Laserfiche WebLink
Loan No: Eldred224 <br />DEED OF TRUST <br />'Continued) <br />202205427 <br />Page 2 <br />Compliance with Environmental Laws. Grantor represents and warrants to Lender that: (1) During the period of <br />Grantor's ownership of the Property, there has been no use, generation, manufacture, storage, treatment, disposal, <br />release or threatened release of any Hazardous Substance by any person on, under, about or from the Property; (2) <br />Grantor has no knowledge of, or reason to believe that there has been, except as previously disclosed to and <br />acknowledged by Lender in writing, (a) any breach or violation of any Environmental Laws, (b) any use, <br />generation, manufacture, storage, treatment, disposal, release or threatened release of any Hazardous Substance on, <br />under, about or from the Property by any prior owners or occupants of the Property, or (c) any actual or threatened <br />litigation or claims of any kind by any person relating to such matters; and (3) Except as previously <br />disclosed to and acknowledged by Lender in writing, (a) neither Grantor nor any tenant, contractor, agent or other <br />authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or release any Hazardous <br />Substance on, under, about or from the Property; and (b) any such activity shall be conducted in compliance with <br />all applicable federal, state, and local laws, regulations and. ordinances, including without limitation all <br />Environmental Laws. Grantor authorizes Lender and its agents to enter upon the Property to make such <br />inspections and tests, at Grantor's expense, as Lender may deem appropriate to determine compliance of the <br />Property with this section of the Deed of Trust. Any inspections or tests made by Lender shall be for Lender's <br />purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Grantor or <br />to any other person. The representations and warranties contained herein are based on Grantor's due diligence in <br />investigating the Property for Hazardous Substances. Grantor hereby (1) releases and waives any future claims <br />against Lender for indemnity or contribution in the event Grantor becomes liable for cleanup or other costs under <br />any such laws; and (2) agrees to indemnify and hold harmless Lender against any and all claims, losses, liabilities, <br />damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from a breach <br />of this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, <br />release or threatened release occurring prior to Grantor's ownership or interest in the Property, whether or not the <br />same was or should have been known to Grantor. The provisions of this section of the Deed of Trust, including <br />the obligation to indemnify, shall survive the payment of the Indebtedness and the satisfaction and reconveyance <br />of the lien of this Deed of Trust and shall not be affected by Lender's acquisition of any interest in the property, <br />whether by foreclosure or otherwise. <br />Nuisance, Waste. Grantor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any <br />stripping of or waste on or to the Property or any portion of the Property. Without limiting the generality of the <br />foregoing, Grantor will not remove, or grant to any other party the right to remove, any timber, minerals (including <br />oils and gas), coal, clay, scoria, soil, gravel or rock products without Lender's prior written consent <br />Removal of Improvements. Grantor shall not demolish or remove any Improvements from the Real Property <br />without Lender's prior written consent. As a condition to the removal of any Improvements, Lender may require <br />Grantor to make arrangements satisfactory to Lender to replace such Improvements with Improvements of at least <br />equal value. <br />Lender's Right to Enter. Lender and Lender's agents and representatives may enter upon the Real Property at all <br />reasonable times to attend to Lender's interests and to inspect the Real Property for purposes of Grantor's compliance <br />with the terms and conditions of this Deed of Trust. <br />Compliance with Governmental Requirements. Grantor shall promptly comply with all laws, ordinances, and <br />regulations, now or hereafter in effect, of all governmental authorities applicable to the use or occupancy of the <br />Property. Grantor may contest in good faith any such law, ordinance, or regulation and withhold compliance during <br />any proceeding, including appropriate appeals, so long as Grantor has notified Lender in writing prior to doing so <br />and so long as, in Lenders sole opinion, Lender's interests in the Property are not jeopardized. Lender may require <br />Grantor to post adequate security or a surety bond, reasonably satisfactory to Lender, to protect Lender's interest. <br />Duty to Protect. Grantor agrees neither to abandon nor leave unattended the Property. Grantor shall do all other <br />acts, in addition to those acts set forth above in this section, which from the character and use of the Property are <br />reasonably necessary to protect and preserve the Property. <br />DUE ON SALE - CONSENT BY LENDER. Lender may, at Lender's option, declare immediately due and payable <br />all sums secured by this Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or any <br />part of the Real Property, or any interest in the Real Property. A "sale or transfer" means the conveyance of Real <br />Property or any right, title or interest in the Real Property; whether legal, beneficial or equitable; whether voluntary or <br />involuntary; whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold <br />interest with a term greater than three (3) years, lease -option contract, or by sale, assignment, or transfer of any <br />beneficial interest in or to any land trust holding title to the Real Property, or by any other method of conveyance of <br />an interest in the Real Property. However, this option shall hot be exercised by Lender if such exercise is prohibited <br />by federal law or by Nebraska law. <br />