Laserfiche WebLink
201Q0791i <br />THIS SECOND AMENDED AND RESTATED REAL ESTATE DEED OF TRUST (the <br />"Deed of Trust") dated as of April �, 2010 is inade by COOPERATIVE PRODUCERS, <br />INC., a cooperative cnrporation existing under the laws of the State af Nebraska, as grantor and <br />trustor (hereinafter called the "Grantor"), to CoBank, ACB, as trustee (in such capacity, th� <br />"Trustee"), whase of�ce is located at 11422 Miracle Hills Drive, Sirite 300, Ornaha, Nebraska <br />68154, for the bene�t of CaBank, ACB, a federally chartered instrumentality of the United <br />States, as Agent for itself, the Lenders (as defined in the Credit Agreement (as defined below)) <br />�.nd the Issuers (as defined in the Credit Agreement (as de�ned below)) (in such capacity, <br />hereinafter called "CaBank" or the "Beneficiary"). <br />RECITALS <br />A. The Grantar, Heartland Service Co., Mid-Nebraska Lubricants, LLC, the <br />Sene�ciary, the Lenders and the Issuers have entered into that certain Loan and Security <br />Agreement dated as of March 1 l, 2p09, as amended by that certain First Amendment to Loan <br />and Security Agreernent dated as of June 26, 2009, that certain Second Amendment to Lvan and <br />Security Agreement dated as of December 29, 2009, that certain Third Amendment to Loan and <br />Security Agreement dated as of March 5, 2010, and that certain Fourth Amendrnent to Laan and <br />Security Agreement dated as af April �, 2010 (as so arnended and as the same may be Further <br />arnended, modified, extended, renewed ar restated frorr► time to time, the "Credit AgreemenY'; <br />all capitalized terms used and not otherwise defined an this Deed of Trust shall have the meaning <br />ascribed to them in the Credit Agreement); and <br />B. The Grantor is naw and/or hereafter may becorme otherwise obli�ated or indebted <br />to the Agent, one or more of the Lenders and/or one or more of the Issuers (collectir�ely, the <br />"Secured Creditors"), and one or more of the Secured Creditors may rnake future advances to <br />or for the benefit of the Grantor, and the Grantar may incur future obligations to one or more of <br />the Secured Creditors, whether pursuant to the Credit Agreement, one or more oF the Notes <br />and/or one or more of the other Financing Agreennents (all such evidences of indebtedness or <br />obligations are hereinafter collectively refex to as the "Debt �nstrurnents"); and <br />C. The parties intend that this Deed of Trust shall secure the payment of (a) any and <br />all of the present and future Liabilities (as defined in the Credit Agreement), (b) any and all <br />present and future indebtedness (principal, interest, fees, collection costs and expenses and other <br />amounts), liabilities and abligations of the Grantor to any one or more of the Secured Creditors <br />evidenced by or arising under or in respect of the Credit Agreement, this Deed af Trust and/or <br />any other Debt Instrument and (c) any and all costs of collection, including, without limitati�n, <br />reasonable attorneys' fees and expenses, incurred by any one or more of the Secured Creditors <br />upon the occurrence of an Event of Default under thrs D�ed of Trust, in collecting ox �nfarcing <br />payment of any such indebtedn�ss, liabilities or obligations or in preserving, protecting or <br />realizing on the Trust Estate (as hereinafter defined) under this Deed of Trust or in representing <br />any one ar more of the Secured Creditors in connection with any bankruptcy or insolvency <br />proceedings, all whether now existing or made or incurred after th� date of executian nf this <br />Deed of Trust, in the maximum principal amaunt (exclusive of sums spent far the reasonable <br />protectian of the security of this Deed of Trust, if any) of the Maximum Debt Limit (defined <br />below) (collectiv�ly, the "Indebtedness"); <br />� <br />�. <br />