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200611061 D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending or threatened investigatIOn, claim, or proceeding relating to the release or threatened release of any Hazardous Substance or the violation of any Environmental Law. 12. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. ' 13. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but docs not sign an evidence of debt, Trustor docs so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between BeI~eficiary and Trustor, Trusto~ agrees to waive any rig,hts .that ~ay pre~ent .Benefic~ary from bringing any .ac~ion or claim aga.mst.~rustor or any party mdebted uI.Ider the obl!.gatlOp. .1hese rIghts may mclude, .but are not ..IImlted to, any antl-def"IClenel, ~)r one-actIOn la~s: The dutIes and benehts of thIS Secunty Instrument shall bmd and beneht the successors and assIgns 0 1 rustor and BencfIcIary. 14. SEVERABILITY; INTERPRETATION. This Security Instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument. attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variations bX written agreement. If any section of this Security Instrument cannot be enforced according to Its terms, that section wIll be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this Security Instmment. Time is of the essence in this Security Instmment. 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a successor trustee without any other form~lity than the design~tion in :vriling. The successor tru~tee~ wit~out conveyance of the Property, shall succeed to all the tItle, power and dutIes con/erred upon Trustee by thIS Secunty Instrument and applicable law. 16. 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 1 of this Security Instmment, or to any other address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. 17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Property. 18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may be reduced to a zero balance, this Security Instrument will remain in effect until released. 19. APPLICA~LE LAW. This SeCl~rity ~ns!rument is governed by the laws as agre~d to in the Secured Debt, ex~ept to the extent reqUIred by the laws of the JunsdlctIOn where the Property IS located, and apphcable federal laws and regulatIOns. 20. RIDERS. The co~en~nts an~ agreements of each of the riders checked below are incorporated into and supplement and amend the terms of thIS Secunty Instrument. I Check all applicable boxes] [XJ Assignment of Leases and Rents 0 Other.......................................................................,.,......,............ 21. 0 CONSTRUCTION LOAN. This Security Instrument is a construction security interest which secures an obligation incurred for the construction of an improvement on the Property. 22. [] ADDITIONAL TERMS. SIGNATURES: By signing below, Trustor agrees to the terms and covenants contained in this Security Instrument and in any attachments. Trustor also acknowledges receipt of a copy of this Security Instrument on the date stated on page 1. PLATTE FARMS, INC. ~ ' .......... ? w/li!fJ,................J?/!1/a6 (Signatu~ (Date) (Signature) (Date) ACKNOWL:~;~~~r.:..~. .. .~..........,.................., COUNTY OF .....{~I'l........."F........................J ss. (IndiviJull) Th' W k 'wJ?j,g~ dbI' "th' ~~:~ ()f '." f?:~~ ~c.rR., . by 'A$'1i)a4:nr..~."~~~i/...4lti1,4~~............. ...~. ... ... ... ....... My commi s' nexpires: .......aHi:,f?~................................. (Notary Puhlic) GElWL NOTARY-Slale of Ko~rask~ ROBERT L. DANE My Comm. Exp. Ja~~~~:~~J ~ @ 1994 Ballkers System>, Ine" St. Clnud, MN Form OCp.REDT,NE 5/10/2005 (page 4 of 4)