Laserfiche WebLink
201101J0� <br />27. NOTIC�. Uhless 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. PRQVI$��I�IS. If checked, the following are applicable to, but do not limit, this peed of Trust: <br />❑ Gonstruction 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 />❑�rops; 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 />limitetl to, all Conservation Reserve Program (CRP) and Payment in Kind (PIK) payments and similar <br />governmental programs (all of wthiah shall also be included in the term "Property"1. <br />❑ Personal Property. Trustor grants to Beneficiary a security interest in all personal property locat�d on or <br />connected with the Property. This security intere�t includes all farm products, inventory, equipment, accounts, <br />documents, instruments, chattel paper, general intangibles, and all other items of personal property Trustor <br />awns now or in the future and that are used or useful in the cohstruction, 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 gpyerning unfair and deceptive credit practices. <br />❑ FiGn� As Fihancing Statement. Trustor agrees and acknowledges that this Deed of Trust also suffices as a <br />final�cing 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 />f�l Line of Credit. The Secured Debt includes a revolving line of credit provision. Although the Secured Debt may be <br />reduced to a zero balance, this peed 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 purpos�'s and fiatTrus�r isYarrrndividual or entity allowed to own agricultural land as specified by law. <br />O�ueparate Assignment. The Trustor �has' executed or will execute a separate assignment of leases and rents. If <br />the s�rpal�ate assignment of feases and' rents is properly executed and recorded, then the separate assignment <br />will s�3persede t�is Secur+ty lnstrument's "Assignment of Leases and Rents" section. <br />O J�d�ki�►a1 Terms. <br />/� ,,�^ (page 7 of 8) <br />�"' OO 1993, 2001 Bankers Systems, Ina, St. Cloud, MN Form AGCO-RESI-NE 1/17/20 _S.'rs,}� <br />U <br />