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<br /> 26. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a :
<br /> successor trustee by an instrument recorded in the county in which this Deed of Trust is recorded. The successor trustee,
<br /> without conveyance of the Property, shall succeed to all the title, power and duties conferred upon the Trustee by this :
<br /> Deed of Trust and applicable law. :
<br /> 27. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail
<br /> to the appropriate party's address on page 1 of this Deed of Trust, or to any other address designated in writing. Notice to :
<br /> one trustor will be deemed to be notice to all trustors.
<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 improvement on :
<br /> the Property.
<br /> ❑ Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Trustor owns now or in the future :
<br /> 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 all
<br /> crops, timber, and minerals located on the Property as well as all rents, issues, and profits of them including, but :
<br /> not limited to, all Conservation Reserve Program (CRP) and Payment in Kind (PIK) payments and similar :
<br /> governmental programs (all of which shall also be included in the term "Property"). :
<br /> ❑ Personal Property. Trustor grants to Beneficiary a security interest in all personal property located on or :
<br /> connected with the Property. 'This security interest includes all farm products, inventory, equipment, accounts, :
<br /> documents, instruments, chattel paper, general intangibles, and all other items of personal property Trustor owns
<br /> now or in the future and that are used or useful in the construction, ownership, operation, management, or :
<br /> maintenance of the Property. The term "personal property" specifically excludes that property described as :
<br /> "household goods" secured in connection with a "consumer" loan as those terms are defined in applicable federal :
<br /> regulations governing unfair and deceptive credit practices.
<br /> ❑ Filing As Financing Statement. Trustor agrees and acknowledges that this Deed of Trust also suffices as a
<br /> financing statement and as such, may be filed of record as a financing statement of purposes of Article 9 of the
<br /> Uniform commercial Code. A carbon, photographic, image or other reproduction of this Deed of Trust is sufficient
<br /> as a financing statement. :
<br /> 29. OTHER TERMS. If checked, the following aze applicable to this Deed of Trust: :
<br /> ❑ Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be :
<br /> 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 agricultural :
<br /> or farming purposes and that Trustor is an individual or entity allowed to own agricultural land as specified by law. :
<br /> ,❑ Additional Terms. ....................................................................................................................
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Farm Homestead Protection Act, designation of homestead ❑ is attached to this Deed of Trust and made a :
<br /> part hereof ❑ has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof. :
<br /> SIGNATURES: By signing below, Tnzstor agrees to the terms and covenants contained in this Deed of Trust and in any :
<br /> attachments. Trustor also acknowledges receipt of a copy of this Deed of Trust on the date stated above on Page 1. :
<br /> �Actual authority was granted to the parties signing below by resolution signed and dated ..June,10,, 1993
<br /> ... . ............ .
<br /> Entity Name: P�S.��S INC. n, ,
<br /> .....i............................. Enti Name: .........................................................
<br /> RF�TION
<br /> BY.:..... .�.��!:�.:�. ' `:�.".. .......................................................................
<br /> . . . . . ......
<br /> (Signature) F. PE'TERS, � SIDEL�1'!' (Date) (Signature) (Date)
<br /> .... ............................................................... .... ...............................................................
<br /> (Signature) (Date) (Signature) (Date)
<br /> ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br /> acknowledgments. :
<br /> ACKNOWLEDGMENT:
<br /> ,
<br /> STATE OF ................. . COUNTY OF ................................................ } ss.
<br /> ..........................
<br /> c��a��+a��� This instrument was acknowledged before me this .................... day of..................................................
<br /> by ......................................................................................................................... ........... .
<br /> My commission expires: � :
<br /> (Seal)
<br /> .....................................................................
<br /> (Notary Public)
<br /> STATE OF Nebraska HALL ,
<br /> ........................................... . COUNTY OF ................................................ } ss.
<br /> This instrument was acknowledged before me this .......llth...., day of.....Januar,�,,,,2000......................
<br /> by DOLK�AS..F:..PETERS,.. PRESIDENT
<br /> �a�s��55
<br /> ................................................................. ......................
<br /> or Entity ..................................................................................................................................... (Tide(s)) _
<br /> Acknowledgmen[) o f P�'T�S,BRd�i�S INC. .... (Name of Business or Entity) _�.......''.......
<br /> ...........J...................................................................................
<br /> a ���TI� ........... on behalf of the siness or entity.
<br /> .........(.................. ...............................................
<br /> My commission expires: � /J
<br /> GENERAL NOTARY-5tate of Nebtaska •••••������*)...� ,,•1����:..........
<br /> ��� WILLIAM E.LUEHR (Notary Pub icS
<br /> My Comm.6cP.Oct 30,2001 � � : ; p F ,,
<br /> i
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