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200300016
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Last modified
10/15/2011 1:40:38 PM
Creation date
10/21/2005 3:45:08 PM
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DEEDS
Inst Number
200300016
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200300016 <br />27. 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 Truster 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. Truster grants to Beneficiary a security interest in all craps, <br />timber, and minerals located on the Property as well as all rents, issues, and profits of them including, but not <br />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. Truster 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 <br />owns now or in the future and that are used or useful in the construction, ownership, operation, management, <br />or 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 <br />federal regulations governing unfair and deceptive credit practices. <br />❑ Filing As Financing Statement. Truster 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 />28. 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 or <br />farming purposesand that Truster is an individual or entity allowed to own agricultural land as specified by law. <br />❑ Additional Terms. <br />DESIGNATION OF HOMESTEAD <br />Pursuant to the Farm Homestead Protection Act, designation of homestead ❑ is attached to this Deed of Trust and <br />made a part hereof ❑ has been disclaimed; the disclaimer Is attached to this Deed of Trust and made a part hereof. <br />SIGNATURES: By signing below, Truster agrees to the terms and covenants contained in this Deed of Trust and in any <br />attachments. Truster also acknowledges receipt of a copy of this Deed of Trust on the date stated above on Page 1. <br />❑ Actuel authority was granted to the parties signing below by resolution signed and dated <br />Entity Name. L & P Investments LLC <br />Iswnaturel Danny Starostka, Member (Date) <br />usix.m., (Date) (signature) bale( <br />❑ Refer to the Addendum which Is attached and incorporated herein for additional Trusters, signatures and <br />acknowledgments. <br />Exgf Qlrr3, dW1 earMertc,asena, her, Se oll MN formNGCO 1151 NE zlz2a2 (me.7 fa) <br />
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