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TRUSTOR, BORROWER, AND LENDER AGREE AS FOLLOWS:
<br />Page 3 of 5
<br />201604342
<br />N89 °26'47 "E, along said North line of said Southeast Quarter (SE1 /4), a distance
<br />of 938.74 feet to the POINT OF BEGINNING, containing 77.355 acres, more or
<br />less.
<br />together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,
<br />rights, privileges, and appurtenances located thereon or in anywise pertaining thereto, and the
<br />rents, issues and profits, reversions and remainders thereof, and such personal property that is
<br />attached to the improvements so as to constitute a fixture, including but not limited to heating
<br />and cooling equipment, and together with the homestead or marital interests, if any, which
<br />interests are hereby released and waived; all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust
<br />and all of the foregoing being referred to herein as the "Property ".
<br />This Deed of Trust secures the total sum of Three Hundred Forty -One Thousand Nine
<br />Hundred Fifty -Two and 50 /100 Dollars ($341,952.50) (hereinafter referred to as "Debt ") as
<br />evidenced by Borrower's Promissory Note of even date herewith (herein called "Note "), which
<br />has a stated maturity date of July 1, 2026. This Debt shall include any and all modifications,
<br />extensions, and renewals thereof or thereto, and any and all future advances and re- advances to
<br />Borrower (or any of them if more than one) hereunder pursuant to one or more promissory notes
<br />or credit agreements.
<br />This Deed of Trust secures to Lender: (i) the Debt evidenced by said Note; (ii) the
<br />payment of all other sums, with interest, advanced under the provisions hereafter to protect the
<br />security; and (iii) the performance of Trustor's and Borrower's covenants and agreements.
<br />Trustor covenants that Trustor is lawfully seised of such real estate and has the legal
<br />power and lawful authority to convey the same, and warrants and will defend title to the real
<br />estate against the lawful claims of all persons.
<br />1. Borrower shall pay when due the principal and interest as provided in said Note.
<br />2. All payments received by Lender shall be first applied to advances that may have
<br />been made by Lender, and then to interest due, and last to principal due.
<br />3. Trustor shall pay all general real estate taxes and special assessments against the
<br />Property before the same become delinquent.
<br />4. Trustor shall keep the improvements on said Property insured for their insurable
<br />value against loss by fire and hazards included with the term "extended coverage ", and policies
<br />for the same shall include a standard mortgage clause showing Lender herein. In event of loss,
<br />Lender may make proof of loss if not promptly made by Trustor. Insurance proceeds shall be
<br />applied to restoration or repair of the Property damaged, unless both parties agree otherwise,
<br />except if restoration or repair is not economically feasible, or if Lender's security is not lessened;
<br />otherwise, said proceeds shall be paid on the Debt herein, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from
<br />insurance shall not extend or postpone the due date of the payments provided in said Note, or
<br />change the amount of the payments.
<br />5. Trustor shall keep the Property in good condition and repair; shall promptly repair
<br />or replace any improvement that may be damaged or destroyed; shall not commit or permit any
<br />waste or deterioration of the real estate described hereinabove; shall not remove, demolish, or
<br />substantially alter any of the improvements on the Property; shall not commit, suffer, or permit
<br />any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and
<br />shall promptly discharge at Trustor's cost and expense all liens, encumbrances, and charges
<br />levied, imposed, or assessed against the described real estate or any part thereof.
<br />6. Trustor shall keep the Property in compliance with all applicable laws,
<br />ordinances, and regulations relating to industrial hygiene or environmental protection
<br />(collectively referred to herein as "Environmental Laws "). Trustor shall keep the Property free
<br />from all substances deemed to be hazardous or toxic under any Environmental Laws
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