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<br />26. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and yappoint a
<br />successor trustee by an instrument recorded m the county in which this Deed of Trust 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 mail
<br />to the appropriate party's address on page 1 of this Deed of Trust, or to any other address designated in writing. Notice to
<br />one trustor will be deemed to be notice to all trustors.
<br />28. 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, Trastor 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 />• Crops; Timber; Minerals; Rents, Issues, and Profits. Trustor 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 Payment 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 />El 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 the
<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 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
<br />or farming purposes and that Trustor is an individual or entity allowed to own agricultural land as specified by law.
<br />• Additional Terms. ... .......... ..I....... ..... ..... a::....... :: ..............
<br />......... ....... ........................ ...... ... ................................ ..........................
<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 />part hereof ❑ has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof.
<br />SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this 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 />tie: .... ......... .......: ........ ...... Entity Name:......:. ....... ........:.. ..............
<br />,(signatu ennetFA. Lancaster (Date) (signature) ......... . ....... ................ .....
<br />(Date)
<br />.............
<br />Z
<br />.....
<br />ignature are anca er (Date) (signature) (Dare)
<br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br />acknowledgments.
<br />ACKNOWLEDGMENT: n ,
<br />STATE OF N@I7A*AK ......... ...... , COUNTY OF .. "" .' ................ ..... ) ss.
<br />(lmivmuIl) - -- This instrument was acknowledged .before me this ......51b ...... day of ... : :..........�0A8. 2402 ..................
<br />by XonnelhA, HUM114.404 Wife ....... .......
<br />My commissio ENENALNOTAPY- Stuso/NOnska
<br />(sue) II MICHELLE L. HUNT ::
<br />v.. I.."'...........
<br />_ MY Conan. EV. Aug. 16. 2003
<br />(No ary lblic)
<br />STATE OF ............................................ COUNTY OF ......... :: ................. : :: ) ss.
<br />This instrument was acknowledged before me this .................... day of............................. .................
<br />by....................................................................................... ............................... ........I.....
<br />(ldeto)
<br />"tartar
<br />Ador,wl.koeno of ...... :: .........: ....., ... :: :::... r: n r ............ Name or amimu m Entity)
<br />a ......... ......... ._..I .... ............... ..........................___on behalf of the business or entity.
<br />My commission expires:
<br />(seal) :: :::
<br />(Notary Public)
<br />' 01993 tunkars Syetema, Inc., St.. Cloud, MN Form AG /CO -DT -NE 31812001 page 6 o16-
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