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E. Adjust its operating costs and service charges from time to time to provide for adequate operation and maintenance, emergency repair reserves, obsolescence reserves, debt service and debt service reserves. F. Expand its system from time to time to meet reasonably anticipated growth or service requirements in the area within its jurisdiction. G. Provide Grantor with such periodic reports as it may require and permit periodic inspection of its operations by a representative of the Grantor. H' To execute Form FmHA 400-1, "Equal Opportunity Agreement," and to execute Form FmHA 400-4, "Nondis- crimination Agreement," and to execute any Cher agreements required by Grantor which Grantee is legally authorized to execute. If an such form 'has been executed 6 Grantee as a result of a loan being made to Gi-ntee by Grantor contempo- raneously with the making of this grant, another form of the same type need not be executed in connection with this grant. 1. Upon any default under its representations or agreements set forth in this 'nstrument, Grantee, at the option and demand of Grantor, will repay to Grantor forthwith the original principal amount of the grant stated hereinabove, with the interest at the rate of 5 ercentum per annum frdln the date of the default. Default by the Grantee will constitute termination of the grant thereby causing cancellation of Federal assistance under the grant. The provisions of this Grant Agreement may be enforced by Grantor, at its option and without regard to prior waivers by it of previous defaults of Grantee, by judicial proceedings to require specific performance of the terms of this Grant Agreement or by such other proceedings in law or equity, in either Federal or State courts, as may be deemed necessary by Grantor to assure compliance with the provisions of this Grant Agreement and the laws and regulations tinder which this grant is made. J. Return immediately to Grantor, as required by the regulations of Grantor, any grant funds actually advanced and not needed by Grantee for approved purposes. K. Use the real property including land, land improvements, structures, and appurtenances thereto, for authorized purposes of the grant as long as needed. 1. Title to real property shall vest in the recipient subject to the condition that the Grantee shall use the real property for the authorized purpose of the original grant as long as needed. 2. The Grantee shall obtain approval 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 the original grant purposes. Use in other projects shall be limited to those under other Federal grant programs or programs that have purposes consistent with those authorized for support by the Grantor. 3. When the real property is no longer needed as provided in 1 and 2 above, the Grantee shall request disposition instructions from the Grantor agency or its successor Federal agency. The Grantor agency shall observe the following rules in the disposition instructions: (a) The Grantee may be permitted to retain title after it compensates the Federal Government in an amount computed by applying the Federal percentage of participation in the cost of the original project to the fair market value of the property. (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 the cost of the original project to the proceeds from sale (after deducting actual and reasonable selling and fix -up expenses, if any, from the sales proceeds). When the Grantee is authorized or required to sell the property, proper sales procedures shall be established that provide for competition to the extent practicable and result in the highest possible return. (c) The Grantee may be directed to transfer title to the -property to the Federal GoverRment provided that in such cases the Grantee shall be entitled to compensation computed by applying the Grantee's percentage of participa• tion in the cost of the program or project to the current fair market value of the property. This Grant Agreement covers the following described real property (use continuation sheets as necessary). L. Abide by the following conditions pertaining to nortexpendable personal property which is furnished by the Grantor or acquired wholly or in part with grant funds. Nonexpendable personal property means tangible personal property having a useful life of more than one year and an acquisition cost of 5300 or more per unit. A Grantee may use its own definition of nonexpendable personal property provided that such definition would at least include all tangible personal property as defined above. 1. Use of nonexpendable property. (a) The Grantee shall use the property in the project for which it was acquired as long as needed. When no Ionger 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: