SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): ~~June~~August 2922, 2012 (~~July~~August 516, 2012)

NEDAK Ethanol, LLC

(Exact Name of registrant as specified in its charter)

NEBRASKA	333-130343	20-0568230
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)


87590 Hillcrest Road, P.O. Box 391, Atkinson, Nebraska		68713
(Address of Principal Executive Offices)		(Zip Code)


	(402) 925-5570
	(Registrant’s Telephone Number, Including Area Code)


(Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: □Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) □Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) □Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) □Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 21.0401. Entry ~~Triggering~~into ~~Events That Accelerate or Increase~~ a ~~Direct~~Material ~~Financial~~Definitive ~~Obligation or an Obligation Under an Off-Balance Sheet Arrangement~~Agreement

On August 16, 2012, NEDAK Ethanol, LLC (the “Company”) isentered into a ~~party~~Collateral toMaintenance aand ~~Loan~~Preservation Agreement ~~dated June 19, 2007~~ (the “~~Original TIF Loan~~ Agreement”) with ~~Arbor~~AgCountry ~~Bank~~Farm Credit Services, FLCA (the “~~TIF~~Senior Lender”). The Agreement is effective as ~~amended~~of ~~and~~August ~~supplemented~~1, by2012. As ~~that~~previously ~~certain~~disclosed, ~~First~~the ~~Amendment~~Company tois ~~Loan~~currently ~~Agreement~~in ~~between~~default ~~the~~under ~~Company~~its Amended and ~~the~~Restated ~~TIF~~Credit ~~Lender~~Agreement dated December 31, 2011 (the “~~First~~Restated ~~Amendment~~Credit Agreement”) ~~and~~with ~~together~~the ~~with~~Senior Lender, the ~~Original~~First ~~TIF~~Supplement ~~Loan~~to the Amended and Restated Master Credit Agreement between the Company and the Senior Lender dated December 31, 2011 (the “First Supplement”) and an Amended and Restated ~~Promissory~~Term Note dated December 31, 2011 (the “Restated Note”) ~~issued~~and ~~December~~collectively ~~31,~~with ~~2011~~the ~~pursuant~~Restated toCredit Agreement and the First ~~Amendment~~Supplement, the “~~TIF~~Restated Loan Documents”). AsPursuant ~~previously~~to ~~disclosed~~the byAgreement, the Senior Lender has agreed that the Company has made, onand ~~June~~may ~~11,~~continue ~~2012~~to make, requests for: (i) the ~~Company~~use ~~provided~~of certain cash constituting proceeds of the ~~TIF~~Senior Lender’s ~~with~~collateral ~~written~~(the ~~notice~~“Cash ofCollateral”) anand ~~occurrence~~(ii) ofSenior anLender ~~event~~to ofmake ~~default~~certain ~~under~~additional cash advances to or for the ~~TIF~~benefit ~~Loan~~of ~~Documents~~the (Company, all in order to fund certain budgeted expenses the “Company ~~Default~~has ~~Notice~~determined to be necessary to idle the ethanol plant located in Atkinson, Nebraska (the “Plant”) asand ~~required~~for ~~under~~ the ~~terms~~maintenance, protection and preservation of the ~~TIF~~collateral ~~Loan~~(“Protective ~~Documents~~Advances”).

OnEach ~~June~~request ~~29,~~from ~~2012,~~ the Company ~~received~~must abe ~~notice~~submitted ofto ~~continuing~~the ~~default~~Senior Lender in writing and amust ~~demand~~contain ~~for~~certain ~~payment~~additional ~~from~~information that the ~~TIF~~Senior Lender may require (~~the~~each a “~~Lender~~Draw ~~Notice~~Request”). The inCompany ~~response~~has tosubmitted ~~its~~a ~~receipt~~budget ofto the ~~Company~~Senior ~~Default~~Lender ~~Notice. The~~which ~~Lender~~represents ~~Notice~~a ~~acknowledged~~good ~~receipt~~faith ofestimate by the Company, ~~Default~~based ~~Notice~~on ~~and~~reasonable assumptions, of the ~~defaults~~expenses ~~referenced~~that ~~therein~~the ~~and~~Company ~~alleged~~believes ~~additional~~to ~~events~~be ofnecessary ~~default~~to ~~had~~maintain, ~~occurred~~protect ~~relating~~and topreserve the assets of the Company constituting the Senior Lender’s ~~inability~~collateral. Each toDraw ~~pay~~Request ~~its~~must ~~debts~~be asconsistent, ~~they~~in ~~become~~all ~~due~~material ~~and~~respects, ~~its~~with ~~inability~~the tobudget ~~make~~submitted ~~payments~~by ~~due~~the ~~under~~Company to the ~~TIF~~Senior ~~Loan~~Lender. Notwithstanding ~~Documents~~the ~~and~~Senior asLender’s ~~required~~execution ~~under~~of the ~~Tax Escrow~~ Agreement ~~dated~~or ~~January~~any ~~23,~~prior ~~2012~~consent ~~between~~or ~~the~~Protective ~~Company~~Advance ~~and~~given ~~First~~or ~~National~~made ~~Bank~~by ofthe ~~Omaha~~Senior ~~(collectively~~Lender, the ~~“Existing~~Company ~~Defaults”). Pursuant~~acknowledges tothat the Senior Lender ~~Notice,~~(i) ashas anot ~~result~~committed ofto fund the ~~Existing~~expenses ~~Defaults,~~set forth in the ~~TIF~~budget, ~~Lender~~and (ii) has ~~made~~no aobligation ~~demand~~to ~~for~~consent to the ~~immediate~~Company’s ~~cure~~use of the ~~Existing~~Cash ~~Defaults~~Collateral ~~and~~or ~~for~~to ~~the~~make ~~full~~any ~~and~~Protective ~~complete~~Advances. The ~~performance~~decision ofto ~~its~~give ~~obligations~~or ~~under~~make any such consent or Protective Advance shall be in the ~~TIF~~sole ~~Loan~~discretion ~~Documents~~of the Senior Lender.

~~The~~All ~~TIF~~Protective ~~Lender~~Advances ~~advised~~and ~~the~~any ~~Company~~other ~~that~~payments itmade ~~intends~~or toexpenses ~~exercise~~incurred ~~its~~by ~~remedies under~~ the ~~TIF~~Senior ~~Loan~~Lender ~~Documents~~pursuant ~~and~~to ~~take~~the ~~such~~Agreement, ~~action~~or asmade ~~may be necessary~~ or ~~desirable~~incurred ~~under~~by the ~~circumstances~~Senior toLender ~~protect~~in ~~its~~advance ~~interest~~of inthe execution of the ~~collateral~~Agreement, ~~and~~become topart ~~enforce~~of the Company’s obligations under the ~~TIF~~Restated Loan Documents~~. The~~ ~~TIF~~and ~~Lender~~will ~~also~~bear ~~specifically~~interest ~~reserved~~at ~~all~~the ~~rights,~~default ~~remedies,~~rate ~~powers~~specified ~~and~~in ~~privileges afforded under~~ the ~~TIF~~Restated Loan Documents ~~and those available at law~~.

~~Notwithstanding~~Pursuant ~~the foregoing, pursuant~~ to the terms of anthe ~~Intercreditor~~ Agreement ~~dated December 31~~, ~~2011 between AgCountry Farm Credit Services, FLCA (~~the “Senior Lender”) ~~and~~expressly ~~the~~states ~~TIF~~that ~~Lender,~~it ~~until~~has ~~such~~not ~~time~~waived asany ~~the~~of ~~Company’s obligations under~~ the ~~credit~~defaults ~~agreement~~by ~~between~~ the Company ~~and~~under the ~~Senior~~Restated ~~Lender~~Loan ~~have~~Documents ~~been paid in full~~ and ~~the~~that ~~Senior~~it ~~Lender~~ has nonot ~~commitment~~agreed to ~~make~~forebear ~~further~~from ~~loans~~exercising toits ~~the~~enforcement ~~Company,~~rights ~~the~~or ~~TIF Lender may not take~~ any ~~action~~remedy tothat ~~collect~~may ~~any~~be ~~indebtedness~~available under the ~~TIF~~Senior Loan Documents or ~~exercise~~ any ~~remedies~~other ~~against~~documents ~~the~~between ~~Company or~~ the ~~collateral~~parties. The inSenior ~~connection~~Lender ~~with~~continues ~~the Company’s defaults, including its failure~~ to ~~make~~reserve ~~monthly~~all ~~payments~~rights, toremedies, ~~the~~and ~~tax~~privileges ~~escrow~~afforded ~~account established pursuant to the Tax Escrow Agreement (a “TIF Payment Default”) for 165 days from: (i) the date the Senior Lender has accelerated the indebtedness~~ under the ~~credit~~Restated ~~agreement~~Loan ~~between~~Documents ~~the Company~~ and ~~the~~any ~~Senior~~other ~~Lender~~documents ~~and~~between ~~is pursuing foreclosure of its liens with respect to~~ the ~~collateral, or (ii) the date of the TIF Payment Default~~parties. ~~Under~~Such ~~the~~remedies ~~terms~~include, ofamong ~~the Intercreditor Agreement~~others, in the ~~event~~right ofto ~~the~~take ~~commencement~~possession of ~~an insolvency proceeding to which~~ the ~~Company is a party~~Plant, ~~the~~foreclose ~~TIF~~on ~~Lender will then have~~ the ~~right~~liens toon ~~accelerate payment of~~ the ~~indebtedness~~Company’s ~~under~~property ~~the TIF Loan Documents~~ and ~~file~~sell athe ~~proof~~premises independent of ~~claim~~any ~~and~~foreclosure ~~otherwise participate in such proceeding~~proceedings.

~~Although~~The ~~the~~foregoing ~~TIF~~description ~~Lender~~of ~~stated~~the ~~that~~Agreement itdoes isnot ~~willing~~purport to ~~negotiate~~be acomplete ~~mutually agreeable solution with the Company~~ and ~~other~~is ~~interested~~qualified ~~parties,~~in ~~there~~its ~~can~~entirety beby noreference ~~assurance~~to ~~that~~ the ~~Company~~full ~~and~~text of the ~~TIF Lender will arrive at any agreement (either oral or written) regarding forbearance~~Agreement, ~~waiver~~which ofis ~~the~~filed ~~Existing~~as ~~Defaults,~~Exhibit ~~modifications~~10.1 to ~~the~~this ~~TIF~~Current ~~Loan~~Report ~~Documents~~on orForm ~~otherwise~~8-K ~~reach~~and aincorporated ~~satisfactory~~herein ~~agreement~~by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth in Item 1.01 of this Current Report on Form 8-K relating to the Agreement is incorporated by reference into this Item 2.03 as if fully set forth herein.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit Number	Description
10.1	Collateral Maintenance and Preservation Agreement between NEDAK Ethanol, LLC and AgCountry Farm Credit Services, FLCA

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NEDAK ETHANOL, LLC

Date: July 5, 2012	By:	/s/ Jerome Fagerland
Date: August 22, 2012.	By:	/s/ Jerome Fagerland
		Jerome Fagerland
		President and General Manager

Exhibit Index




Exhibit Number	Description
10.1	Collateral Maintenance and Preservation Agreement between NEDAK Ethanol, LLC and AgCountry Farm Credit Services, FLCA

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