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<br /> 26. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br /> successor trustee by an instrument recorded in the county in which this Deed of Trust is recorded. The successor trustee,
<br /> without conveyance of the Property, shall succeed to all the title, power and duties conferred upon the Trustee by this
<br /> Deed of Trust and applicable law.
<br /> 27.NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail
<br /> to the appropriate party's address on page 1 of this Deed of Trust, or to anx other address designated in writing. Notice to
<br /> one trustor will be deemed to be notice to all trustors.
<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 improvement on
<br /> the Property.
<br /> ❑ Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Trustor owns now or in the future
<br /> and that are or will become fixtures related to the Property.
<br /> ❑ Crops; Timber; Minerals; Rents, Issues, and Pro�ts. Trustor grants to Beneficiary a security interest in all
<br /> crops, timber, and minerals located on the Property as well as all rents, issues, and profits of them including, but
<br /> not limited to, all Conservation Reserve Program (CRP) and Payment in Kind (PIK) payments and similaz
<br /> governmental pragrams(all of which shall also be included in the ternn "Property").
<br /> ❑ Personal Property. Trustor grants to Beneficiary a security interest in all personal property located on or
<br /> connected with the Property. This security interest includes all farm products, inventory, equipment, accounts,
<br /> documents, instruments, chattel paper, general intangibles, and all other items of personal property Trustor owns
<br /> now or in the future and that are used or useful in the construction, ownership, operation, management, or
<br /> maintenance of the Property. The term "personal property" specifically excludes that property described as
<br /> "household goods" secured in connection with a "consumer" loan as those terms are defined in applicable federal
<br /> regulations goveming unfair and deceptive credit practices.
<br /> ❑ Filing As Financing Statement. Trustor agrees and acknowledges that this Deed of Trust also suffices as a
<br /> financing statement and as such, may be filed of record as a financing statement of purposes of Article 9 of the
<br /> Uniform commercial Code. A carbon, photographic, image or other reproduction of this Deed of Trust is sufficient
<br /> as a financing statement.
<br /> 29. OTI�R 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 Debt may be
<br /> s� reduced to a zero balance, this Deed of Trust will remain in effect until released.
<br /> � ❑ Agricultural Property. Trustor covenants and wanants that the Property will be used principally for agricultural
<br /> or farming purposes and that Trustor is an individual or entity allowed to own agricultural land as specified by law.
<br /> $� Additional Terms. .If,any,.installment,,paymea?t.,is.not..paid,,by,.the,,due,date 4.,the.,.,,,,,,
<br /> � banlc ma e an interest rate 1 to the st maturit rate on the
<br /> .............Y..ch�?n3..................................�i!a�?................L�.................Y...................... ............
<br /> .outstanding.loan.balance,until.the.loan, is„in.a.,current„status:............................
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Farm Homestead Protection Act, designation of homestead ❑ is attached to this Deed of Trust and made a
<br /> part hereof ❑ has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof.
<br /> SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Deed of Trust and in any
<br /> attachments. Trustor also acknowledges receipt of a copy of this Deed of Trust on the date stated above on Page 1.
<br /> ❑ Actual authority was granted to the parties signing below by resolution signed and dated ................................... .
<br /> LI�I�I'IY, .C�OML�ANYNEBRASKA LIMITED
<br /> EndtyName: ... ................................... Entity Name: .........................................................
<br /> '.-:2'.i...... .... .................... .... ...................... .......................................................................
<br /> (Signature) ONg1.S S. NAB , PRESIDE�V'I' (Date) (Signature) (Date)
<br /> ....................................................................... .......................................................................
<br /> (Signawre) (Date) (Signature) (Date)
<br /> ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br /> acknowledgments.
<br /> ACKNOWLEDGMENT: �
<br /> STATE OF ��..................... . COUNTY OF .......�''��
<br /> ..................... ................................ } ss.
<br /> ���a���a�a�> This instrument was acknowledged before me this .......�.......... day of......T./�/.y........................ .........
<br /> by ....................................................................................................................................... .
<br /> My commission expires:
<br /> (Seal)
<br /> .....................................................................
<br /> (Notary Public)
<br /> .
<br /> STATE OF Nebraska............................ . COUNTY OF �L........................................ } ss.
<br /> This instrument was acknowledged before me this .......25th.._.. day of.....June,,,1999
<br /> . ...........................
<br /> by THOP�,.S..5:..NABITY,..PRESIDEL�TT
<br /> cB�s��55
<br /> ..........................................................................................
<br /> orEntity .......................................... ........................................................................................ (Title(5))
<br /> ...
<br /> Acknowledgmeng o f GIE�]T,..L!:L•.C:.�.A.NELRASKA,LIMITED..LIABILITY..C!O1�ANY....................... cNar»C or�s�s��s5 0�s���ty�
<br /> a ............................................................................................... on behalf of the business or entity.
<br /> My commission expires:
<br /> Seal
<br /> ( ) �pi�•N�M N�1� ................ ...:��- .. F.�'�`J�......
<br /> �a`_ _,_ (Notary Public)
<br /> ��OIMI.�' ""�-�
<br /> �
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