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201105534
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Last modified
9/14/2011 12:30:34 PM
Creation date
7/27/2011 3:53:48 PM
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DEEDS
Inst Number
201105534
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`� 2011049�3 <br />��m�ECORD �' <br />;� <br />20�.1�5��4� <br />(WITHOUT LIMITATIOl� TI� DETERMINATION OF TI� MAXIM[JM LAWFUL RATE OF INTEREST <br />THAT MAY BE CONTRACTED FOR, CHARGED OR RECEIVED WITH RESPECT TO TI� OBLIGATIONS. <br />Section 6.25 Entire Agreement. The Credit Documents constitute the entire understanding and <br />agreement between Trustor and Beneficiary with respect to the transactions arising in connection with the <br />Obligations and supersede a11 prior written or oral understandings and agreements between Trustor and Beneficiary <br />with respect to the matters addressed in the Credit Documents. Trustor hereby acknowledges that, except as <br />incorporated in writing in the Credit Documents, there are not, and were not, and no persons are or were authorized <br />by Beneficiary to make, any representa.tions, understandings, sripulations, agreements or promises, oral or written, <br />with respect to the matters addressed in the Credit Documents. <br />Section 6.26 Notices. All notices, consents, appmvals, elections and other communications <br />(collectively "Notices") hereunder shall be in writing (whether or not the other provisions of this Deed of Trust <br />expressly so provide) and sha11 be deemed to have been duly given if mailed by United States registered or certified <br />mail, with return receipt requested, postage prepaid, or by United States Express Mail or courier service to the <br />parties at the following addresses (or at such other addresses as shall be given in writing by any party to the others <br />pursuant to this Section 6.26) and sha11 be deemed complete upon receipt or refusal to accept delivery as indicated <br />in the return receipt Qr in the receipt of such Express Mail or courier service: <br />If to Trustor: Aurora Cooperative Elevator Company <br />605 12th Street <br />Aurora, Nebraska 68818 <br />Attention: Robert Brown <br />If to Lender: Metropolitan Life Insurance Company <br />Agricultural Investments <br />10801 Masrin Blvd., Suite 930 <br />Overland Park, KS 66210 <br />Attention: Director <br />ARTICLE 7 - NON-UNIFORM COVENANTS <br />Section 7.1 Request for Notices. Each party to this Deed of Trust requests that a copy of any notice <br />of default or any other notice of sale or any other notices that may be given pursuant to this Deed of Trust or <br />otherwise be sent to the party at the address set forth herein, as provided by the Nebraska Trust Deeds Act. <br />Section 7.2 Yndemnification of Trustee. Except for gross negligence and willful misconduct, <br />Trustee shall not be liable for any act or omission or error of judgmenf. Trustee may rely on any document believed <br />by it in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be <br />held in trust, but need not be segregated (except to the extent required by law), and Trustee shall not be liable for <br />interest thereon. Trustor shall protect,. indemnify and hold harmless Trustee against all liability and expenses which <br />Trustee may incur in the performance of its duties hereunder. <br />Section 7.3 Actions by Trustee. At any time, or from time to tune, without liability therefor and <br />without notice, upon written request of Beneficiary and presentation of this Deed of Trust and the Note for <br />endorsement, and without afFecting the personal liability of any person for payment of the Obligations or the effect <br />of this Deed of Trust upon the remainder of the Mortgaged Property, Trustee may take such actions as Beneficiary <br />may request and which are permitted by this Deed of Trust or by applicable law. <br />Section 7.4 Substitution of Trustee. Beneficiary has the power and shall be enritled, at any time and <br />from time to time, in its sole discretion and without cause, to remove Trustee or any successor trustee and to <br />substitute and appoint another trustee or trustees (either corporate or individual) in the place and stead of Trustee or <br />any successor trustee, by written instrument duly executed and recorded in the Office of the county recorder of the <br />county or counties where the Mortgaged Properiy is situated, which instrument shall be conclusive proof of the <br />proper substitution and appointment of such successor trustee or trustees, who shall have all the rights, title, estate, <br />DOCS/1045503.1 ZO <br />
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