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201006654
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201006654
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Last modified
1/11/2011 1:53:38 PM
Creation date
9/15/2010 3:46:56 PM
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DEEDS
Inst Number
201006654
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<br /> <br /> <br /> 201006654 <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. <br /> Notice to one Trustor 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 /> ❑ 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 /> ❑ Crops; Timber; Minerals; Rents, Issues and Profits. Truster 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 /> M 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 "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 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 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 Deed of Trust will remain in effect until released. <br /> ® Agricultural Property. Trustor covenants and warrants,, ,at t ncipally for agricultural or <br /> farrning purposes and that Trustor is an individual or ~~Ml' wftda T il.60*41111j"I& nd as specified by law. <br /> El Separate Assignment. The Truster has executed or wil h t of leases and rents. If <br /> the separate assignment of leases and rents is pro rf,y x d,, then the separate assignment <br /> will supersede this Security Instrument's "Assignment of Leases and Rents" section. <br /> ❑ Additional Terms. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Gage 7 of 81 <br /> <br /> E5C)5e'P6u O 1993, 2001 Bankers Systems, Inc., 5t. Cloud, MN Farm AGCO-flE51..NE 1117/1003 <br /> C_ <br />
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