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2� 1 ���798
<br /> permits are in goad standing, and Trustor is in cvmpliance with a11 materia[�erms and �ondi�ivns of such
<br /> �nvironmen�al permi�ts; neith�r Trustor nor any of its present Prvp�rty vr aperations is subject to any
<br /> vuts�anding written order from vr agreemen�with any go�ernmen�al auth�ri�y or subject to any judicial
<br /> or docketed administrafi�e praceeding, respec�ing any en�iranmental law, enviranmentai claim or
<br /> ha�ardous ma�erla[; there are n� haza�dous mafier�a�s ar Qther candi�i�ns or�ircums�ances ex�s�ing, or
<br /> arising from aperati�ns prior�o �he date a��his trust deed, with respec�to any Property of Trus�or thafi
<br /> would reasonably be expected to give rise to material enWi�onmenta� claims. �n additlon, Trus�or shal�
<br /> hold Lender harmiess fram any Iiability �or environmental waste or contamina�ron on any Property
<br /> own�d �r operated by Trus�or or liabili�y impvsed as a cons�qu�nce by reason o� Trus��r's ac�iv�ties
<br /> and �nrill defend and indemnify Lende� against all cla�ms, lasses, liablli�ies, and ex�enses incurred by
<br /> Lender as a resuit fihere�f. This co�enant�vill survi�e canC�lla�ian, expiration or terminatian of this trus�
<br /> deed.
<br /> 6. Each of�he foliowing sha11 consti�ute an e�ent of de�ault:
<br /> a. Failure �o make any payment when due under any Loan Documen�ar�fher�bligatlan secu�-ed by
<br /> fh is trus�d eed.
<br /> b. Failure to pay any liens, judgments, assessments, taxes, rents, fees, or charg�s a�- maintain any
<br /> insuranc� an �h� Property, buiIdings, fixtures, at�achments, or impro�ements as pro�ided in �h�s tru�t
<br /> deed, or in any❑fher Lvan Document.
<br /> c. Any breaCh or material m�srepresenta�ion of any te�m, agreemen�, coWenan�, candi��on,
<br /> certifica�ion, represen�ation or warran�y as pravided in this frust deed, or any ather Loan Documenf.
<br /> d. SaIe, transf�r, or cvnveyance of the Prvperty desc�i�ed herein wlthout prior writ�en consen� af
<br /> Lender.
<br /> e. Any use of I�an p�aceeds for a purpose that wlll �ontribute to excessive erosi�n vf high�y erodib��
<br /> land or to the conversion of wetlands to produce ❑r�o mak� possible �he praduc�ion of an agricu�turaI
<br /> commodity, as further explalned in 7�FR Part 'I94�, Suhpart�, Exhibit M.
<br /> f.The �eath, dissalution or insol�ency af�ny Trustor; the appoin�ment vf a recel�er for any Trus�or or
<br /> fiheir Property; any ass��nment for the benefit af creditors by �he Trustor; or applicati�n vf any deb�or
<br /> relief law to Trus�ar, including any fype af warkau� or cvmrnencement of p�oceeding under any
<br /> bank�up�cy or insoivency Iaws by or against any Trustar or Bvrrower on any Lvan Dacument or other
<br /> �bligat�on secured by�h�s�rus�d��d.
<br /> g. Any of the pre�eding events accurs wl�h respec� to any guarantor, end�rser, surety, ar
<br /> accommoda�ian party vf any of the �bligations or any guarantvr, endarser, surety, or accammodation
<br /> party dies ar becomes incompe�ent, or revakes or dispu�es the vaiidity o�, or liab�li�y under, any
<br /> guaranty af�he �b[igat�ans.
<br /> 7. ln fhe event af a default and a�any�im�thereafter, Lender, at i�s optian, subjec��o any requirements
<br /> under the Farm Credi� Act or �ther applicable federa[ �r sta�e [aw, may �xercise �ne ❑r mare of�he
<br /> follawrn� righ�s and remedies, in addi�ian to any o�her rights or remedies permi�ed b��aw:
<br /> a. Declare al� �bliga�ions secured hereby to be immediateEy due and payable and �he vtirho[e will bear
<br /> �nteres�a�th�defaulf rate as pro�ided in th� Loan Documents.
<br /> b, Lender may immedlately autharize Trustee to exercis� fhe power �f sale granted herein in the
<br /> manner pr��ided �n fhe Nebraska Trus� Deeds Ac�, �r, a��h� opfion �f the Lender, may farec[ose�he
<br /> �rust de�d in �he manner provided by law far the f�r�clvsure vf martgages on real prvperty, inciud�ng
<br /> #h� appainfinent vf a recei�er upvn ex parte applica�tivn, notice being hereby �xpressly v+raiv�d,
<br /> withvu# regard ta �he value of �he property or �he sufficiency fhe�e�f tv discharge the indeb�edness
<br /> secured her�by or in�he Loan DoGumen�s.
<br /> ShouId L�nder e[ect to e�cerc[se the p�wer of sale granfed herein, Lender wilI natify Trus�ee who w�i!
<br /> rec�r�, publish, and d�I�ver ta Trustor�s} such Notice of Default and N�tice �f Sa[e as �hen required
<br /> by law and will in the manner provid�d by law, sell the property at th�time and place of sa[�fi�ed in
<br /> th� no�ice of sale, ei#h�r as a wh��e or in separa�e iats, parce[s, or i�ems and in such order as Trustee
<br /> will deem expedient. Any person may bid at the sale inc[uding Trus�or, Trustee, or Lender.
<br /> c. Lender, either in person or�y agent, with �r withaut bringing any ac�ion or proceeding and v�ith ar
<br /> wrthou� regard t� the value of �h� Property or the sufFiciency th�reof to discharge the �b[Iga�ians
<br /> seGured hereby, is authorized and entitl�d to en�er upan and take passession o� �he Pr�p�rty in its
<br /> own name or in the name of the Trustee and do any ac�s or expend any sums i�deems necessary or
<br /> des��able to protect or pres�rve �he value of �he Prop�rty or any 'rnteres� �herein, or inc�ease �he
<br /> incame �herefrom; and with or withau� �ak�ng p�ssession of the Praperty is authvrized �o sue for �r
<br /> ofh�n�vise co�lec� the renfs, issues, crops, profi�s, and income thereof, inciuding those past due and
<br /> unpaid, and apply�h�sam� upon any �biigations s�cured hereby or in the Loan Documents.
<br /> App#:536���6; CIF#:�36�95; No�e#:3��42�� �2�K5 Lega[Doc.Date:February 1,2��6
<br /> F�RN[5�'1'[,Trus�Deed and Assignm�nf of Renfs Page 5 of S
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