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201200503
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1/20/2012 8:33:19 AM
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DEEDS
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201200503
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.� <br />, �V��QO��� <br />27. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first <br />class mail to the appropriate party's address on page 1 of this Deed of Trust, or to any other address <br />designated in writing. Notice to one trustor will be deemed to be notice to all trustors. Trustor and <br />Beneficiary hereby request a copy of any notice of default, and a copy of any notice of sale thereunder, be <br />mailed to each party at the address for such party set forth on page 1 of this Deed of Trust. <br />28. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust: <br />O Construction Loan. This Deed of Trust secures an obligation incurred for the construction of an <br />improvement on the Property. <br />[� Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Trustor owns now or <br />in the future and that are or will become fixtures related to the Property. <br />❑ Crops; Timber; Minerals; Rents, Issues and Profits. Trustor grants to Beneficiary a security interest in <br />all crops, timber and minerals located on the Property as well as all rents, issues and profits of them <br />including, but not limited to, all Conservation Reserve Program (CRP) and Payment in Kind (PIK) <br />payments and similar governmental programs (all of which shall also be included in the term <br />"Property"1. <br />[� Personal Property. Trustor grants to Beneficiary a security interest in all personal property located on <br />or connected with the Property. .This security interest includes all farm products, inventory, <br />- e.quipment, accounts, documents, instruments, chattel paper, general intangibles, and gll' other i#ems <br />of personal property Trustor owns now or in the future and that are used or useful in the <br />construction, ownership, operation, management, or maintenance of the Property. The term <br />"personal property" specifically excludes that property described as "household goods" secured in <br />connection with a"consumer" loan as those terms are defined in applicable federal reeulations <br />governing unfair and deceptive credit practices. <br />❑ Filing As Financing Statement. Trustor agrees and acknowledges that this Deed of Trust also suffices <br />as a financing statement and as such, may be filed of record as a financing statement of purposes of <br />Article 9 of the Uniform Commercial Code. A carbon, photographic, image or other reproduction of <br />this Deed of Trust is sufficient as a financing statement. <br />29. OTHER TERMS. If checked, the following are applicable to this Deed of Trust: <br />� Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured <br />Debt may be reduced to a zero balance, this Deed of Trust will remain in effect until released, <br />❑ Agricultural Property. Trustor covenants and warrants that the Property will be used principally for <br />agricultural or farming purposes and that Trustor is an individual or entity allowed to own agricultural <br />land as specified by law. <br />❑ Separate Assignment. The Trustor has executed or will execute a separate assignment of leases and <br />rents. If the separate assignment of leases and rents is properly executed and recorded, then the <br />separate assignment will supersede this Security Instrument's "Assignment of Leases and Rents" <br />section. <br />❑ Additional Terms. <br />� � . bo'n,� ��� �� <br />k °� <br />e � - .. �R � z ^' .. .. <br />b . .._ . � _.._...< . .,e. ..,.... . . . <br />Security InstrumeM-Commercfal/Agricultural-NE <br />VMP� Bankers SystemsT� <br />Woltere Kluwer Financial Services 01993, 2011 <br />AGCO-RESI-NE 7/1/2011 <br />VM P-05961NE1 (11071.00 <br />Page 9 of 10 <br />t/ <br />
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