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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 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
<br />future 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 "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 governing 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
<br />sufficient 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
<br />be reduced to a zero balance, this Deed of Trust will remain in effect until released.
<br />0 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
<br />law.
<br />® Additional Terms. Maturity Date is July 23, 2024 .
<br />-- - ------- - ---- - - - - -- - - - -- -- - - - --
<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 />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 -- 07/23/2004
<br />Stumpff Farms, LLC, a Nebraska Limited Liability Compan
<br />d O %
<br />Craig Eve tt $tumpfj, Member Date
<br />44, - -off
<br />�` / D
<br />(Signature) Deborah Ann Burges Member (Date) `(Signature) Steven Paul Stu2npff, Member (ate)
<br />(lgnature) Kevin Otho Stumpff, Member (Dace) (Signature) athrC r n Begley, Mem r (Date)
<br />�Cg
<br />0 Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br />acknowledgments.
<br />ACKNOWLEDGMENT: ti / i
<br />STATE OF
<br />(Individual) This instrument
<br />by
<br />My commission
<br />(Seal)
<br />, COUNTY OF
<br />da)
<br />STATE OFxebraska -------- _ ---- _---- COUNTY OF
<br />This instrument was acknowledged before me this 2 4th day of Jul ,
<br />- - -- - - - -- - - - - - --
<br />byDeborah Ann Bur_gesser Member., Otho Stumpff Member, Craig
<br />- - - - --
<br />(BUSInCSS
<br />Member, Steven Paul Stumpff Member, and Katl- "'Carolyn Begley
<br />or Endty
<br />Acknowledgment) I Stumpf f Farms, LLC,_ a Nebraska Limited_ Liability_ Company
<br />a Limited Liability - - on behalf of the business or entity.
<br />- - - - - -- - - - - - -- - -
<br />`�
<br />My cow
<br />(S 119ENERA N�WAy- N
<br />CAROL CHRISTEN --
<br />Mt Comm. Exp. Febr. Z (Notary ic)
<br />s
<br />- - -- - - - - - - -- - -- - --
<br />200 -4
<br />----- - - - - --
<br />Everett Stumpff
<br />Member of
<br />1993 Bankets. T -NE 3/8/2001
<br />page 6 of 6
<br />-C164(NE) 10100.02
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