201700947 - Laserfiche WebLink

Browse

2� 17��947 �7. N�T10E� Un�ess otherwise required by law, any natice shall be gi�en by deli�ering it or by maiiing it by fi�st class mail to �he appropriate party's address on page 1 of this Deed of Trust, or to any other address designa�ed in wri�ing, NQtice ta ❑ne trustor wili be deemed to be notice to a�l trustors, Trustar and Beneficiary hereby requ�st a copy of any natice of default, and a �opy of any nv�ice of sale thereunder, be ma��ed to each pa��y a�the address for such party set forth on page 1 of�his Deed of Trusfi. ��. U.�.G. PR�VISI�NS. �f checked, the follawing ar�e applicalale t�, but do not�imit, th�s Deed of Trust, ❑ �ons�ruct[�n Loan. This Deed of T�ust secures an obligation incurred for �he cons�ruction �f an imprfl�emen�vn the Property. ❑ Fixture Filing. T�ustor grants tv Beneficiary a se�urity interest in all gvods that T�us�or owns now or in the fu�ure and that are vr will �ecome�ixtures reIated #v the Fraperty, ❑ Craps; Timber: Il�inerals; Rents, lssues and Prvfits. Trustor grants to Benefic�ary a se�u�i�y �nterest in a�l crops, fiimber and minerafs ioca�ed on fhe Property as well as all rents, issues and profits af them including, bu� not limited �o, all Conser�ation Reser�e Program �CRP� and Payment in Kind �PIK� payments and similar go�ernmenta� prflgrams �a�l of wh��h sha�� a�so be inc�uded in ths term "Property"}. ❑ IPers�ana� Rrvver��►. Trustar grants to Bsne�ficiary a security interesfi in all personal proper�y Iocated on �r canne�ted with the Property, This se�urity interest includes al� farm praduc�s, inWen�ory, equipmen�, acc�unts, dacuments, instruments, chattel paper, general in�angibles, and all other ��ems of personal pr�pe�ty Trustor owns now or in the future and tha� are used or useful in the construction, �wnership, opera�ion, management, ar maintenance of the Property, The �erm "pers�nal property" spec�fically exciudes that property described as "household gaods" secured in cannection wi�h a "cansumer" loan as those terms are defined in applicable fe�leral regulatians ga�erning unfair and decepti�e credit p�actices, ❑ Filing As F�nancing Statement. Trustor agr�es and acknowledges tha� this ❑eed vf Trust also suffices as a financing statement and as such, may be filed af record as a financing statement of purpvses of Ar�icle 9 a� the Uniform Commercial Code. A carbon, photographic, image or vther reproduction of this ❑eed a�T�ust is su#ficient as a financing statemen�, ... . ,:.. . .: _:.. : .. . Z9. �THER TER�S. If checked, �he following are applicable ta this �eed:af T�i.tst: ''�� ' � ` � , Cl Line vf Credi�. The Secured Debt �nc�udes a re�al�ing Iine.of cxed�t;,�rovis�on�. A1thoU.gh �he Secured ❑eb� may be reduced to a �era balance, this Deed o�Trust will remaIn in ef�ect un�il released, ❑ Agr�cultural Proper�y. Trus�ar coWenants and warrants �ha� the Praperty will �e used principa��y far agri�ultural or farming purposes and that Trus�or is an indiWidua� or entity allowed to own agricu�tura� land as specified by law, ❑ Separate Assignment. The Trus��r has executed or will execute a separate assignmen� of leases and rents, If the separate assignment of leases and rents is properly exe�uted and recorded, then �he separate assignment wi�� supersede this Security �nstrument's "Assignment af Leases and Ren�s" sec�ian. ❑ Additi�na�Terms. Sec�arity lnsirumsnt-CommerciallAgricu[tural-N� AGC�-R�51-N� 71112�9� VMPC�Bankers 5ystems�� VMP-0595�N�} ��1073.00 Wolters Kluwer�inancial Ser�ices�9 993,��1 Page 9 af 1�