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202100339
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Last modified
1/13/2021 3:39:53 PM
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1/13/2021 3:39:52 PM
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DEEDS
Inst Number
202100339
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202/90339 <br />❑ Crops; Timber; Minerals; Rents, Issues and Profits. Trustor grants to Beneficiary a security <br />interest in all crops, timber and minerals located on the Property as well as all rents, issues and <br />profits of them including, but not limited to, all Conservation Reserve Program (CRP) and Payment <br />in Kind (PIK) payments and similar governmental programs (all of which shall also be included in <br />the term "Property"). <br />® Personal Property. Trustor grants to Beneficiary a security interest in all personal property located <br />on 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 <br />items 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 <br />suffices as a financing statement and as such, may be filed of record as a financing statement of <br />purposes of Article 9 of the Uniform Commercial Code. A carbon, photographic, image or other <br />reproduction of this Deed of Trust is sufficient as a financing statement. <br />30. 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 <br />Secured Debt may be reduced to a zero balance, this Deed of Trust will remain in effect until <br />released. <br />❑ Agricultural Property. Trustor covenants and warrants that the Property will be used principally <br />for agricultural or farming purposes and that Trustor is an individual or entity allowed to own <br />agricultural land as specified by law. <br />❑ Separate Assignment. The Trustor has executed or will execute a separate assignment of leases <br />and rents. If the separate assignment of leases and rents is properly executed and recorded, then <br />the separate assignment will supersede this Security Instrument's "Assignment of Leases and <br />Rents" section. <br />❑ Additional Terms. <br />DESIGNATION OF HOMESTEAD <br />Pursuant to the Farm Homestead Protection Act, designation of homestead ❑ is attached to this Deed <br />of Trust and made a part hereof ❑ has been disclaimed; the disclaimer is attached to this Deed of Trust <br />and made a part hereof. <br />Agricultural/Commercial Real Estate Security Instrument -NE <br />Bankers Systems TM VMPOa <br />Wolters Kluwer Financial Services © 1993, 2011 <br />VMPC595(NEI (17011.00 <br />AGCO-RESI-NE 1/1/2017 <br />Page 11 of 13 <br />
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