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2� 1 ��31 ��
<br /> option of Lender may be used �� pay far recons�rucfi�n af�he d�s�royed imprvvemen�s. Such �nsurance
<br /> wil[ be in an amoun� at leas� equa� �o �he lesser of �he laan balance, the actual cash va�ue of the
<br /> Property, or the repracemen� cosf af�he Praperty, and will af a minimum, coWer Iosses caused by fir�,
<br /> l�ghtning, �xplosion, ri�t, alrcraft, vehic�es, vandalism, c�vil commoti�n, smok�, w�ndstorm, and hai1.
<br /> Trustor will vb�ain and keep f1oQd �nsurance �n force�� cover losses by fl�ad as requrred by Lender�and
<br /> by �he National Flood lnsurance Ac� of ���5, as amended, and by regula�ivns implemen�ing �he same.
<br /> Trustor further agrees that Lender is no� and wlll not be Iiable f�r any fai[ure by Trus��r or by any
<br /> insu�er, fo�wha�ever reasan, to obtain and keep �hEs insurance in force. Trus�ar sha[i g�ve written no�ice
<br /> ta Lender immedia�ely of any canceIla�ian, �ermination ar maferial modificafian of any such insuranc�. �f
<br /> Trustar fails �o ma�ntain �he co�e�age described above, Lender may, at Lender's optian, ob�ain
<br /> ca�erage to pra�ec�Lender's righ�s in �he Property accor�ljng �o�he ferms of this Trus�Deed.
<br /> 3. To keep a<< buildings, fixtures, attachments, and ather improvements now an �r he�eafte� pIaced on
<br /> the Real Praperty occup�ed and in gvvd repalr, maintenance, and condi�ion and t� neither commif n�r
<br /> perm�t any ac�s of was�e ar any �mpairm�n� of the �aCue of �he Property. Trus�o� shall no� remo�e vr
<br /> demolish any impro�emenfi wifhout pr�ar writken appro�ai af the Lender. Trustor sha�� give immediafie
<br /> notice to Lender af any mater�al damage �o or cons�ructivn an ar reia�ed ta any vf fihe Praperty. L�nder
<br /> may enfie�upon th� R�al Property�� inspec��he same or�o p�rform any acts au�horized her�ein ar�n�he
<br /> Laan D�cumen�s. Any inspections, reports or samples conducted by Lende� shall be for�heir own use
<br /> and benefit, and Lender shal� no� be required �o disclose fihe resul�s �f any inspections tv Trus�or fvr
<br /> any �eason, regardless vf whether Lender has done sa �n any �ther occasian unless Lender agrees tv
<br /> do so in a separa�e wri�'rng. Trus�or is responsible far monitoring, preserving and inspec�ing �he Praperty
<br /> independen�ly of Lender, and Lender makes n� represen�a�ian, s�a�em�n� o� warran�y r�garding the
<br /> accuracy of any inspection, reports or s�atements related to the Praperty"s condi�ron, quan�i�y, or quality
<br /> of any na�u�e, and Trus�or agrees l� shall no� rely upon s�atements rela�ed there�o made by a
<br /> represen�ativ��f Lender.
<br /> 4. Tha� Trusfor is, and sha11 con�inue fio he, duly organized, Walidly exis�ing and legally quai��ied �o do
<br /> busin�ss under the iaws of�he s�ates in vtirhlch Trusfor opera�es, in camp�iance wi�h federa[, s�a�e and
<br /> local law� or r�gula�ions, and hav� legal au�hori�y in such sta�es to c�nduc� Trus�or's busin�ss
<br /> apera�ions and �� own agricul�ural real es�a�e. No change has heen made in the name, �wnership,
<br /> can�ral, relafianship, legal sta�us, ar organi�a�ional and farmafi�n documents of any undersigned since
<br /> the time any such �nformation was lasf pro�ided �o Lender. Any borrowing resolut�on or simi�a�
<br /> dacument pra�ided �a �he Lender, whe�her an Lender's form or othen�rise, has been execu�ed by a[!
<br /> �hose wi�h an �wnership in�eres� in �he Trustor's en�ity and such designa�ed signor as set forth in �he
<br /> b�rrowing resoluti�n is du[y authorized �o execu�e any and all Loan Documen�s on behaif �he entity, .
<br /> inc�uding�his�rus�deed.
<br /> �. A�I known s�urces af existing or potential enWironmenta[ con�aminatian on or near any Reai Property
<br /> awned �r opera�ed by T�ustar has been fuiiy disclosed �o Lender; the operati�ns of Trus�or c�mp[y, and
<br /> during the t�rm vf �his �rus� deed will at al[ times comply in a!i respects, v�rith aCC environmen�a[ laws;
<br /> Trustor has obtained and will main�ain all licenses, permits, authar�za�ions and registra�ions required
<br /> under any en�ironmental [aw and necessary for its ard�nary course opera�ions, a[I such enviranmental
<br /> permi�s a�� in g�ad standing, and Trustor is in complianc�with aIC ma�eria[�erms and condi�ions af such
<br /> env�r�nmentai p�rmits; nei�her Trusfor nor any of its present Property or �perat�ons is subjec� to any
<br /> outsfanding writ�en arde� fr�m or agreemen�wi�h any g��ernmen�a! au�hority or subjec�ta any judiciai
<br /> or do�ke�ed admini��ra�ive proceeding, resp�c�ing any �nviranmental Iaw, environmental claim ar
<br /> ha�ardous ma�eriai; fhere are no ha�ard�us ma�erials or ��h�r cond��ions or circums�ances exis�ing, o�
<br /> a��sing from operations prior to the da�e af this trust deed, wifh r�spec�tv any Prap�rty af Trus�ar that
<br /> wou�d r�asanably be �xpected to give r�se fio materia[ en�ironmental claims. In add�tion, Trusto� shaI[
<br /> hold Lender harmless from any liabi[i�y f�r enWironmen�al was�e or canfiamina�ian on any Pr�perty
<br /> owned or operated by Trus�ar �r liability impased as a Gonsequence by reasan of Trust�r's act�Wi�ies
<br /> and wilI defend and indemnify Lender against a[I c[aims, iosses, liabillti�s, and expenses incurred by
<br /> Lender as a resui��hereof. This covenan�w�ll surv�ve cance�iafion, expirafiion or fierminati�n �f�his �rust
<br /> d eed.
<br /> �� Each of�he f�llowing sha[� constitute an e�ent af defaul�:
<br /> a. Fai[ure �o make any payment when due under any Lvan Documen�or o�her�biigafi�n secu�ed by
<br /> �his trust deed.
<br /> App#:�377D54; C[F#: 132�45; Nofe#:3�35�97 �4�gM L�gal Doc.Date:May 24,2��6
<br /> FORM 5��'[,Trust Deed and Assi�nmen�of Rents Page 4 of'i�
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