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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 trust. by an instrument recorded in the county in which this Deed of Treat 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 mad
<br />to the appropriate party's address on page 1 of this Deed of Trust, or to any other address desigamed in writing. Notice in
<br />one nustor will be decanted to be notice to all imstors.
<br />28. U.C.C. PROVISIONS. If checked, the following are applicable lo, but do not limit, this Deed of Trust:
<br />❑ Construction Lean. This Deed of Trust secures an obligation incurred for the construction of an improvement on
<br />the Property.
<br />❑ Fixture Filing. Trusnor grants to Beneficiary a security interest in all goods that Truster 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. Truster grows 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 he included in the term "Property ").
<br />❑ Personal Property. Truster grams 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. '1'rustor 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 />Unifonu 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'I'find:
<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 Properly. 'Ihstor covcmnN and warrants that the Property will be used principally for agricultural
<br />or farting purposes and that Truster is an individual or entity allowed to own agricultural land as specified by law.
<br />❑ Additional Terms. - ................................. ........................ . ........... .... ..
<br />.............................................................................................................. ...............................
<br />..................................................................................................... ............................... I.......
<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 />pan 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 lemns and covenants contained in this Deed of Trust and in any
<br />attachments. Truster also acknowledges receipt of a copy of this Deed of'I'east on the date stated above on Page 1.
<br />❑ Acmal authority was granted to the parties signing below by resolution signed and dated .... ............................... .
<br />E,uity N.ri . .......................... ............................... F.Nlly Nmne .. ... .............. ......................................
<br />(Siglamce)aUHN 0. V E R M A A S (Date) (Si mrc) (Date)
<br />............ NICIK VER ............... _........................D.... ...... .. ....................
<br />(Sigmmre)JANICE K_VEBMAAS (Nate) (Si ee) (Nate)
<br />❑ Refer to the Addendum which is attached and incorporated herein for additionai Trusters, signatures and
<br />acknowledgments.
<br />ACKNOWLEDGMENT:
<br />STATE OF NAPOAMA ... ............................... COUNTY
<br />.................. _..... _..................... } as.
<br />F,.,OF
<br />cbnaoel This instrument was acknowledged before me this .:3.L.7ym,.......
<br />day of. ........... ...... yAr{NARY.. ;Pp2 .................
<br />by :1NNN R.AEPMAAS, JANIGE.K, YkflMAAS:bRS8AN0.AN0 WIPE ...................
<br />My commission expires: I �I, $004
<br />............................l ........ . ......... _.... .
<br />�
<br />IifN ENAL NO TAR V-
<br />ehraska
<br />RHUNDAR GUTNNECHT
<br />(ileary
<br />.,Gmm. by tan. 29,2004
<br />STATEOF ............ ............................... . COUNTY OF
<br />................. ............................... 1 ss.
<br />This instrument was acknowledged before me this ....................
<br />day of....,............... ...............................
<br />by... ............... ............................. ..... ........ ........................................
<br />....................................
<br />xm..tmem,mi of ... .............. ...................................................... ................
<br />_.......................... tnan�m.mcmr)
<br />a ...... _ ................ _... ....... ..... ...................................
<br />................... on behalf of the business or amity.
<br />My commission expires:
<br />(Seal) ......................................
<br />...............................
<br />(Notary Public)
<br />E ®1997 fYnbn SyAkmv.Inc., Lt LImE. MN Fe,m PG/LOOT NF 39 /3001 ...es.fti
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