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<br />200602351
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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 aU 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. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust:
<br />[i] 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 (CRP) and Payment in Kind (PIK) payments and similar
<br />governmental programs (aU of which shaU also be included in the term "Property").
<br />
<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 aU 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" specificaUy 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 />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
<br />sufficient 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
<br />be reduced to a zero balance, this Deed of Trust will remain in effect until released.
<br />o 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 />DESIGNATION OF HOMESTEAD
<br />
<br />Pursuant to the Farm Homestead Protection Act, designation of homesteadO 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 />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 />o Actual authority was granted to the parties signing below by resolution signed and dated __ __ __ __ __ ____
<br />
<br />Entity Name:
<br />
<br />Entity Name:
<br />
<br />~--~-.-/ ------
<br />(s'~'7J;; BR~ mmmu
<br />
<br />(~ature)ANN BRUNS (Signature)
<br />U Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br />acknowledgments.
<br />
<br />(Signature) .
<br />
<br />ACKNOWLEDGMENT:
<br />STATE OF Ne})_r_~s)~a _ __ ____________ , COUNTY OF Hall__ ___________ _ _ ___ ______J ss.
<br />(Individual) This instrument was acknowled ed before me this l,~:tI1____ day of ~_rch 20()Ei_________
<br />DfO ~5Md~OWib SiaN! ~eimmJ , HUSBAND AND. WIFE '''''''''', <.........~~,...
<br />My ,=/~;,L~nc~~E;~,~~L1~L~~ ~/0~>d-.~~~
<br />
<br />(Seal) (No ry Public)
<br />
<br />STATE OF__________ ______________ . -- ,COUNTY OF______________ _
<br />This instrument was acknowledged before me this day of
<br />by _ _____________ .___________.____ ___________
<br />
<br />} ss.
<br />
<br />(Busint;SS
<br />ur EntilY of
<br />Aoknowl<<lgment)
<br />
<br />. (Title(s))
<br />
<br />(Name nf Business 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., SI. Cloud, MN Form AG/CO-DT-NE 1/30/2002
<br />S.C164INE) (0307)
<br />@
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<br />page 60f6
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