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200704633 27. NOTICE. Unless .otherwise required by law, any natice shall be given by delivering it .or by mailing it by first class mail ta the appropriate party's address an page 1 .of this Deed .of Trust, .or ta any ather address designated in writing. Natice ta .one trustar will be deemed ta be natice ta all trustars. 28. U.C.C. PROVISIONS. If checked, the fallawing are applicable ta, but da nat limit, this Deed .of Trust: o Construction Loan. This Deed .of Trust secures an abligatian incurred far the canstructian .of an impravement an the Praperty. o Fixture Filing. Trustar grants taBeneficiary a security interest in all gaads that Trustar awns naw .or in the future and that are or will became fixtures related ta the Praperty. o Crops; Timber; Minerals; Rents, Issues and Profits. Trustar grants to Beneficiary a security interest in all crops, timber, and minerals lacated an the Praperty as well as all rents, issues, and prafits .of them including, but nat limited ta, all Canservatian Reserve Pragram (CRP) and Payment in Kind (PIK) payments and similar gavernmental pragrams (all .of which shall alsa be included in the term "Praperty"). o Personal Property. Trustar grants ta Beneficiary a security interest in all persanal praperty located on .or cannected with the Property. This security interest includes all farm praducts, inventary, equipment, accaunts, dacuments, instruments, chattel paper, general intangibles, and all ather items .of persanal property Trustar awns naw .or in the future and that are used .or useful in the canstructian, .ownership, .operation, management, .or maintenance .of the Praperty. The term "persanal praperty" specifically excludes that praperty described as "hausehald gaads" secured in connectian with a "cansumer" laan as thase terms are defined in applicable federal regulatians gaverning unfair and deceptive credit practices. o Filing As Financing Statement. TfUSlJ agrees and ackn.owledges that this Deed .of Trust alsa suffices as a financi...ng st.at.8.. tn. .ent and as. su.CIT,......m. ..~..' '. e filed .of recard as a financing statement .of purp.oses .of Article 9 .of the Unifarm commeroial Cade. A ;catlJ.tm ph.ot.ographic, image .or ather reproductian .of this Deed .of Trust is sufficif/.Q.t.~~.3.i' tiI)9.n9Lqa~lqt~~~~ 29. OTHER TERMS. If checked, the fallawing are applicable ta this Deed .of Trust: o Line of Credit. The Secured Debt includes a revalving line of credit provisian. Althaugh the Secured Debt may be reduced ta a zera balance, this Deed .of Trust will remain in effect until released. o Agricultural Property. Trustar cavenants and warrants that the Pr.operty will be used principally far agricultural .or farming purpases and that Trustar is an individual .or entity allawed ta awn agricultural land as specified by law. o Separate Assignment. The Trustar has executed or will execute a separate assignment .of leases and rents. If the separate assignment .of lease,'? af},Q....LeQl.s, is properly executed and recorded, then the separate assignment will supersede this Security Instruroeflb'S' ~Assignment~of Leases and Rents" sectian. '.' ~ 'H~ r',:' ' o Additional Terms. 1{'~ . .,". ~ @1993. 2.0.0 1 Bankers Systems, Inc.. St. Cloud. MN Form AGCQ-RESI-NE 1/1712.0.03 !- (page 7 of 8)