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201103524 <br />27. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing ifi by first class mail <br />to the appropriate party's address on page 1 of this Deed of Trust, or to any ather 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 obiigation 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 alt rents, issues, and profits of them including, but not <br />limited to, al! 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 Froperty. Trustor grants to Beneficiary a security interest in all personal property located on or <br />connected with the Property. This sacurity interest includes all ferm 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 usefu! in the construction, ownership, operation, management, <br />or maintenance of the Property. The term "personal property" specificelly excludes that property described as <br />"household goods" secured in connection with a"consumer° toan as those terms are defined in applicable <br />federal regulations governing unfair and deceptive credit practices. <br />� Filing As Financing Statement. Trustor agrees and acknowledges that this Deed of Trust eiso 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 statemenfi. <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 line of credit provision. Although the Secured Debt may be <br />reduced to a zero balance, this Deed of Trust will remain in effect until reieased. <br />�I Agricul#ural 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 allowed to own agricultural land as spacffied by law. <br />❑ Separate As�signment. The Trustor has executed or will execute a separate assignment of leases and ren#s. lf <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. <br />�"' � 1993, 2001 Bankers Systems, Inc., St. Cloud, MN Form AGCO-RESI-NE 1/17/2003 <br />r�9a � of a� <br />