Laserfiche WebLink
204909278 <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 peed of Trust: <br />Construction.Loan. This peed-of Trust secures an obligation incurred for,the vortstruvtion vf,an,imprvvement on <br />the Property. <br />® Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Trustor awns now or in the <br />future and that are or will become fixtures related to the Property. <br />® Crops; 7imbar; 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 tv, 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 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 />"household goods" secured in connection with' a "carisu'me~" 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 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 peed of Trust is <br />sufficient as a financing statement. <br />29. OTHER TERMS. If checked, the following are applicable to this Deed of Trust: <br />^ Lina 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 />® Agricultural Property. Trustor covenants and warrants that the Property will be used principally far agricultural or <br />farming: purposes and.. that Trustor is an. individual or entity aalowed. to own,;agricultural land as specified by law. <br />' ' ^ ,Separate Assignment. The Trustor has executed, or will execute a separate, assignment of'`leases' an'd rents. If <br />the separate assignment of leases and rents is properly executed arld'r~cord'ed thin .the separate assignment <br />will supersede this Security Instrument's "Assignment of Leases'$n~d ~ierYfa''~§eCtion.' <br />^ Additional Terms. <br />