|
99 11132i
<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 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 /> ❑ �xture 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 shal:also be included in the term "Froperty").
<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. 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 governing unfair and deceptive credit practices.
<br /> ❑ Filing As Financing Statement. Trustor agrees and acknowiedges 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. 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 farnung 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 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 /> SIGNATLJRES: 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 /> Entity Name: DONALD.R:..MIC��2......................... Entity Name: MARGARE'T.P,:..MIQ-iQ�TER
<br /> ..........................
<br /> AS HUSBAND AND WIFE AS H[7SBAND AND WIFE
<br /> . •
<br /> ��C�r��a.� ��:�......../.�.-.�?.�..-.��
<br /> ..1�•. . . ................... ... . . . . . . ...... .
<br /> (Signature) (Date) ( ignatu ) (Date)
<br /> ��i��.�
<br /> ....................................................................... .......................................................................
<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............................ . COUNTY OF ��........................................ } ss.
<br /> c,,,a;�;a�ao This instrument was acknowledged before me this ...... 23rd,,.,,, day of....November,.. 1999
<br /> . ....................
<br /> by DOI�ILD,R.,,MICEIQQEE2,and,MARGARET. A:..MIQi'EL�TER�..AS.HUSBAND,AND„WIFE..and AS,HUS
<br /> My commission expires: ° l— �I( g ��,��
<br /> (Seal) ...�������..Y....1�.1-�.`.l .M. .41...........
<br /> GENERIIL NOTARY•Si�te Ot Nebnska (Notary Public)
<br /> � MICHELLE L.HUNT
<br /> .._ My Comm.Exp.Auq. 16,2003
<br /> STATEOF ........................................... . TY OF ................................................ } ss.
<br /> This instrument was acknowledged before me this .................... day of...................................................
<br /> by .........................................................................................................................................
<br /> �s�s��5s �
<br /> or Entity .....................................................................................................................................
<br /> ( i e(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 /> (Notary Public)
<br /> '
<br /> "'�� , � � a ::
<br /> • � nc 1993 Rankwre Svstwms.Inc...St.Cloud.MN Ii-800397-23411 Form AG/CO-DT-NE 10/30/97 pa,qe 6 of 6 �
<br />
|