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2025 07285
<br />(a) If Grantor is comprised of more than one Person, each such Person is jointly and severally obligated
<br />under this instrument. This means that Lender may enforce its rights under this instrument against each Person
<br />constituting Grantor individually or against all of those Persons together. EACH GRANTOR EXPRESSLY WAIVES
<br />ANY REQUIREMENT THAT LENDER EXHAUST ANY RIGHT, POWER OR REMEDY AND PROCEED
<br />AGAINST ANY OTHER GRANTOR UNDER THIS INSTRUMENT OR ANY OTHER LOAN DOCUMENT, OR
<br />AGAINST ANY OTHER PERSON UNDER ANY GUARANTY OF, OR SECURITY FOR, ANY OF TI-IE
<br />SECURED OBLIGATIONS.
<br />(b) Any Grantor who is a married Person signs this instrument on his or her own behalf and on behalf
<br />of Grantor's marital community, if any and agrees that recourse may be had against community assets, if any, and
<br />against Grantor's separate property for the satisfaction of all Secured Obligations.
<br />25. Trustee. From time to time, Lender may substitute a successor to any Trustee named in or acting
<br />under this instrument in any manner now or later to be provided at Applicable Law, or by a written instrument
<br />executed and acknowledged by Lender and recorded in the office(s) of the recorder(s) of the county or counties where
<br />the Land is situated. Any such instrument is conclusive proof of the proper substitution of the successor Trustee,
<br />who will automatically upon recordation of the instrument succeed to all estate, title, rights, powers and duties of the
<br />predecessor Trustee, without conveyance from it. Grantor waives any requirement that Trustee make an oath or give
<br />a bond. Trustee, or any one acting in its stead, may, employ agents and attorneys in the execution of this trust and/or
<br />in the conducting of any sale made pursuant to the terms hereof, and pay for such services rendered out of the proceeds
<br />of the sale of the Property; and if there is no sale or if the proceeds of sale are insufficient to pay for such services,
<br />then Grantor will pay the cost of such services to Trustee. Trustee may rely on any document believed by it in good
<br />faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust,
<br />but except to the extent otherwise required by Applicable Law, need not be segregated; and Trustee will not be liable
<br />for interest thereon.
<br />26. Sale of Note. Lender's rights, title and interest in the Note, this instrument and the other Loan
<br />Documents may sold or otherwise transferred without any consent or any prior notice to Grantor. Without limitation,
<br />Borrower acknowledges the Loan is being made by Lender with the expectation that Lender will sell the Loan to the
<br />Federal Agricultural Mortgage Corporation ("Farmer Mac"), and that in connection therewith, this instrument and
<br />the other Collateral Documents will be assigned to Farmer Mac. Upon such sale, all references herein and the other
<br />Loan Documents to "Lender" shall refer to and mean the Farmer Mac, as Lender.
<br />27. Notices. All notices, requests, approvals, consents, and other communications, under this
<br />instrument ("Notices") must be in writing and mailed or delivered to the address specified herein. All Notices will
<br />be deemed to be given or made upon the earlier to occur of: (i) actual receipt by the intended recipient; or (ii) (A) if
<br />delivered by hand or by courier, upon delivery; or (ii) if delivered by mail, four Business Days after deposit in the
<br />U.S. mail, properly addressed, postage prepaid; except that notices and other communications to Lender will not be
<br />effective until actually received by Lender. Notices must be mailed or delivered, if to Trustee, to 540 Cottonwood,
<br />David City, NE 68632, if to Lender, if prior to a sale of the Note and assignment of this instrument, to 540 Cottonwood,
<br />David City, NE, 68632, if to Lender subsequent to a sale of the Loan to Farmer Mac, to 9169 Northpark Dr, Johnston,
<br />IA 50131, and if to Grantor, to the address adjacent Grantor's signature below. Any Party hereto may change its
<br />address for purposes of Notices by giving a Notice in accordance with this section. If any notice required by this
<br />instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding
<br />requirement under this instrument.
<br />28. Governinz Law. This instrument shall be governed, construed, applied and enforced in accordance
<br />with the laws of the State of Nebraska, without regard or reference to its conflict of laws principles, provided, however
<br />that if any Property comprising real property is located in a state other than Nebraska, the perfection, priority and
<br />procedures for enforcement of liens on such real property will be governed by the Applicable Laws of the state where
<br />that real property is located.
<br />29. Severability. All rights and obligations contained in this instrument are subject to any requirements
<br />and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract
<br />Nebraska - Deed of Trust
<br />FAMC Loan No. 40011191
<br />Originator Loan No. 40011191
<br />13 ©Federal Agricultural Mortgage Corporation
<br />251518151204 [Doc Id 2101 M 12092025l
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