200214623 - Laserfiche WebLink

Browse

200214623 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. Truster 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 them including, but not limited to, all Conservation Reserve Program ICRPI and Payment in Kind (PIK) payments and similar governmental programs (all of which shall also be included in the term "Property" ). ❑ Personal Property. Truster grants to Beneficiary a security interest in all personal property located on or connected with the Property. This security interest includes all farm products, inventory, equipment, accounts, documents, instruments, chattel paper, general intangibles, and all other items of personal property Truster 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 defined in applicable federal regulations governing unfair and deceptive credit practices. ❑ Filing As Financing Statement. Truster 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 or other reproduction of this Deed of Trust is sufficient as a financing statement. 28. 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. Truster covenants and warrants that the Property will be used principally for agricultural or farming purposes and that Truster is an individual or entity allowed to own agricultural land as specified by law. ❑ Additional Terms. DESIGNATION OF HOMESTEAD Pursuant 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. Truster 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 Entity Name: Denature) betel Islenamrel loarel ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and acknowledgments. ®1993. 20n1 Bankers flat" ,Inc, Sc Cloub MN Poem A.Bo Erie kE 1110002 (page 7 of 8) " AL. vla r la" YLt /1 . l sipnaturel HARVEY L B HH loatal isgnai SANDRA H. BUHR (oarel Denature) betel Islenamrel loarel ❑ Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and acknowledgments. ®1993. 20n1 Bankers flat" ,Inc, Sc Cloub MN Poem A.Bo Erie kE 1110002 (page 7 of 8)