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2 0110Q454 <br />27. NOTICE. Uriless otherwise required by law, ariy notice shall he given by delivering it or by mailirig it hy first class mail <br />to the appropriate party's address on page 1 of this Deed of Trust, or to any other address design�ted in writing. <br />Notice to one trustor will be deemed to be notice to all trustors. <br />28. U.C.C. PRQVISI�NS. If cherked, the following are applicable to, but do not limit, rhis Deed of Trust: <br />Cl Construction 'Coan. This Deed of Tr�ist secures an obligatian incurred fnr the construction of ari improvement on <br />the Property. <br />❑ Fixture Filing." �frustor grarits to Benefiriary 8 SP.C_UfltY interest in all goods that Trustor nwns now or in the <br />future'arid CFiat are or will 6ecnme fixture5 related to the Property. <br />❑ Crops; Timber; Minerals; Rents, Issues and Prafits. Trustor �3rants ta Beneficiary � SP.CllfltY interest in all crops, <br />timber, and minerals located on the Property as well as all rents, issues, �nd profits of them including, hut not <br />lirnited to, �II Coriservation Reserve Prngram (CRP) and Payment in Kirid (PIK) payments and sirnilar <br />yovernmental programs (all af which shall also be inr..luded in the term "Property"�. <br />❑ Personal Property. Trustor grants to Qeneficiary a security interesi in all personal property located on or <br />connected with the Property. This security iriterest includes �II farm products, inventory, equipment, accounts, <br />docurt�ents, instruments, chattel paper, general intangibles, and all other iterris of persanal prop�:rty Trustor <br />awris now nr in the future and that are used or useful in the construction, ownership, operation, managemeni, <br />or maintenance of the Property. The term "persanal property" specifically P.XCIUC�P.S that property descrihed as <br />"hnusehold good5" 5erured in connertion with a"conswner" loan as rhose terms are defined in applicahle <br />federal reyulations yoverning unfair and der.eptive r..redit practices. <br />❑ Filing As Financing Statement. Trustor ayrees end acknowledges ihat this Deed of Trust also suffices as a <br />financing statement and as such, may be filed of record as a finanr.ing statement of purposes of Artir.le 9 of the <br />Uniforrn rnmmercial Cnde. A carbon, photographic, image or other reproductinn of this Deed of Trust is <br />sufficient �s � financing statement. <br />29. QTHER TERMS. If checked, the following are applicable to Triis Deed of Inist: <br />❑ Line of Credit. I Yie Secured [)ebt inr.ludes a revolving line of credit provision. AI[hou�h the 5ecured De6t rn�y he <br />reduced to a zero balance, thi� I7P.P.CJ nf Tft1St WIII fCl71�11l1 Ill �'ff�CT LIr111I rele�sed. <br />❑ Agricul#ural Proper#y. Trustor cnvenants and warrants that the Properfy will he used principally for ayricultural or <br />farminc� pi.�rposes and that Trustor is an inclividual or eritity allowed tn nwn agrirultural land as speeified hy law. <br />❑ 5eparate Assignment. The Trustor has executed nr will exec�rte a separate assignrnent Ur IP..95P5 and rents. If <br />the separate assiynment of leases 8�1(j rents IR properly executed allC� recorded, theri Tf1E' separate assiynment <br />will supersede this Security Instrument's "Assiynrnent nf Leases and Rents" section. <br />C1 Additianal Terms. <br />° ;'!� <br />F � ' (pa�e 7 oi 81 <br />r r . <br />��r�o �; 1993, 7001 fs;�nkers Systams, Inc„ St� Clvud, MN Form AGCn RE51 NE 1/17/^y�iQ�_...�� __ �� � � <br />