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200206859 <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 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 I 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 tmstors_ <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. 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 />❑ 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 Payment in Kind (PIK) payments and similar <br />governmental programs (all of which shall also be included in the tern "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 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 fanning purposes and that Trustor is an individual or entity allowed to own agricultural land as specified by law. <br />❑ Additional Terms ...................................................................................... ............................... <br />............................................................................................... ............................... I .............. <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 />Entity Nance: . ............................... ......................... Entity Name: ................. <br />......... ............................... <br />(Sign) imothy R. O'Neill; J i4 P Nelli (Date) (Signature) ............................. .......... _..............(Date) <br />r... `! ���/ 1,td ........................... <br />Thomas . a Neill " ' " " " " "' <br />(Signature) (Date) (Signature) (Date) <br />❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and <br />acknowledgments. <br />ACKNOWLEDGMENT: ,/f <br />STATE OF NO rm0a ............._ ................. , COUNTY OF .... �j k!" C f� <br />.... ............................... ) ss. <br />phmww„ p This instrument was acknowledged before me this ....... 21st......, day of ................... June, 2092 .................. <br />by Tjmothy. R; O'Neill;. Thornas W, O'Neill; Joseph _P._0'Neill,,,,,,,,,,,,,,, <br />My commission expires: <br />(Seal) GENERAL NOTARY• "" .. � <br />Slate M Nebraska 9 ntary Public) <br />JAC4UELYN J. POLLOCK <br />My COMM. 4 &. 19, 2005 <br />STATEOF ............ ............................... . COUNTY OF ................. ............................... ) ss. <br />This instrument was acknowledged before me this .................... day of.................... ............................... <br />by................................................................ ............................... <br />(Busi "ems ........... ............................... <br />"rEmur .................. ................... ................._............................ ............................... Cr;u W) <br />................ .. <br />Ack�nwtedgmenn of ................................................................................... .............._................ (Nmne of B.fi.s mEEity) <br />a ................................................................ ............................... on behalf of the business or entity. <br />My commission expires: <br />(Seal) <br />.,' (Notary Public) <br />