|
<br />.' ,
<br />
<br />-.
<br />
<br />200708340
<br />
<br />-.
<br />
<br />, ,
<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 the 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 />28. V.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust:
<br />
<br />o Construction Loan. This Deed of Trust secures an obligation incurred for the construction of an improvement on
<br />the Property.
<br />o 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 />o 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 (PlK) 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 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 />o 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 sufficient
<br />as a financing statement.
<br />
<br />29. OTHER TERMS. If checked, the following are applicable to this Deed of Trust:
<br />o Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be
<br />reduced to a zero balance, this Deed of Trust will remain in effect until released.
<br />o 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 law.
<br />
<br />o Additional Terms. ....................................................................................................................
<br />
<br />DESIGNA TION OF HOMESTEAD
<br />Pursuant to the Farm Homestead Protection Act, designation of homestead 0 is attached to this Deed of Trust and made a
<br />part hereof 0 has been disclaimed; the disclaimer is attached to this Deed of Trust and made a part hereof.
<br />
<br />SIGNATURES: By signing below, Trustor agrees to the 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 the date stated above on Page 1.
<br />Iil Actual authority was granted to the parties signing below by resolution signed and datedO.S/.17./.2QO.7.................. .
<br />
<br />~?f::.'.;~
<br />
<br />(Signature) T~~Frl.eSen, Member (Date) I
<br />
<br />Entity Name: .........................................................
<br />
<br />(Signature)
<br />
<br />(Date)
<br />
<br />(Signature) (Date) (Signature) (Date)
<br />
<br />o Refer to the Addendum which is attached and incorporated herein for additional Trustors, signatures and
<br />acknowledgments.
<br />
<br />(Individual)
<br />
<br />ACKNOWLEDGMENT:
<br />STATE OF ........................................... ,COUNTY OF ................................................ } ss.
<br />This instrument was acknowledged before me this.................... day of..................................................
<br />
<br />by........... ............ ........ ........ ............ ..... ........... ..... .......................................... ................. .... .
<br />
<br />My commission expires:
<br />(Seal)
<br />
<br />(Notary Public)
<br />
<br />(Business
<br />or Entit.y
<br />Acknowledgment)
<br />
<br />STATE OF ...~~:r:~~~.......................... ,COUNTY OF .....t:'1~~~.'?~............................... } ss.
<br />This instrument was acknowledged before me this ...... ..1:-1. t:~... day of.. S. ~ .L-:..~... ~CJR1.................
<br />
<br />by .. .~@. .W~. .r.~~.~~~f. .M~:J::.............................................................................................
<br />
<br />. .. . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . .. .. . . . .. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . .
<br /> . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. (Tille(s))
<br />
<br />of ..r.. W.o. . .fx;i,~$.~n. .~. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .. . . . . . . . . . . . . . . . .. . . . . . . . .
<br /> . . . . . .. (Name of Business or Entity)
<br />
<br />a . Limited. Liability..Campany............ .' .................. .................. on behalf of the business or entity.
<br />My comm~~~~on expires: ....A.:-::...~~.............
<br />
<br />I GENERAl NOTARY. State of Nebraska (Notary Public)
<br />DAVID D. SWANSON
<br />My Comm. Exp. May 10, 2010
<br />
<br />
<br />~ @ 1993 Bankers Systems. Inc., St. Cloud. MN Form AG/CO-OT.NE 1/30/2002
<br />
<br />page 6 of 6
<br />
<br />J.fa~. ,
<br />
|