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200304713 <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. Truster 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 crops, <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 />gnvernmental 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 Truster <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 chaaka0, 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 Jn effect until released. <br />❑ Agricultural Property. Truster covenants and warrants that the Property will be used principally for agricultural or <br />farming purposes and 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 />❑ Actual authority was granted to the parties signing below by resolution signed and dated <br />Erna, N.ar, Kevin Woodward Canstruc im Custom Renovation l '''1,O2 /n <br />.m.e1 avm . oodwwd, Presl'I�nt to °t.l (agave -1 wet A. Woodward, Secretary <br />Isis"o —i N.tel lslg °.wee lo.t.l <br />❑ Rater to the Addendum which is attached and incorporated herein for additional Trustors, signatures and <br />acknowledgments. <br />P i ss , ac, io, —Iyo— l- .1, C1-1, .. 1— fies, a, ' 1111.11 (rw ° 7.18) <br />