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200000905
<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 Deeci of Trust is recorded. The successor trustee,
<br /> without conveyance of the Property, shall succeed to all the title, power and duties conferrecl upon the Trustee by this
<br /> Deed of Trust and applicable law.
<br /> 27.NOTICE. Unless otherwise required by law, any notice shail 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 designatecl 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; RenkS, Issues, and Profi�5. Trustor grants to Beneficiary a security interest in all
<br /> crops, timber, and minerals locatec� 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 (P1K) 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 locatecl on or
<br /> connected with the Property. This security interest includes ali farm products, inventory, eyuipment, 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 constraction, ownership, operation, management, or
<br /> maintenance of the Property. The term "personal property" specifically excluaes that property describecl 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 creclit practices.
<br /> ❑ Filing As Financing Staterttent. Trustor agrees and acknowledges that this D�ed of Trust also suftices 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 are applicable to this Deed of Trust:
<br /> ❑ Line of Credit. The Secured Debt includes a revolving line of creclit provision. Although the Securecl Debt may be
<br /> recluced 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 farnung purposes and that Trustor is an individual or entity allowed to own agricultural land as specified by law.
<br /> ❑ Additional Terms. ....................................................................................................................
<br /> .............................................................................................................................................
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Farm Homestead Protection Act, designation of homestead ❑ is attachecl to this Deed of Trust and made a
<br /> part hereof�has been disclaimed; the disclaimer is attachecl to this Deed of Trust and made a part hereof.
<br /> SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Deecl of Trust and in any
<br /> attachments. Trustor also acknowledges receipt of a copy of this Deecl of Trust on the date statecl above on Page 1.
<br /> ❑ Actual authority was granted to the parties signing below by resolution signecl and dated ................................... .
<br /> Entity Name: �..1'•..SCARBOROU .... .................. Entity Name: SUSAN SCI�RBOROLT .............................
<br /> SBANI�� IFE
<br /> .�.../....� .� ... ....... .......... .. ... .. .lC��:..... . . z.. . . �M.. �. .��C. .
<br /> . . .... .... . .. .. . . ...� � �/i;� �.��,.
<br /> (Signature) (Date) (Signature) (Date
<br /> ....................................................................... .......................................................................
<br /> (Signature) (Date) (Signature) (Date)
<br /> ❑ Refer to the Addendum which is attacheci and incorporated herein for additional Trustors, signatures and
<br /> acknowledgments.
<br /> AC KNOWLEDGMENT:
<br /> STATE OF NEBRASKA............................ . COUNTY OF H�V�,RD.................................... } ss.
<br /> n,�as�;a,�u This instrument was acknowledgecl before me this .......1 ST,...,,,, �ay of....�RUARY�,, 2 000,,,,,,,,,,,,,,,,,,,,
<br /> hy ,FRED,L.,.SCARBOROUGH,AND„SiTSAN,SCARBOROUGH,..HUSBAND.AND,WIFE............................. .
<br /> My commission ' • >
<br /> (seep GENERAL NOTARY-State of Nebraska /��Q��-�t-
<br /> ...:.. .... ..ii�..,....................."�?. .. :...
<br /> G� CAROLYN M.SCARBOROUGH (� (Notary Public)
<br /> My Comm.Exp.Aug.l l,2001
<br /> STATEOF ........................................... . COUNTY OF ................................................ } ss.
<br /> T'his instrument was acknowledged before me this .................... day of...................................................
<br /> by ......................................................................................................................
<br /> �e��.�.9 ...................
<br /> . ;
<br /> or Entity ...............................................................................�...................................................... (Titic(all �
<br /> Aclnowledgmenq Of................................................................................................................... (Name o(Buviross or Entity)
<br /> a ............................................................................................... on behalf of the business or entity.
<br /> My commission expires:
<br /> (Seal)
<br /> .....................................................................
<br /> � �'(Afotar3�#�ti11cj.�
<br /> i �
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