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This instrument combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a
<br /> uniform trust deed covering real property.
<br /> UNIFORM COVENANTS_ Borrower COVENANTS AND AGREES as follows:
<br /> l. Payment. Borrower shall pay promptly when due any indebtedness to the Government secured by this instrument.
<br /> 2. Fees. Borrower shall pay to the Government such fees and other charges that may now or later be required by Government
<br /> regulations.
<br /> 3. Application of payments. Unless applicable law or Government's regulations provide otherwise all payments received by the
<br /> Government shall be applied in the following order of priority: (a)to advances made under this instrument; (b)to accrued interest due
<br /> under the note; (c)to principal due under the note; (d)to late charges and other fees and charges.
<br /> 4. Taxes,liens,etc. Borrower shall pay when due all taxes,liens,judgments,encumbrances,and assessments lawfully attaching to or
<br /> assessed against the property and promptly deliver to the Government without demand receipts evidencing such payments.
<br /> S. Assignment. Borrower grants and assigns as additional security all the right,title and interest in: (a)the proceeds of any award or
<br /> claim for damages,direct or consequential,in connection with any condemnation or taking by eminent domain or otherwise of any part of the
<br /> property,or for conveyance in lieu of condemnation; (b)all bonuses,rentals,royalties,damages,delay rentals and income that may be due or
<br /> become due and payable to the Borrower or Borrower's assigns under any existing or future oil,gas,mining or mineral lease covering any portion of
<br /> the property;and (c)all rents,issues,profits,income and receipts from the property and from all existing or future leases,subleases,licenses,
<br /> guaranties and any other agreements for the use and occupancy of any portion of the property,including any extensions,renewals,modifications or
<br /> substitutions of such agreements. Borrower 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. Such money
<br /> may,at the option of the Government,be applied on the debt whether due or not. The Government shall not be obligated to collect such money,but
<br /> shall be responsible only for amounts received by the Government. In the event any item so assigned is determined to be personal property,this
<br /> instrument will also be regarded as a security agreement.
<br /> Borrower will promptly provide the Government with copies of all existing and future leases. Borrower warrants that as of the date of executing this
<br /> instrument no default exists under existing leases. Borrower agrees to maintain,and to require the tenants to comply with,the leases and any
<br /> applicable law. Borrower will obtain the Government's written authorization before Borrower consents to sublet,modify,cancel,or otherwise alter
<br /> the leases,or to assign,compromise,or encumber the leases or any future rents. Borrower will hold the Government harmless and indemnify the
<br /> Government for any and all liability,loss or damage that the Government may incur as a consequence of this assignment.
<br /> 6. Insurance. Borrower shall keep the property insured as required by and under insurance policies approved by the Government and,at
<br /> its request,deliver such policies to the Government. If property is located in a designated flood hazard area,Borrower also shall keep property
<br /> insured as required by 42 U.S.C. §4001 et M.and Government regulations. All insurance policies and renewals shall include a standard mortgagee
<br /> clause.
<br /> 7_ Advances by Government. The Government may at any time pay any other amounts required by this instrument to be paid by
<br /> Borrower and not paid by Borrower when due,as well as any cost for the preservation,protection,or enforcement of this lien,as advances for the
<br /> account of Borrower. Advances shall include,but not be limited to,advances for payments of real property taxes,special assessments,prior liens,
<br /> hazard insurance premiums,and costs of repair,maintenance,and improvements. All such advances shall bear interest at the same rate as the note
<br /> which has the highest interest rate. All such advances,with interest,shall be immediately due and payable by Borrower to the Government without
<br /> demand. No such advance by the Government shall relieve Borrower from breach of Borrower's covenant to pay. Any payment made by Borrower
<br /> may be applied on the note or any secured debt to the Government,in any order the Government determines.
<br /> 8. Protection of lien. Borrower shall pay or reimburse the Government for expenses reasonably necessary or incidental to the protection
<br /> of the lien and its priority and the enforcement or compliance with this instrument and the note. Such expenses include,but are not limited to:cosh
<br /> of evidence of title to,and survey of,the property,costs of recording this and other instruments;attorneys'fees,trustees'fees;court costs,and
<br /> expenses of advertising,selling,and conveying the property.
<br /> 9. Authorized purposes. Borrower shall use the loan evidenced by the note solely for purposes authorized by the Government.
<br /> 10. Repair and operation of property. Borrower shall: (a)maintain improvements in good repair, (b)make repairs required by the
<br /> Government; (c)comply with all faun conservation practices and farm management plans required by the Government;and (d)operate the property
<br /> in a good and husbandlike manner. Borrower shall not (e)abandon the property; (0 cause or permit waste,lessening or impairment of the property;
<br /> or (g)cut,remove,or lease any timber,gravel,oil,gas,coal,or other minerals without the written consent of the Government,except as necessary
<br /> for ordinary domestic purposes.
<br /> I I_ Legal compliance. Borrower shall comply with all laws,ordinances,and regulations affecting the property.
<br /> 12. Transfer or encumbrance of property. Except as provided by Government regulations,the Borrower shall not lease,assign,sell,
<br /> transfer,or encumber,voluntarily or otherwise,any of the property without the written consent of the Government. The Government may grant
<br /> consents,partial releases,subordinations,and satisfactions in accordance with Government regulations.
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