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'� .., 3r 201Q08725 27. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail ta tha apprapriate party's address on page 1 of this Deed of Trust, or to any other address designated in writing. Notice to cane trustor will be deemed to be notice to all trustors. 28. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this peed of 7rust: ❑ Construction Loan. This Deed of Trust secures an obligation incurred for the construction of an improvement on the Property. �I Fixture Filing. Trustor grants to Beneficiary s security interest in all goods that Trustor nwns now or in the future and that are or will become fixtures related to the Property. ❑ Crops; Timber; Minerals; Rents, Issues and Profits. Trustor grants ta Beneficiary a security interest in all crops, timber, and minerals located on the Praperty ss well as all rents, issues, and profits of them including, but not limited to, all Conservatinn Reserve Program (CRP) and Payment in Kind (PIK) payments and similar govarnmental programs (all of which shall also be included in the term "Property"►. [�I Personal Property. Trustor grants to Beneficiary a security interest in all personal property Iocated on or connected with the Property. This security interest includes all farm products, inventory, equipment, accounts, dacuments, instruments, chattel paper, general intangibles, and all other items of personal property Trustor owns now or in the future and that are used or useful in the construction, ownership, aperstion, management, ar maintenance of the Property. The term "persanal property" specifically excludes that property described as "household goods" secured in connection with a"consumer" loan as those terms are defined in applicable federal regulations governin� unfair and deceptive credit practices. ❑ Filing As Financing 5tatement. l"rustor agrees and acknowledges that this Deed of Trust also suffices as a financing statement and as such, may be filed of recard as a financing statement of purposes of Article 9 of the Uniform commercial Code. A carbon, photographic, image or other reproduction of this Deed of Trust is sufficient as a financing statement. 29. OTHER TERMS. If checked, the following are applicable to this Deed of Trust: ❑ Line of Credit. The Secured Debt includes a revolving line of credit provision. Althnugh the Secured Debt may be reduced tv a zero balance, this Deed of Trust will remain in effect until released. ❑ Agricultural Property. Trustar cavenants and warrants that the Property will be used principslly for agricultural or farming purposes and that Trustor is an individuel or entity allowed ta awn agricultural land as specified by law, ❑ Separate Assignment. 7he Trustor has executed or�will execute a separate assignment of leases and rents. If the separate assignment of leases and rents is properly executed snd recorded, then the separate assignment will supersede this Security Instrument's "Assignment of Leases and Rents" section. � Additionall"erms. �j-� � 1993, 2001 Bankare Systems, Inc., St. Cloud, MN Form AGGD-RESI-NE 1117l2003 �� / � 1�88a � or a�