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201008695
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201008695
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Last modified
1/11/2011 2:24:31 PM
Creation date
11/22/2010 3:12:05 PM
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DEEDS
Inst Number
201008695
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<br /> <br /> <br /> 201008695 <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, 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 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 /> LI Agricultural Property. Trustor covenants and warrants that the Property i•I I r agricultural or <br /> farming purposes and that Trustor is an individual or entity allov~ed''to CAM"' g r l r Sal e) sp cified by law, <br /> ❑ Separate Assignment. The Trustor has executed or will exec to#a: sepajip a 1 , rg*of `lees s and rents. If <br /> the separate assignment of leases and rents is properly exec "gnl craf°d el;'~rh~n the 5epar6te 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 /> <br /> (page 7 of B) <br /> ~M 01993, 2001 Bankers Systems, Inc., St. Cloud, MN Form AGCO-RESI-NE 1(1712003 <br />
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