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6 r�, ►`hi�li
<br />241QU8967
<br />27. NOTICE. Unless otherwise required by law, any notice shall be giv�n by delivering it or by mailing it by first class mail
<br />to the appropriate party's address on page 1 of this Deed af Trust, ar 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 af Trust secures an obligation incurred for the construction af an impravement on
<br />the Property.
<br />❑ Fixture �iling. 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; Timbar; 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 nat
<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 includ�d in the term "Praperty").
<br />❑ Personal Property. Trustor grants to Beneficiary a security interest in all persanal property located on or
<br />connected with the Property. This security interest includes all farm praduc#s, inventary, 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 canstruction, ownership, operation, management,
<br />or maintenance of the Property. The term "personal property" specifically excludes that prpperty 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 Cade. A carbon, photoaraphic, image or other reproduction of this Deed of Trust is
<br />sufficient as a financing statem�nt, �
<br />29. 07HER T�RMS. If�checked, the following are applicable to this Deed of Trust:
<br />❑ Line af Credit. The 5ecured Debt includes a revolving line of credit provision. Althaugh the 5ecured Debt may be
<br />reduced to a zero balance, this Deed of Trust will remain in effect until released.
<br />� Agricultural Property. Trustor cpvenants and warrants that the Property will be used principally for aaricultural or
<br />far�ing-p+�pvses ar�d t#�at•Tr�astor is an individual or entity allowed to own agricuttural land as specified by law.
<br />❑ SeRarate. Assignment. The Trustor has executed or will execute a separate assignment of leases and rents. If
<br />the! separate. as$ignment of: leases and rents is properly executed and recarded, then the separate assignment
<br />wilf supersede this Security fnstrument's "Assignment of Leases and Rents" section.
<br />� Additional Terms.
<br />All water and water rights, (whethar riparian, appropriative or otherwise, and whether or nat appurtenant tu the a6ove
<br />descri6ed real property) wells, well parmits, ditchas, ditch rights, raservair rights, storage rights, and watar stock (herainafter
<br />referred to collectively as "water rights") that may naw, or at any time in the future, 6e used in connection with the a6ove
<br />descri6ed real property.
<br />Trustor is prohibited from selling, assigning, or otharwisa conveying its interest in water rights that may now, nr at any time in
<br />the future, 6e used in cnnnectian with the real property withaut recaiving prior written consent from tha Beneficiary.
<br />Beneficiary covenants to fully utilize all water rights that may now, or at any time in the future, 6e used in connection with the
<br />raal property while the daad of trust�mortgage is in effact in order tn minimize tha risk uf a6andonment af such water rights.
<br />, _ lpage 7 af 8l
<br />L,2(�n L>
<br />�"" OO 1993, 20q1 Bankers 5ystems, Inc., St. Cloud, MN Form AGCO-RE5I-NE 1(17l2003 ��
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