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200102453
<br />Agreement of even date herewith, covering all irrigation equipment, all corrals, fencing,
<br />windmills, livestock watering systems and livestock tanks, feed bunks, gates, panels, livestock
<br />chutes, and all improvements, fixtures and appurtenances as described in said Financing
<br />Statement and Security Agreement.
<br />Beneficiary shall have the right, power and authority during the continuance of this Deed of Trust to
<br />collect the rents, issues and profits of the property and of any personal property located thereon with
<br />or without taking possession of the property affected hereby, and Trustor hereby absolutely and
<br />unconditionally assigns all such rents, issues and profits to Beneficiary. Beneficiary, however,
<br />hereby consents to Trustor's, collection and retention of such rents, issues and profits as they accrue
<br />and become payable, so long as Trustor is not, at such time, in default with respect to payment of
<br />any indebtedness secured hereby, or in the performance of any agreement hereunder. If any event
<br />of default described hereafter in respect to this Deed of Trust shall have occurred and be continuing,
<br />Beneficiary, as a matter of right and without notice to Trustor or anyone claiming under Trustor,
<br />and without regard to the value of the trust estate or the interest of the Trustor therein, shall have the
<br />right to apply to any court having jurisdiction to appoint a receiver of the property. It is further
<br />agreed that in case of default in the payment of the said principal Deed of Trust Note or interest, or
<br />any part thereof, as it shall mature, or in the case of failure to keep or perform any of the covenants
<br />or agreements contained in this Deed of Trust, then the Beneficiary, its successors or assigns, shall
<br />be and is hereby authorized and empowered to take immediate possession of the said premises
<br />hereby conveyed and all crops thereon, or to collect the rents therefrom, and to apply the proceeds
<br />thereof to the payments of the debt hereby secured.
<br />Together with all and singular the tenements, hereditaments, privileges and appurtenances, now or
<br />hereafter located upon or belonging to or in anywise appertaining to the above described property,
<br />or any part thereof, including any right of homestead and every contingent right or estate therein.
<br />To Have and to Hold the Same, together with all and singular the privileges and appurtenances
<br />thereunto belonging: In Trust Nevertheless, that in case of default in the payment of said Deed of
<br />Trust Note or any part thereof, or in the payment of the interest thereon, according to the tenor and
<br />effect of said Deed of Trust Note, principal or interest, if any, or in case default shall be made in or
<br />in case of violation or breach of any of the terms, conditions, covenants, or agreements herein
<br />contained, then all sums secured hereby shall immediately become due and payable at the option of
<br />the holder of the Deed of Trust Note, and the Trustee may proceed to sell the property in
<br />accordance with the Nebraska Trust Deeds Act (Section 76 -1001 et. seq.). Trustee shall receive a
<br />fee of One Percent (1 %) of the entire indebtedness then owing to Beneficiary as a fee in exercising
<br />the power of sale.
<br />And the Trustor covenants and agrees to and with the Trustee, that at the time of the ensealing of
<br />and delivery of these presents, he is well seized of the said premises in fee simple and has good
<br />right, full power, and lawful authority to grant, bargain, sell and convey the same in manner and
<br />form as aforesaid; and that the same are free and clear of all liens and encumbrances whatever and
<br />the herein bargained premises in the quiet and peaceable possession of the Trustee against all and
<br />every person or persons lawfully claiming or to claim the whole or any part thereof, Trustor shall
<br />and will warrant and forever defend.
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