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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 truster,
<br />without conveyance of the Property, shall succeed to all the title, power and duties conferred upon the Trustee by this
<br />Deed of Trost 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 I of this Deed of Trost, or to any other address designated in writing. Notice to
<br />one trustor will be deemed to be notice to all trusinrs.
<br />28. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trost:
<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 future
<br />and that are or will become fixtures related to the Property.
<br />f%l Crops; Timber; Minerals; Rents, Issues, and Profits. Truster 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 Pavment 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 Nc
<br />Uniform 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 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 Decd of Trust will remain in effect until released.
<br />® 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 law.
<br />❑ Additional Terms . ..........
<br />............_ .......................__............_.... .................._............ _..._._....
<br />- DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead ❑ is attached to this Deed of Tmst aad made a
<br />part hereof II@ has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof.
<br />SIGNATURES: By signing below, Trustor agrees in the terms aad covenants contained in (his 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 _....... _._._.___ ....... ..... .
<br />EntityName: y.. y............... _...,..._.._ ................... _......_ Fruit, Name: ............ ._..... .... ..... ......... ...................
<br />J RiSPFII P,, t .................. I..........._..._.__..._.
<br />3- Ly -o2..
<br />mrr) A E El (Dot) es gvamr) 1Dxt )
<br />(sgare)SIIAflON81LEY AKASHA NJ. RILEY (Dare) (Slgoaturc) (Dare)
<br />m
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Truslnrs, signatures and
<br />acknowledgments.
<br />ACKNOWLEDGMENT:
<br />,,II
<br />STATE OF N.EIdPMU..._......._.. ....... COUNTY OF
<br />DPI.
<br />.__ . }ss.
<br />This instrument was acknowledged before me this ........ 15TH_
<br />day oL... MARCH 2002
<br />nmm�m,.n
<br />by JAMES B R,IrtLEY, $HABON A14EY QJ(A.$HAeON J RILEY,.Np$9AN0 A,N4.W1fE..
<br />.... ... .... ......... .
<br />My commhssron"e hin5'02 1820
<br />(Sc.� 117'
<br />e .,,SON
<br />(Nrn ry Public)
<br />'
<br />LEE JACOBSEN
<br />STATEOF .... ... ....... ........ _ COUNTY OF .................
<br />_.... ......... }ss.
<br />This instrument was acknowledged before me this ....................
<br />day of ...................
<br />by ................. ..... _.._. ........................ ........._..__......................
<br />.......... ...'.. ..... ......_..............
<br />Maa,a .... .... _.
<br />... .... ... .._ . _..... 11 _ o'eia =n
<br />emr___. .... .......
<br />x,Icro t of _.. ..... _.._.. .... _ ...
<br />............................... _. m
<br />on behalf of the business or entity.
<br />a ......._ ....... .............. ................ ..........._
<br />.......___
<br />My commission expires;
<br />(soap ._ ...................
<br />___ ........ ............................... _.
<br />(Nary Public)
<br />E412� (9 iiaa Pm4e ayatema,l"a„ SC C IOU,, M N 1— t1,11e tt NE lefam1 page 6of6
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