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2oioo2s9o <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, ar to any other address designated in writing. <br />Notice to one trustor will be deemed to be native to all trustors. <br />28. U.G.G. PRpVISIANS. If checked, the following are applicable to, but da net limit, this Deed of Trust: <br />© Construction Loan. This Deed of Trust secures an obligation incurred for the construction of an improvement an <br />the Property. <br />^ Fixture Fcling. Truster 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 />^ Grops; 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 iCRPi and Payment in Kind iPIK) payments and similar <br />governmental programs (all of which shall also be included in the term "Property"1. <br />^ Personal Property. Trustor grants to Beneficiary a security interest in all personal property located an or <br />connected with the Property. This security interest includes ail farm products, inventory, equipment, accounts, <br />documents, instruments, chattel paper, general intangibles, and all other items of personal property Trustor <br />awns 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 cannectlon 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 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 nr other reproduction of this Deed of Trust is <br />sufficient as a financing statement. <br />29. ATHER TERMS. If checked, the fallowing are applicable to this Deed of Trust: <br />^ 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 peed of Trust will remain in effect until released. <br />® Agricultural Property. Trustnr 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 Assignment. The Trustor has executed or will execute a soparate assignment of leases and rents. If <br />the separate assignment of leases and rents is properly executed and recorded, then the separate assignment <br />will supersede this Security Instrument's "Assignment of Leases and Rents" section. <br />^ Additional Terms, <br />/[///y~/ /S ~ !page 7 018/ <br />~j 77L j ~ 1988, 2001 Bankers Systama, Inc., 6'[. Cbud, MN Fprm AaCb-iiESI-NE 1/77/200$ / ' /,y~„ <br />