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201108659
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Last modified
11/18/2011 8:29:41 AM
Creation date
11/18/2011 8:29:40 AM
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DEEDS
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201108659
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� <br />r � :� - s i 2Q1i48S5J <br />❑ Separate Assignment. <br />rents. If the separate <br />separate assignment <br />section. <br />❑ Additional Terms. <br />27. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by maifing it by firs# <br />class mai! to the appropriate party's address on page 1 of this Deed of Trust, or to any other address <br />designated in writing. Notice to one trustor will be deemed to be notice to all trustors. Trustor and <br />Beneficiary hereby request a copy of any notice of default, and a copy of any notice of sale thereunder, be <br />mailed to each party at the address for such party set forth on page 1 of this Deed of Trust. <br />28. U.C.C. PROVISIONS. If checked, the following are applicable to, but do not limit, this Deed of Trust: <br />O Construction Loan. This Deed of Trust secures an obligation incurred for the construction of an <br />improvement on the Property. <br />❑ Fixture Filing. Trustor grants to Beneficiary a security interest in all goods that Trustor owns now or <br />in the future and that are or will become fixtures related to the Property. <br />O Crops; Timber; Minerals; Rents, Issues and Profits. Trustor grants to Beneficiary a security interest in <br />all crops, timber and minerals located on the Property as weli as all rents, issues and profits of them <br />including, but not limited to, all Conservation Reserve Program ICRP) and Payment m Kind (PIK) <br />payments and similar governmental programs (all of which shall also be inc(uded in the term <br />"Property"). <br />[� Personal Property. Trustor grants to Beneficiar.y a security interest in all personal<property located on <br />or connected with the Property. This security interest includes all farm products, inventory, <br />equipment, accounis, documents, instruments, chattel paper, general intangibles, and all other items <br />of personal property Trustor owns now or in the future and that are used or useful +n the <br />construction, ownership, operation, management, or maintenance of the Property. The term <br />"personal property" specifically excludes that property described as "household goods" secured in <br />connection w+th a"consumer" loan as those terms are defined in applicable federal regulations- <br />governing urtfair and deceptive credit practices. <br />❑ Filing As Financing Statement. Trustor agrees and acknowledges that this Deed of Trust also suffices <br />as a financing statement and as such, may be filed of record as a financing statement of purpos�s of <br />Article 9 of the Uniform Gommercial Code. A carbon, photographic, image or other reproduction of <br />this Deed of Trust is sufficient as a financing statement. <br />29. OTHER TERMS. ff 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 <br />Debt may be reduced to a zero balance, this Deed of Trust will�r�main i� effsct �#il,�eleased. <br />� Agricultural Property. Trustor covenants and warrants that the Property wilf be used principally for <br />agricultural or farming purposes and that Trustor is an individual or entity allowed to own agricultural <br />land as specified by law. <br />Security Instrument-Commercial/Agricultural-NE <br />VMP� Bankers Systems7M <br />Wolters Kluwer Financial�Services 001993, 2011 <br />The Trustor has executed or will execute a separate assignment of leases and <br />assignment of leases and rents is properly executed and recorded, then the <br />will supersede this Security Instrument's "Assignment of Leases and Rents" <br />AGCO-RESI-NE 7/1/2011 <br />VMP-0595WE) (1107).00 <br />� Page 9 of 1 d <br />,1��/-� <br />�S-� <br />
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