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Is brought under any Bankruptcy laws, Beni
<br />payable and the whole will bear interest at the
<br />the Power of Sale granted herein in the manna
<br />Trust Deed in the manner provided by law for 1
<br />application, notice being hereby expressly w
<br />indebtedness secured hereby or In the loan agr
<br />thereof and any act of Beneficiary waivingg any
<br />sale or foreclosure are Insufficient to pay [he to
<br />balance. and Beneficiary will be entitled to a d
<br />8. Should Beneficiary elect to exercise the P
<br />Trustorls) such Notice of Default and Notice
<br />and place of sale fixed in the Notice of Bale, hit
<br />Any 9. person
<br />reaters) may requests aopy including Trus
<br />addreseleel set forth herein. copy of any
<br />10. Upon default, Beneficiary, either in person
<br />of the property or the sufficiency thereof to dis
<br />of the property in its owe name or in the nam
<br />20020935th
<br />its optionr may declare the entire indebtedness secured hereby to be immediately due
<br />on reel property. Including 1be appointment of a deceiver upon ex
<br />eemennsl. elay by mostrelary In exercising its rights upon extent win not oe construe. as a waiver
<br />specified default will not be construed as a waiver of any future default. If the proceeds under such
<br />Tel indebtedness secured hereby, Trusmrlsl do hereby agree to be personally bound to pay the unpaid
<br />eticiency judgment.
<br />ower of Sale granted herein, Beneficiary will notify Trustee who will record, publish, and deliver to
<br />of Sale as then required by law and will in the manner provided by law, sell the property at the time
<br />her whole or In separate lots, parcels, or Items and in such order as Trustee will deem expedient.
<br />torts), Trustee. or Beneficiary.
<br />Notice of Default or Notice of Sale hereunder to be mailed by certified mail to Trusmrlsl at the
<br />or by agent, with or without bringing any action or proceeding and with or without regard to the value
<br />charge the indebtedness secured hereby, Is authorized and entitled to enter upon and take possession
<br />of the Trustee and do any acts or expend any sums it deems necessary or desirable to protect or
<br />Preserve the value of the property or any Interest therein, or Increase the income theorem, and with or without taking possession of the property
<br />is authorized to sue for or otherwise collect the route, is rugs, profits. and Income thereof, including these past due and unpaidr and apply
<br />the same upon any Indebtedness secured hereby or in the loanca reementub.
<br />No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive of any other remedy herein or by law provided
<br />or ppermitted, but each will be cumulative, will be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity
<br />or by statute, and may be exercised concurrently, independently or successively.
<br />11. Trustorls) acknowledges that the duties and obligations of Trustee will be determined solely by the express provisions of this Trust Deed or
<br />the Nebraska Trust Deeds Act and Trustee will not be liable except fur the performance of such duties and obligations as are specifically set forth
<br />therein, and no implied covenants or obligations will be imposed upon Trustee; Trustee will not be liable for any action by it in good faith and
<br />hospitably believed by it to be authorized or within the discretion or riphts of powers conferred upon it by this Trust Deed or state law.
<br />12. The integrity and responsibility of Fostoria) constitutes a part of the consideration for the obligations secured hereby. Should Trustorls) sell,
<br />transfer, or convey the property described herein, without prior written consent of Beneficiary. Beneficiary, at its option, may declare the entire
<br />indebtedness immediately due and payable and may proceed in the enforcement of its rights as on any other default.
<br />13. Assignment of Rents including Proceeds of Mineral Leases. Trustorls) hereby assigns, transfers, and conveys to Beneficiary all rents, royalties,
<br />bonuses, and delay moneys or other proceeds that may from time to time become due and payable under any real estate lease or under any oil, gas,
<br />gravel, rock, or other mineral lease of any kind includmg geothermal re existing or that may hereafter come Into existence, covering
<br />the property or any part thereof. All such sums so received by Beneficiary will be applied to the indebtedness secured hereby; or Beneficiary, at
<br />its option, may turn over and deliver to Trustorls) or their successors In interest, any or all of such sums without prejudice to any of Beneficiary's
<br />rights to take and retain future sums, and without prejudice to any of its other rights under this Trust Deed, This assignment will be construed to
<br />be a provision for the payment or reduction of the debt, subject to the Beneficiary's option as herembefors provided, independent of the lien on the
<br />property. Upon payment in full of the debt and the Inconvenience of this Trust Deed of record, this assignment will become inoperative and of no
<br />further force and effect.
<br />14. This Trust Dead constitutes a Security Agreement with respect to all the property described herein.
<br />15. The covenems contained in this Trust Deed will be deemed to be severable; in the event that any portion of this Trust Deed is determined to
<br />be void or unenforceable, that determination will not affect the validity of the remaining portions of the Trust Deed.
<br />GLEAAjSON FARMS INC, A/JCorporyation g
<br />BY /��.,.n.C.l� /l., By ni
<br />L A N, President 6EVErtLi `try ^ °`^., °ec rotary
<br />CORPORATE BORROWER ACKNOWLEDGMENT
<br />STATE OF NEBRASKA
<br />COUNTY OF NATT i as
<br />On this 5th day of September 2002 , before me, a Notary Public, personally appeared
<br />Kenneth R. Gleason
<br />to me known to be the person named in and who executad the foregoing instrument, who did say that he /she is president of
<br />the corporation; that the instrument was signed on behalf of the corporation by authority of its board of directors; and acknowledged the execution
<br />of the instrument to be the voluntary act and deed of the corporation by It and by him /her voluntarily executed.
<br />(SEAL) GENERAL NOTARY �
<br />Gffi o/NebNSka at er3ne cute
<br />KATHERINE S. sCHULTE
<br />- MYcomm. ElpMay23,2gg5 (Type name under. signature)
<br />My commission expires Notary Public in and for said County and State
<br />CORPORATE BORROWER ACKNOWLEDGMENT
<br />STATEOF NEBRASKA )
<br />COUNTY OF HALL 1
<br />On this 5th day of September 2002 , before me, a Notary Public, personally appeared
<br />to me known to be the person named in and who executed the foregoing instrument, who did say that l alshe is Secretary of
<br />the corporation; that the instrument was signed on behalf of the corporation by authority of its board of directors; and acknowledged the execution
<br />of the instrument to be the voluntary act and deed of the corporation by it and by him /her voluntarily executed.
<br />GEAU GENERAL NOTARY- GNN of Neblaska
<br />KATRI MNES. SCHULTE Katherine S. Schulte
<br />War". D'D. May 23,2005 /Type name under signature)
<br />My commission expires Notary Public in and for said County and State
<br />Ap ir: 00271005; Primary Customer ID t 00078606; OF A: 83831 Legal Due Data September 05, 2002
<br />FORM 5011, Trust Deed and Assignment of Rents Page 2
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