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<br />200604812
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<br />26.
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<br />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 />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.
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<br />V.e.e. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust:
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<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.
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<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 pro!,'Tams (all of which shall also be included in the term "Property").
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<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.
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<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.
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<br />27.
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<br />28.
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<br />29.
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<br />OTHER TERMS. If checked, the following are applicable to this Deed of Trust:
<br />D 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 />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 />D Additional Terms.
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<br />DESIGNATION OF HOMESTEAD
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<br />Pursuant to the Farm Homestead Protection Act, designation ofhomesteadD is attached to this Deed of Trust and made a
<br />part hereofD 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 />D ALiua) authority was granted to the parties signing below by resolution signed and dated ______________________________________ .
<br />TK BABEL PROPERTIES, L.L.C. fka
<br />Entity Name:ENCINGER PROPERTIES II, L. L. C.
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<br />/~----~------------------------------------.-.-.-.-.-.--'
<br />(Signature)THOMAS E BASEL, Member
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<br />Entity Naml
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<br />(Signature)
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<br />(Signature) (Signature)
<br />D Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br />acknowledgments.
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<br />ACKNOWLEDGMENT:
<br />STATE OF _ _________________. _ .. __. _______________________ __ __. __ _ , COUNTY OF _ ____ __ __.... __ _ __, _ __________________________ __ _. __ __ ____ J Ss.
<br />{Individual) This instrument was acknowledged before me this ___________________ day of ._______________________ .d......'____________________________
<br />b;'
<br />My commission expires:
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<br />(Seal)
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<br />-... - - - - - - - - -- --------- - - (Notary l'ubHc)' - --------- - - - - - - - - - - - - - - - - -..
<br />
<br />(Business
<br />Or Entity
<br />Acknowl~dgmc=J1t)
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<br />STATE OF Ji!~l?+,<i'_~~~________________._ __,_____________________ ,COUNTY OF ~_~~_~_________....__,________________________________ } ss.
<br />This instrument was acknowledged before me this ~5tJ:l. ,________ day of t4.aY..?.9.9_L________________ ~____ _ _ _ __________
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<br />- -- -- -- - ------ ------- -- -- -- ..Y--- ------------ - ---- --. -- --- ----- ------ -- ---- --:;t' 7~ ~/J11
<br />My co=:~ ~~n . . mmmmumm.' :1(,.btfmmumu' ~m
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<br />~01993 Bankers Systems, Inc., SI. Cloud, MN Form AGlCO-DT-NE 1/30/2002
<br />~.C164( NE) (0307)
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