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2023011 27
<br />DEED OF TRUST
<br />(Continued) Page 8
<br />under the Environmental Laws. The term "Hazardous Substances" also includes, without limitation, petroleum and
<br />petroleum by-products or any fraction thereof and asbestos.
<br />Improvements. The word "Improvements" means all existing and future improvements, buildings, structures,
<br />mobile homes affixed on the Real Property, facilities, additions, replacements and other construction on the Real
<br />Property.
<br />Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs and expenses
<br />payable under the Note or Related Documents, together with all renewals of, extensions of, modifications of,
<br />consolidations of and substitutions for the Note or Related Documents and any amounts expended or advanced by
<br />Lender to discharge Trustor's obligations or expenses incurred by Trustee or Lender to enforce Trustor's
<br />obligations under this Deed of Trust, together with interest on such amounts as provided in this Deed of Trust.
<br />Specifically, without limitation, Indebtedness includes the future advances set forth in the Future Advances
<br />provision of this Deed of Trust, together with all interest thereon.
<br />Lender. The word "Lender" means First Dakota National Bank , its successors and assigns.
<br />Note. The word "Note" means the promissory note dated March 9, 2023, in the original principal amount
<br />of $500,000.00 from Trustor to Lender, together with all renewals of, extensions of, modifications of,
<br />refinancings of, consolidations of, and substitutions for the promissory note or agreement. The maturity date of
<br />this Deed of Trust is March 1, 2033.
<br />Personal Property. The words "Personal Property" mean all equipment, fixtures, and other articles of personal
<br />property now or hereafter owned by Trustor, and now or hereafter attached or affixed to the Real Property;
<br />together with all accessions, parts, and additions to, all replacements of, and all substitutions for, any of such
<br />property; and together with all proceeds (including without limitation all insurance proceeds and refunds of
<br />premiums) from any sale or other disposition of the Property.
<br />Property. The word "Property" means collectively the Real Property and the Personal Property.
<br />Real Property. The words "Real Property" mean the real property, interests and rights, as further described in this
<br />Deed of Trust.
<br />Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan
<br />agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, security
<br />deeds, collateral mortgages, and all other instruments, agreements and documents, whether now or hereafter
<br />existing, executed in connection with the Indebtedness.
<br />Rents. The word "Rents" means all present and future rents, revenues, income, issues, royalties, profits, and
<br />other benefits derived from the Property.
<br />Trustee. The word "Trustee" means First Dakota National Bank, whose address is 225 Cedar St PO Box 156,
<br />Yankton, SD 57078 and any substitute or successor trustees.
<br />Trustor. The word "Trustor" means Ricky D Stelk.
<br />TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND TRUSTOR
<br />AGREES TO ITS TERMS.
<br />TRUSTOR:
<br />fAl 1,I�4
<br />Ricky r Stelk/
<br />INDIVIDUAL ACKNOWLEDGMENT
<br />)
<br />SS
<br />On this day before me, the undersigned Notary Public, personally appeared Ricky D Stelk, a single person, to me known
<br />to be the individual described in and who executed the Deed of Trust, and acknowledged that he or she signed the
<br />Deed of Trust as his or her free and voluntary act a Ei.deed, for the uses ; pu,• • es therein mentioned. 23
<br />i %
<br />Given under my hand and official seal this day of
<br />GENERAL NOTARY - State of Nebraska
<br />TRICIA CAMPUN
<br />My Comm. Exp. June 2, 2028
<br />By
<br />Printe
<br />FORWOrAe
<br />Name: raffairMATZ / LL
<br />►1 L C'
<br />(s [G ria
<br />U nP Z, ?102(0
<br />, 20
<br />Notary Public in and for the State of
<br />Residing at
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<br />My commission expires
<br />
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