Conditions of Loan

Every borrower who is granted a loan under § 60301 shall comply with the following conditions: COL1/11/2022 CH. 60 DEPARTMENT OF AGRICULTURE

(a)Expend no portion of his loan for purposes other than those sanctioned by the Department of Agriculture.

(b)Carry out recommended farm management practices, including the keeping of proper records.

(c)Not sell or otherwise dispose of the mortgaged property except on written consent of the lender and upon written conditions as may be prescribed by the lender.

(d)Undertake to pay, when due, all taxes, liens, judgments, or assessments which may be lawfully assessed against the property mortgaged, together with costs and expenses of any foreclosure of such mortgage.