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❑ Construction Loan. This Deed of Trust secures an obligation incurred for the construction of an improvement on the Property. ❑ Fixture Filing. Truster grants to Beneficiary a security interest in all goods that Truster owns now or in the future and that are or will become fixtures related to the Property. ❑ Crops; Timber; Minerals; Rents, Issues, and Profits. Trustor grants to Beneficiary a security Interest in all crops, timber, and minerals located on the Property as well as all rents, issues, and profits of train Including, but not limited to, all Conservation Reserve Program (CRP) and Payment In Kind (PIK) payments and similar governmental programs (all of which shall also be Included in the term "Property") ❑ Personal Property. Trustor grants to Beneficiary a security interest In all personal properly located on or connected with the Property. This security interest includes all faun products, inventory, equipment, accounts, documents, Instruments, chattel paper, general intangibles, and all other items of personal property Trustor owns now or in the future and that are used or useful in the construction, ownership, operation. management, or maintenance of the Property. The term "personal property" specifically excludes that property described as "household goods" secured in connection with a "consumer" loan as those terms are donned in applicable federal regulations governing unfair and daeAtinve credit practices. ❑ Filing As Financing Statement. Trustor agrees and acknowledges that this Deed of Trust also suffices as a financing statement and as such, may be filed of record as a financing statement of purposes of Article 9 of the Uniform commercial Code. A carbon, photographic, Image of other reproduction of this Deed of Trust is sufficient as a financing statement. 213. OTHER TERMS. If checked, the following are applicable to this Deed of Trust: ❑ Line of Credit. The Secured Debt Includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Deed of Trust will remain In effect until released. ❑ Agricultural Property. Trustor covenants and warrants that the Property will be used principally for agricultural or farming purposes and that Trustor is an Individual or entity allowed to own agricultural land as specified by law. ❑ Additional Terms. DESIGNATION OF HOMESTEAD Pursuent to the Farm Homestead Protection Act, designation of homestead ❑ Is attached to this Deed of Trust and made a part hereof ❑ has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Deed of Trust and In any attachments. Trustor also acknowledges receipt of a copy of this Deed of Trust on the date stated above on Page 1. ❑ Actual authority was granted to the parties signing below by resolution signed and dated Enrty Name: L & P Investments, L.L.C. Islyo®urel Marc Starostka, Member lo^tel ID etel Isipnaturel Ome) IsieneNrel lumel ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and acknowledgments. c� 1 ' UF5;�rcj� (V 1993. 2001 Bankensy -- Inc., St cloud MN F ,n AGCO PESINE 31112002 (Mar J o / B) 200 200209643 27. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust. ❑ Construction Loan. This Deed of Trust secures an obligation incurred for the construction of an improvement on the Property. ❑ Fixture Filing. Truster grants to Beneficiary a security interest in all goods that Truster owns now or in the future and that are or will become fixtures related to the Property. ❑ Crops; Timber; Minerals; Rents, Issues, and Profits. Trustor grants to Beneficiary a security Interest in all crops, timber, and minerals located on the Property as well as all rents, issues, and profits of train Including, but not limited to, all Conservation Reserve Program (CRP) and Payment In Kind (PIK) payments and similar governmental programs (all of which shall also be Included in the term "Property") ❑ Personal Property. Trustor grants to Beneficiary a security interest In all personal properly located on or connected with the Property. This security interest includes all faun products, inventory, equipment, accounts, documents, Instruments, chattel paper, general intangibles, and all other items of personal property Trustor owns now or in the future and that are used or useful in the construction, ownership, operation. management, or maintenance of the Property. The term "personal property" specifically excludes that property described as "household goods" secured in connection with a "consumer" loan as those terms are donned in applicable federal regulations governing unfair and daeAtinve credit practices. ❑ Filing As Financing Statement. Trustor agrees and acknowledges that this Deed of Trust also suffices as a financing statement and as such, may be filed of record as a financing statement of purposes of Article 9 of the Uniform commercial Code. A carbon, photographic, Image of other reproduction of this Deed of Trust is sufficient as a financing statement. 213. OTHER TERMS. If checked, the following are applicable to this Deed of Trust: ❑ Line of Credit. The Secured Debt Includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Deed of Trust will remain In effect until released. ❑ Agricultural Property. Trustor covenants and warrants that the Property will be used principally for agricultural or farming purposes and that Trustor is an Individual or entity allowed to own agricultural land as specified by law. ❑ Additional Terms. DESIGNATION OF HOMESTEAD Pursuent to the Farm Homestead Protection Act, designation of homestead ❑ Is attached to this Deed of Trust and made a part hereof ❑ has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Deed of Trust and In any attachments. Trustor also acknowledges receipt of a copy of this Deed of Trust on the date stated above on Page 1. ❑ Actual authority was granted to the parties signing below by resolution signed and dated Enrty Name: L & P Investments, L.L.C. Islyo®urel Marc Starostka, Member lo^tel ID etel Isipnaturel Ome) IsieneNrel lumel ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and acknowledgments. c� 1 ' UF5;�rcj� (V 1993. 2001 Bankensy -- Inc., St cloud MN F ,n AGCO PESINE 31112002 (Mar J o / B)