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<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 all goods that Trustor owns now or
<br /> in the future 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
<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 will 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 /> a Additional Terms. ALL WATER AND WATER RIGHTS NOW OWNED OR HEREAFTER ACQUIRED BY DEBTOR AND HOWSOEVER
<br /> EVIDENCED,WHETHER SUCH WATER AND WATER RIGHTS ARE RIPARIAN,APPROPRIATIVE OR OTHERWISE AND WHETHER OR NOT
<br /> APPURTENANT TO THE REAL ESTATE DESCRIBED HEREIN,ALL DITCH AND DITCH RIGHTS AND ANY SHARES AND PROCEEDS DERIVED
<br /> THEREFROM OF STOCK,LICENSES,PERMITS AND CONTRACTS EVIDENCING SUCH WATER OR DITCH RIGHTS,AND ALL WELLS,
<br /> RESERVOIRS,DAMS,EMBANKMENTS OR FIXTURES RELATING THERETO,ALONG WITH ALL REPLACEMENTS,SUBSTITUTIONS,
<br /> ACCESSIONS THERETO.
<br /> ALL IRRIGATION EQUIPMENT OF EVERY KIND AND NATURE,INCLUDING BUT NOT LIMITED TO CENTER IRRIGATION PIVOTS,PUMPS,PVC
<br /> PIPE,SPRINKLERS AND MOTORS,NOW OWNED OR HEREAFTER ACQUIRED BY DEBTOR AND NOW OR HEREAFTER LOCATED AND SITUATED
<br /> ON THE REAL ESTATE DESCRIBED HEREIN,ALONG WITH ALL REPLACEMENTS,SUBSTITUTIONS,ACCESSIONS THERETO AND PROCEEDS
<br /> DERIVED THEREFROM.
<br /> Security Instrument-Commercial/Agricultural-NE AGCO-RESI-NE 7/1/2011
<br /> VMP®Bankers SystemsrM VMP-C5951NE) 111071.00
<br /> Wolters Kluwer Financial Services©1993,2011 Page 9 of 10
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