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201703416
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201703416
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Last modified
7/3/2017 5:40:33 PM
Creation date
5/23/2017 4:29:10 PM
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DEEDS
Inst Number
201703416
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201703416 <br />The lawful rate shall be whatever Nebraska law allows in such circumstances at the time of <br />default in any covenant or agreement. <br />7. Forbearance Not a Waiver: Any extensions or modifications of the debt herein granted <br />by Lender to any successor in interest of Borrower, shall not operate to release the liability of the <br />original Borrower or Borrower's successors in interest. Any forbearance by lender in exercising <br />any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy; <br />because the Lender has the right to declare when a default occurs according to the terms of this <br />DOT. <br />8. Environmental Compliance: Borrower shall comply with all federal, state and local <br />environmental laws, ordinances, rules, requirements, regulations and publications as now <br />existing or hereafter existing, amended, supplemented or supplanted relating to the preservation <br />of the environment or the regulation or control of toxic or hazardous substances or materials. <br />Borrower hereby warrants and represents to Lender that there are no toxic or hazardous <br />substances or materials on or under the Property. Borrower does hereby indemnify and hold <br />Lender harmless, and any successors to Lender's interest, from and against any and all claims, <br />damages, losses and liabilities arising in connection with the presence, use, disposal or transport <br />of any substance the subject of any environmental law, regulation or control of toxic or <br />hazardous substances or materials on, under, from or about the property. This indemnity shall <br />survive reconveyance of the property secured by this DOT. <br />9. Use & Preservation of Property: Borrower shall use the Property for lawful purposes <br />only; and shall not substantially change the Property, allow the Property to deteriorate, or <br />commit or permit waste. Borrower shall comply with all laws and regulations applicable to the <br />use of the Property, and shall maintain the improvements thereon in good repair. <br />10. Inspection: Lender or Lender's agents may make reasonable entries on the Property for <br />purposes of inspection. <br />11. Transfer of Property: Borrower enters into this agreement with responsibility owed to <br />the Lender, and on the basis of the amicable relations which have previously existed between <br />Lender and Borrower with respect to the subject Property. Should Borrower desire to sell or <br />encumber the subject Property or any part thereof, Borrower shall forthwith obtain the consent of <br />Lender to such sale or encumbrance while any sums remain due on the Note secured by this <br />Deed of Trust. Should Borrower sell or encumber any part of the subject Property or any interest <br />therein to any third party, or enter into an agreement to sell, encumber, or create an interest in a <br />third person in the Property without the consent of Lender, other than the granting of a farm lease <br />to a third party or the granting of an oil, gas, or other mineral lease on any part of the premises, <br />or should Borrower permit any part of the subject premises or any interest therein to become <br />subject to a lien of any kind without the consent of Lender, Lender, at the Lender's option, can <br />declare the entire indebtedness remaining due and unpaid secured hereby immediately due and <br />payable, and exercise any remedies available under the provisions of this DOT. This provision <br />shall not apply to Borrower's grant of a farm lease to a third party or Borrower's grant of an oil, <br />gas, or other mineral lease to a third party. <br />
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