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K M (K) Maintenance of System. The Issuer will complete the acquisition and construction of the Project in an economical and efficient manner with all practicable dispatch, and thereafter will maintain the System in good condition and con- tinuously operate the same in an efficient manner at a reasonable cost. (L) No Free Services. The Issuer will not render or cause to be rendered any free services of any nature by its System, nor will any preferential rates be established for users of the same class; and if the Issuer shall avail itself of the facilities or services provided by the System, or any part thereof, then the same rates, fees or charges -applicable to other customers receiving like service under similar circumstances shall be charged to the Issuer. Such charges shall be paid as they accrue, and the Issuer shall transfer from its general funds sufficient sums to pay such charges. The revenues so received shall be deemed to be revenues derived from the operation of the System, and shall be deposited and accounted for in the same manner as other revenues derived from such operation of the System. (M) Failure of User to Pay for Services. Upon failure of any user of any product, services or facilities of the System to pay for the same within sixty (60) days after the Issuer shall have billed such user therefor, the Issuer shall shut off the connection of such user and shall not furnish him or permit him to receive from the System further service until all obligations owed by him to the Issuer on account of services, including disconnection and reconnection charges, shall have -been paid in full. This covenant shall not, however, prevent the Issuer from causing any System connection to be shut off sooner. (N) Enforcement of Collections. The Issuer will dili- gently enforce and collect the rates, fees, rentals and other charges for the services and facilities of the System; and will take all steps, actions and proceedings for the enforcement and collection of such rates, fees, rentals and other charges as shall become delinquent to the full extent permitted or authorized by law; and will maintain accurate records with respect thereto. All such fees, rates, rentals, charges and revenues herein pledged shall, as collected, be held in trust to be applied as provided in this Instrument and not otherwise. (0) Compliance with Laws and Regulations. The Issuer covenants and agrees to perform and comply with, in every respect, the loan and grant agreements which it might have with the Government or with any other governmental agency, and all applicable federal and state laws and regulations. JUN 2 51900 ME Ban - - 43 mft' 946..