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201140�74 27. NOTIC�. Unless otherwise required by law, any notice shail be given by delivering it or by mailing it by first class mail to the appropriate party's address on page 1 of this Deed of Trust, or ta any ather address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. 28. U.C.C. PROVISIONS. If checked, the following are applicable ta, but do not limit, this Deed of Trust: � Construction Loan. This Deed of Trust secures an abligation incurred for the constructian of an imprnvement on the Property. ❑ Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Trustor owns now or in the future and that are or will become fixtures refated ta the Praperty. ❑ Crops; Timber; Minerals; Rents, Issues and Profits. Trustor grants to Beneficiary a security interest in all crops, timber, and minerals located on the Praperty as well as all rents, issues, and profits of them including, but not limited to, all Conservation Reserve Program (CRP) and Payment in Kind (PIK) payments and similar governmental pragrams (all of which shall also be included in the term "Property"►. ❑ Persanal Praperty. Trustor grants to Benaficiary a security interest in all personal property located on or connected with the Praperty. This security interest includes all farm products, inventory, equipment, accounts, documents, instruments, chattel paper, general intangibles, and all other items of persanal property Trustor awns now or in the future and that are used or usef,ul in the construction, ownership, operation, management, or maintenance of the Property. The term "personal'property" specifically excludes that property described as "household goads" secured in connectian with a"consumer" loan as thase terms are defined in applicable federal regulations governing unfair and deceptive credit practices, 0 Filing As Financing 5tatement. Trustar 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 af 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. OTMER TERMS. If chacked, the following are applicable to this Deed of Trust: ❑ Line of Credit. The 5ecured �ebt includes a revolving line of credit provision. Although the Secured Debt may be reduced to a zero balance, this Deed of Trust will remain in effect until released. ❑ Agricuttural Property. Trustor covenants and warrants that the Property will be used principally for agricultural or farming purposes and that Trustor is an individual or entity allowed to awn agricultural land as specified by law. ❑ Separate Assignment. The Trustor has executed or will execute a separate assignment of leases and rents. If the separate assignment of leases and rents is properly executed and recorded, then the separate assignment will supersede this Security Instrument's "Assignment of Leases and Rents" section. ❑ Additianal Terms. lpa9 e �M C� 7993, 2001 Sankers Systams, Inc„ St. Clvud, MN Form AGCO-RE5I-NE 1/17l2003