|
<br />200702721
<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 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 tlle 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 1 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 are applicable to, but do not linit, this Deed of Trust:
<br />
<br />D Construction Loan. This Deed of Trust secures an obligation incurred tc)r the construction of an improvement on
<br />the Property.
<br />
<br />[i] Fixture Filing. Trustor grants to Beneficiary a security interest in all goods tIlat Trustor owns now or in the future
<br />and that are or will become tixtures 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 />o 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 tIle future and that are used or useful in tIle construction, ownership, operation, management, or
<br />maintenance of the Property. The term "personal property" specifically excludes tIlat 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 tIlis Deed of Trust also suffices as a
<br />financing statement and as such, may be tiled of record as a financing statement of purposes of Article 9 of tIle
<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, tIle 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 />o Additional Terrns.
<br />
<br />---."---------------..._-------------._-------------.--------------- .._---------------.._---------------""-----------------"._-------
<br />
<br />.-------------- -----------------..---------------.,"--------------..-------------..._-----------.-."----------------..._--------------.._--------------.,..,-------
<br />
<br />------------- ------------------ ---------------..._------------..._----------._"--------------.-"._-----------------. --------------..._--------------.-,..._-------
<br />
<br />DESIGNA TION OF HOMESTEAD
<br />
<br />Pursuant to tIle Farm Homestead Protection Act, designation of homesteacC] is attached to this Deed of Trust and made a
<br />part hereofCiJ has been disclaimed; tIle disclaimer is attached to this Deed of Trust and made a part hereof.
<br />
<br />SIGNA TVRES: By signing below, Trustor agrees to tIle 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 tIle date stated above on Page 1.
<br />o Actual authority was granted to the parties signing below by resolution signed and dated _....______________...________________ .
<br />
<br />Entity Name: __________. ~__ _____________ _______________ ________________.
<br />
<br />~-^ - --- - - . - -------------
<br />
<br />(Signature) IiEON'Aiiif J RAI RTH
<br />
<br />Entity Name: ________ __. _.. _ _ _ _ ________ __ ___." ___________ ___..... _______________
<br />
<br />(Signature) :
<br />
<br />(~~- -f;fi;:~-1Zh.--------- --... - - - ------ (Sig~~~;~) - -..... - - - ------------- -... - - - --- --- - - - - - - -.., - - - - -- ------- - - -.... - - - - - - --
<br />
<br />o Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br />acknowledgments.
<br />
<br />ACKNOWLEDGMENT:
<br />STATE OF ~~?_~~~~~___________. __ __ ___________. ,.. ._________ , COUNTY OF __ _______________ _ __.. _ __ ____________.... __ __ _____________.. J ss.
<br />(Individual) This instrument was acknowledged before me tIlis ~Q~h.._________ day of ~_~_;-_C?_J:l.__?_9.Q!..____________.._____________.____ _______
<br />
<br />
<br />~:~~~~T ~'~:zzu~um~~)UUUU uuuuuu
<br />
<br />
<br />STATE 0 .. --------- --- ---- -.. --- ---------- --... __ __ __ _ ____ ___...... ,COUNTY OF __ _ _____ __ __ __ __ _.. __ __ __ _________ __ _ __ __ __ ________.... } ss.
<br />This instrument was acknowledged before me tIlis _________....______ day of _________________...._______________.....__________________
<br />
<br />by ____. __ ._____________.._....______________....._____________.._.______________.._.________________..__._______________..__________________..._________________.
<br />(Busin= (TIUe(s))
<br />or Entity ., -- -- - -------- --. -- -- -- ---- ------ -- -, - - -- -- -- - ------ -., - ----- ---- - ----.... --------- ---- --.. -- ------- ---- - --. _ .. ______________ __. __ __
<br /> __________.".. __ _ ___.
<br />Acl<nowledgmenl) of . __ __ __ __ __ __ __ _. _ __ __ __ __ __ _ __ __ __ _ ., _ __ __ __ __ __ __ __ _, _ _ __ __ __ __ __ __ _.. __ __ __ __ __ __ __ _ __.. _. __ _ __ __ __ __ __
<br /> __ _.. _ __ __ _ __ __ __ __ __ __. _ (Name of Business or Etility)
<br />
<br />a
<br />__....__n___________..____________________._________________.________________..
<br />My commission expires:
<br />(Seal)
<br />
<br />on behalf of the business or entity.
<br />
<br />(Notary Public)
<br />
<br />C-07-03-006596
<br />
<br />~ 01993 Bankers Systems, Ine.. St, Cloud. MN Form AG/CO-DT.NE 1/30/2002
<br />.-C164(NE) 10307)
<br />@
<br />
<br />p~g~ Ii of Ii
<br />
|