HomeMy WebLinkAbout1605 . , s t , I t'
~ ' ;
~~~9 Slf 00~! O~ !M U'1~ OI tA~ 11~ O! i~atlaf!
)0, taieMsip ~S ~o~th, lt~ i0 sa~t: soa Nerth t~! !~t aloN t~
o~ae~r liw~ o~ t~a~il ~oo~d t~ !h~ paiut o! bNinwi*! • tb~ s~n
Ea~! ~t)S tMt, thruo~ Moeil~ )0~ lMt, lh~nei *:st ?S i'Mt, l~ue~
~tA lOS tMt. ~b~aa~ Mwet 2ip !M! ~e? t1M e~nt~: o! ~il l~ead,
lh~s~ QoitW =00 t+o tt~ *oiot ot ~~awin~.
Lsss siybt-al-~ap !os hsN~il ~o~!!.
e
together Nith all rights, interests, easemeats, i~ereditaments and aF~urtenances t6ereuKobetonging, the rents. issues, aad
profits thereof aod revenues and income thereErom, a1! impr~ements and persoaal property now or later attac6ed thereto a
reasonabl~ nexessary to the use thereof, iaclud~ng. but not limited to, ranges, refrigerators, or catpeting purchased or
ii~nced ~n wMole or in pert vrith laen tunds, all water, water tights, and water stock pettaining thereto, a~d a~~a yments
.~t aay time or~ing to Barower by virt~ce ~f any sale, lease, transfer, conveyance, or condemaafio~i of anypart thereof a
~nterest theieia-aN d Nhich are herein callec "the ptoperty":
TO HAVE AND 3'O HOLD !he ptopert}• unto the Governsaent and its ass~gns fore~-er ~n fee s~mple.
BORRt79~ER tor h~mseif, his heirs, executors, adm~nistrators, successors aad assigns ~ARRANTS THE TITLE to the
; r~.perty to the Go~•emment against all lawful ciaims aad demands whatsoever except wny liens, encumbrances, easements,
~c•srn•ations, or conve}ances spcc~[ied he:einabove, and COVEi~IAN7'S AND AGREES as tollows:
(i l To pay promptIy w•i:en ane any indebtedaess to the Government hereby secured and to indemnify and save harmiess
the Go~ernment a~ainst aQy loss ~ndec its insurance of payment of the note by reason of any default by Barower. At all
times when tte note is held by aa iasured leader. Borrower s6a11 continne to make Qa}•ments on the note to the Government.
as collectioa ageat ta the holder.
!21 To pay to the Government such fee~ and other charges as may aow or hereafter be required by regulatiaas d the
Farr.iers Home Administration. '
~3i At all tia,es when tbe note is beld by an insured lender, any amount due and impaid undet the tert6s of the note, less
the amo~nt of any annual charge. a~ay be peid by ihe Government to the holder of the note as pcovided in t6e insutance
~ndorsement for the account d B~rrower. Aoy amount due and unpaid under the terms of the note, whether it is heW by the
Goveromeat c~r by an ~nsured leader, may be credited by tbe Government on the ~wte and thereupon sball co~stitute an
advance by the Government for the account of Borrower. Atry advance by the Govern ment as described i~ t6is peragraph slwll
bear interest at the notP rate from the date oo which the amount ot the advance was due to ti~e date o[ payment to the
~~overnment .
(4) Nhethe~ or not the note is ~nsured by the Government, the Goverrtmeat may at any time pay any otber aaaunts requued
hc~re~n to be peid by Iiato+~es and not paid by him w6eo due, as well as any costs and expenses (ot the presenation, pro-
tectioo, or enfr,rcement of thi:~ lien, as advances [a the account o[ Borrower. Ail such advances shall bear iaterest at the
rate borne by the ~ate which has the highest interest rate. -
(5? Ail advances by the Government as described in this instrument, with interest, slq~l be ims?ediately due and payeble .
Gy 8orroxer to the Goveramertt withuut demaa! at the place des~gnaled in the latest note and shail be secured hereby. No ~
sw~h advance by t~e Gove~nment shall relieve Borrower [rom breach of his covenant to pay. Such ~dvances, with interest.
shall be repatd from the f~rst availablr colf~ctions received from Borrower. Otherv?ise, any puyment made by Bonowet may
be appl~ed «i.the note or any indrbtcdness to the Government secured he~eby, in any ordec the Governmrnt determines.
- ~ ~ R ig3 i~ ~ ~
~ ~ :
f