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~ 200604529 26. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee by an instrument recorded in the county in which this Deed of Trust is recorded. The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon the Trustee by this Deed of Trust and applicable law. 27. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail to the appropriate party's address on page I of this Deed of Trust, or to any other address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. 28. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust: [i] Construction Loan. This Deed of Trust secures an obligation incurred for the construction of an improvement on the Property. D Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Trustor owns now or in the future and that are or will become fixtures related to the Property. D Crops; Timber; Minerals; Rents, Issues, and Profits. Trustor grants to Beneficiary a security interest in all crops, timber, and minerals located on the Property as well as all rents, issues, and profits of them including, but not limited to, all Conservation Reserve Program (CRP) and Payment in Kind (PIK) payments and similar governmental programs (all of which shall also be included in the term "Property"). D Personal Property. Trustor grants to Beneficiary a security interest in all personal property located on or connected with the Property. This security interest includes all farm products, inventory, equipment, accounts, documents, instruments, chattel paper, general intangibles, and all other items of personal property Trustor owns now or in the future and that are used or useful in the construction, ownership, operation, management, or maintenance of the Property. The term "personal property" specifically excludes that property described as "household goods" secured in connection with a "consumer" loan as those terms are defined in applicablc fcderal regulations governing unfair and deceptive credit practices. D Filing As Financing Statement. Trustor agrees and acknowledges that this Deed of Trust also suffices as a fmancing statement and as such, may be filed of record as a financing statement of purposes of Article 9 of the Uniform commercial Code. A carbon, photographic, image or other reproduction of this Deed of Trust is sufficient as a financing statement. 29. OTHER TERMS. If checked, the following are applicable to this Deed of Trust: D Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Deed of Trust will remain in effect until released. D Agricultural Property. Trustor covenants and warrants that the Property will be used principally for agricultural or farming purposes and that Trustor is an individual or entity allowed to own agricultural land as specified by law. D Additional Terms. DESIGNATION OF HOMESTEAD Pursuant to the Farm Homcstead Protcction Act. designation of homesteadD is attached to this Deed of Trust and made a part hereofD has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof. ACKNOWLEDGMENT: STATE OF ._._.._"_n________.______..___n_'______._______________ , COUNTY OF .______.__nn.n.._.___.__.____~..................___...n.J ss. (IndiriduaI) This instrument was acknowledged before me this no_......_________ day of ___~.._~______...m.m__..._________ ......m................ Dr My commission expires: (Seal) -- - - -- - - -- -. - - - - - - - - -- -- - -- -- -......... - .-(NotliiY - Piiblic)...... - -- --. - -............... ..... (Bill;,,".. or Entily AClalllWledlllll'llQ STATE OF_~~_:;-_~_~~~Lmm....m....m.................n_ . COUNTY OF #_a_:q:,............._.._.___"._._._mmn..._._...m } ss. ~o==~~._w~L.~~=~~t~~,~.lk_tP/;rf~l{;~~c~~~~.-2:~;ir~~__.;;iA1;)t.~........-;;.Z;A- of NORTH POINT, L .L. C., A LIMITED LIABltI':!!y J=~ -- - . 1x-:./____-.. - /..: ..- page 8 of 6