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<br />27. NO710E. Unless otherwise required by law, any natice shall be given by delivering it or by mailing it by first class mail
<br />to the appropriate party's address an page 1 of this Deed of Trust, or to any dther address designated in writinq.
<br />Notice to one trustor will be deemed to I�e n�tice to all trustors.
<br />28. U.C.C. PROVISIONS. If checked, the following ara applicable to, but do not limit, this peed of Trust:
<br />❑ Construction Loan. This D��d of Trust secures an obligatian incurred for the construction of an improvement on
<br />che PrnpPrty.
<br />❑ Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Trustor owns now or in the
<br />f�rture 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 includin�, hut 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 />� Persanal Praper#y. Trustar grants to Beneficiary a security interest in all personal property located on ar
<br />connected with the Property, This security interest includes all farm products, inventory, equipment, accounts,
<br />dcacuments, instruments, chattel paper, general intangi6les, and all other items of personal prnperty Trustor
<br />nwns nnw nr in the future �nd that are used or useful in the constructian, ownership, operation, management,
<br />nr maintenance of the Property. The term "persnnal 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 5tatement. Trustor agrees and acknnwledges 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 �eed of Trust is
<br />s�ifficient as a financing statement.
<br />29. �THER TERMS. If cher.ked, the following are applicable to this beed of Trust;
<br />C� Line of Credit. The 5ecured De6t includes a revolving line of credit provision. Althaugh the 5ecured De6t 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 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 execuke p�a��`"� �ht"Y7'F""f�'�s and rents. If
<br />the separ�te �ssignment of leases and rents is properly execu,t€�"'"�Y���rd ,�"� �parhte assignment
<br />will supersede this Security Instrument's '"Assignment of Leases: and Re �s °3e�.�t��:
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<br />❑ Additinnal7erms.
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<br />�C�o Gi� 1993, 2001 8ankers Systsms, Inc., St. Cloud, MN Form AGCO-RESI-NE 1/17/2003 / p/
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