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NebDocs January 2015 201602027 of the environment or the regulation or control of toxic or hazardous substances or materials. Borrower hereby warrants and represents to Lender that there are no toxic or hazardous substances or materials on or under the Property. Borrower does hereby indemnify and hold Lender harmless, and any successors to Lender's interest, from and against any and all claims, damages, losses and liabilities arising in connection with the presence, use, disposal or transport of any substance the subject of any environmental law, regulation or control of toxic or hazardous substances or materials on, under, from or about the property. This indemnity shall survive reconveyance of the property secured by this DOT. 9. Use & Preservation of Property: Borrower shall use the Property for livestock ranching and for lawful purposes only; and shall not substantially change the Property, allow the Property to deteriorate, or commit or permit waste. Borrower shall comply with all laws and regulations applicable to the use of the Property, and shall maintain the improvements thereon in good repair. 10. Inspection: Lender or Lender's agents may make reasonable entries on the Property for purposes of inspection. 11. Transfer of Property: Borrower enters into this agreement with responsibility owed to the Lender, and on the basis of the amicable relations which have previously existed between Lender and Borrower with respect to the subject Property. Should Borrower desire to sell or encumber the subject Property or any part thereof, Borrower shall forthwith obtain the consent of Lender to such sale or encumbrance while any sums remain due on the Note secured by this Deed of Trust. Should Borrower sell or encumber any part of the subject Property or any interest therein to any third party, or enter into an agreement to sell, encumber, or create an interest in a third person in the Property without the consent of Lender, other than the granting of a farm lease to a third party or the granting of an oil, gas, or other mineral lease on any part of the premises, or should Borrower permit any part of the subject premises or any interest therein to become subject to a lien of any kind without the consent of Lender, Lender, at the Lender's option, can declare the entire indebtedness remaining due and unpaid secured hereby immediately due and payable, and exercise any remedies available under the provisions of this DOT. This provision shall not apply to Borrower's grant of a farm lease to a third party or Borrower's grant of an oil, gas, or other mineral lease to a third party. 12. Mineral Interests: Borrower hereby transfers, assigns and conveys to Lender all bonuses, royalties, delay rentals, rents, shut -in gas or oil well royalties and all other benefits that may from time to time become due and payable to Borrower, or their assigns, under any oil, gas or other mineral lease of any kind now existing or that may hereafter be effective on the Property or any part thereof secured hereby. Borrower, however, shall have the right to collect and retain any such bonuses, royalties, delay rentals, shut -in gas or oil royalties, and all other benefits that may from time to time become due and payable to Borrower prior to acceleration by Lender of such balance due as provided herein or on Borrower's abandonment of the Property. All sums Lender receives under this collateral assignment of mineral interests shall be applied, first, to reimburse Lender for any sums advanced by Lender for protection of the Property, second, to accrued interest, and the balance to principal remaining unpaid. Any application of principal shall not delay the due date of any subsequent installment that should become due under this DOT or the Note secured hereby. On payment in full of the DOT debt and reconveyance of record to Form# 15.0603 Page 3