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<br />200609957
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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 all the title, power and duties conferred upon the Trustee by this
<br />Deed of Trust and applicable law.
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<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 d<:signated in writing. Notice to
<br />one trustor will be deemed to be notice to all trustors.
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<br />28. U.C.C. PROVISIONS. If checked, the following are appli<:able 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 Fixtm'e 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 locat<:d on the Properly 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 />governm<:ntal programs (all ofwhid1 shall also be induded in the term "Property").
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<br />D Personal Property. Trustor grants to Beneficiary a s<:curity interest in all personal propnty 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 properly 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 thc
<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 />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.
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<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 />DESIGNA TION OF HOMESTEAD
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<br />Pursuant to the Farm Homestead Protection Act, designation of homesteadD is attached to this Deed of Trust and urade 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 cOl1lained 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
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<br />
<br />Entity Nam~:
<br />
<br />(Sigllalur~)
<br />
<br />t~t~ 7h, l}m..n/nt--i..
<br />(~atur~) COLLEEN M DONOVAN (Sigllatur~)
<br />U 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 Nebraska , COUNTY OF Hall } ss.
<br />(Indivirllwl) This instrument was acknowledged before me this t1e...... day of Notle.~v <9-00(,-
<br />b}r TIMOTHY A DONOVAN AND COLLEEN M DONOVAN, HU~SAND WIFE
<br />My commission ~xpJrt~s / /)
<br />GENERAL NOTARY. State of Nebraska 7.("~.~
<br />. " RONALD H. BIE NBERG
<br />(S~al) Exp () (Notary Pu lIe)
<br />My Comm. .
<br />
<br />
<br />STATE OF
<br />This instrument was acknowledged before me this
<br />by
<br />
<br />, COUNTY OF
<br />day 0 I'
<br />
<br />} ss.
<br />
<br />(BlI~jness
<br />or bnt][y
<br />At:kllowledp.ment) of
<br />
<br />(Title(,1I
<br />
<br />(N,lJne oj" BIJ.~illt~.~.~ or Entity)
<br />
<br />a
<br />My commission expires:
<br />(S~al)
<br />
<br />on behalf of the business or entity.
<br />
<br />(Notary Public)
<br />
<br />~~.M 01993 Bankers Systems. 1100" Sl. Cloud, MN Form AG/CO-DT-NE 1/30/2002
<br />S-C164(NEl (0307)
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<br />pa.cJl.' 6 olB
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