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202507288
<br />18. Payments Due Under This Instrument. Grantor shall pay all obligations to pay money arising
<br />under this instrument upon demand by Lender. Each such obligation shall bear interest from the date the obligation
<br />arises at the Default Rate.
<br />19. Application of Payments or Proceeds. Unless otherwise required by Applicable Law, payments
<br />under the Note or proceeds of the Property (including any Insurance Proceeds or Awards) may be applied to collection
<br />expenses and protective advances, any Late Fee, Prepayment Premiums, interest, principal, and other amounts due to
<br />Lender in such order as determined by Lender in its sole discretion.
<br />20. Conforming Changes. Grantor will cooperate, adjust, initial, re -execute and redeliver any of the
<br />Loan Documents, including, but not limited to any one or more promissory note(s), deed(s) of trust, real estate
<br />mortgage(s), security agreements, deeds, affidavits and closing statements, if deemed necessary or desirable in the
<br />sole discretion of Lender in order to consummate or complete the Loan Documents or other documents to correct any
<br />errors in the documents, or to perfect Lender's interest in the Property.
<br />21. Events of Default and Remedies.
<br />(a) Events of Default. The following each shall be an event of default under this instrument (an "Event
<br />of Default"):
<br />(i) an "Event of Default" as that term is defined in the Note or the other Loan Documents;
<br />(ii) a Prohibited Transfer;
<br />(iii) any other default beyond applicable notice and grace periods in the payment or performance of
<br />Grantor's obligations under this instrument; or
<br />(iv) if Grantor is in default beyond applicable notice and grace periods under any other mortgage, deed
<br />of trust, deed to secure debt or other security agreement covering any part of the Property, whether
<br />it be superior or junior in lien to this instrument.
<br />(b) Remedies. At any time after an Event of Default, Lender may invoke any and all of the rights and
<br />remedies described in this instrument or the Note or as permitted by Applicable Law (all of such rights and remedies
<br />are cumulative, and the exercise of any one or more of them does not constitute an election of remedies), including
<br />without limitation:
<br />(i) Acceleration. Lender may declare any or all of the Secured Obligations to be due and
<br />payable immediately.
<br />(ii) Receiver. Lender may, to the extent permitted by Applicable Law, make an ex parte
<br />application to any court of competent jurisdiction, and obtain appointment of, a receiver, trustee, liquidator
<br />or conservator of the Property, without notice, without giving bond, and without regard for the adequacy of
<br />the security for the Note and without regard for the solvency of Grantor, any Guarantor, or of any Person
<br />liable for the payment of the Note. GRANTOR HEREBY WAIVES NOTICE OF THE APPLICATION
<br />FOR, AND CONSENTS TO THE APPOINTMENT OF A RECEIVER, TRUSTEE, LIQUIDATOR OR
<br />CONSERVATOR OF THE PROPERTY AND GRANTOR AGREES TO NOT OPPOSE SUCH
<br />APPOINTMENT.
<br />(iii) Entry. To the extent permitted by Applicable Law, Lender, in person, by agent or by court -
<br />appointed receiver, may enter, take possession of, manage and operate all or any part of the Property, and
<br />may also do any and all other things in connection with those actions that Lender may consider necessary
<br />and appropriate to protect the security of this instrument. Such other things may include: taking and
<br />possessing all of Grantor's or the then owner's books and records; entering into, enforcing, modifying, or
<br />canceling leases on such terms and conditions as Lender may consider proper; obtaining and evicting tenants;
<br />fixing or modifying rents; collecting and receiving any payment of money owing to Grantor; completing any
<br />unfinished construction; and/or contracting for and making repairs and alterations. If Lender so requests,
<br />Grantor will assemble all of the Property that has been removed from the Land and make all of it available
<br />Nebraska - Deed of Trust
<br />FAMC Loan No. 40011414
<br />Originator Loan No. 4(1(111414
<br />10 ©Federal Agricultural Mortgage Corporation
<br />251418521221 [Doc Id 2101 M 120920251
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