Complex sentence: Badger, a close friend of Toad's late father and responsible for Toad's conduct regarding his inheritance, is awakened from his deep sleep and soon as he learns the news, takes the initiative to put some sense back in Toad's head.
Split into simpler sentences: Badger, a close friend of Toad's late father and feeling responsible for Toad's conduct regarding his inheritance, is awakened from his deep sleep. As soon as he learns the news, Badger takes the initiative to put some sense back in Toad's head.