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2003001'72 26. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee by an insttumem recorded in the county in which this Deed of Trust is recorded. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon the Trustee by this Deed of Trust and applicable law. 27. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page I of this Deed of Trust, or to any other address designated in writing. Notice to one truster will be deemed to be notice to all trusters. 28. U.C�.—C't .PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust: uhOnStrue'tlon Loan. This Deed of Trust secures an obligation incurred for the construction of an improvement on the Property. Fixture piling. Truslor grants to Rencliciary a security interest in all goods that Truster owns now or in the future and that are or will become fixtures related to the Property. n Crops; Timber; Minerals; Rents, Issues, and Profits. Tmstor grants to Beneficiary a security interest in all crops, timber, and minerals located on the Properly as well as all rems, issues, and profits of them including, but not limited to, all Conservation Reserve Program (CRP) and Payment in Kind (PIK) payments and similar governmental programs (all of which shall also be included in the term "Property "). 0 Personal Property. Toaster grants to Beneficiary a security interest in all personal property loealcd on or connected with the Property. This security interest includes all farm products, inventory, equipment, accounts, documents, instruments, chattel paper, general intangibles, and all other items of personal property Trustor owns now or in the future and that are used or useful in the construction, ownership, operation, management, or maintenance of the Property. The term "personal property" specifically excludes that property described as "household goods" seemed in connection with a "consumer" loan as those terms are defined in applicable federal regulations governing unfair and deceptive credit practices. 0 Filing As Financing Statement. Truster agrees and acknowledges that this Decd of Trust also suffices as a financing statement and as such, may be filed of record as a financing statement of purposes of Article 9 of the Uniform Commercial Code. A carbon, photographic image or other reproduction of this Decd of Trust is sufficient as a financing statement. 29. OTHER TERMS. If checked, the following are applicable to this Deed of Trust: 0 Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Deed of Trust will remain in effect until released. 0 Agricultural Property. Trustor covenants and warrants that the Property will be used principally for agricultural or farming purposes and that Truster is an individual or entity allowed to own agricultural land as specified by law. Additional Terms. ------------------------------------------------------------ __________________ ___ _______________________________ DESIGNATION OF HOMESTEAD Pursuant to the Pam Homestead Protection Act, designation of homestead= has been waived = has been disclaimed; the specific designation terms are attached to this Deed of Trust and made a part hereof. SIGNATURES: By signing below, Truster agrees to the terms and covenants contained in this Deed of Trust and in any attachments. Trustor also acknowledges receipt of a copy of this Deed of Trust on the date stated above on Page 1. 0 Actual authority was granted to the parties signing below by resolution signed and dated Date: Dec 30, 2002 ----- -.-- - - - - -- -- EntlryNamc: ,,II 3I _______ V_ B �'�'p11'`�� Lin a Hof`f� (Sigeamre)x11en v eo (3i m� (sigvamac) (Signature) n Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and acknowledgments. ACKNOWLEDGMENT: 1� STATE OF _ _ _ _ COUNTY OF !lwnne�eu This instrument was acknowledged before me this -- Q day of _ _ _ E_ y �.A fO ell' by Allen V Hoffer, Linda Hoffer ________ _ My commission expircv: 7 ( Hi6NL110TARt- SNNNxedWn _______________ wwywlul�l Mm0ry Public) Iy0mmEm.ha 6.260E STATE OF ------------------ ------- _ CO TY OF 4 ss. This instrument was acknowledged before me this_________ day of __________________ bY____________________ _______________________________ (anslams ______________ ___________________ TLIe(xl) miry ActrgwlWp{a,.ml Of (Nwm of aoalrcv "Emlfi) a ------------------------------------------------------ on behalf of the business or entity. My commission expires: (Seal) 1 V93 Bmkar 9ydm b ev. Ina.. 61. Glw MN 4a,m A6f(10 er NE 9/8/2001 (Notary Public) ® •CI641NE) (0107.02 e,6