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201400935 South Dakota. Lender's address is 225 Cedar Street Yankton, SD 57078. Lender is the beneficiary under this Security Instrument. (D) "Trustee" is First Dakota National Bank . (A) "Note" means the open ended promissory note signed by Borrower and dated February 18, 2014. The total principal amount of the Loan secured by this Security Instrument at any one time shall not exceed Seventy Five Thousand and 00 /100 Dollars (U.S. $75,000.00). This limitation of amount does not include interest and other charges validly made pursuant to this Security Instrument and does not apply to advances (or interest accrued on such advances) made under the terms of this Security Instrument to protect Lender's security and to perform any of the covenants contained in this Security Instrument. Future advances are contemplated and, along with other future obligations, are secured by this Security Instrument even though all or part may not yet be advanced. This Note reflects a revolving line of credit. Although the Loan balance may be reduced to a zero balance, this Security Instrument will remain in effect until released. Borrower has promised to pay this debt according to the terms of the Note and to pay the debt in full not later than July 1, 2044. (E) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (F) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (H) "Riders" mean all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ❑ Irrigation Equipment Rider ❑ Water Rights Rider ❑ Financial Information and Covenants Rider ❑ Permitted Prior Encumbrance Rider ❑ Mortgage Insurance Rider ❑ Adjustable Rate Rider ® Other(s): Convertible Revolving Line of Credit Variable Rate Rider, Cross Default Rider, Cross Collaterization Rider and Subordinate Lien Rider (I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable fmal, non - appealable judicial opinions. (J) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated bycheck, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (K) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 4) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (L) "Periodic Payment" means the amount due for principal and interest under the Note. (M) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. NEBRASKA -- Farmer Mac UNIFORM INSTRUMENT (Open End) Form 5000.28 1111111IIIIIIIIIIIIIH111 005 I11111111111111IIIIIIII 21401 2 ©2014, All Rights Reserved 1513140214 [Doc Id 2210 M10302013]