The borrower must:

1. (a) Comply with all provisions of the loan agreements;

   1. (1) Non-compliance with the provisions of loan agreements and documents, other than failure to meet scheduled loan repayment installments contained in the promissory note, constitutes non-monetary default on FLP loans by the borrower;
   2. (2) Borrower non-compliance will be considered by the Agency when making eligibility determinations for future requests for assistance and may adversely impact such requests;
2. (b) Maintain, protect, and account for all security;

3. (c) Pay the following, unless State law requires the Agency to pay:

   1. (1) Fees for executing, filing or recording financing statements, continuation statements or other security instruments; and
   2. (2) The cost of lien search reports;
4. (d) Pay taxes on property securing FLP loans when they become due;
5. (e) Maintain insurance coverage in an amount specified by the Agency;
6. (f) Protect the interests of the Agency when a third party brings suit or takes other action that could affect Agency security.