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<br />200601540
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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.e.e. 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.
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<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 />
<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 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 shaH 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 tcrms arc 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 />sufficient as a financing statement.
<br />
<br />29. OTHER TERMS. If checked, the following are applicable to this Deed of Trust:
<br />o 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 wiH 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.
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<br />o Additional Terms.
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<br />DESIGNA TION 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 hereofW has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof.
<br />
<br />SIGNATURES: By signing bclow, 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 />o Actual authority was granted to the parties signing below by resolution signed and dated ____________d____.___________________
<br />
<br />~;;d!.l?~....nnnnnmnnm..... ::;:::nnnmnm....nnnnnnnnnnnnnnnn....nmnm.
<br />
<br />(~:~-:~N~~--- ------------------- --- - - - (Signat~~j - - -- -- - - - - ---- -- -------- - - - - --- - - - . - - - - - - - - - ---------- - - ------
<br />
<br />D Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br />acknowledgments.
<br />
<br />ACKNOWLEDGMENT:
<br />STATE OF ~~_;'_~ljI_~?i:_________________________d" .__________, COUNTY OF ~c;t,aJI1lj1______________________________________________J Ss.
<br />(Individual) This instrument was acknowledged before me this p th_ __ __ __ _ __ _ day of ~~_rua,z:y __ g Q Q JL __ __ __ __ _ __ __ ___ __ __ _ ___
<br />by LEONARD J RAINFONH JUID DIANA L ..MINFORTH, HUSBAND Am> WIFE. .
<br />My commission expires: a a Leonara RaJ.ntorth ap.d DJ.a!1a. .R,P~J. f rth
<br />&EN' (. f1-~ A/;'
<br />"em) .J;"'" s:r"i' ;.':.,~ Neb"'" . n n m~mnnmnnnm m (N m m;;;;;t;mnnnm m m m
<br />
<br />STATE OF _____________:______~_~mm. Exp. Dee. 11. 2008 _____, COUNTY OF _._ _______________________________________ . . ________ } ss.
<br />This instrument was acknowledged before me this _______________ day of _________d _______________________________________________
<br />
<br />by ______________ _ ____ _ _ _ __ _________________ ____ __ _ __ __. . _ ____ _______________________________ __ _.... _.__ __ ___________________ __ __ _. .. _ __ __ ___________ ________
<br />
<br />(Business
<br />or Entity
<br />Acknowledgment) of
<br />
<br />(Title(.))
<br />
<br />. ...... _.. (Name of Business or Entity)
<br />
<br />a
<br />_______________________________n_ ,
<br />My commission expires:
<br />(Seal)
<br />
<br />_ __ __ __ _ __ __ __ __ __ __ __ __ __ __ __ _ __ _ __ _ _ __ d. _ __ _ __ __ __ __ __ __ __ __ __ __ ___ ".. on behalf of the business or entity.
<br />
<br />(N otary Public)
<br />
<br />~01993 Bankers Systems, Inc.. St. Cloud, MN Form AGlCO-DT-NE 1/30/2002
<br />e-C164( NE) (0307)
<br />@
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