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2� 1 ��31 ��
<br /> b. Failure to pay any [i�ns, judgmen�s, ass�ssments, taxes, r�nfis, fees, or charges or main�atn any
<br /> insurance on �he Pr�perty, buildings, fix�ures, at�achmen�s, vr impravemen�s as praWided in this trust
<br /> deed, �r in any oth�r Laan D�cumen�.
<br /> c. Any br�ach or ma��rial misrep�esentation af any �erm, agreemenf, cv��nanfi, ��ndition,
<br /> certificatian, representation or warran�y as pro�ided �n fhis trus�deed, or�any��her Loan Documen�.
<br /> d. Sale, �ransfer, �r con�eyance of the Praperty describ�d here�n wifihvu� pr�ar wri��en consen� of
<br /> Lender.
<br /> e. Any use of ioan prviceeds for a purp�se �ha�wil[ con�rEbut� ta excessive erosion of highly erodibi�
<br /> land or to the conversivn �f weflands to praduce �r ta make possib[e �he pr�duc�ian of an agricul�ural
<br /> cammodity, as further explained in 7 CFR Part �94�, Subpart�, Exhrbi� M.
<br /> f,The death, diss�rution �r insolvency of any Trustor; the ap�aintment of a receiver fvr any Trus�ar�or
<br /> �heir Praper�y; any assignment far the ben��it af credi�vrs by tne Trustor; or applica�ron af any debtor
<br /> relief law �a Trus�ar, including any �ype of v�rark�ut or commencemen� af proce�ding under any
<br /> bankruptcy or insol�ency laws by o�against any Trustor vr Borrower on any Loan Documen�or other
<br /> �hl�gafi�an �ecured by this�rus�deed.
<br /> g. Any of the p�eceding events occurs with respe�t �o any guaran�or, endorser, �ure�y, or
<br /> accommoda�ion party of any af the �bIiga�ians or any gua�an�or, endorser, surefy, or accvmmoda�ion
<br /> party dies o� becames incompe�en�, or revokes or d�spu�es fhe �alidity af, �r liabi�ity under, any
<br /> gua�anty of�he �bliga�ivns.
<br /> 7. In fhe �vent of a defaul� and at any time fhereafter, Lender, at i�s aptlon, subjec��o any requiremen�s
<br /> under the Fa�m Cr�d�� Act �r o�her applicable federal ar sta�e law, may ��cercise one �r more of �he
<br /> fvllowing righ�s and remedies, in addi�ion to any other rights or remed�es permit�ed hy lavv:
<br /> a. Dec�are all �bliga�i�ns secured hereby ta be �mmediately due an� payable and the whole will bea�r
<br /> interest a��he defau�t rate as pravided In�he Laan Dacumen�s.
<br /> b. Lender may immediate[y authorize Trustee �v �xercise the power of sa[� gran�ed herern �n fh�
<br /> manner pro��ded in th� Nebraska Trus� Deeds Act, a�, a��h� opt�on of the Lender, may farec[ose �he
<br /> �rus� deed in �he manner pravided by �aw for the fvreclvsure of mor�gages on real property, including
<br /> fhe appointmen� of a receiver upan ex parte appI�ca�ion, notice �e'rng hereby �xpressly wai�ed,
<br /> wifhou� regard �o �he Wafue of fh� praperty ar �he sufficiency �hereof to discharge th� indeb�edness
<br /> secured hereby or rn�he Loan Dacuments.
<br /> Sh�uld Lend�r elecf�� e�cerc�se �he pawer af sale gran�ed herein, L�nder wilC na�ify Trusfee who wi[[
<br /> recard, pub�ish, and deliver to T�-us��r�s} such Notice of Defaul� and No�ice af Sale as then requir�d
<br /> by law and `rvi�l in the manner pro��ded by law, seIl fhe p�aperty at�he time and place of sale fixed in
<br /> the n��ice of sa�e, either as a whole or in separa�e lats, parce[s, or�tems and in such order as Trustee
<br /> wi[I deem �xpedient. Any persvn may bid at�he sale inc[uding Trus�or, Trustee, or Lender. �
<br /> c. L�nder, either in person or by agent, with or w�thaut bringing any ac�ion vr proce�ding and wlth �r
<br /> �rithout regard t� the �a[ue of �he Pr�perty ar �he sufficiency thereof �o discharge the �bliga�ions
<br /> secured hereby, is au�harized and entitled �o enter upvn and take possessian of �he Prop�rty in its
<br /> own name ar in the name of the Trustee an� da any acts or expend any sums i�deems necessary or
<br /> desira�le to protect or preserve fihe �aIue af fihe Property or any interes� �herein, or increase the
<br /> income �h�r�from; and with or wi�hou� taking possession af �he Prop�rty is authoriz�d �o sue for or
<br /> ❑therwise coll�ct the ren�s, issues, crops, profits, and incame thereof, includEng �hose pas� due and
<br /> unpaid, and apply�he same upon any �bliga�i�ns secured hereby o�in the L�an Documen�s.
<br /> d. Lender will be en�i�led t� a rec�iver �� take `rmmediafe possession of �he Property and al[ rents,
<br /> [55L]�S, cr�ps, profits, and income the�eof, without regard to the �alue of �he Property, or �he
<br /> sufficiency �hereof ta discharge �he trus� deed deb� and �he foreclosure casts, fees, and expenses.
<br /> Such recei�er may be imme�liately appointed by any court of competent ju�isd�ction up�n ex parte
<br /> appl�ca�ion, no��ce being hereby expressly waived and sha[I serve wi�hout bond if the la�rv a11�ws. The
<br /> receiver will apply a�� rents, issues, craps, profi�s, and income of the Prop�rty �o keep �he same in
<br /> gaad repair and condifion, pay alI faxes, ren�s, fees, charges, and assessmen�s, pay insurance
<br /> premiums necessary fo keep�he Prap�rty insured, pay the expense af the recei�ership and a��orney's
<br /> fees incurred by �he rec�ive�, and apply the ne� praceeds �o the payment af�he �bligafir�ns secured
<br /> hereby. 5uch recei�er wiil haWe all �he o�her usual powers of recei�ers aufho�ized by la� and as �he
<br /> co u r�m ay d i rec�.
<br /> e. [n �he even�Trus�ar fails to pay any liens, judgments, assessments, taxes, rents, fees, or charges
<br /> ar main�ain any insurance vn �he Praperty, build�ngs, f�xtures, a�fiachments, ar impravemen�s as
<br /> proWided herein or in fhe Loan Dacumen�s. Lender, a�E�s op�ian, may make such paymen�s or provide .
<br /> insurance, main�enance, or repa�rs and any amoun�s paid therefor wi[[ �ecom� �art of fihe pr�inclpa�
<br /> App#:5377�54; CIF#.�3�14�; Note#:3�35�97 04�BIVI Lega[Dac.I3afe:May 2Q,���6
<br /> F�RM 5�1'�,Trusf Deed and Assignmen�of Rents Page 5 of�1
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