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� � 2� 17�2481
<br /> permits are in good standin�, and Trustor is in campliance with alI ma�erial terms and condi�ions of such
<br /> environmental permits; neither T�ustor nor any of its present Property or operations �s subject fa any
<br /> ou�s�anding written ord�r from or agreemen�wifh any go�ernmen�al au�hvrity or subjecf ta any judiciai or
<br /> docke�ed administrafi�e proceeding, respecting any environmen�a� Iaw, environmen�al claim ar
<br /> ha�ardaus ma�erial; �here are no hazardous ma�erials �r other candit�ons or circums�ances �xisting, or
<br /> arrsing from operations prior to the da�e af this �rus� deed, wi�h �esp�c� to any Property af Trus�vr�ha�
<br /> wou�d reasona�ly be expected to�ive rise to ma�erial enWi�onmental cla�ms. ln addition,Trustor shal� ho�d
<br /> Lender harmless from any Iiabiii�y for environmen�al wa��e �r contamination on any Praperty own�d ar
<br /> ope�ated by Trustor or liabili�y imposed as a consequence by reasan of Trustor's activi�res and will defend
<br /> and indemnify Lend�r against a[i cla�ms, losses, Iiabilities, and expens�s lncurred by Lender as a r�sult
<br /> thereaf. Thls covenant wi[[ sunrive canceIlation, expiratian or terminafi�on of�his�rust deed.
<br /> �. Each of�he follvwing shall cnns�r�ute an even�of defau�t:
<br /> a� Fai[u�e to make any paymenf when du� under any L�an Do�umen�ar o�her�bliga�ion secured by
<br /> �his�rust deed.
<br /> b. Fai�ure �o pay any liens, judgmenfs, assessmen�s, taxes, rents, fees, or cha�ges v� maintain any
<br /> insuranc� on the Proper�y, buildings, fixtures, at�achm�nts, o� imp�o�rements as provided In �h`rs �rust
<br /> deed, or in any a�her Loan Documen�.
<br /> c.Any b��a�h or ma�eria� misr�pr�sen�a�ian vf any�erm, agreement, covenan�, condit`ron, cert�f�ca�ian,
<br /> representa�ion or warran�y as pr�ovided in this�rust deed, or any a�her Loan ❑ocumen�.
<br /> d. Sale, transfer, or con�eyance of �he Praperty described herein withoufi prror wrE�en cvnsen� of
<br /> Lender. .
<br /> e. Any us� af Ivan proceeds fo� a purpose �ha� will con��ibute to excessi�e erosion if h�ghiy erodibfe
<br /> land or to the conversron af wetlands�a praduce or�❑ make possi�l�the praduc�ion of an agricuitural
<br /> commod��y, as pro�ided by 7 �FR Part 12.
<br /> f. The dea�h, dissvlu�ion or insa[vency of any Trus��r; fihe appoin�ment of a rece`rve�for any Trus�vr�or
<br /> fiheir Prvperty; any asslgnment f�r�he benefif of cred�tors by �he Trustor; or applrca�ian of any d�btor
<br /> re[lef la`rv �o Trus�or, inciuding any �ype of warkou� vr commencement af proceeding under any
<br /> bankruptcy or insvlvency laws by or agains�any Trus�or�or B�rr��rver an any Laan Documenfi or ofher
<br /> �laliga�ion secured by�hrs�rust deed.
<br /> g, Any of �he pr�ceding even�s occurs wi�h respect �a any guarantor, endorser, surety, or
<br /> accommvda�ivn party of any o��he Dbliga��ons or any guarantor, endvrser, sur��y, or accommoda�ian
<br /> party dies or�becames Encompe�en�, or rev�kes or dispufes the va[idifiy of, ar liabili�y under, any guaran�y
<br /> af the �bligations.
<br /> 7. ln �he ��ent of a defauit and a�any �Em�thereafter, Lender, a� i�s op�ion, subjec��o any requiremen�s
<br /> under� �he Farm �redi� Act or o�her applicabl� federaC or s�a�e [aw, may ex�rcise one or mvre af the
<br /> fallowing rights and remedies, in addition to any o�h�r righ�s ar remedies permi�ted by �aw:
<br /> a. Declare al� �bliga�ions secur�� hereby ta be immedia�ely due and payable and �he whole wlll bea�
<br /> in�eres�a�the defauffi ra�e as pro�ide� in�he Loan Dacum�n�s.
<br /> b. Lender may immedra�ely au�harize Trusfiee �o exercise �he p�wer af saie gran�ed here�n in the
<br /> manner pr��ided in �he Ne�raska Trust Deeds A�t, or, a�the option of�he Lender, may fareclose the
<br /> �rus� deed in fhe manner proWided �y lavtir f�r�he forec�osu�e af mortgages on r�al property, including
<br /> �he appoln�m�nt of a recel�er upon ex parte a�piication, noti�e being hereby expr�ssly waiWed, wi�hau�
<br /> regard to the value af the praperty ar fhe sufficiency �hereof to discharge �he ind�btedness se�ured
<br /> hereby or in�he Loan Documen�s.
<br /> Shouid Lender e�ect�o exe�cis� the pow�r of sale granted herein, Lend�r wilI notify T�ustee �rha wi[[
<br /> record, pu�lish, and de�i�er to Trus�or�s} such No�ice af D�fault and Nofilc�vf Sa[e as th�n required by
<br /> Ia`rv and Uvili in the manner prvvided by iaw, sell �he property afi�he tim� and place af sale fi�ced in �he
<br /> no�ice af sale, ei�her as a whale vr in separate lots, parcels, or i�ems and �n such order as Trus�ee�r�ll
<br /> deem expedient. Any person may bid at fihe saCe including Trus�or, Trus�ee, or Lender.
<br /> �. Lender, ei�her in person ar by agent, vvith ar wi�hout bringing any acflan or proceed'rng and v�rath or
<br /> without regard �a �he Wa�ue �f �he Pr�operty ar �he sufficiency �hereaf to discharge �he �biigati�ns
<br /> secu�ed hereby, is au�horized and enti�led�o enter upon and take passession of�he Prvp�rty in its own
<br /> name or ln the name of the Trus�ee and do any ac�s or expend any sums it deems necessary a�
<br /> desirable to pro�ect or p�eserve�he vaIue af�he Property or any interest�here�n, �r inc�eas�the rncome
<br /> the�efrom; and with o�v�v��hau�taking possessian of the Property is authorized �o sue for or�therwise
<br /> calIect the rents, issues, crops, profits, and inc�me thereof, inciuding those pas�du� and unpald, and
<br /> apply the sam� up�n any �bCigations secured hereby or in the Loan Dacumen�s.
<br /> App#:545�703; CIF#:3827�; Note#:3�78246 ���SQ Legal Doc.Da�e:April�9,20�7
<br /> F�RN!5��'[,Trust Deed and Assignmenf af Rents Page 5 of 8
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