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200304944 <br />claiming under Trustor, and without regard to the value of the trust estate or the interest of the Trustor therein, shall have the <br />right to apply to any court having jurisdiction to appoint a receiver of the property. It is further agreed that in case of default <br />in the payment of the said principal Deed of Trust Note or interest, or any part thereof, as it shall mature, or in the case of <br />failure to keep or perform any of the covenants or agreements contained in this Deed of Trust, then the Beneficiary, its <br />successors or assigns, shall be and is hereby authorized and empowered to take immediate possession of the said premises <br />hereby conveyed and all crops thereon, or to collect the rents therefrom, and to apply the proceeds thereof to the payments of <br />the debt hereby secured. <br />To Have and to Hold the Same, together with all and singular the privileges and appurtenances thereunto belonging: In Trust <br />Nevertheless, that in case of default in the payment of said Deed of Trust Note or any part thereof, or in the payment of the <br />interest thereon, according to the tenor and effect of said Deed of Trust Note, principal or interest, if any, or in case default <br />shall be made in or in case of violation or breach of any of the terms, conditions, covenants, or agreements herein contained, <br />then all sums secured hereby shall immediately become due and payable at the option of the holder of the Deed of Trust <br />Note, and the Trustee may proceed to sell the property in accordance with the Nebraska Trust Deeds Act (Section 76 -1001 et. <br />seq.). Trustee shall receive a fee of One Percent (1 %) of the entire indebtedness then owing to Beneficiary as a fee in <br />exercising the power of sale. <br />And the Trustor covenants and agrees to and with the Trustee, that at the time of the ensealing of and delivery of these <br />presents, he is well seized of the said premises in fee simple and has good right, full power, and lawful authority to grant, <br />bargain, sell and convey the same in manner and form as aforesaid; and that the same are free and clear of all liens and <br />encumbrances whatever and the herein bargained premises in the quiet and peaceable possession of the Trustee against all <br />and every person or persons lawfully claiming or to claim the whole or any part thereof, Trustor shall and will warrant and <br />forever defend. <br />And the Trustor hereby represents and warrants to Beneficiary (i) that the mortgaged premises does not have stored or <br />contained on it any waste, asbestos, oil or petroleum hydrocarbons except as previously disclosed to Beneficiary in writing, <br />pesticides or toxic or hazardous substances or any such materials, including such materials in underground storage tanks, <br />other than those pesticides, herbicides and other agricultural chemicals, or products customarily used in agricultural and <br />commercial operations of the type currently conducted by Trustor on the mortgaged premises; (ii) that Trustor has never been <br />and is not now party to any litigation or administrative proceedings and none is presently threatened, which asserts or alleges <br />that Trustor violated any federal, state or local environmental law, statute, or regulation or the common law of any state <br />pertaining to the condition or use of real property; (iii) that neitherTrustor nor the mortgaged premises is or has been subject <br />to any judgment, decree, order or citation related to or arising out of any federal, state or local environmental law, statute, or <br />regulation; (iv) as to all operations, including but not limited to the use of the pesticides, herbicides, other agricultural <br />chemicals and oil or petroleum hydrocarbons so used in agricultural and commercial operations on the mortgaged premises, <br />Trustor represents and warrants that during all previous times, and in the future times while Beneficiary has a mortgage <br />interest in the mortgaged premises, Trustor has been and will be in compliance with all present and future federal, state and <br />local environmental statutes, regulations, and ordinances and have and will secure and hold all applicable licenses and <br />permits. Trustor shall, if required by Beneficiary, have an engineer satisfactory to Beneficiary perform an environmental <br />investigation of the mortgaged premises including but not limited to soil and ground water analysis if deemed necessary by <br />the engineer, to determine the existence and levels of hazardous substances on the mortgaged premises, and assess <br />compliance with all applicable federal, state and local environmental laws, statutes and regulations. This Deed of Trust is <br />conditioned on the engineer issuing a report prior to closing certifying that his inspection disclosed no evidence that the <br />mortgaged premises contains above surface, surface or subsurface contamination by any hazardous waste, asbestos, oil or <br />petroleum hydrocarbons, pesticides or toxic or hazardous substances as defined in any federal, state or local environmental <br />law, statute or regulation and that the Trustor is otherwise in compliance with the applicable laws, statutes and regulations <br />referred to herein. Trustor hereby further represents and warrants to Beneficiary that it has not caused or permitted and <br />2 <br />