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► <br />s <br />� <br />20i1022�� <br />27. NOTICE. Uniess otherwise required by law, any notice shall be given by delivering it or by maiiing 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 wi{{ be deemed to be notice to ail trustors. <br />28. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust: <br />❑ Construction 4oan. This Deed of Trust secures an obligation incurred for the construction of an improvement on <br />the Property. <br />❑ Fixture Fiiing. 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, tssues and Profits. Tcustor grants to Beneficiary a security interest in all crops, <br />timber, and minerals located on ihe Property as well as all rents, issues, and profits of them including, but not <br />limited to, afi Conservation Reserve Program (CRP) and Payment in Kind (PIK) payments and similar <br />governmental programs (all of which shall aiso be included in the term "Property"). <br />� Persona) Property. Trustor grants to Beneficiary a security interest in all personal property located on or <br />connected with the Property. This security +nterest incfudes alf farm products, inventory, equipment, accounts, <br />documents, instruments, chattel paper, general intangibies, 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 exc4udes that property described as <br />"household goods" secured in connection with a"consumer" loan as those terms are defined in applicable <br />federal regulations goveming unfair and deceptive credit practices. <br />❑ Filing As Financing Statement. Trustor agrees and acknowfedges 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 appficable to this Deed of Trust: <br />❑ 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 Deed of Trust will remain in etfect until released. <br />� Agricultural Property. Trustor covenants and warrants that the Property wil) be used principally for agricultural or <br />farming Purposes and that Trustor is an individual or entity, allo�e,d to..auu[a �Lir.�.�ltucat.land as specified by law. <br />y r F � ` <br />❑ Separate Assignment. The Trustor has executed or wiil` � se� araf� ���igtiFnen� of leases and rents. If <br />the separate assignment of leases and rents is properly ex�c�ted` � r��orded €tien t e' separate assignmert <br />will supersede this Security Instrument's "Assignment of L�"eases and �ts '�c�on. <br />❑ AddiYional Terms. <br />.�, � � <br />a � . <br />S �/ IPage 7 01 8J <br />���e n 1993, 2007 9ankers Systems, Inc., St. Cloud, MN Form AGCO-RESI-NE 1(17/20�3 �� ��G <br />