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Home My WebLink About0986 : ? . : . a : ~ %~t, ~ `*s (9) To auntsin improvements ia good repoir aad make repairs requioe~b~r t1~e Goverament; operate the property in a good ' aod 6usbas~aalike maaner: comply witb such fara consecvatlon pcactices and farm and 6ooe o~nagemeat plans as the ; Goveraeent from tia~e to tioe may peescribe; and oot t~ abaa~on the pcoperty, a canse ar peroit waste, lessening a ispair- ; ment of tbe secnrity covered 6eceby. a, witbout d?e written ~ oonseet of t6e Gov~rament, cn~ reaove. a tease aay timber, g~avel~ oil, gas, coal, a othec minecals e:cept as oay be necesaary fa adieary do~estic parpoaes. (10) If thia iastrument is givea for a"Farm O:nersLip" loan as identi6ed iu FarOers Hwie Administtatian regulations, persoaally to operabe tbe pcopesry wit6 6is own and 6is fa~oily laba as a far~ and fa no other pa~pose. and not to lease t6e ; prope~ty or any pa~t of it. unkss the Government consenb io writing to some ot6e: eet6od of operatioo a to a lease; a. i€ 3 this instruoent ia given for a~ "Sectioa 502 Rural Housin~' lo4n aa a"rtaafarm tact," ~ idesitfied 'u ar%~ regulatio~?s, all ~ a any of the pcopecty caeatructed. improved, or puchased with t6e loen wtU be persooally ocCnpied end n.e«~ by Barower ' and not reated ac leased, nnkss the Govemmeot gives wcitten conseat otherwise. j~,'' r, (11) 1'o coeply wit6 all Iaws. ardiaences. and ragnlations affecting the pcoperty. (12) To pay a reinburae t6e Govemoent ia e:penses eeasonably necessaey a iacidnotal to the protection of the lieo and F pciority 6ereof and to tLe eafacenedt of a t6e codpllaaca ~it6 t~e provisio~, ~ereof aad ot, t~e oote ~ot aay auppleventary - a~reeaent (whether befae or after default), inclnding but not limited to co~ta of evide~oe'd tit1L to abd sdtvey of the Pcoperh?? costs of ceoocdin~ this aad otbgr in~tn?ments,...+t~tS~Ys' fees. trustees' fees, coort costs, and e:peases of advertising, aelling, aad coaveyiug the proQeity: . _ ~ ~ (l3) Neither N~e propeKy aa any portion thereoE or intecest t6ereia shall be assi~ed, aold, traasfeaed, or encumbered, v~uluatariiy a othe:wise, withaet the writtea caosent of the Goverment. The Gov~ernment s6a11 6ave the sole and e~clusive rigbts as ~atgagee berennder, iacluding but not liaited to the power to grant coosents, pactial celeases, snbordinations, and satisfaction, aad~no insmed kadec s6all 6ave any rigbt, titk a interest in ar to the lien a aay benefits 6ereoi. (14) At all oeasooabk times the Gavernmeat aad its agents may inspect the pcoperty to asc~r:ain wbet6er t6e coveaants and a~ee~enbs caatained herein or ie airy supple~eotary agree~eat are beiAg perfamed. ~ (15) Tbe Go~+~emme~,p~ay e:tead and defer tbe maturitx of and renew and ieamodize tbe debt ewidenced by the oote or aoy indebtedaess to tLe Geberni~ent secured bereby, rele~~e irom liability to the Govemoent any party so liable thereon, release portions af tbe _pcoperty fram.aad subordinate the lien bereof. aad waive any other rig6ts hereunder, without affecting the liea a priaity hereof a t6e liability to the GoveinmenE oE Bormwer oi a`ny other~party for pajmFpt of the note or indebtedaess - secuced hereby eacept as specified by the Govemment ie vPriting. (16) If at a~ time it s6all appear to the Govemment that Bortnwer aray be able to obtaia a losn from a pet~ductioa credit essociatioo, a Fe~al land baak. .oc other respoasj~le ~ooperative or privabe credit soorce, at reasoaab[e rates_ aad~tercr# for loans for similar pu~poses aad periods af time, BoROwer will, upon the Government's cequesi, apply fa aad aeeept such loen in s~ficieat aawunt to pay tbe aote and any iadebtedness secured bereby and to pay for any stock necessary to be purcMased ia a oooperative•Iending a~ncy ~~i-~onaection with suc6 loan. ' (17j Defanlf~heteunder shall constitute default under any other r~l estate, or under any persona! property or other, secacity instcnment 6eld or insured by tLe Govetnmeet' aad e;g~ated a'aRsu~ned by;~Qcrowef~;~nnd default audec any s~rch other sec~rity inshament s6a11 constitute default hereunder. (la) SHOULD DEFAULT occar 3n tbe perfarmaace a discbar6e of soy obligation secared by this instrumeat, or shonld a~r one of the pa~ties namedas Borrower die or be declared an inc~petent, e bankrupt, a an insolvent, a malce an assign- meat foc t6e benef~t ~f c~editots, the Government, et its optioo, with a without aotice. may: (a) declare tl~e entire amount nnpaid uede~ t6e ndte and'ed~'iudebtedness to tbe Government heceby secar~ed immediatetyr due aod peyable, (b) fa tbe accouat oE Baro~+er iacnr an~ pay reascaa~sle e:penses for repair or maintenance of aad take possessioa of, operate or rent t6e ptoperty, (c) npon applicatioa by it and p~oducti6n ~ef~ig instrument, wit6oat other evidence and without notice of hesring of ~ said applicatioo. 6eve a rece:ver eppointed Ta the pmperty, vrit6 the usual powers of receivera in like cases, (d} toceclase ffiis instraoent as pcovided 6erein a by law, and (e) enforoe say asd all other ri~ts an~ renedies ~rovided herein or by present a fntn~e law. . . (19) T6e proceeds of foreclosure sale shall be applied ia t6~;#ollowiag.ord~rtA:tbe ~a~en t of: (a) costs and e:peases iacident to eafacing a complyu?g witb the provisioos hereoE, (b) sn Pnor Heos tequired by lai? a e competent wurt to b~ so p4id, (c) the debt evideaced by t6e note aad all indebtedness to ~ Govem~eat secored bereby, (d) iaferia lieas o[ tecord eequired by? law or a coopeteat court to be so paid, (e) at d?e GovernoenNa option, any other indebtedaess of Bw~ro~ver owiag to a insnced by t6e Goveinoeat, and any balance to Borrow~.~; ~llt=fe~eclos~t~ 4-pthet ~a10 of all a any part of tLe pto- pett~, the Govetnoent and its agents may bid and pucchase as a str~ager and aay psY tbe GovernmqiNs share of the purchase pcice by crediting auch amount oa aoy debts of Bocrower owing b~ or insnred by t6e ~Govemmeat, in t6e order prescribed above. (ZO) -As agpinst the debt evideaced by the nate and aay indebtednesa to the Government bereby secnred, with tespect to tbe prope~ty, aad to We e~ent pecnitted by law, Borrower bereby relinqnishes; waives, and conveya all rights, inchoate or coasu~oate, af ~ deacent, dowec. cnrtesy, homestead, valuatioo, appraisal, redemptioo, and e:emption to which Barower is - « becomea enaikd undec ~e taws and constitntion o[ cbe ~artsdiction ~bece t~e ~ro~ecty ties. (21) This instrnment s6all be subject •to tl~e present negnlatioas o[ the Farmers Home Administration, and to its future ~ re~tiatio~s not iocoosisEeat wit6 t6e espress pto~isions 6ereof. (22) I~lotices pven 6ereonder sball be aeot by certiGed mail, aaless otherwise required by larv, addressed, unless and uedl ~o~e other address is designated ie a notice ao 6iven, in the caae ef the Govermoent to Facmera Nome ~dministratioa, Un#e~d' Shtes Dep~rtnent o~~ A~icaltan, at ~ GainesvilIe, Fie~da 32601, aad in t6e case of Bocrower to him at 6ia post olfioe address sfated abov~e. ' (23) Borrower wtll at all times properly fertilize, cultivate, c~n.? for, and maintain in a prodnctive condition all the grove aed o~cbaid ttef!s naw on tbe pcoperty ar 6ereafta pl~nted ibeceoo, and will pcotect tbe groves and orchards against loss or ~ damege by fire by makiag aad maintaining proper firebreaks on and aroun d the pcoperty, to tLe setisfactioa of tbe Governmeat, ~~7~ . . _ ~ : ~ } - :•-s. _ ~ . - . _ : a~ N. ~ -