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202507285
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12/23/2025 3:54:10 PM
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DEEDS
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202507285
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20250728! <br />or other communications regarding any event described in clauses (v)(A) through (E) above; (vii) except as <br />specifically disclosed to Lender in writing, prior to the date of this instrument, Grantor shall not allow to exist on, <br />under, or about the Land any underground storage tanks; and with respect to such underground storage tanks, <br />previously disclosed to Lender in writing, all such underground storage tanks shall be operated and maintained in <br />accordance with all Environmental Laws; and (viii) upon an Event of Default, then without any notice or further action <br />Lender may in its sole discretion enter the Land to perform or have performed investigation of the Land for the <br />presence of Hazardous Substances. Such investigation may include but is not limited to the conduct of a Phase 1 <br />and/or Phase 11 Environmental Report including any surface or subsurface sampling and analysis of soil, groundwater, <br />sediment and/or surface water. Grantor shall cooperate fully with Lender with respect to any such investigation by <br />Lender. <br />(c) Environmental Reports. If Lender has received information indicating a reasonable possibility of <br />the presence of Hazardous Substances on the Land in violation of Environmental Laws, Grantor shall provide at its <br />sole cost and expense within 20 days after written request by Lender, a report from a qualified engineering firm or <br />other qualified consultant acceptable to Lender with respect to an investigation and audit of the Land as deemed <br />necessary by the consultant to enable the consultant to report that there is no apparent or likely Hazardous Substances <br />on the Land; and Grantor shall, if deemed reasonably necessary to further investigate suspected or likely <br />contamination, provide Lender with supplemental reports by acceptable qualified consultants of the analysis which <br />may include surface and subsurface sampling and analysis of soil, sediment, surface water and/or groundwater from <br />the Land, showing no Hazardous Substances (any such audit, and any supplemental reports, an "Environmental <br />Report"). If Grantor does not comply with the requirements of this Section within such 20-day period, or such <br />additional time as Lender shall agree to in writing, or if Lender is not reasonably satisfied with the results of any of <br />the conclusions in the Environmental Report, then Lender may perform or cause to be performed such additional <br />investigations (including surface and subsurface testing of soil, groundwater, surface water and sediment) as Lender <br />deems appropriate. Grantor consents to Lender entering the Land to the extent required to perform and to Lender <br />performing such additional investigations, without the need for further action. <br />(d) Remedial Work. If any Environmental Cleanup is deemed by Lender to be necessary pursuant to <br />Environmental Laws or with respect to an Environmental Claim, Grantor shall within 30 days after written demand <br />for performance thereof by Lender (or such shorter period of time as required under Applicable Law), begin and <br />thereafter complete, all such Remedial Work. All Environmental Cleanup work shall be approved in advance in <br />writing by Lender. All Costs and Expenses related to any Environmental Cleanup, including Costs and Expenses <br />incurred by Lender in connection with monitoring or review of such Environmental Cleanup, shall be paid by Grantor. <br />If Grantor fails to promptly commence or fails to complete such Environmental Cleanup, Lender may, but shall not <br />be required to, cause such Environmental Cleanup to be performed and all Costs and Expenses shall become an <br />Environmental Claim hereunder. If there is an emergency, Grantor shall immediately commence the Environmental <br />Cleanup and thereafter give immediate notice to Lender. Nothing herein shall create any obligation on Lender for an <br />Environmental Cleanup. <br />(e) INDEMNIFICATION. GRANTOR SHALL DEFEND, INDEMNIFY AND HOLD LENDER <br />PARTIES HARMLESS AGAINST ANY AND ALL LOSSES AND OTHER COSTS AND EXPENSES AND <br />EXPENSES OF ANY KIND OR NATURE WHATSOEVER THAT MAY BE IMPOSED ON, INCURRED <br />BY, OR ASSERTED AGAINST THE LENDER PARTIES BASED ON AN ENVIRONMENTAL CLAIM; <br />EXCEPT THAT GRANTOR SHALL HAVE NO OBLIGATION TO A LENDER PARTY UNDER THIS <br />SECTION WITH RESPECT TO LOSSES AND OTHER COSTS AND EXPENSES RESULTING FROM <br />THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF A LENDER PARTY AS DETERMINED <br />BY A COURT OF COMPETENT JURISDICTION. IF AND TO THE EXTENT THAT ANY INDEMNITY <br />UNDER THE LOAN DOCUMENTS IN FAVOR OF LENDER PARTIES IS UNENFORCEABLE FOR ANY <br />REASON, GRANTOR SHALL MAKE THE MAXIMUM CONTRIBUTION TO THE PAYMENT ANI) <br />SATISFACTION THEREOF WHICH IS PERMISSIBLE UNDER APPLICABLE LAW. THIS INDEMNITY <br />SHALL SURVIVE THE REPAYMENT OF THE LOAN AND RELEASE OR RECONVEYANCE OF THIS <br />INSTRUMENT. <br />Nebraska - Deed of Trust <br />FAMC Loan No. 40011191 <br />Originator Loan No. 40011191 <br />15 ©Federal Agricultural Mortgage Corporation <br />251518151204 [Doc Id 2101 M120920251 <br />
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