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<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.
<br />Notice to one tustor will be deemed to be notice to all trustors.
<br />28. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust:
<br />^ Construction Loan. This Deed of ,Trust secures an obligation incurred for the construction of an improvement on
<br />the Property.
<br />® Fix#ure 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 />® 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 (CRP) and Payment in Kind (PIK) payments and similar
<br />governmental programs (all of which shall also be included in the term "Property"-.
<br />® Personal Property. Trustor grants to Beneficiary a security interest in all personal property located on cr
<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 ir1 the future and that are used or useful in the construction, ownership, operatipn, management,
<br />or 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
<br />federal regulations governing unfair and deceptive credit practices.
<br />® Filing As Financing Statement. Trustor agrees and acknowledges that this peed 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 />29. OTHER TERMS. If checked, the following are applicable to this peed of Trust:
<br />^ Line of Credit. The Secured Debt ine1udes a revolving line of credit provision. Although the Secured Debt may be
<br />reduced to a zeta balance, this Deed of Trust will remain in effect until released.
<br />® Agricultural Property. Trustor covenants and warrants that the Property will be used principally for agricultural or
<br />farming purposes and that Trustor is an individual or entity allowed to own agricultural land as specified by law
<br />^ Separate Assrgnm~rl~ T~1,~ Trustor has executed or will execute a separate. assignment of leases and rents. If
<br />the separate, a5$I~hmdr~t bf ,~e~se~. ans~ [ants is properly executed and recorded, then the separate assignment
<br />will sup reed's Chts'S~~~r1~' ~~fti~t ument s.°,Assignment of Leases and Rents" section.
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<br />^ Additional Terms.
<br />/page 7 of 8J
<br />Fj(M ©1993, 2001 bankers Systems, Inc., St. Cloud, MN Farm AGCO•RE51-NE 1/17/2003
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