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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 />$� Crops; Timber; Minerals; Rents, Issues, and Profits. Trustor grants to Beneficiary a security interest in all
<br />crops, timber, and minerals located on the Property as well as all rents, issues, and profits of them including, but
<br />not limited to, all Conservation Reserve Program (CRP) and Payment in Kind (PIK) payments and similar
<br />governmental programs (all of which shall also be included in the term "Property ").
<br />Personal Property. Trustor grants to Beneficiary a security interest in all personal property located on or
<br />connected with the Property. This security interest includes all farm products, inventory, equipment, accounts,
<br />documents, instruments, chattel paper, general intangibles, and all other items of personal property Trustor owns
<br />now or in the future and that are used or useful in the construction, ownership, operation, management, or
<br />maintenance of the Property. The term "personal property" specifically excludes that property described as
<br />"household goods" secured in connection with a "consumer" loan as those terms are defined in applicable federal
<br />regulations governing unfair and deceptive credit practices.
<br />XX Filing As Financing Statement. Trustor agrees and acknowledges that this Deed of Trust also suffices as a
<br />financing statement and as such, may be filed of record as a financing statement of purposes of Article 9 of the
<br />Uniform commercial Code. A carbon, photographic, image or other reproduction of this Deed of Trust is sufficient
<br />as a financing statement.
<br />29. OTHER TERMS. If checked, the following are applicable to this Deed of Trust:
<br />❑ Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be
<br />reduced to a zero balance, this Deed of Trust will remain in effect until released.
<br />$� 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 ZX has been disclaimed; the disclaimer is attached 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 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 />EX Actual authority was granted to the parties signing below by resolution signed and dated .. .3, 2000 .......... .
<br />Entity Name: WILBERT E. SCHULTZ
<br />�� HUSBAl`ID AMID�,IWIFE
<br />(Signature) (Date)
<br />........................................ ...............................
<br />(Signature) (Date)
<br />Entity Name: JOY(T, ANN,_SCHULTZ
<br />...... ...............................
<br />HUsmM AND WIFE
<br />.... .......................
<br />/i®re') (Date)
<br />........................................ ...............................
<br />(Signature) (Date)
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br />acknowledgments.
<br />ACKNOWLEDGMENT:
<br />STATE OF Nebraska ............................ COUNTY OF .........FW- A 4.4............................ } ss.
<br />(Individual) This instrument was acknowledged before me this ...... 3r?........ day of.... , .. 2 000 ... . . . ...... . . ..... . .....
<br />by WTLBERT E. SCHULTZ and JOYCE ANN SC�i[TLTZ, , HUSBAN ,AMID . WIFE ..... .
<br />My commission expires: / _)
<br />(Seal) (�
<br />GENERAL NOTARY -State of Nebraska • • • • • ...........................
<br />�� WILLIAM E. LUEHR (Nola blic Lft My COmm. Exp. Oct 30, 2001
<br />STATE OF ..... ... J ..... ..................... . OUNTY OF ................. ............................... } ss.
<br />This instrument was acknowledged before me this .................... day of.................... ...............................
<br />(Business by .......................................................................................................... ...............................
<br />orEntity ...................................................................................................... ............................... (Title(s))
<br />Acknowledgment) Of .................................................................................... ............................... (Name of Business or Entity)
<br />a ................................................................ ............................... on behalf of the business or entity.
<br />My commission expires:
<br />(Seal)
<br />...................................... ...............................
<br />(Notary Public)
<br />
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