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' 2011018�.�
<br />27. NOTICE. Uniess 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, alf 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 />C7 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 fine 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 />� Agricultural Property. Trustor covenants and warrants that the Property will be used principally for agricultural or
<br />farming purposes and that Trustor is an individual or entity allowed to own agricultural land as specified by law,
<br />❑ Separate Assignment. The Trustor has executed or will execute a separate assignment of leases and rents, If
<br />the separate assignment of leases and rents is properly executed and recorded, then the separate assignment
<br />will supersede this Security Instrument's "Assignment of Leases and Rents" section,
<br />� Additional Terms. All water and water rights, (whether riparian, appropriative or otherwise, and whether or not appurtenant to the above
<br />described real property) wells, well permits, ditches, ditch rights, reservoir rights, storage rights, and water stock (hereinafter referred to collectively as
<br />"water rights"I that may now, ar at any time in the future, be used in connaction with the ahova descri6ed real praperty.
<br />Trustor is prohibited from selling, assigning, or otherwise conveying its interest in water rights that may now, or at any time in the future, be used in
<br />connection with the real property without receiving prior written consent from the Beneficiary.
<br />Beneficiary covenants to fu{ly utilize all water rights that may now, or at any time in the future, be used in connection with the real property while the deed
<br />of trustlmortgage is in effect in order to minimize the risk af abandonment of such water rights.
<br />� lpage 7 of 8/
<br />�j�"' OO 1993, 2001 9ankers Systems, Inc., St. Cloud, MN Form AGCO-RESI-NE 1/17/2003 �
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