances, and regulations affecting the property.
<br />12, Transfer or encumbrance of property. Except as provided by Government regutations, the Borrower shal) not lease,
<br />assign, sell, transfer, or encumber, voluntarily or otherwise, any of the property without the written consent of the Gavernment. The
<br />Government may grant consents, partial releases, subordinations, and satisfactions in accordance with Government regulations.
<br />t 3. �nspection. At all reasonable times the Government may inspect the property to ascertain whether the covenants and
<br />agreeme ts contained in this instrument are being performed.
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<br />Initial � date 1 Z' a ' oZ � �U FSA 1927-i NE (O1-28-OS) Page 3 of 7
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