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2� 1 ��551 �
<br /> may be used tv pay fa� recanstructivn of the des�royed impro�ements, Such insurance wi[I be in an
<br /> amount at leas� equal to the lesser of the Ioan balance, the acfual cash �alue of the Praperty, or fhe
<br /> �eplacement cast af�he Properky, and w�ll at a minirnum, co�er fosses caused by fire, �ighfning,explosion,
<br /> riot, aircr-aft, �ehi�les, vandalism, civil commotion, smoke, windstorm, and hail. Trustor wiil obfain an�1
<br /> keep flood insurance in f�rce to c�ver Iosses by flood as required by Lender and by the National Flood
<br /> Insur�an�e Act of �968, as amended, and by regulations implementing the sam�. Trust�r furthe�agrees
<br /> �hat Lend�r is not an� will no� be.liable for any failu�e by T�ustor�r by any insurer, for wha�ever reas�n,
<br /> �� obfain and �eep this insurance in f�rce. Trustor shall give wrttten notice ta Lender immediately af any
<br /> cancellatian, te�mina�ion or maferial madifica�ion of any such insu�anc�. If Tr�ust�r fails tv mainfain �he
<br /> cvverage described abave, Lende�may, at Lender's option, obta�n coverage ta pro�ect Lender's righ�s in
<br /> the Pr�perty accord ing tv�he terms of th is trust deed.
<br /> 3. T� keep al� buildings, fixtures, aftachments, and ather impro�emen�s now an or he�eafte�- placed an
<br /> the Real Property occupied and in good repair, maintenance, ana� cvndifi�n and to neither cammit nar�
<br /> permif any acts of waste or any impairment of fhe �alue af �he Property. Trus�or shall n�t remove �r
<br /> demolish any imp�ovement wi�hout prior� writ�en approval vf �he Lende�. Trustor shall give immediate
<br /> n��Ece tn Lender of any material damage fo or cons�ruction on or rela�ed to any af the Property. Lende�
<br /> may enter upon the Real Property ta inspec�fhe same or to pertorm any acfs au#horiz�d herein or�n th�
<br /> Loan Dvcuments. Any in�pect�ons, reports or samp�es c�nducfed by L�nder shall be far their own use
<br /> and benefit, and Lender shall nof be required to dis�lose the resulfs❑f any inspectians to Trustor for any
<br /> reason, regardless of wh�th�r Lender has done sv an any vther oc�asi�n uni�ss Lender agrees to da s❑
<br /> in a separate w�i��ng. Trus�or is responsib�e for monitoring, p�eserving and inspecting �he Praperty
<br /> independen�ly of L�nder, and Lender makes no represenfation, sfatement ar warranty regar�ing the
<br /> accuracy of any insp�ction, reparts or statemen�s r�elated �v the Property's conditivn, quantity, or quality
<br /> of any nature, and Trus�or agrees it shaEl not rely upon s�a�ements related fhereto made by a
<br /> representati�e of Lende�.
<br /> 4. That Trustor �s, and shall continue to be, duly arganized, �alidly existing and lega��y qualified ta do
<br /> business under the [aws of the states in which Trustor opera�es, in c�mp�iance with federal, state and
<br /> local laws or regula�ions, and have lega�auth�ri�y in such sta�es to conducf Trusfar's business opera��ons
<br /> and to own agricu�tura� real estat�. No �hange has been made in the name, ownership, c�ntrol,
<br /> relationship, legal status, or organizati�nal and f�rmafion do�umen�s of any undersigned since fh� time
<br /> any such infarmativn was las�provided tv Lender. Any b�rrowing res��ution or similar document pro��de�1
<br /> tv the Lend�r, whether on Lende�'s f�rm vr atherwise, has been exe�u�ed by all�hvse with an �wnership
<br /> int��est �n the Trustor's entity and such designated sign�r as set forth in the borrow�ng r�s�lution is duly
<br /> aufhorized to execute any and all Loan Documents an behalf th� enfity, including this�trust deed,
<br /> 5. Ail known svu��es of exis�ing or potential �nviranmen�al cvntamination on ar near any Real Pr�perty
<br /> �wned or operated by Trustar has been �ully disclosed tv Lender; the�perations �f Trust�r camply, an�1
<br /> during th� te�m af this trust deed wilf at alf fimes camp�y in all respects, with a�l �n�rirvnmen�al laws;
<br /> Trusta�- has obtained and will maintain all lic�nses, permits, autharizations and re�istratians required
<br /> under any environmental law and necessary for i�s ord�nary caurs� �perations, afl such en�ironmental
<br /> permits are in govd standing, and Tr�ustor is in cvmpliance w��h all material terms and candi�ions af such
<br /> enviranmental permits; neither Trust�r nvr any of its presen� Pr�perty vr opera�ivns �s subject to any
<br /> outstanding writfen vrder from ��a�reement wi�h any gov�rnmen�a� authortty or subject�o any judic�al ar
<br /> docketed administrative pr�ce�ding, respe�t�ng any environmental law, environmental claim or
<br /> hazardous material; the�-e ar� nv hazardaus materials vr �fher cvndifions or circums�ances e�is��ng, or
<br /> arising from operatians prior�o �he date of this trust deed, with respect ta any P�operky of T�ust�r that
<br /> w�uld reasonably be expecfed t�give rise t�mafe�ia�environmen�al clalms. ln additian,Trustor sha��h�ld
<br /> Lender harmless from any liability for environmenfal was�e or contamination on any Prvperty owned ar
<br /> operafed by Trustor or liability imposed as a consequence by reasvn�f Trusfvr's acfivifies and will d�fend
<br /> and Endemnify L�nder agains�all claims, lass�s, liabilifies, and exp�nses incurred by Lender as a result
<br /> thereof, This�ovenan�will survive cance�la�ion, expirativn ar terminafion �f this t�ust deed.
<br /> B. Each af the�o�lowing shall cons�itute an e�ent of default:
<br /> a. Fajfure to make any paymen�when due under any Loan Document �r❑ther �bligation secured by
<br /> �his trus�deed.
<br /> b. Failure to pay any ��ens, judgmen�s, assessments, tax�s, rent�, fees, or charges ar maintain any
<br /> insuran�e on the Property, buildings, fixtu�es, attachments, vr �mp�ovements as provided in this t�ust
<br /> deed, �r in any other Loan DQcument.
<br /> App#:54�6�9�; C1F#:�'1632G; Nate#:3�46583 �20K5 Legal�vc.Date:Augus#24,��'IC
<br /> F�RM 50�'i,Trust Deed and Assignment of Rents Page 4 of 8
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