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TO H.4V~ ~ID TO HOLD, the said proptrty, together with all and singufar the rights; members, heredita-
mcnts, and appurtenances thereunt~ belonging or in any wist appertaining, unto second party, its successors ,and as~
sig~s, in fee simple foi'ever; a~d first pxrty hereby binds himself (itself), his (its) heirs, ~~tors, administrators,
successors and assigns, to warrant and forever d~fend said property unto second party, its successors and assigns,
from and against hrst party, the heirs, executors, administrators, successors and assigns of first party and all other
persons whomsoever lawfully claiming or to cl~im the same or any part thereof.
PROVIDED AI,WAYS, I~'EVERTHELESS, and it is the true intent and meaning of thc p~arties to these
presents, that if first party shall gay, or cause to be paid, unto second party, its successors or assigns~ said debt or
sum of money, wixh interest thereon as aforesaid, and shall pcrform all trrms, conditions, and covenants according
to the tYVe intent of said note and this mortgage and any other instrument securing said nate, and comply wi~tt all the
provisians of the ~ederal Farm I,oan Act and all amendments thereto, and with the regulations issued and Lhat
may be issued by the Farm Credit t~drninistratian, all af which arc hereby made a part hereof, then this mortgage
shall crase, determine, and be utterly null and void; otherwise it shall remain in full force and effect.
FOR THE COtiSIDF;RATIO~i :'~FORESAID, first party cavenants as follows:
1. First pa.rty is law•fully seized of said propert_y in fee simple and has a ger'ect right to convey same; there
are no encumbrances or tien~ whatscever on said property except this mortgage.
2. F'irst party wilt insurt and keep insured as may be required by second party from time to time all graves
and orcharcis now on said property or that may hereafter bc thereon against loss or damage by fire, windstorm,
hail, frost, freeze, and/or other casualty, and a11 buildings now on said pronerty, and all buildings which may here-
, after be erected thereon, against loss or damage by fire, hail, ~•indstorm, and/or ot}zer casualt}•, in suc}i form, such
amounts, and in such company c~r companies, as shall be satisfactory to second party, the loss, if an}~, to be pa}~able
to cecottd partv as its interest may appear at the time oi the loss. F"irst party will deii~er to second party the policy
or po;icies of insurance with mortgagee clause attached thereta satisiactory to second party, and «~ill promptly pay
~~•hen due a11 ~remiums for such insurance. I~ any ~rove or orchard shall be destroyed or damaged by fire, ~~•ind-
storm, hail, frost. freeze, and/or other casualty, the amount recei~-ed in settlement of tt~e los~ or damage ma~ b~
applied at the option of second party on such part of the indebtedness secured by this instrutnent as second party
may in its sole discretion determine. If any building on said proriert~~ so insured shall be destroyed ~r damaged, the
amount re:eived in settlement of the Ioss or dama~e may be applied at the option of first par4y to the reconstruction
~r re~air of the biiildin~s so destro}~ed or damaged, subject to the reg~iiations issued or ttiat may be iss:sed under
the F'ederal Farm i,oan Act or acts amendatory thereof or supplesnental thereto: and anv portion of the ~roceecls
nnt so u~ed ~hall he applied on the deht herehv secured in such manner as second party,~in its sole discretion, mav
cietermine.
3. 1 irst party w~ill pay, when due and payable, atl taxes, assessments and other ct.arges that ma}• be levied or
a~scs=ed a~ainst said property, and all jud~rnents and aIl other amounts that may be or becomQ a lien thercon.
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