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<br /> �ue and unpaid, and apply the same upan any indehtedness S�cur�d her�by or �n the loan
<br /> ag reemenf�s}.
<br /> Na remedy here�n cvnferred upon or re�erv�d ta Trus��e or BenefiGiary is intend�� to be e�cc�usive of
<br /> any o�her remedy herein ❑r by law pr�ovided or perrnitt�d, but each will be cumulative, �nrilf be �n addition
<br /> tv e�ery other r�medy given her�und�r or now vr h�re�fter e�cis�ing a� [�w or in equifiy ar by sta�u�e, and
<br /> may be exercised c�nGurrently, independently or suc�es�ively.
<br /> 'I'I, Trustor�s} a�kno�v[�dges th�t the duties and vbliga�«ns af Trus�ee wi�[ b� determ�ned �v2�iy by th�
<br /> ex�ress �rvvis�ans of th�s Yrus� Deed or the Nebraska Trust De�d� Act and Trustee wifl n�t be lia�l�
<br /> exc�pt f�r the p�rforman�� of such duti�s and vbligatians a� ar� Speci�ca[ly set forth fherein, and n�
<br /> implied co�enan�s or vb��g�tions wilf �� imposed up�n Tru�tee; Trus�ee will no� be lia�le for any acfion
<br /> by i� in �avd fa�th and re�sonabIy belie��d by it t� b� �u�horized v� within the discr�fl�n ar r�ghts of
<br /> ��wer� canferred u pon it by th[s Trust G�eed Qr state i�w.
<br /> '[�. The integrity �nd responsibili�y �f Trustor�s} �vnsti�utes a p�rt �f the cons�deratian for �he
<br /> ob[iga���ns s�cured here�y. 5hau[d Tru��or�s} se1�, �r�nsf�r, or c�nvey the praperty desGribed hereir�,
<br /> �vithout priv� writ��n cansent af Benefi�iary, Ben�ficiary, at ��s op�ivn, may dec�ar�e the ent�re
<br /> indebtedne�s imm�diately due and payable and may proceed in th� enfarcem�nt v�its rights as on any
<br /> ather defau��.
<br /> '[3. That Trust�r�s} i�, �nd shall continu� tv be, duly organized, �a[idly �xis�ing an�1 I�g�lly qualif��d to
<br /> do business under fihe laws vf the sf�t�� in whiGh Trus�or�s} aperates, in c�mplianc�with f���ral, sta�e
<br /> and l�ca1 laws ar r�gulatians, and has legal author�ty ir� such sfa�es ta conduc� Trustor�s} business
<br /> aperatians and to awn a�riculturai �eal �sfate. N� chang� has be�n mad� in the name, o�+vnershap,
<br /> cantr�l, r�l�ti�n�hip, I�gai statu� ar organi�ational and forma��on dacuments of any undersi�n�d
<br /> Trus�or�s} since the�ime any such infarm�tion was last prvvided to Beneficiary.
<br /> 74. Th�t �f Trus�or�s}, or �nyon� signing #his Trust D��d, is a lim�t�d lialai�[�y c�mpany, that �hQ�e
<br /> signing an behalf of said [�mit�d liability cvmpany constitute a majar[ty of the managers or members
<br /> th�reaf, and that the e�cecutian af this Trust Deed i� in the ardinary cvurse of the limited [�ability
<br /> company's �usin�ss and has b�en authari�ed by its memb�rs.
<br /> 'I�. A�signm�nt of Rents in�luding Proceeds of Minera� Leases. Trustor�s} h�reby ass�gns, transf�rs,
<br /> and canveys to Beneficiary ail rents, ray�[ties, bonus�s, �nd delay r�t�oneys or�th�r proce��ls that m�y
<br /> fr�m fime to t�me become du� and p�ya�l� under any r�al �stat� [e�se vr under any oi[, gas, gra��l,
<br /> r�ck, or o�her miner�i l�ase of any kind �ncluding g�athermal resources naw existin� or that may
<br /> her�after come �nto ���stence, Go��ring �he property or any part�her�of. All suGh sums so reGeived by
<br /> Bene�ic�ary will be app[i�d to the indeb�edness se�ur�d her�by; ar Bene�iciary, at i�s optia�n, may turn
<br /> ove�and de�i�er tv Trustor�s} or the�r�ucces�ors in int�r�st, any or all of su�h sums withaut pre�udice tv
<br /> any of Beneti�iary's righ�s�Q take and refi�in future sums, and withvut pre�ud�ce tv any of its ather righ�s
<br /> under fhis Tr�s� Deed. Thi� assignmen�will b�cvns�rued�v b�a pr��isinn for th� payment or redu��ian
<br /> af the deb�, subj�ct to th� Beneficiary'� op��on a� h�reinbefa�re prvWided, independ�nt af�he lien an the
<br /> praper�y. Upon paymen� in fu[[ of the debt and the reconveyance of �his Trus� Deed �f record, this
<br /> assrgnmen�will b�com� in�perative and of nv further force and effec�.
<br /> 'I s. This Trust D��d consfitutes a Security A�reement wi�h respect to all�he property d�s�r�bed herein.
<br /> 'I�. The covenants �on�ained in �his Trusfi ❑�ed v,rEl) be d�emed to be severabl�; in fhe event that �ny
<br /> p�rtian o��his Trust Deed i� determined fio be ��id or un�nfflrc�ab[e, that �eterminafi�on will not affect
<br /> �he validity vf the rem�ining p�rtions af�he Trusfi D��d.
<br /> B�nsa Land Comp , LC, A Limit�d Liabrlity Company
<br /> By �y
<br /> D�rrn�s B�nsack, lVlerr�ber and I��n�ger asorr Bans�ck, e er ar�c��Ilanager
<br /> App#:53D5�5�; �1F#:3826�3; Nate#:�01 2�UKS Legal Dac.Date;April�,���5
<br /> FQRM 50�1,TruSt D�ed and Assignment of Rents Page 4 a�F 5
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