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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 />
<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 />
<br />28. V.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust:
<br />
<br />D Construction Loan. This Deed of Trust secures an obligation incurred for the construction of an improvement on
<br />the Property.
<br />D 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 />D 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 protits 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 />
<br />D 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 />
<br />D Filing As Financing Statement. Trustor agrees and acknowledges that this Deed of Trust also suffices as a
<br />tInancing 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
<br />sufficient as a financing statement.
<br />
<br />29. OTHER TERMS. If checked, the following are applicable to this Deed of Trust:
<br />[i] Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may
<br />be reduced to a zero balance, this Deed of Trust will remain in effect until released.
<br />
<br />D 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
<br />law.
<br />
<br />D Additional Terms.
<br />
<br />DESIGNATION OF HOMESTEAD
<br />
<br />Pursuant to the Farm Homestead Protection Act, designation of homesteadD is attached to this Deed of Trust and made a
<br />part hereofD has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof.
<br />
<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 />D Actual authority was granted to the parties signing below by resolution signed and dated '' __, __, __
<br />
<br />Entity Name;
<br />
<br />------~
<br />
<br />Entity Name;
<br />
<br />
<br />--tn~~,.. f<"r:X~LQJu/u
<br />
<br />(Signarure) MARCIA K. SCHWADERER
<br />
<br />';A'A)mmmmm (s~.!L~
<br />
<br />rs....,~ttached and incorporated herein for additional Trustors, signatures and
<br />
<br />(Individual)
<br />
<br />ACKNOWLEDGMENT:
<br />STATE OF l:'l'l;ll?r,a"s,ltCi , , COUNTY OFIiCl,ll
<br />This instrument was acknowledged--befon: rnethis ~~~___:-:_____dayof Apr_.:!--_l___--?()()!L___
<br />brED A. MEININGER AND CARMEN MEININGER, HUSBAND AND WIFE
<br />My commission expires:
<br />
<br />} ss.
<br />
<br />(Seal)
<br />
<br />
<br />GENERAl NOT MY - State of Nebraska
<br />DAVID RICHARDSON
<br />My Comm. Exp. April 27, 2008
<br />
<br />~(VJ) t<v~~,
<br />
<br />(Notary Public)
<br />
<br />STATE OF _______ __ ______ _______
<br />This instrument was acknowledged before me this,
<br />by
<br />
<br />, COUNTY OF
<br />day of
<br />
<br />} ss.
<br />
<br />(Business
<br />or Eotity of
<br />Admowlcdgmoot)
<br />
<br />(Ti,.I.(s))
<br />
<br />a
<br />My commission expires:
<br />(Seal)
<br />
<br />(Na.m~ of Business or Entity)
<br />on behalf of the business or entity.
<br />
<br />(Notary Public)
<br />
<br />~01993 Bankers Systems, Inc" St, Cloud, MN Form AG/CO-DT-NE 1/30/2002
<br />.-C164INEII03071
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<br />paye 6 of 6
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