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E. Acljust its bperating costs and ~er~4ce charges from time to time to provide for adequate operation and maintenance. ~th~ its judsdlcdon. G. Provide G~ntor ~4th such periodic reports ~ it may requi~e and permit periodic inspection of ~ts operations by a representative of the Granior. H. To execute Form FmHA 400-1, "Equal Opportunity Agreement," and [o execute Form FmHA 400-4~ "Nond~* ~ination A~eemen~," and ~o execute any other a~eements required by Grantor which Grantee is legally authorized to execute. If any such (orm h~ been executed by Grantee as a result of a loan being made to Grantee by Grantor contempo- raneously with the m~ing of tMs ~ant, another form of the same type need not be executed in connection with th~ ~ant. L Upon any default under irs representations or aDeements set forth in th~ instrumedt, Gr~n(efi', ~ [1~ 6pdon ~nd demand of Grantor, wilt repay to Grantor forthwith the ofi~nal principal amonnt of the ~ant stated hereinabove, ~th ~he ~terest at the ~ate of 5 percentum pet annum from the date of the default. Default by the Grantee will constitute termination of the g~ant thereby causing cancellation of Federal ~sistance under the ~an[. The provisions of this Gran~ ADeement may be enforced by Grantor, at its option and ~thout regard to pdov waivers by it of pre~ous defaults of Grantee, by judicial proceedings to require specific perfomxance of the terms of tiffs Grant A~eement or by such other proceedhgs in law or equky, ~ ekher Federal or State courts, as may be deemed necessa~ hy Grantor to assure compliance ~th the pro'inns of th~ Grant A~eement and the laws and eeDdatlons under which tiffs ~ant is made. J. Return ~mediately to Grantor, as required by the repletions of Grantor, any Fant funds actually advanced and not needed by Grantee for approved purposes. K. Use the real property inctud~g land, land hnprovemen~s, structures, and appurtenances thereto, for authorized purposes of the ~ant as long as needed. 1. Title to real p~oper~ shill vest in the recipient subject w the condition that the Grantee shall use the real property for the authorized purpose of the od~nal ~ant as lm~g as needed. 2. The Grantee shM[ obta~ approv~ by the.Grantor agency for the use of the real property in other projects when the Grantee determines that the property is no longer needed for tbe origbml ~ant purposes. Use in other projects shall be l~ited to those under other Feder~ grant programs or programs that have purposes consistent ~th those authorized for support by the Gr~tor. 3. When the re~ proper~y ~ no longer needed as provided in 1 ~d 2 above, the Grantee sha~ request disposition ~structions from the G~tor agency or its successor Federal agency. The Grantor agency sh~l observe the following rules in the disposition instn~ctions: (al The Grantee m~y be petmirted [o retain title after it compensates the FederM Government bt an am,Junt computed by apply~g the Federal percentage of participation in the cost of the original project to the fair market v~ue of the properW. (b) The Grantee may be directed to sell the property under guidelines provided by the Grantor agency and pay the Federal Government an amount computed by applying the Federal percentage of participation in fl~e cost of the oHgin~ project to the proceeds from sine (after deducting actual and reasonable selbng and f~x-up expenses, ff any, from the s~es proceeds). When the Grantee ~ authorized or required to sell the properS, ~roper sales procedures shall be established that provide for competition to the extent practicable and result in the highest po~slble return. (c) The G~antee may be directed to transfer title to the property to the Federal Government provided that in such cases the Grates shall be entitled to compensation compu~edby applying the Grantee's percentage of participa- tion in the cost of the progr~ or project to the current feir market value of the property. Ttds Grant Agreement covers the followfng desc~bed real property (use contlnm~tion sheets ~ necessary). ~1 ~m~enta, rights-or.ay, property obta~ed In fee s~aple title or by lease tn eo~ect~on ~th thim ~ater sy~. L. Abide by the following conditions pertaining to nonexpendable personal property which is furnished by the Grantor or acquired wholly or in part with grant funds. Nonexpendable personal property means tangible personM property having a t~seful l~fe of mote than one year and an acqtfishlon cost of S300 or more per unit. A Gramee may use its o~vn definition of nonexpendable personal property provided that such definition would at least include all tangible'personal property as defined abo~'e. 1. Use of nonexpendable property. (al The Grantee shall use the property in the project for Which it was acquired as long as needed. When no longer needed for the original project, the Grantee shall use the property in connection with its other Federally sponsored activities, if any, in the following order of priority: !