NOTICE TO GRANTOR /TRUSTOR. THE NOTE CONTAINS A VARIABLE INTEREST RATE.
<br />201408137
<br />DEED OF TRUST
<br />(Continued) Page 6
<br />interest or the enforcement of its rights shall become a part of the Indebtedness payable on demand and shall bear
<br />interest at the Note rate from the date of the expenditure until repaid. Expenses covered by this paragraph include,
<br />without limitation, however subject to any limits under applicable law, Lender's attorneys' fees and Lender's legal
<br />expenses, whether or not there is a lawsuit, including attorneys' fees and expenses for bankruptcy proceedings
<br />(including efforts to modify or vacate any automatic stay or injunction), appeals, and any anticipated post - judgment
<br />collection services, the cost of searching records, obtaining title reports (including foreclosure reports), surveyors'
<br />reports, and appraisal fees, title insurance, and fees for the Trustee, to the extent permitted by applicable law.
<br />Trustor also will pay any court costs, in addition to all other sums provided by law.
<br />Rights of Trustee. Trustee shall have all of the rights and duties of Lender as set forth in this section.
<br />POWERS AND OBLIGATIONS OF TRUSTEE. The following provisions relating to the powers and obligations of Trustee
<br />are part of this Deed of Trust:
<br />Powers of Trustee. In addition to all powers of Trustee arising as a matter of law, Trustee shall have the power to
<br />take the following actions with respect to the Property upon the written request of Lender and Trustor: (a) join in
<br />preparing and filing a map or plat of the Real Property, including the dedication of streets or other rights to the
<br />public; (b) join in granting any easement or creating any restriction on the Real Property; and (c) join in any
<br />subordination or other agreement affecting this Deed of Trust or the interest of Lender under this Deed of Trust.
<br />Trustee. Trustee shall meet all qualifications required for Trustee under applicable law. In addition to the rights
<br />and remedies set forth above, with respect to all or any part of the Property, the Trustee shall have the right to
<br />foreclose by notice and sale, and Lender shall have the right to foreclose by judicial foreclosure, in either case in
<br />accordance with and to the full extent provided by applicable law.
<br />Successor Trustee. Lender, at Lender's option, may from time to time appoint a successor Trustee to any Trustee
<br />appointed under this Deed of Trust by an instrument executed and acknowledged by Lender and recorded in the
<br />office of the recorder of Hall County, State of Nebraska. The instrument shall contain, in addition to all other
<br />matters required by state law, the names of the original Lender, Trustee, and Trustor, the book and page (or
<br />computer system reference) where this Deed of Trust is recorded, and the name and address of the successor
<br />trustee, and the instrument shall be executed and acknowledged by all the beneficiaries under this Deed of Trust or
<br />their successors in interest. The successor trustee, without conveyance of the Property, shall succeed to all the
<br />title, power, and duties conferred upon the Trustee in this Deed of Trust and by applicable law. This procedure for
<br />substitution of Trustee shall govern to the exclusion of all other provisions for substitution.
<br />NOTICES. Any notice required to be given under this Deed of Trust, including without limitation any notice of default
<br />and any notice of sale shall be given in writing, and shall be effective when actually delivered, when actually received
<br />by telefacsimile (unless otherwise required by law), when deposited with a nationally recognized overnight courier, or, if
<br />mailed, when deposited in the United States mail, as first class, certified or registered mail postage prepaid, directed to
<br />the addresses shown near the beginning of this Deed of Trust. All copies of notices of foreclosure from the holder of
<br />any lien which has priority over this Deed of Trust shall be sent to Lender's address, as shown near the beginning of
<br />this Deed of Trust. Any party may change its address for notices under this Deed of Trust by giving formal written
<br />notice to the other parties, specifying that the purpose of the notice is to change the party's address. For notice
<br />purposes, Trustor agrees to keep Lender informed at all times of Trustor's current address. Unless otherwise provided
<br />or required by law, if there is more than one Trustor, any notice given by Lender to any Trustor is deemed to be notice
<br />given to all Trustors.
<br />LENDER ADVANCES. The Lender may make advances under the Mortgage or Deed of Trust, Security Agreement or
<br />other instrument providing security for the note, to protect the Lender's interest in the Property from loss of value or
<br />damage. Any money so advanced (including reasonable costs of recovery and attorney's fees) plus interest at the
<br />default rate shall become an obligation due and owing under the terms of the note immediately upon the date advanced
<br />by Lender and is an obligation of the Borrower secured by the Mortgage or Deed of Trust, Security Agreement or other
<br />instrument providing security for the note.
<br />ACCELERATION IN THE EVENT OF SALE. In the event any or all of the real estate described in the Mortgage or Deed of
<br />Trust, Security Agreement or other instrument providing security for this note is sold, exchanged or otherwise
<br />transferred, the Lender's written consent must be obtained prior to any sale or Lender may, without notice, declare the
<br />entire unpaid balance of this note and all accrued and unpaid interest plus costs and fees due under this note
<br />immediately due and payable.
<br />ANNUAL FINANCIAL STATEMENTS. Borrower agrees to provide Lender with updated financial statements and other
<br />requested financial reports, including tax returns, not more frequently than annually and at any time when loan is
<br />delinquent or otherwise in default. The failure of Borrower to provide annual financial statements or other requested
<br />reports within a reasonable time may be declared to be a default of this note by the Lender and Lender may exercise all
<br />remedies under the provision in this note captioned "Default" or as provided elsewhere in this document.
<br />DISSEMINATION OF INFORMATION. If the Lender determines at any time to sell, transfer or assign the Note, this
<br />Security Instrument and any other security instruments, and any or all servicing rights with respect thereto, or to grant
<br />participation's therein ( "Participation's ") or issue, in a public offering or private placement, mortgage pass- through
<br />certificates or other securities evidencing a beneficial interest in the loan ( "Securities "), Lender may forward to each
<br />purchaser, transferee, assignee, servicer, participant, investor, or their respective successors in such Participation's
<br />and /or Securities ( "collectively, the "Investor "), any rating agency rating such Securities and each prospective Investor,
<br />all documents and information which Lender now has or may hereafter acquire relating to the Indebtedness and to the
<br />Borrower, any Guarantor, any lndemnitors and the Mortgaged Property, which shall have been furnished by Borrower,
<br />any Guarantor or any Indemnitors, as Lender determines necessary or desirable.
<br />CROSS DEFAULT. Grantor has heretofore executed a Certain Promissory Note dated December 29, 2014, in the
<br />original principal sum of 81,000,000.00, and a Certain Promissory Note dated December 29, 2014, in the original
<br />principal sum of 8600,000.00, and a Certain Promissory Note dated December 29, 2014, in the original principal sum
<br />of 8850,000.00 (the "Notes "), which Notes are secured by a Deed of Trust covering real estate in Hall County,
<br />Nebraska. Grantor acknowledges and agrees that any default under the terms, conditions and provisions of the Notes
<br />shall also constitute and be a default under this Deed of Trust and the Notes secured hereby. Likewise, any default
<br />under the terms, conditions and provisions of this Deed of Trust and the Notes secured hereby shall also constitute and
<br />be a default under the Notes.
<br />MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Deed of Trust:
<br />Amendments. This Deed of Trust, together with any Related Documents, constitutes the entire understanding and
<br />agreement of the parties as to the matters set forth in this Deed of Trust. No alteration of or amendment to this
<br />Deed of Trust shall be effective unless given in writing and signed by the party or parties sought to be charged or
<br />bound by the alteration or amendment.
<br />Annual Reports. If the Property is used for purposes other than Trustor's residence, Trustor shall furnish to
<br />Lender, upon request, a certified statement of net operating income received from the Property during Trustor's
<br />previous fiscal year in such form and detail as Lender shall require. "Net operating income" shall mean all cash
<br />
|