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<br />27. NOTICE. Unless 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,
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<br />28. U.C:G. PROVISIONS. If checked, the following are applicable to; but do:not limit,�this Deed of Trust:,
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<br />,.�,�� Eonstruction Loan..This Deed of Trust.secures.an obligation.incurred f.or the•�onstruc�ion of,�n: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, all Conservation Reserve Program (CRP) and Payment in Kind iPIK) payments and similar
<br />governmental programs (all of which shall also be included in the term "Property").
<br />0 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, �nventory, 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 'tn connection with a"consumer" loan 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 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 />O 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 released:
<br />❑ Agricultural Property. Trusior covenants and warrants that the Property wttl be us�ad pcincipally for agricultural or o
<br />farming purposes and that Trwstor is an individual or entity allowed to own agricultu�ra} land as specified by law.
<br />0, Separate, Assignment. The Trustor has executed �or will execute a sgp�rate assighme�t of leases and rents. If
<br />the separate assignment of leases and rents is properly executed� and recorded, the,� ti�e separate assignment
<br />will supersede this Security Instrument's "Assignment of Leases and Fi'ents" section.
<br />❑ Additional Terms. � `�
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<br />� OO 1993, 2001 Bankars Systems, �nc., St. Cloud, MN Form AGCO 1/17/2003
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