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2� 1 ��551 �
<br /> G.Any br�ach ar material mis�epresen�a�ion of any term, agr�eement, covenant, con�ition, certification,
<br /> rep�-esentatian vr warranty as pravided in this frust deed, vr any�ther Laan Documenf.
<br /> d. Sale, transfer, or cvnWeyance �f fhe Property described herein �ithout prior wriften cansent �f
<br /> Lender.
<br /> e. Any use �f loan proceeds f�r a pu�p�se that wil� con�ribute ta exc�ssive erosion o�highly ervdib�e
<br /> land ar to �he conversi�n of wetlands �o p�aduce or�o make poss�ble the production af an agricui�ural
<br /> commodity, as fur#her explained in �CFR Part �940, Subpart�, Exh�bit M.
<br /> f= The death, dissaluti�n or insvlvency of any Trusto�; the appa�ntmen�o�a receiver for any T�ustar ar
<br /> their Property; any assignment for the benefit o�f�redifars by the Trustor; or app�ication of any debtar
<br /> relief iaw ta Trustor, including any type of workout ar commencement �f prac�eding under any
<br /> bankruptcy �r Ens�lvency la�vs by or against any Trustor or B�rr�wer�n any Loan Dvcument �r�ther
<br /> �biigatian secu�-ed by th�s trust d�ed.
<br /> �. Any of the preceding events occurs wi�h resp�ct to any guaran�or, en�larser, surety, ar
<br /> accomrnoda��on party vf any of the �bligations or any guarantor, endarser, surety, or accommodatian
<br /> party dies or becomes incompetent,�r revvk�s or disputes th�validity af, or liabilify under, any gua�anfy
<br /> of the �bl�gati�ns,
<br /> 7. In the event of a defauit and at any time thereafker, Lender, at �ts ap�ian, subject to any requirem�nts
<br /> under �he Farm �redit Ac� o�- vthe�- applicable federa� vr s�ate law, may exercise �ne or more of fhe
<br /> fv���wing �r�ghts and remedies, in additian �a any�ther rights��-remedies permi�ted by law:
<br /> a. Declare al� �bligations secured hereby to b� imm�diately due and payable and the whole will bea�
<br /> interest at the default ra�e as pro�ided in the Loan D�cuments.
<br /> b. Lender may immedia�e�y au�horize Trustee to ex�rcise the power of sale granted herein in �h�
<br /> manner provided in the Nebraska Trust Deeds Act, or, at the op�ion of the Lender, may forecl�se the
<br /> �rust deed jn the mann�r p���rded by �aw f�r the fareciosure of mort�ages on reai pr�operty, inc�ud�ng
<br /> #he appaintment of a recei�er upon ex parte application, notice bein� hereby exp�ressly wai�ed, without
<br /> regard to the vaiue af the property ar the su�ficiency thereaf�o discharge the inde�tedness secured
<br /> hereby a� in the Loan Documents.
<br /> Should Lender elec�to exercise �he power of sale g�an�ed herein, Lender wi�f natify Trustee wha wil�
<br /> recard, publish, and deli�er ta Trustor�s} such Notice�f Default and Natice of Sa�e as then required by
<br /> Iaw and vtirill in the manner proWided by law, sell �he praperty at the time and place af sale fixed in �he
<br /> notice of safe, e�ther as a whole ar in separa�e lots, parcels, �r items and in such ord�r as Trustee w�ll
<br /> deem expedienf. Any person may bid at the sale inc�uding Trust�r, Trustee, a�Lender.
<br /> � c. Lend�r, �ither in person ar by agent, with ❑r wifhou� bringing any action or p�aceeding and wi�h vr
<br /> withou� r�gard to fhe value af the Pr�perty or the sufficiency �hereof to discharge the �bligat�ons
<br /> secured hereby, is authorized and entiitled to ent�r upvn and take possession of the Property�n i�s�wn
<br /> name or �n the name of fhe Trustee and d� any acts or expend any sums it deems necessary� or
<br /> desirabE�tv protect ar preserve�he�alue�f the Prvperty�r any inte�est fherein,ar increase�he incvme
<br /> �herefrom; and with �r without taking passession �f�he Property is autho�ized ta sue for�r �therwise
<br /> colleGf the rents, issues, Grops, profi�s, and Encome the�eof, includ�ng thvse past due and unpaid, and
<br /> appEy the same upon any ��ligatians se�ured hereby or in the Loan Dacumen�s.
<br /> d, Lender will be entitled tv a recei�er tv take immedia�e passess�on af �he P�aperty and a!I rents,
<br /> issues, c�ops, p��fits, and inc�me�hereof,wi#hout regard to the value of the Property, or the sufficiency
<br /> �her�of to dischar�ge the trust deed debt and fh�foreclosure costs, fees, and expenses, 5uch receiver
<br /> may be �mmediately app�infed 1�y any court af compefent�urisd�ctiion upon ex parte applicatian, n�tice
<br /> being he��by expressly wai�ed and shal� serve without bvnd if the law a�lows. The �ec�iv�r will apply
<br /> all ren�s, issues, crops, profits, and inc�me of the Property to keep �he same in gaad repair and
<br /> c�nditian, pay a��taxes, rents, fees, charges, and assessments, pay insurance premiums necessary fo
<br /> keep fhe Prap�rty insured, pay fhe exp�nse of�he �ecei�rership and attorney's fees �ncurred �y the
<br /> receiver, and apply the net proceeds fo the payment of�he�bliga�ions secured h�reby. Such recei�er
<br /> wilE ha��alf the v�her usuai pawers of rec�i�ers aufhori�ed by�aw and as the court may direc�.
<br /> e. ln �he even�Trusto�fails t� pay any liens,�udgmen�s, assessments, faxes, rents, fees, or charges or
<br /> maintain any insurance�n�he Pr�perty, �uildings, fixtu�es, attachments, ��improv�ments as p��vided
<br /> herein�r in the Loan Documen�s. Lender, at ifs op��an, may make such paym�n�s�r provide insurance,
<br /> maintepance, or �epairs and any amoun�s pa�d therefor will bec�me part o��he p�rincipal �b�igations
<br /> s�cured h�reby, b� immediateiy due and payable and bea� interes�a�the defaulfi rate prvvided in the
<br /> Loan avcurnents from th�date af paymen�until paid.The ad�ancement by Lender vf any su�h amvunts
<br /> w�l� in no manner limit�he right�f Lend�r to declare Trustor in defau�t ar exerc�se any of Lender's�ther
<br /> �igh�s and remedies.
<br /> App#:54�6D9�; CI F#: ��53��; Note#:3�46�83 220KS Lega1 Doc.Date:Aug us�24,�0�5
<br /> F�RM 5D1�,Trus#Deed and Assignmen�of Rents Page�af 8
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