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<br /> it in good faith and reasonably believed by it to be authorized or within the discretion or rights of powers
<br /> conferred upon it by this Trust Deed or state law.
<br /> 12. The integrity and responsibility of Trustor(s) constitutes a part of the consideration for the obligations
<br /> secured hereby. Should Trustor(s) sell, transfer, or convey the property described herein, without prior
<br /> written consent of Beneficiary, Beneficiary, at its option, may declare the entire indebtedness immediately
<br /> due and payable and may proceed in the enforcement of its rights as on any other default.
<br /> 13. That Trustor(s) is, and shall continue to be, duly organized, validly existing and legally qualified to do
<br /> business under the laws of the states in which Trustor(s) operates, in compliance with federal, state and
<br /> local laws or regulations, and has legal authority in such states to conduct Trustor(s) business operations
<br /> and to own agricultural real estate. No change has been made in the name, ownership, control,
<br /> relationship, legal status or organizational and formation documents of any undersigned Trustor(s) since,
<br /> 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 signing
<br /> on behalf of said limited liability company constitute a majority of the managers or members thereof, and
<br /> that the execution of this Trust Deed is in the ordinary course of the limited liability company's business
<br /> 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, rock,
<br /> or other mineral lease of any kind including geothermal resources now existing or that may hereafter
<br /> come into existence, covering the property or any part thereof. All such sums so received by Beneficiary
<br /> will be applied to the indebtedness secured hereby; or Beneficiary, at its option, may turn over and deliver
<br /> to Trustor(s) or their successors in interest, any or all of such sums without prejudice to any of
<br /> Beneficiary's rights to take and retain future sums, and without prejudice to any of its other rights under
<br /> this Trust Deed. This assignment will be construed to be a provision for the payment or reduction of the
<br /> debt, subject to the Beneficiary's option as hereinbefore provided, independent of the lien on the property.
<br /> Upon payment in full of the debt and the reconveyance of this Trust Deed of record, this assignment will
<br /> become inoperative and of no further force and effect.
<br /> 16. This Trust Deed constitutes a Security Agreement with respect to all the property described herein.
<br /> 17. The covenants contained in this Trust Deed will be deemed to be severable; in the event that any
<br /> portion of this Trust Deed is determined to be void or unenforceable, that determination will not affect the
<br /> validity of th- -maining portions of the Trust Deed.
<br /> i y
<br /> 1;/-
<br /> y- A Kohlhof L/
<br /> STATE OF NE )
<br /> ) ss
<br /> COUNTY OF Hall
<br /> On this Ninth day of October, 2014 before me, a Notary Public, personally appeared KEN A
<br /> KOHLHOF AKA KEN KOHLHOF, SINGLE MAN to me known to be the person(s) named in and
<br /> who executed the foregoing instrument, and acknowledged that he executed the same as his
<br /> voluntary act and deed.
<br /> (SEAL) GENERAL NOTARY-Stale of Nebraska
<br /> KIMBERLY D.DUGAN •09K1)2...---7.--, •
<br /> • My Comm.Exp.Aup.28,2017 —"
<br /> My commission expires ith,a a?$, 'oil . Notary Public in and for said County and State
<br />
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