Common use of Uniform Commercial Code Security Interest Clause in Contracts

Uniform Commercial Code Security Interest. This Deed of Trust shall constitute a security agreement as defined in the Uniform Commercial Code and SHALL BE EFFECTIVE AS A FINANCING STATEMENT FILED AS A FIXTURE FILING which is to be filed in the real estate records of the County where the Trust Property is situated. The name of the record owner of said real estate is the Trustor set forth on page one of this Deed of Trust. Information concerning the security interest created by this Deed of Trust may be obtained from the Beneficiary, as secured party, at its address as set forth on page one of this Deed of Trust. The name and address of the Trustor, as debtor, and the name and address of the Beneficiary, as secured party, are as set forth on page one of this Deed of Trust. This Deed of Trust covers goods which are, or are to become, “fixtures” as defined in the Uniform Commercial Code. This Deed of Trust is sufficient as a financing statement, and as a financing statement it covers goods which are, or are to become, fixtures on the Land. In addition, the Trustor shall execute and deliver to the Beneficiary, upon the Beneficiary’s request, any financing statements or amendments thereto or continuation statements thereto that the Beneficiary may require to perfect a security interest in said items or types of property. The Trustor shall pay all costs of filing such instruments. All references to the Uniform Commercial Code in this Deed of Trust shall mean the Uniform Commercial Code as in effect in the State of Nebraska.