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2� 17� 1111
<br /> d. �ai�, �ransfer, o� con�eyance af �he �r�perty des�ribed h�rein wi��out prior �rr�t�en cansen� ot
<br /> Lender.
<br /> e. Any use of]van praceeds f��a purp�se �h�t�nril� contribu�e t� excessive er�sian af highly eradi�le
<br /> land or�o �he con�ersion �f wetlands �o produce or�a make possi�le �he produ�tion �f an agricul�ural
<br /> c�mmvdity, as furth�r�xplained in 7 CFR part �94�, Subpart�, Exhi�i�Illl.
<br /> f.The�leath, dissoIu�ion ar insQ�ven�y vf any Trusfar; �h�appo�n�ment o�a recei�er f�r any Trust�r or
<br /> �heir Property; any assi�nmen�for th� �enefit vf�redi�ors by �he Trustor; a�r applica�ion vf any deb�ar
<br /> re�ief Ea�rv ta Trus�or, including any �yp� �f �orkoufi vr cammen��r�nen� af praceeding under any
<br /> aankruptcy ar insalv�ncy laws by�r again�t any Trus�or or ��rrawer on any L�an Dvcument or�ther
<br /> �bligation secured �y�his�rus�deed.
<br /> g. Any of �he preceding e�ents accurs �rifh respe�t to any guarantor, endarser, sure�y, or
<br /> accommod��ion party of�ny of the C]bli�ati�n� ar any guarantar, end�rs��, surety, or ac�ammodation
<br /> party d�es or becames�nc�mpe�en�,vr revvk�s ar disputes fhe�a�idi�y�f, ar liability under, any guaran�y
<br /> �f�he�']biigations.
<br /> 7. ln �he �venfi of a default�nd a�any time�hereaf��r, Lend��, �t i�s o�tian, subjec��o any �equiremen�s
<br /> under �he Farm Credi� Ac� ar vther applicabie f��eral or �tate law, may e�ercise one �r� mare of the
<br /> following rig�fs and remedi�s, in additi�n to any other r�ghfs❑r�emedi�s permit�ed by law:
<br /> a. Dec�ar� aII �bl�gations ��cured here�y to be imm�dra�ely due and p�yable and the whaIe�rviil bear
<br /> En�er�st a��he default rat�a� pr�vided ir��he Laan Dacuments.
<br /> b. Lender may �mmedrat�Iy au�hvrize Trus�tee �o e�ercise the po�ver of sale granted herein in the
<br /> manner provid�d in the Nebra�ka Trust D��ds Act, a�, �t th� option af fhe Lender, may�oreclos� th�
<br /> t�ust de�d �n �h� manner pr�vided by law fo�the forecl�sur� of martg�ges vn real praperty, includi�tg
<br /> the appnintmer��of a rec�i�er upon e�part��pplication, na�ice b�in� h�r�by expressiy w�ived, �i�hou�
<br /> regard �o �he value ��the property or th� sufficiency �h�revf�a discharge �he indeb�edness secured
<br /> hereby ar rn�he Loan Dacum�n�s.
<br /> Should Lender eIect fo exercise the pow�r af sale gr�nfied herein, Lender will nv�ify Tru�tee who w�li
<br /> recv�d, publish: and deli�er�o Trus�ar�s}such N�tice❑f Defaulf and N���c�of 5ale as then required by
<br /> law and wilI in �he rnann�r pro�ided by ��w, seil th� property at th�fiime and p�ace vf s�1e fixed in �he
<br /> na�ic� af s�le, eitner as �whaie o�in s�p�rate Io�s, parc�Is, or ifiems and in such order as Trus�ee will
<br /> deem expedienfi. Any per�on may�id �fi�he�ale in�ludir�g Trustar, Trust��, vr Lender.
<br /> c. L�nder, ei�her in p�r�on vr by agent, with or withaut bringing any �c�ian a� proceeding and with or
<br /> withaufi reg�rd to the v�l�e vf the Pr�p�rty or �he suffiGi�ncy therev� �o discharge fhe C]bliga�ians
<br /> secured her�by, �s auth�r«ed and entifiled�o en�er upon and�ake passesslon of th� Property in i�s own
<br /> name or ir� the name vf �he T�ustee and do any �cts �r expend �ny �ums it deems n�cessary ar
<br /> desir�bl�to pro�ecf�r�r��erve the v�lue of the Prop�rty ar any in�erest�her�in, or increase�he incame
<br /> �herefram; and wi�h or with�ut�aking poss�ssi�n o�fihe Property i� �u�horized tv sue f�r�r o�hennrise
<br /> �ollecfi th� ren�s, �ssues, �raps, profit�, and incom��here�f, includin� �hose past due �nd unpaid, �nd
<br /> appIy th�same upvn �ny �3blig�tion��e�ur�d hereby or in �he Laan Dacumen�s.
<br /> d. Lend�r will �e �ntitIed to � r�cei�er to ��ke immed���e p�ssession of �h� Property and aIl rents,
<br /> issues, crops, profi�s, and incame�hereat, w[th�ut regard�o the�alu�of th�Praperty, �r�h�sufficlency
<br /> fihereof��dis�harge�h��rust deed d��t and the fa�re�lv�ure �ns�s, fees, and expense�. Such recei�er
<br /> may b� immediately app�int�d by any court vf c�mpetent jurisd�ct�on upon ��c parte applicati�n, no�ice
<br /> being he�eby e�pressly�rvaived and sh��l s�rv�withou� bond �f the I�w allo�rs. The rec�iv�r wi11 app�y
<br /> all ren��, [55Ll�S, c�op�, prafits, and �ncome �f �he Praperty ta keep the same in goad repair and
<br /> Can�I�IC7n, �ay aII�a�ces, ren�s, f�es, ch�rges, and assessments, pay insurance premiums neGessary�a
<br /> keep fhe Pr�perty insured, pay �he ex�ens� of�h� r�ceiv�r-ship and �t�orr�ey's fees incurred by �he
<br /> r�c�iver, and apply�ne ne�prac�ed��o th� paymen�af�h� �bligativns se�ured h�reby. �uGh re�eiv�r
<br /> �vi1i have all the o�her u�ual paw�rs of receE��rs au�horized by la�v�nd as�he caurt may direc�.
<br /> e. ln�he�ven�Trus�or fails to pay any li�ns,judgmen�s, as�essmenfis, tax�s, r�n�s, fees, ar charges ar
<br /> maintain any insuranc��n th� Praperty, buildings, fix�ures, a�#achmen�s, or impravements as pr��rd�d
<br /> herein ar in the Loan Documen�s. l.ender, ��i�s aptian, may make such paymen�s or�ra�ide insurance,
<br /> rnaintenar�ce, o� repairs and any amounts paid therefor will become part �f the prin�i�al �bi�gations
<br /> secured her��y, be immedia�ely du� and payable and �ear inf�res�at the defaul� ra�e prQ��ded in �he
<br /> Loan Do�um�nts from�he da�e of paym�n�un�il paid.The advancement by tende��f any such amoun�s
<br /> will in no m�nner IErn�t�h� righ�af Lend���a deciar�Trus��r in default vr exerci�e any of Lender's ather
<br /> rights and remedies.
<br /> f. In �he evenf Lender is a party�o any �ifiga�ion aff�cting the Praperty or fhi��rust deed, rnclud�ng any
<br /> action by Lender�o enfQrce�his��ust deed ❑r any sui�in whi�h Lender is n�med a d�fendant�in�luding
<br /> App#:5439$48; CIF#:��532fi; Note#:307���� 233MM Legal Dac.f�at�;February'�5,����
<br /> F�RM 5��1,Tru�t❑eed and Assi�nment of R�nts Pag�5 vf�
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