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<br />27. NOTICE. Unless otherwise required by lawi 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.
<br />Notice to 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 applicable to, but do not limit, this Deed of Trust:
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<br />o 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 />o Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Trustor owns now or in the
<br />future and that are or will become fixtures related to the Property.
<br />
<br />o Crops; Timber; Minerals; Rents, Issues and Profits. Trustor grants to Beneficiary a security interest in all crops,
<br />timber, and minerals located on the Property as well as all rents, issues, and profits of them including, but not
<br />limited to, all Conservation Reserve Program (CRPI and Payment in Kind (PIKI payments and similar
<br />governmental programs (all of which shall also be included in the term "Proper;W"I.
<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
<br />owns now or in the future and that are used or useful in the construction, ownership, operation, management,
<br />or maintenance of the Property. The term "personal property" specifically excludes that property described as
<br />"hous~hold goods" secured in CQnnection with a "consumer" loan as those terms are defined in applicable
<br />federal regulations governing unfair and deceptive credit practices.
<br />
<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 the
<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, the following are applicable to this Deed of Trust:
<br />
<br />D 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 />
<br />o Agric:ultural Property, Trus" ,t, o"rp"",.o,'.y.~~,fln",l!.l,;,El..l),d, ',w,.,."""a",rr, a,nts.""t, "h1, the Property will b~ used principally for .awicultural or
<br />farming purposes and thr!.Tf:I.!~~CPJ dfi !lfillm~I~~~,"-l(l.1 tar ~tit allowed to own agnculturalland as speCified by law.
<br />
<br />D Separate Assignment. The Tl'<\J!Stl:lr itia~\exect;!tl\lP qr will, xecute a separate assignment of leases and rents. If
<br />th.e separate ass!gnmenf, tlfJ'leEises:, and'.~e,n.t~:J~~Eroperlyexe,cuted and recorde~, then the separate assignment
<br />Will supersede thiS Secudty'lnsttul1iefj'f"s "ASSignment of Leases and Rents" section.
<br />
<br />o Additional Terms,
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<br />~ <C 1993.2001 Banke" System.. Inc.. St. Cloud. MN FDrm AGCQ'RESI.NE 1/17/2003
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