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2025 07288
<br />Obligations; and
<br />(iv) any of the foregoing that arises after the filing of a petition by or against Grantor under an insolvency
<br />or bankruptcy proceeding.
<br />(b) Future Secured Obligations. The Secured Obligations include future advances made by Lender for
<br />any purpose, and all other future Secured Obligations. Those future advances and other future Secured Obligations,
<br />together with interest thereon, are secured by this instrument to the same extent as if made or incurred on the date of
<br />this instrument, and have priority as to third Persons with or without actual notice from the time this instrument is
<br />filed for record as provided by Applicable Law. The total amount of indebtedness secured by this instrument may
<br />decrease or increase from time to time. Nothing in this instrument will constitute a commitment to make additional
<br />or future advances in any amount.
<br />(c) Variable Rate. The Secured Obligations may be subject to terms which permit or provide that the
<br />interest rate, payment terms, or balance due be indexed, adjusted, renewed or renegotiated.
<br />(d) Maximum Amount. The Secured Obligations shall not exceed an amount equal to two times the
<br />original principal amount of the Loan as stated above, plus (i) unpaid accrued interest on the Loan, (ii) any
<br />disbursements made for the payment of taxes, levies or insurance on the Property, with interest on those
<br />disbursements, (iii) any increase in the principal balance as the result of negative amortization or deferred interest,
<br />(iv) any protective or other advances made by Lender, or (v) Grantor's liability to Lender under the terms and
<br />provisions of this instrument, relating to Environmental Claims.
<br />(a) Maturity Date. The scheduled maturity date of the Note is January 1, 2056.
<br />(b) Unsecured Obligations. Notwithstanding anything to the contrary in this instrument, the Secured
<br />Obligations do not include any indebtedness liabilities and obligations of Borrower or Grantor under the terms of a
<br />guaranty or other instrument or agreement which expressly states that it is not secured by this instrument.
<br />5. Warranty of Title. Grantor represents and warrants that, other than the Permitted Encumbrances,
<br />Grantor lawfully possesses and holds fee simple title to all of the Land and Improvements; and that Grantor has the
<br />right, power and authority to mortgage, grant, convey and assign the Property. Grantor especially agrees and declares
<br />that the separate estate of each of them, whether vested, contingent or in expectancy, is hereby conveyed and shall be
<br />bound for the payment and performance of the Secured Obligations. The term "Permitted Encumbrances" means
<br />such prior encumbrances acceptable to the Lender in its sole discretion as reflected in the lender's policy of title
<br />insurance insuring this instrument in form and substance acceptable to Lender.
<br />6. Prohibited Transfers. Grantor shall not make or permit any Prohibited Transfer. "Prohibited
<br />Transfer" means: (a) any sale, contract to sell, conveyance, encumbrance, pledge, mortgage, deed of trust, grant of
<br />a lien or a security interest, lease of the Property, or other transfer of all or any material part of the Property or any
<br />interest in it, including any transfer of mineral rights, water rights, whether voluntary, involuntary, by operation of
<br />law or otherwise; (b) the entry of any judgment against the Grantor; (c) if Grantor is a corporation, any transfer or
<br />transfers of shares of the voting power or the direct or indirect beneficial ownership of Grantor; (d) if Grantor is a
<br />partnership, withdrawal or removal of any general partner, dissolution of the partnership under any Applicable Laws,
<br />or any transfer or transfers of the partnership interests; (e) if Grantor is'a limited liability company, withdrawal or
<br />removal of any managing member, termination of the limited liability company or any transfer or transfers of the
<br />voting power or the ownership or membership interest in the Grantor; or (f) if Grantor is a trust, withdrawal or removal
<br />of any trustee or revocation of the trust.
<br />7. Taxes, Assessments and other Impositions.
<br />(a) At Lender's option, Grantor shall pay a one-time charge for a real estate tax verification and/or
<br />reporting service used by Lender in connection with this Loan.
<br />(b) Grantor shall pay prior to delinquency all taxes, levies, charges and assessments imposed by
<br />Applicable Law or any public or quasi -public authority or utility company which are (or if not paid, may become) a
<br />Nebraska - Deed of Trust
<br />FAMC Loan No. 40011414
<br />Originator Loan No. 40(111414
<br />6 ©Federal Agricultural Mortgage Corporation
<br />251418521221 [Doc Id 2101 M I2092025l
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