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2� 17�21 �9
<br /> Trustor has �b�ained and wil� mainfain a11 licenses, permits, autharizat�ans and �egistra�ions required
<br /> under any en�ironmental law and necessary �or its ar�inary course aperations, a�I such en�ir�nmental
<br /> p�rmits are in go�d s�anding, and Trustar is �n complian�e with aIl ma�erial �erms and �onditions of such
<br /> en�ironmental permi�s; n�i�her T�ustar nor any �f i�s pre�ent Prvp�rty ar �pera�ians is subject �o any
<br /> au�sfanding writ�en order from or agreemen�vvith any g��ernmen�al authori�y or subjec�ta any judicia� ar
<br /> dackefed adm�nis�ra�ive proceeding, respecting any environmental law, environm�n�al claim or
<br /> ha�ardaus m�te�ia�; ther� are no ha�a�dous mafer�als o�other con�itians �r circumstances exis�ing, or
<br /> ar�s�ng from oper�a�ions priar f� �he date a�this �rus� deed, with respect t� any Property of Trus�or�ha�
<br /> wouid reasanably be expec�ed to giWe rise�a mat�rial enviranmen�aI clalms. In addlf�on,Trustor shall hnld
<br /> Lender harmless fram any Iiabiiity for en�ironmen�aE was�e ar contamination vn any Praperty owned ar
<br /> �perated by Trustar or liability imposed as a consequenc�by reason�f Trus�or's ac�ivi�ies and w��f de�end
<br /> and indemnify Lender agains�al1 claims, Iosses, liabi[ities, and ex�enses in�urred by Lender as a �esul�
<br /> thereof. This co�enant will survi�e cancellation, expirat�on or termination of th�s trus�t deed.
<br /> G. Each of�h�faIlowing shail �ons�itu�e an event af defaul�:
<br /> a. Failure �o make any paymenf when due under any Laan Dacumen�or other �bliga�i�n s�cur�d by
<br /> �his�rusfi deed.
<br /> b. Failure �o pay any liens, judgments, assessments, �axes, rents, fees, o� charg�s or maintain any
<br /> insurance vn the Praperty, buildings, fixtures, attachmen�s, or improvemen�s as pravided in this �ru��
<br /> deed, ❑r in any other Lvan Dvcumen�.
<br /> c.Any breach ar ma�erial misrepresen�a�ion of any�erm, agreemenf, covenan�, conditian, certificafian,
<br /> representafion or�rvarran�y as p�ovided �n�his frust deed, ar any ather Laan Document.
<br /> d. Saie, transfer, �r conveyance ❑f the Pro�erty descrRbed herein w��haut p�ior writfen consent af
<br /> Lender.
<br /> e. Any use vf loan pr��eeds far a purpvse tha� wilE Gon�ribute ta excessi�e erosion if high[y eradible
<br /> iand ❑r�o the conversion ❑f we�iands�a produce ar�o make posslbie the produc�ion af an agricul�ural
<br /> commodi�y, as p�o�id�d by 7�FR Part ��.
<br /> f. The dea�h, disso[u�ion or insofvency of any Trust�r; �h� appain�ment of a receive�far any Trustar ar
<br /> �he�r Property; any assignment for�h� bene�lt of�redi�ors by the Trusta�; or appiicatiQn ❑f any debta�
<br /> re�ief [avtir to Trustor, inclu�ing any typ� ❑f warkouf or camm�ncement af proceeding under any
<br /> bankrupfcy ar insaEvency laws by ar against any Trus�or o� Borrower on any Loan Docum�n�ar othe�
<br /> �bligation secured by fhis firus�deed.
<br /> g. Any �f the preceding �ven�s o�curs with r�spect ta any guaran�or, endorser, surety, o�
<br /> acc�mmada�ian p�rty of any of the�bliga��ons or any guaranfor, end�rser, surety, ar acGommvda�ion
<br /> party dies or b�c�mes inc�mpe�ent, or�evokes vr d�spufes the va[idity afi, or liab���ty under,any gua�anty
<br /> of the �blrgat�ons.
<br /> 7. In �he e�en��f a defau[� and a�any�ime th�r�af�er, Lender, af its opti�n, subject to any requirements
<br /> under the Farm Cr�di� Act or ath�r appf�cabie federa� or sta�e law, may exerc�se one or more of the
<br /> fallowing rights and remedies, in addition �a any o�he`rights or remedies perm����d by lav�r:
<br /> a. De�lare all �bligations secured hereby �a be immedia�tely due and payable and�h�vtirhole will bear
<br /> in��resfi a��he de�aul�ra�e as pr��ided rn the Laan Documen�s.
<br /> b. Lender may immedEa�ely au�hori�e Trus�ee to exercise �he po�rver of sale g�an�ed hereEn �n the
<br /> mann�r pra�ided in th� Nebra�ka Trus� Deeds Ac�, or, a��he optian �f�he Lender, may forec[ose the
<br /> �rust deed In �he mann�r pravided by law for�he �oreciosure of m�rtgages ❑n r�al property, includin�
<br /> �he appvi�tmenf❑f a r�ceiWer upon ex part�applicativn, notice being hereby expr�ssly waived, wi�hout
<br /> regard �a �he �alue of�he proper�y or �he sufffciency �he�eof�o d�s�harge the �ndebtedness secured
<br /> hereby or rn fihe Lvan Documenfis.
<br /> Should Lend�r el�ct�a ex�rcise the p�wer of sale granted herein, Lend�r`rvi�� natify Trus�ee who will
<br /> recard, publish, and deliver ta Trus�ar�s} such Notice of aefaul�and Noti�e of 5ale as then required by
<br /> law and will in �h� manner provided by Iaw, sell �he proper�y at the fEme and place af saie fixed in fhe
<br /> notice of sale, eifher as a wh�1e or�n separa�e lots, parcels, ar i��ms and in such order as Trus�ee w�ll
<br /> deem expedien�. Any person may bid a�the sale including Trus�or, Trus�ee, �r Lender.
<br /> c. Lender, either in persvn or by agen�, with or without bringing any acti�n Qr proc�e�ing and wi�h ar
<br /> withou� regard �o �he Walue of the ProPerty or the suffi�iency thereaf to dis�harge the �bIigations
<br /> secured hereby, is autharized and en�if�ed fa enter up�n and�ake possession of�he Pr�perty in i�s own
<br /> name or in �he name of the Trustee and da any acts ar exp�nd any sums it deems necessary ar
<br /> des�rable�o pratec�or presenre�he value of the Prvperty or any interest therein, ar increase the income
<br /> �herefr�m; and with �r withvut taking possession of�he Prvperty �s author�zed ta sue far or othen�vise
<br /> App#:5442968; CIF#:2437�'1; Note#:�0� 22�SG� Le�a[DvG.I�ate:March�6,���7
<br /> F�RM 501�,Trust Deed and Assignrnent of Rents Page 5 of 8
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