PERMFILE112004

• Permit No: M1984040
• IBM Index Class Name: Permit File
• Section_Exhibit Name: EXHIBIT B
• Media Type: D
• Archive: No

' (6) To ux the loan evidenct•~he note solely for purposes authorized by ivernmen~~~K 8~7Pdr>E ~~
~ • '' ~-
(7) To pay when due all taxes, liens, judgment; encumbrances, and assessments against the property, including all
charges and uussments in connection with water, water rights, and water stock pertaining to or «uonably necessary to the
ate of the real property described above, and promptly deliver [o the Government without demand receipts evidencing such
payments.
(g) To keep the property insured as required by and under insurance policies approved by [he Government and, at its
request, to deliver such policies to the Government.
~- ~ (9) To maintain improvements in good repa'v and make «pavs required by the Government; opera[e [he property in
a~,goo and titusbandmanlilte manner; comply with such Cann conxrvation practices and firm and home management plans
u the Government from tune to time may prexribe; and not [o abandon the property, or caux or permit waste, lesxning or
"impairment of the secunty covered hereby or, without the written conxnt of the Government, cut, remove, or leax any
• timber, gravel, oil, gas, coal, or other minerals a:cep[ as may be necessarry for ordinary domestic purpoxs.
- (10) Ty comply with all laws, ordinances, and regulations affecting the property.
~: (1I) To pry or reimburse the Government for expenxs reasonably necessary or incidental to the protection of the lien
and priarity hereof and [o the enforcement of or the compliance with the provisions hereof and of the note and any supple-
mentary agreement (whether before or after default), including but not I'vnited to cost of evidence of title to and survey of
the property, costs of recording this and other instruments, attorneys' fees, trustees' Cees, court costs, and expenxa of adver-
tising, selling, and conveying the property.
(12) Neither the property nor any portion thereof or interest therein shall be leased, assigned, sold, transferred, or
encumbered, voluntarily or otherwix, without the written conxnt of the Government. The Government shall have the sole
and exclusive rights as beneficiary hereunder, including but not limited to the power to grant consents, putial releues,
subordinations, and satisfaction, and no insured holder shall have any right, title or interest in or to the lien or any benefits
hereof.
(13) At all reasonable times the Government and its agents may inspect the property to ascertain whether the cov-
enants and agreements contained herein or in any supplementary agreement are being performed.
(14) The Government may (a) extend or defer the maturity of, and renew and reschedule the payments on, the debt
evidencedd by the note or any indebbtedness to the Government secured by thu instrument, (b) release any puty who is liable
under the note or Eor the debt from liability to the Government, (c) releax portions of the property and subordinate its lien,
and (d) waive an other of its rights under this instrument. Any and all this can and will be done without affecting the lien
or the priority of this instrument or Borrower's or any other puty's 1'ubility to the Government for payment of the note or
debt secured by this instrument unless the Government says otherwix in writing. HOWEVER, any forbearance by the Gov-
ernment-whether once or often-in exercising any righ[ or remedy under this instrument, or otherwise afforded by applicable
law, shall not be a waiver of or preclude the exercix of any such right or remedy.
(15) Default hereunder shall constitute default under any other real estate, or under any personal property or other
xcurity instrument held or insured by the Government and executed or usumed by Borrower, and default under any such
other security instrument shall constitute default hereunder.
(16) If at any time it shall appeu to the Government chat Borrower may be able to obtain a loan from a production
credit usocution, a Federal land bank, or other responsible cooperative or private credit source, at reuonable ra[es and terms
for loans for simile purposes and periods of time, Borrower will, upon the Government's request, apply for and accept such
loan in sufficient amount to pay the note and any indebtedness secured hereby and to pay for any stock necessary to be
purchued in a cooperative fen ng agency in connection with such loan.
(17) SHOULD DEFAULT occur in the performance or discharge of any obligation in this instrument or secured by
this instrument, or should the parties named u Borcower die or be declared incompetent, or should any one of the parties
named as Borrower be decVued a bankrupt or an insolvent, or make an usignment for the benefit of creditors, the Govern-
ment, at its option, with or without notice, may: (a) declue the ent've amount unpaid under the note and any indebtedness
to the Government hereby xcurcd immediately due and payable, (b) For the account of Borrower incur and pay reuonable
expenxs Eor repair or maintenace of and take possession of, o rate or rent the properly (c upon application by it and
production of this instrument, without other evidence and without notice of hewing of said application, have a receiver
a pointed for the property, with the usual powers oC receivers in like cases, and (d) authorize and request Trustee to foreclou
this instrument and xll the property as rescribed by law or herein, and (e) requve Bonower to surrender to Trustee Eor the
benefit of the Government any and all abstracts of title then owned by Borrower cmering all or any put of the property.
(18) Upon default by Borrower u aforesaid, the Government is hereby 'vrevocably authorized and empowered to
Corcclox by action or at its opp[ion without notice to fik with Trustee a nonce and demand N writing as provided by law
whereupon Trustee shag foretlox this deed of trust and aeU and deppose of the property and of all Borrower's right, title,
and interest therein, at public auction at the front door of the Courthoux in the county xat of the County where the pro-
perty lies, or on tht property or any part thereof, or in any other place then authorized by law, as specified in the notice
of such sale, Eor the highest and best price the property will bring, in cash or xtu«d credit at tfie option of tfie Government,
four weeks public notice having been previously given of the time and place of such sale by advertisement weekly N some
newspaper of general c'vculation at the time published N said county or upon such other notice u may then be required
by law, and Trustee shall issue, execute, and deliver a Certificate of Purchax, Trustees' Deed, or Certificate of Redemption
in the manner provided by law, to the person entitled thereto. At foreclosure or other sale of all or any part of the property,
the Government and its agents may bid and purchase u a stranger.
(19) The proceeds of foreclosure sale shall be applied in the following order to the payment of: (a) costs and expenus
incident to enforcing or complying with the provisions hereof, (b) any prior liens requved~ by law or a competent court to
be so paid, (c) the debt evidenced by the note and all indebtedness to the Governmene xtured hereby, (d) inferior liens of
record required by law or a competent court to be so paid, (e) at the Government's oprion, any other indebtedness of Bor-
rower owing to or insured by the Government, and (E] any balance [o Borrower. In eau the Government is the successful
bidder at foreclosure or other sale of all or any put of the property, the Government may pay its shoe of the purchax
price by crediting such amount on any debts of Borrower owing to or insured by the Government, in the order prescribed
above.