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201108970
<br />and local laws or regulations, and has legal authority in such states to conduct Trustor(s) business
<br />operations and to own agricultural real estate. No change has been made in the name, ownership,
<br />control, relationship, legai status or organizational and formation documents of any undersigned
<br />Trustor(s) since the time any such information was last provided to Beneficiary.
<br />14. That if Trustor(s), or anyone signing this Trust Deed, is a limited liability company, that those
<br />signing on behalf of said limited liability company constitute a majority of the managers or members
<br />thereof, and that the execution of this Trust Deed is in the ordinary course of the limited liability
<br />company's business and has been authorized by its members.
<br />15. Assignment of Rents including Proceeds of Mineral Leases. Trustor(s) hereby assigns, transfers,
<br />and conveys to Beneficiary all rents, royalties, bonuses, and delay moneys or other proceeds that may
<br />from time to time become due and payable under any real estate lease or under any oil, gas, gravel,
<br />rock, or other mineral lease of any kind including geothermal resources now existing or that may
<br />hereafter come into existence, covering the property or any part thereof. All such sums so received by
<br />Beneficiary will be applied to the indebtedness secured hereby; or Beneficiary, at its option, may turn
<br />over and deliver to Trustor(s) or their successors in interest, any or all of such sums without prejudice to
<br />any of Beneficiary's rights to take and retain future sums, and without prejudice to any of its other rights
<br />under this Trust Deed. This assignment will be construed to be a provision for the payment or reduction
<br />of the debt, subject to the Beneficiary's option as hereinbefore provided, independent of the lien on the
<br />property. Upon payment in full of the debt and the reconveyance of this Trust Deed of record, this
<br />assignment will become inoperative and of no further force and effect.
<br />16. This Trust Deed constitutes a Security Agreement with respect to all the property described herein.
<br />17. The covenants contained in this Trust Deed will be deemed to be severable; in the event that any
<br />portion of this Trust Deed is determined to be void or unenforceable, that determination will not affect
<br />the validity of the remaining portions of the Trust Deed.
<br />� �
<br />J y `���r
<br />son Schim . Annette R Schimmer
<br />� CY� ti�g�E�"t_ 'i°' <.
<br />Ka n J Schimmer Leslie M Schimmer
<br />INDIVIDUAL BORROWER ACKNOWLEDGMENT
<br />STATE OF NEBRASKA }
<br />)ss
<br />COUNTY OF HALL }
<br />On this 30th day of November, 2011 before me, a Notary Public, personally appeared
<br />Tyson J Schimmer, A/K/A Tyson Schimmer and Annette R Schimmer, A/K/A Annette Schimmer,
<br />husband and wife
<br />to me known to be the person(s) named in and who executed the foregoing instrument, and
<br />acknowledged that they executed the same as their voluntary act and deed.
<br />GENERAI. MDTARY - State af Nebtaska
<br />(SEAL) ECHO ALCORN
<br />MyCmnm. �Cp. March 21, 2014 cho Alcom �
<br />(Type name under signature)
<br />My commission expires March 21, 2014 Notary Public in and for said County and State
<br />INDIVIDUAL BORROWER ACKNOWLEDGMENT
<br />STATE OF NEBRASKA )
<br />)ss
<br />COUNTY OF HALL )
<br />On this 30th day of November, 2011 before me, a Notary Public, personally appeared
<br />Karen J Schimmer, A/K/A Karen Schimmer and Leslie M Schimmer, A/K/A Leslie Schimmer, wife
<br />and husband
<br />to me known to be the person(s) named in and who executed the foregoing instrument, and
<br />acknowledged that they executed the same as their voluntary act and deed,
<br />(SEAL) � E O ALCORN ��
<br />�° My Comm. F�cp. Wlarch 21, 2014
<br />l� �
<br />Echo Alcorn
<br />(Type name under signatureJ
<br />My commission expires March 21, 2014 Notary Public in and for said County and State
<br />App #: 5107943; CIF #: 129861; Note #: 202 202EA Legal Doc. Date: November 30, 2011
<br />FORM 5011, Trust Deed and Assignment of Rents Page 4
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