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<br />200602183
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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.
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<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 />28. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust:
<br />
<br />o Construction Loan. This Deed of Trust secures an obligation incurred for the construction of an improvement on
<br />the Property.
<br />o 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 />o 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 (eRP) and Payment in Kind (PIK) payments and similar
<br />governmental programs (all of which shall also be included in the term "Property").
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<br />o 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.
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<br />o 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.
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<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 />o Agriculturall>roperty. 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.
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<br />o Additional Terms. ....................................................................................................................
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<br />DESIGNATION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead 0 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.
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<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 I.
<br />o Actual authority was granted to the parties signing below by resolution signed and dated Q.4 I. 0.~.!.4 R 0.9.................. .
<br />
<br />Entity Name: ... ShR-.f~.:r.. .:r.f~P'~,J;".tJ.~~,... ;r,..,,l;,. ~.C;:; .-..
<br />
<br />Entity Name: .........................................................
<br />
<br />
<br />- Member
<br />
<br />(Date)
<br />
<br />(Signature)
<br />
<br />(Date)
<br />
<br />(Signatur Joel sh fer _ Individual (Date) (Signature)
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<br />o Refer to the Addendum which is attached and incorporated herein for additional
<br />acknowledgments.
<br />
<br />(Date)
<br />Trustors, signatures and
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<br />ACKNO~~~~~;~~...... .. .llilf~4;\.. .. ....... , COUNTY pF ..... ./~Jnl-:~ . . .. . . . . . . ....... . . . . .. } ss.
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<br />(Individual) This instrument was aG),<:nowledged b<::f~re re this .......2. ~~~. .. . .... day of.. JNJ..(C,. L ..1!;,1....'"'&'R., .. .. .. .. .. .. .. .. .. .. .. .
<br />by .............;~~..>~~%.f.-....hx\\f.':OX.\\.............................~. .'...........~~.... .... ...................... .
<br />My co .' . 'o.
<br />Seal eneral Nota:y . State of Nebracka .' " ......
<br />iUi\WELLC .................. (N~~;y '~h 'c) ..... ................
<br />My C:~I:Ol [,), JJ:/ ~J, 20CC!
<br />
<br />I
<br />STATE OF .........1Jtb'~b:\................. , COUNTY OF ......M..e.l.(id~........................: } ss.
<br />Th' . kid db" h' '1011- d f f\~""'a,h ZC01/J
<br />ls~J.~lm~~,-~; n<?w~~m.~; me t IS .......~........... ay 0 .......':".'U.........................'":1"".............
<br />
<br />by ..........................................................................................................................................
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<br />.......r.;... 'k;' "\:S"::'" ;," t" .,:...... [.Lc:........................................................~................:.. '.'" (Tllle(s))
<br />of .. ..~fu.... ....... .~...t:f~.';::;"........................... ................... ,... ...... ..tJftl.......:,. .1.......... (Name ot Busm"" or Entlly)
<br />a .........ry.1~m~.........................................................tiwi. .......... on . : Qf the business or entity.
<br />My commission expires: ;'. " "'::>
<br />(Seal) . . ---
<br />enera\Notary-Stat8tA"- ............ . . .. (No~;y.P~bl;~)...........................
<br />G KARA WELLS
<br />MY Comm. Exp. July 20, 2009
<br />
<br />
<br />systems, Inc., St. ClOUd, MN Form AG/CODT.NE 1/30/2002
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<br />page 6 of 6
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<br />(Ilusiness
<br />or Ent.ity
<br />Acknowledgment)
<br />
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