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201502063
<br /> hereby, Trustor(s)do hereby agree to be personally bound to pay the unpaid balance, and Beneficiary
<br /> will be entikled to a deficiencyjudgment.
<br /> 8. Should Beneficiary elect to exercise the Power af Sale granted herein, Beneficiary will notify
<br /> Trustee who will recard, publish, and deliver to Trustor{s) such Notice of Default and Notice of Sale as
<br /> then required by law and will in the manner pravided by law, sell the properky at the time and place of
<br /> sale fixed in the Notice af Sale, either as a whole or in separate lats, parcels, or items and in such
<br /> arder as Trustee will deem expedient. Any person may bid at the sale including Trustor(s), Trustee,or
<br /> Beneficiary.
<br /> 9. Trustor(s) hereby requests a copy af any Notice of Default or Notice of Sale hereunder to be
<br /> mailed by certified mail to Trustor(s)at the address(es}set forth herein.
<br /> 10. Upon default, Beneficiary, either in person or by agent, with or withaut bringing eny action or
<br /> proceeding and with or without regard to the value of the property or the sufficiency thereof to
<br /> discharge the indebtedness secured hereby, is authorized and entitled to enter upon and take
<br /> passession of the property in its own name or in the name of the Truskee and do any acts or expend
<br /> any sums it deems necessary or desirable to protect or preserve the value of the properky or any
<br /> interest therein, or increase the income therefrom; and with or without taking possession af the
<br /> property is authorized to sue for or akherwise callect the rents, issues, craps, profits, and income
<br /> thereof, including thase past due and unpaid, and apply the same upon any indebtedness secured
<br /> hereby or in the loan agreement(s).
<br /> No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive of
<br /> any other remedy herein or by law provided ar permitted, but each will be cumulative, will be in
<br /> addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by
<br /> statute, and may be exercised concurrently, independently or successively.
<br /> 11. Trustor(s) acknowledges that the duties and obligations of Trustee will be determined solely by
<br /> the express provisians af this Trust Deed or the Nebraska Trust Deeds Act and Trustee will nat be
<br /> liable except for the psrformance af such duties and obligatians as are specifically set forkh therein,
<br /> and no implied covenants or obligations will be imposed upon Truskee; Trustee will not be liable for
<br /> any action by it in good faith and reasonably believed by it to be authorized or within the discretion or
<br /> rights of powers conferred upon it by this Trust Deed or state law.
<br /> 12. The integrity and responsibility of Trustor(s) constitutes a part of the cansideration for the
<br /> obligations secured hereby. Should Trustor{s) sell, transfer, or canvey the property described herein,
<br /> without prior written consent of Beneficiary, Beneficiery, at its option, may declare the entire
<br /> indebtedness immediately due and payable and may proceed in the enforcement of its rights as on
<br /> any 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 ar regulations, and has legal authority in such states to conduct Trustor(s) business
<br /> operations and to own agricultural real estate. Na change has been made in the name, awnership,
<br /> cantrol, 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), ar anyone signing this Trust Deed, is a limited liability company, that those
<br /> signing on behalf of said lirnited liability company canstitute a majority af the managers ar members
<br /> thereaf, and that the execution af this Trust Deed is in the ordinary caurse af the limited liability
<br /> company's business and has been authorized by its members.
<br /> 15. Assignment of Rents including Proceeds af Mineral Leases. Trustor{s) hereby assigns, transfers,
<br /> and conveys to Beneficiary all rents, rayalties, banuses, and delay moneys or okher proceeds that may
<br /> from time to time become due and payable under any rsal estake 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 park 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 /> aver and deliver to Truskar(s) ar their successors in interest, any or all of such sums withaut prejudice
<br /> to any of Beneficiary's rights to take and retain future sums, and without prejudice to any of its other
<br /> rights under this Trust Deed. This assignment will be canstrued ta be a pravision for the payment or
<br /> reduction af the debt, subject to the Beneficiary's aptian as hereinbefore pravided, independent of the
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