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<br />12. The integrity and responsibility of Trustor(s) constitutes a part of the consideration for the
<br />obligations secured hereby. Should Trustor(s) sell, transfer, or convey the property described herein,
<br />without prior written consent of Beneficiary, Beneficiary, at its option, may declare the entire
<br />indebtedness immediately due and payable and may proceed in the enforcement of its rights as on any
<br />other default.
<br />13. That Trustor(s) is, and shall continue to be, duly organized, validly existing and legally qualified to
<br />do business under the laws of the states in which Trustor(s) operates, in compliance with federal, state
<br />and local laws or regulations, and has legal authority in such states to conduct Trustor(s) business
<br />operations and to own agricultural real estate. No change has been made in the name, ownership,
<br />control, relationship, legal status or organizational and formation documents of any undersigned
<br />Trustor(s) since the time any such information was last provided to Beneficiary.
<br />14. That if Trustor(s), or anyone signing this Trust Deed, is a limited liability company, that those
<br />signing on behalf of said limited liability company constitute a majority of the managers or members
<br />thereof, and that the execution of this Trust Deed is in the ordinary course of the limited liability
<br />company's business and has been authorized by its members.
<br />15. Assignment of Rents including Proceeds of Mineral Leases. Trustor(s) hereby assigns, transfers,
<br />and conveys to Beneficiary all rents, royalties, bonuses, and delay moneys or other proceeds that may
<br />from time to time become due and payable under any real estate lease or under any oil, gas, gravel,
<br />rock, or other mineral lease of any kind including geothermal resources now existing or that may
<br />hereafter come into existence, covering the property or any part thereof. All such sums so received by
<br />Beneficiary will be applied to the indebtedness secured hereby; or Beneficiary, at its option, may turn
<br />over and deliver to Trustor(s) or their successors in interest, any or all of such sums without prejudice to
<br />any of Beneficiary's rights to take and retain future sums, and without prejudice to any of its other rights
<br />under this Trust Deed. This assignment will be construed to be a provision for the payment or reduction
<br />of the debt, subject to the Beneficiary's option as hereinbefore provided, independent of the lien on the
<br />property. Upon payment in full of the debt and the reconveyance of this Trust Deed of record, this
<br />assignment will become inop- ..tive and of no further force and effect.
<br />16. This Trust Deed cons u • s a Security Agreement with respect to all the property described herein.
<br />17. The covenants con -fined in this Trust Deed will be deemed to be severable; in the event that any
<br />portion o rust D • : •, ° determined to be void or unenforceable, that determination will not affect
<br />the v- : ity of th= re , i • portions of the Trust Deed.
<br />STATE OF
<br />Nebraska
<br />)ss
<br />COUNTY OF Hall
<br />On this 6th day of March, 2013
<br />Duane I Skrdlant, A/K/A Duane Skrdlant, single
<br />to me known to be the person(s) named in and who executed the foregoing instrument, and
<br />acknowledged that he executed the same as his voluntary act and deed.
<br />(SEAL)
<br />GENERAL NOTARY - State of Nebraska
<br />SARAH B. OUANDT
<br />My Comm. Exp. Feb. 7, 2015
<br />My commission expires 2 -7 -2015
<br />INDIVIDUAL BORROWER ACKNOWLEDGMENT
<br />before me, a Notary Public, personally appeared
<br />oP
<br />Sarah B Quandt
<br />(Type name under signature)
<br />Notary Public in and for said County and State
<br />App #: 5183115; CIF #: 65063; Note #: 203 220SQ Legal Doc. Date: March 6, 2013
<br />FORM 5011, Trust Deed and Assignment of Rents Page 4
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