<br />200602182
<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 an 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 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 />
<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 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 sufficient
<br />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 be
<br />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 law.
<br />
<br />o Additional Terms. ....................................................................................................................
<br />
<br />DESIGNA nON OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead D is attached to this Deed of Trust and made a
<br />part hereof 0 has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof.
<br />
<br />SIGNA TURES: 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 Q.4! In.l2 R 9.9.................. .
<br />
<br />
<br />Entity Name: .........................................................
<br />
<br />(Date)
<br />
<br />(Signatun: )
<br />
<br />(Date)
<br />
<br />oel Sha r - Indi viduaiJ(Date) (Signature) (Date)
<br />
<br />Defer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br />acknowledgments.
<br />
<br />ACKNOWLEDGMENT: L i tl '0- ...., t't ^ ^ , '",-,"
<br />STATE OF .........l\R....P0lQ\............. , COUNTY OF ......,\J.~.tfY}c;,..ll....................... } ss.
<br />(Individual) This instxent was acknpwledged before me this .....l.r:;;l......... day of....I.II/I.W.r.cr.'\.......~ ..............
<br />b 'co:. '
<br />Jy.~.~;~~s~i.~ e~.~AJnr.dx3.wwoo~ ...................{j... ...~..........;.... ... .................. .
<br />(Seal) __.!~~~~. ............... ...(fJJ.I\....
<br />........,....,.. --.g ftO"'f"nIlWIUID (Notary PubltcT
<br />
<br />STATE OF .... .~.t)(t.~ .1:'.0-................... , COUNJ:Y OF ... Jlu~..~~~.................,...... } ss.
<br />This instrument was acknowledged before me this... .Z, ~............. day of.....~ w:cn........ 2..a:::!..i?..................
<br />by .....w.. .(2t.t\~t.. ...;. .':'(~-y'\1~/.... . . . . . . . . .. . .. . ............. ...... . . . . .. . . .................. . . . . . . . ............... .. . . . .
<br />(/Jus;"."
<br />~e;~~~edgme"t) ~'i ....j ~~i.'. }\~,.(+r~..........L \L............................................................................~..................................................
<br /> :.... .(~~~: ~t~ ;l:';i~~:S o:r~~::::
<br />
<br />a .. ~Q!................................................................ .~~ ",...... on be!::tal ' bUS, iness or entity.
<br />My rzSS1~ ex&tres: ~, r " ,. ----__
<br />, al) ene I N~~A ~~~l~ Nebraska .............. .. .(lNl~~.. .. .. ... . . ..... ~-'~0""" .. ..
<br />
<br />, My Comm. expo JUI:l20~~
<br />
<br />
<br />~ @ 1993 Bankers Systems. Inc" St. Cloud, MN Form AG/CO-DT-NE 1/30/2002
<br />
<br />page 6 of 6
<br />
|