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<br />200608857
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<br />26. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time removc Trustee and appoint a
<br />successor trustee hy 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 hy this
<br />Deed of Trust and applicahle law.
<br />
<br />27. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or hy 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. U.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 />[i] 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 />o Cl'OpS; 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 PCI'sonal 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" 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 />[i] 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 Crcdit. 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 wi II be used principally for agricultural
<br />or fanning purposes and that Trustor is an individual or entity allowed to own agricultural land as specified by
<br />law. .
<br />
<br />D Additional Tcrms.
<br />
<br />DESIGNATION OF HOMESTEAD -~
<br />
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead[~] 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 />SIGN A TURES: By signing below, Trustor agrees to the terms and covenants containcd in this Deed of Trust and 111 <my
<br />attachments. Trustor also acknowledges receipt of a copy of this Deed of Trust on the date stated above on Page].
<br />[i] Actual authority was granted to the parties signing below by resolution signed and dated 10/02/2006
<br />O'CO~.~ R. ENTERPRISES, INC.
<br />Entity Nam~: ..r Entity Namt
<br />
<br />(Signature)RAYMOND J 0' CONNOR, President
<br />
<br />(Signature)
<br />
<br />(~atur~)
<br />U Refer to the Addendum
<br />acknowledgments.
<br />
<br />(Signatur~)
<br />which is attached and incorporated herein for additional Trustors, signatures and
<br />
<br />ACKNOWLEDGMENT:
<br />STATE OF
<br />(Individual) This instrument was acknowledged before me this
<br />
<br />by
<br />My commission ~xpires:
<br />
<br />, COUNTY OF
<br />day of
<br />
<br />]- ss.
<br />
<br />(S~al)
<br />
<br />(Notary Puhlic)
<br />
<br />(Business
<br />or Entity
<br />Adlll1Wlr.dglll\;l1t)
<br />
<br />STATE OF Nebraska , COUNTY OF $/r",g.,
<br />
<br />This instrument was acknowledged before me this 2nd day of October 2006
<br />byRAYMOND J O'CONNOR President
<br />of 0' CONNOR ENTERPRISES, INC., A NEBRASKA CORPORATION
<br />
<br />} ss.
<br />
<br />a Corporation
<br />My commission ex
<br />(Seal)
<br />
<br />Ires:
<br />GENERAL NOTARY - State of Nebraska
<br />RONALD H. a LENBEAG
<br />My Comm. Exp tJ
<br />
<br />. /". .. _. ..... . 0.11. behal f of the business or entity.
<br />
<br />~~JlL,
<br />
<br />rjr'tary Public)
<br />
<br />~rtl:: 01993 Bankers Sy>tern,. lne.. St. Cloud. MN Form AG/CO-DT.NE 1/30/2002
<br />.-C164(NE) (0307)
<br />@
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