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201204305 <br />the Property for the 2012 crop year and will, in addition, be entitled to receive any <br />U.S.D.A. farm payments which are received in 2012 for the Property. <br />FOURTH: If there shall be filed by or against the Trustor any petition or <br />proceeding seeking any arrangement or composition or extension of any other relief <br />under or, pursuant to the Federal Bankruptcy Code or any other similar statute as is <br />now or hereafter in effect, or if the Trustor shall be adjudicated bankrupt or insolvent <br />or any of Trustor's property shall have been sequestered and such decree shall have <br />continued undischarged and unstayed for ninety (90) days after the entry thereof, <br />then the whole of the Note and indebtedness hereby secured shall, without notice, at <br />the option of the Beneficiary become due and payable. <br />FIFTH: Upon default by Trustor in the payment of or performance of <br />the terms and conditions of the Note, or any renewals, modifications or executions <br />thereof, the payment of any other indebtedness secured hereby or in the <br />performance of any agreement, covenant or warranty herein contained or set forth in <br />any agreement or instrument executed by Trustor in connection with the <br />indebtedness hereby secured, Beneficiary may declare all sums secured hereby <br />immediately due and payable and the same shall thereupon become and payable <br />without presentment demand, protest or notice of any kind. Thereafter, Beneficiary <br />may deliver to Trustee a written declaration of default and demand for sale. Trustee <br />shall have the power of sale of the Property and if Beneficiary decides the Property is <br />to be sold, it shall deposit with Trustee this Deed of Trust and the Note or notes of <br />any other documents evidencing expenditures secured hereby and shall deliver to <br />Trustee a written notice of default and election to cause the Property to be sold, and <br />Trustee, in turn, shall prepare a similar notice in the form required by law, which <br />shall be duly filed for record by Trustee. <br />(a) After the lapse of such time as may be required by law following the <br />recordation of Notice of Default, and Notice of Default and Notice of Sale having been <br />given as required by law, Trustee, without demand on Trustor, shall sell the Property <br />hereinbefore described, and any and every part thereof, in separate parcels or en <br />masse as the Trustee may elect and in such order as Trustee may determine on the <br />date and at the time and place designated in said Notice of Sale, at public auction to <br />the highest bidder, the purchase price payable in cash in lawful money of the United <br />States at the time of sale. The person conducting the sale may, for any cause he or <br />she deems expedient, postpone the sale from time to time until it shall be completed <br />and, in every such case, notice of postponement shall be given by public declaration <br />thereof by such person at the time and place last appointed for the sale, provided, if <br />the sale is postponed for longer than one (1) day beyond the day designated in the <br />