|
.....------
<br /> 99 107571
<br /> 26. SUCCESSOR TRUSTEE. Bene�ciary, 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. Tfie successor trustee,
<br /> without conveyance of the Property, shall succeed to a11 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 sha11 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 any 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 Profits. 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 similar
<br /> governmental programs (all of which shall also be included in the term "Propetty").
<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 a11 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. T'he 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 governing unfair and deceptive credit practices.
<br /> ❑ FYling 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 cazbon, photographic, image or other reproduction of this Deed of Trust is sufficient
<br /> 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 Debt may be
<br /> 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 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. ....................................................................................................................
<br /> .............................................................................................................................................
<br /> .............................................................................................................................................
<br /> DESIGNATION OF HOMESTEAD
<br /> Pursuant to the Fann 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 /> SIGNATLTRES: 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 /> Entiry Name: THOP!l;�S,D;,HOF��UM........................ Entiry Name: PAMEI�A,HOHNBATJM
<br /> : ....................................
<br /> AS SBAi�ID Al�ID WIFE AS HLTSBAl�ID AND WIFE
<br /> � �'''��yg
<br /> .... ... ........... ........... .. ......................... .........................................
<br /> (Signa e) (Date) (Signature) (Date)
<br /> -
<br /> .��:.:-:�s���'..�.:�������.�...::....... .......................................................................
<br /> (Signature) � (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 Nebraska............................ . COUN'TY OF ���........................................ } ss.
<br /> c��a���a��� This instrument was acknowledged before me this ......22??�...... day of....July,,,,1999,,,,,,,,,,,,,,,,,,,,,,,,,,,
<br /> by ,THONlAS,D.,,HOHNBAUM,and..PAMEL�A,HOHNB�IJM,..AS ,SB�ND,AND WI and AS HUSBAI�ID..
<br /> .... ... ................. .
<br /> My commission expires: i— �
<br /> (Seal) GENERAI NOTARY•Slate ot Nebraska
<br /> 111 JOSEPH R.DOBROVOLNY ..... . .. ..... ................ . . .... . . .......... .....
<br /> My Comm.Exp.Sept.3,2000 (Notary Public)
<br /> STATEOF ........................................... . COUNTY OF ................................................ } ss.
<br /> This instrument was acknowledged before me this .................... day of...................................................
<br /> ca�5��55
<br /> by .........................................................................................................................................
<br /> or En[ity ..................................................................................................................................... (Title(s))
<br /> Acknowledgment) Of ................................................................................................................... (Name of Business or Entity)
<br /> a ............................................................................................... on behalf of the business or entity.
<br /> My commission expires:
<br /> (Seal)
<br /> .....................................................................
<br /> (Notary Public)
<br /> (: 1 • ..
<br /> 4 .
<br /> , � m 1993 Bankers Systems,Inc.,St.Cloud,MN�1-800-397-23411 Form AG/CO-DT-NE 10/30/97 page 6 of 6
<br />
|