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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 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 Doan. 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. 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 />❑ 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 ...................................................................................... ...............................
<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 Q ? /. ?.lf 2 Q0,5 . . . . . . . . . . . ... . . . . .
<br />SHUM PUTERM, ITS:
<br />Entity Name: ........... ............ Entity Name: ............ ............. ...............................
<br />............ ... . . .. .... ...... ............................... ... . ....... ....................................
<br />(Signature) (Date) (Signature) (Date)
<br />Joel Shafer, M,3tbw Joel Shafil T17Ci].vidLB1
<br />........................................ ............................... ........................................ ...............................
<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:
<br />STATE OF ............ ............................... . COUNTY OF ................. ............................... } ss.
<br />(Indivi(Jual) This instrument was acknowledged before me this .................... day of................... ...............................
<br />by........................................................................................................ ............................... .
<br />My commission expires:
<br />(Seal)
<br />...................................... ...............................
<br />(Notary Public)
<br />STATE OF .. , COUNTY OF MErx1C�c
<br />..................
<br />This instrument was acknowledged before me this .... §� .......... day of........... . ..........................
<br />(Business
<br />by .. jaa. sj-ia:Epx ............................................................ ...............................
<br />*�,,�,,_,,�
<br />or lindty ......... . . . . . AJ' �s- 1... u!': ��V�! �4r....... ��qq...,.,'�...............
<br />............................................... ............... (Title(s))
<br />Acknowledgment) of ........... ....1afe . wj., j,' M ... ............................... (Name of Business or Entity)
<br />a ............ . ............................... ..... on behalf of the business or entity.
<br />My co
<br />STEVE M. I.AMON
<br />#; aENERAL% MY COMMISSION EXPIRES ( tar
<br />F6nwy 27,2W6
<br />t% Ci 1993 Bankers Systoms, Inc., St. Cloud, MN Form AG /CO -DT -NE 1/30/2002 page 6 of 6
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