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201404111
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7/20/2017 7:58:06 PM
Creation date
7/7/2014 4:16:59 PM
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DEEDS
Inst Number
201404111
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, . . 201 40 � 1 1 1 <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 /> ❑ 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 afl goods that Trustor owns now or <br /> in the future and that are or will become fixtures related to the Property, <br /> O 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"►. <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 /> equipment, accounts, documents, instruments, chattel paper, general intangibles, and all other items <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 regulations <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 witf 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 /> ._. :, � �_ � <br /> Securitylnstrument-Commercial/Agricultural-NE AGCO-RESI-NE 7/1/2017 <br /> VMP�Bankers SystemsTM VMP-05951NE) (11071.00 <br /> Wolters Kluwer Financial Services 007993,2011 � Page 9 of 10 <br />
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