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201605354
<br />together with all Trustor(s right, title, and interest in the property, now or hereafter acquired, including: all
<br />buildings, fixtures, timber, timber to be cut, crops, and improvements now on or hereafter placed upon the
<br />property; all appurtenances, water, water rights, irrigation, and drainage rights; all rents, issues, uses,
<br />income, profits, and rights to possession; all oil, gas, gravel, rock, or other minerals of whatever nature,
<br />including geothermal resources; all personal property that may integrally belong to or hereafter become
<br />an integral part of the real estate whether attached or detached, including any appurtenances and
<br />accoutrements of any structure or residence secured hereby; easements and other rights and interests
<br />now or at any time hereafter belonging to or in any way pertaining to the property, whether or not
<br />specifically described herein; all above and below ground irrigation equipment and accessories; and all
<br />leases, permits, licenses, or privileges, appurtenant or nonappurtenant to the property, now or hereafter
<br />issued, extended or renewed by Trustor(s), any State, the United States, or any department, bureau,
<br />instrumentality, or agency thereof. The foregoing is collectively referred to in this document as the
<br />"property."
<br />It is understood and agreed between Trustor(s) and Beneficiary that this Trust Deed is given to secure the
<br />repayments in full of the following described obligations, regardless of whether Mortgagor(s) is(are) liable
<br />thereon, and all future and additional loans or advances, protective or otherwise, which may be made by
<br />Beneficiary, at its option, at the request of, and to or for the account of Trustor(s), the parties liable under
<br />the note(s) or credit agreement(s), or any of them, for any purpose, plus interest thereon, all payable
<br />according to the terms of the note(s), credit agreement(s), or other instrument(s) modifying the same.
<br />Date of Note(s) or Credit Agreement(s) Principal Amount
<br />August 15, 2016 $7,536,375.00
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time
<br />will not exceed the sum of Six Million Three Hundred Ninety Five Eight Hundred Dollars, ($6,395,800.00),
<br />exclusive of interest and protective advances authorized herein or in the loan agreement(s); provided
<br />further, that THIS PARAGRAPH SHALL NOT CONSTITUTE A COMMITMENT TO MAKE FURTHER OR
<br />ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL
<br />PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />This Trust Deed will be due September 1, 2026.
<br />Trustor(s) hereby warrants that Trustor(s) holds fee simple title to the above described property, that
<br />Trustor(s) has good and lawful authority to deed and encumber the same, that the property is free and
<br />clear of all hens and encumbrances, except encumbrances of record, and that Trustor(s) will warrant and
<br />defend the property, at Trustor(s) expense, against all claimants whomsoever. Trustor(s) also hereby
<br />waives and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the
<br />above described property.
<br />This is a Purchase Money Trust Deed.
<br />This mortgage secures more than one note. In the event of default under any note, all notes will be
<br />considered to be in default and the mortgage may be foreclosed in satisfaction of all notes.
<br />Mortgagor(s) recognizes that the loan(s) secured hereby will be in default should any loan proceeds be
<br />used for a purpose that will contribute to excessive erosion of highly erodible land or to the conversion of
<br />wetlands to produce or to make possible the production of an agricultural commodity, as further explained
<br />in 7 CFR Part 1940, Subpart G, Exhibit M.
<br />Trustor(s) and each of them further covenants and agrees with, or certifies to, Beneficiary as
<br />follows:
<br />1. To pay all liens, judgments, or other assessments against the property, and to pay when due all
<br />assessments, taxes, rents, fees, or charges upon the property or under any lease permit, license, or
<br />privilege assigned to Beneficiary as additional security to this Trust Deed, including those in or on public
<br />domain.
<br />2. To insure and keep insured buildings and other improvements including fixtures and attachments now
<br />on or hereafter placed on the property to the satisfaction of Beneficiary. Such insurance will be endorsed
<br />with a loss payable clause to Beneficiary. On demand, Trustor will furnish said policies or proof of
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