|
<br />200600162
<br />
<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 tlrst 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 trustors.
<br />
<br />28. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust:
<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 Benetlciary 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 />
<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 />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
<br />suftlcient as a financing statement.
<br />
<br />29. OTHER TERMS. If checked, the following are applicable to this Deed of Trust:
<br />D 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 />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 />Entity Name:
<br />
<br />(s',,"'illre~.mmumumm (S;g~mre)l m mmmmumumu
<br />
<br />
<br />(13;;;;:~~S: ~:endum:~~ and inco:~~;.;'~~~~ fnr addi110~U~~sto~, ,igna'mes and
<br />
<br />acknowledgments.
<br />
<br />
<br />ACKNOWLEDGMENT:
<br />STATE OF Ne:b_r_a,s}tCl____________________ , COUNTY OF Hall_____________________________ } Ss.
<br />(Individual) This instrument was acknowledged before me this !5t:.ll__ ___ _ day of Jan:u_a,~y__~()() _6 .._ . . __
<br />
<br />
<br />~:::i'~O::X ~~;;.';;:SBAND AND WIFB~ ~~mmuum
<br />
<br />1IyQlmm, EIlp. ~9._
<br />
<br />
<br />STATE OF____________________________________ , COUNTY OF _________________
<br />This instrument was acknowledged before me this _____________ . day of ____________________
<br />
<br />by _ __. __ _ __________ __ __ __ __. __ _ __.. _ __ __ __ __ __ __ __ ____ ____ _ __ __ __ .. _ __ __ _ __ __ _ ______ __ ____
<br />
<br />__ ________ } ss.
<br />
<br />(Business
<br />or Entily of
<br />Acknowledgment)
<br />
<br />(Titlc(s))
<br />
<br />(Name of Busin(;ss or Entity)
<br />
<br />a
<br />-----------------------
<br />My commission expires:
<br />(Seal)
<br />
<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 />.-C164INEI (0307)
<br />@
<br />
<br />page 6 of 6
<br />
|