Laserfiche WebLink
<br />200607891 <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 n:corded 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. <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. V.C.C. PROVISIONS. If checked, the following arc 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 /> <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 <br />sufficient as a financing statement. <br /> <br />29. 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 /> <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. <br /> <br />D Additional Terms. <br /> <br />DESIGNATION OF HOMESTEAD <br /> <br />Pursuant to the Farm Homestead Protection Act, designation of homesteadD 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. <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 ______________________________________ . <br /> <br />z:t&ntity e:NSH, LdLC I----t:l------------ <br /> <br />...-----~----------- ---_&~--------------------- <br /> <br />(Signature)GORDON D COBLE, CO-MANAGER <br /> <br />Entity Naml <br /> <br />(Signature) <br /> <br />~__cX.__~ckv_ <br /> <br />(~ature) DEBBIE L RERUCHA, CO-MANAGER (Signature) <br />U Refer to the Addendum which is attached and incorporated herein for additional <br />acknowledgments. <br /> <br />Trustors, signatures and <br /> <br />ACKNOWLEDGMENT: <br />STATE OF __ __ __ __ _ __ __ __ __ _ ____ __ _ ____ __ ______ _ __ __ __ , COUNTY OF _ __ __ _ __ __ _ ___ ____ ___ ____ __ _ ___ <br />(Individual) This instrument was acknowledged before me this __ __ __ __ __ __ _ _ __ day of __ __ __ __ __ __ ___ _ __ __ __ _ __ _ ____ <br />by <br />My commission expires: <br /> <br />_______________J ss. <br /> <br />(Seal) <br /> <br />- - - -- -- -- -- - (Noiary-P-tibHc)' -- -- <br /> <br />(Busilless <br />t)t Eutity <br />Aclmowledgmcnt) <br /> <br />STATE OF _NElbrM*~L __ __ __ ___ __ __ _ _ ______________ ,COUNTY OF _H_~_1.1_____________ ______ ___ _________________ } ss. <br />This instrument was acknowledged before me this :U_s_t:. __ __ __ day of ~~_9:l:1_~_~ __?()() f) __ __ __ __ __ __ __ __ __ __ __ __ __ _ __ ___ <br />by GORDON D COBLE CO-MANAGER, DEBBIE L RERUCHA CO-MANAGER <br />of NSH, LLC <br /> <br />a L:L~:L_~~_<;l. __I.i,a,l:>i,:L:L 1;.y__ __ __ __ __ __ __ _ __ __ _ _ <br />My c " ion~2'.Eires: <br /><I.' a a~~.EENERAL NOi;;~y:-Stai~-oiNiJb,;j'~a <br />~~ WILLIAM L. McLELLAN <br />...:7_> M Comm. Ex . Au ,12,2008 <br /> <br />~_.../! /1 <br />_ ,,_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ,. _ ., _ _ _ _ _ _ _ _ _ _ :/1<1.(.". -,,~ -!'. - - - - - - - - - - -,.. ~" - - - - - - - - - - <br />::::::::::::_:__________'._~______ __~..._-~"___ _.___.......?n ~~t't" l1USin.~.A .~..'.->>o._.,... ......... ntity. <br />/( ~ ) i"t? C-; '?b <br />;:;;(40/.../. .~....nn'n...~ <br /> <br />(Notary Public) <br /> <br />C-06-0B-019221 <br /> <br />~0'993 Bankers Systems, Inc., St. Cloud, MN Form AGlCO-OT-NE 1130/2002 <br />.-C164( NE) (0307) <br />(p) <br /> <br />page 6 of 6 <br />