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<br /> � 26.S�lCC�'�SSi)R TdiUS'�'�;F.. Beneficiary, a�Beneliciary's opti�n, may from ti�ne to t�rru ecmove Trustec nnd appoint a �
<br /> • successar trusta by an instrurr�nt r�carQed in die caunty In which ttrls peed of Trust is recorded. 'i'ha sucssssor trustee, ��
<br /> ' wit�tout c:aaveyan�e of d�e Fcopetty. 6hn11 succced to nll the title, power oind dudes conferrcx! tspan the Truster, by thie -
<br /> Deed of'Ctust and applicable law. _.
<br /> � 2'7.NOR'[CE.Onies� otherwtse requind by law, any notioe ahnll be givea by deliverin it ar by m�ling it by tirst cl�ua mail v
<br /> to the appropriue puty's acldress on page 1 of this 13oed of Trust,or to any other»�dress designetc�in wdting.Nuticc w -
<br /> _.�._�;^� ane uustor w�llbe deemed to be notice to all trs�ators. _
<br /> , •• 28.U.C.C.P'AOVLSIONS.lf cbcekcA, tlie foltowing ara Agpllcable to,but do not limlt.this Deed of Trust:
<br /> ❑ Coastructfon Loan.'Ihis De;ed of 7tust secures an obligatton incuned for tha constmc�.ion of tw impmvement on
<br /> .s.w°•,� the Propecty. --
<br /> ❑ F1xt�e�'ilin�.Trustor grauts to Iieneficfary a sacurity interest in all goods that Tnrsror owns now or in t�e fuwre -
<br /> and that ue or will txcome fixt�ura related to ths Property. -
<br /> Cl Crops;Ttmber; Miaeral�; Rmts, Iseua, and Protlta. Trustor gn�ats to Beaeficlaay a securiry lnt�e�est in all ��
<br /> �: craPe. tlmber� and minerals located un We Praperty as well as zll trnts. issuea.and prafita of them including�bat F.
<br /> not lirnitod ro. all C�sservaHon Reseive Progrnm (CRP) a�zci Payment in Kind (PIIq payn�ents aad similar �;
<br /> �. govemmrntal pragrams(a11 of which shall nlso be included in the term"Property"). �`
<br /> �. ❑ persoa�l Property. '[tustor grants tn Bc��eficiuy a security Interest in all personal propeaty locatal on or �`.
<br /> conaecud w[th the Property. '[his secur(ty intenst includes all fazm products. inventory. ecluipment.accouats. _
<br /> '�- do�ts. iu„�tiy��sts. cbxttel paper. geati�al intrno.b?�es,snd 211 other iteen4 of�al property Tivswr owns �
<br /> � uc►w or ia thc future and tb�t arr usod or uscful in the consuuctlon, owners�►ip, ogxaation. maaage�►t, or _
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<br /> � maintenmce of the Prnpaty. '!be tenn "personal pmperty" apeci&cally txcludes t1��c pmperty describod as _
<br /> "bousebold goods° SCCUIEd fII OOIIAEL�IOD WI�1 A°CGfISliIl1El�l�an as those tecros are d:fiaed ia a�p!li�able federal �
<br /> � "-' regularloas goveming unfdr and clweptive cnadIt pr�ctices.
<br />. ❑ �ilint As fin�n�n� St�tmueat. Teustor agrces and acknowledges that this D�eed nf Trust also sufSe� u � °�
<br /> '"'"� tinaocing stuement aad at such, m�y be filed of re.cord as a i'mmcing atatement oi�SUrposes of Article 9 of tlre
<br /> •`�= U�atform coa�ercial Code.�A ctrtwn.photographic.im�ge or otLer rep�ductIoa of this Deed of Ttust is sufficieat =-
<br /> - as a fitnocing statement. 6
<br /> • t 2i1.OR'IiER TEIiMS.If c,�eckal,t2ro fallowing ue applic�abie to this Ae�ad of'a'eus1: -
<br /> ' ❑ Lina oi Credlt.The Secumd l�eht Includes a revolving line of cx+edie pravlsion.Althiugh the Secured Debt may be
<br /> , ��..�� w o�1 ei�,ht„w'.e, ��f ��r�In.nain in�ffir�t nntil relea.ed.
<br /> , A p ,R,gic�a�kurn!Prope�rty. 7tustor coveaants aad walraats thu the Pcoperty will be used principally for agricultural
<br /> ` • ' or fuming purposes and thet T�ustor is ea i4dividual or entity allowod to awn agricultural laad as slxci�ied by law.
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<br /> ::�.�;:��� ❑ Additiaonl Terms. ....................................................................................................................
<br /> -:''r., :d:
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<br /> ��. =�?— DESIGNATION OF HOMESfEAd
<br />-'==��='r?=�' Pursuaat to theFami Ho�atad Protxti+on Act,des6gnation of homestead D ls at7�ckcci iu tl�i6 Deed of Trust wd m�dt a
<br /> -�. ,,C';'
<br /> `��,• put hera�f�hus bera discl�imed: the disclaimer is attachsd to tttls Deed of Ta�st aud made s.;,oart hereaf.
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<br />-•.�;n;F.�z� SIGNAT[JRES: By sigung below,7lrustor agc�ees to tha term� and oovenaats c��ni�ned in lhia Deed of Tmst �nd in any _
<br />-_--=---� ' atuchments.'1'n:stor also acka�wlalga�+ecript of a oopy uf this Dxd of Tnut oa tfit dat�etatpi above on Fage 1. __.
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<br />--«"'°'� BZAcuaal attthority was grantod ro the pardes signiag below by n�solution slgnod and dated..���..Y...��97.........:'.
<br /> --_-_- �Y H,me:� R�T ........................... em�ry p��M ...................
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<br /> _<_,Y� � HIT�,t�ID 1�ID WIFE�
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<br />�:<<�r�*: , � Refer to the Addendum which is attachod and incazporatod herelu for a�di�ional Tnutors, sigo�tuns and -
<br /> ---,-.:- -- xknowlvdgaients. _
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<br /> � . . A�CICNOWLEDGIHENT:
<br />. • '. ' S'I'ATE bP��$�............................ .COUN';'1'OF .��.................... ;
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<br />'� �o,n„�e�,� 'ILis insttutneoA was ackno�vtedged before me this y �
<br /> .�G�'}. da of ���,...���7............... ......... =,
<br />"'. � by.�.�.�TJk�?'�.l.�..�..R��,.�..�lUk�'F. .. . .�?R.�"I�k'�. ..................................... . .:�
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<br /> ' . My oonmissi ' u 9�101UlY,SUE�d Melr�skt � ' _
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<br /> . • .- QAVlD R.BOEItIE . ..�. . . .............................. f
<br />_.,.,�� . MyCe�leL Ess N1Y.?I,ly!! (�'ionry Pubik) �.
<br /> . •-=_-
<br /> DAVID R BOFIII�
<br /> ,� ---- -r -
<br />, , ...:; STA'I'E OF........................................... .COUN'I'Y OF ................................................}ss. �
<br /> . . � , 'I7iis instrument was acknowledged 6efore me t�Is....................day of................................................... �
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<br /> by•........................................................................................................................................
<br /> . . ueacry ..................................................................................................................................... mdccUl
<br />_.. . Actmskd�mcn� Of.....�........................................................................................ ........... .... INm dEus:nn�aFnityl �
<br /> . '� a ...._.....................................................................................on behalf of thc Uusincss or entity.
<br /> ,. � l!�!y c�m�+sssion e�ires: . .. �
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<br />_ � ..................... .............................................
<br /> (Nonry Pubtie)
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<br /> , .a • - 191993 6anklq 6V�'�.�^�•Sl.Ctau6.MN 11-000397•23411 Fam AGlGO�D7�lVE 8l13l96 pege 6 0l 6
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