MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FINANCING STATEMENT (CONSTRUCTION MORTGAGE)Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement • November 9th, 2007 • Northern Growers LLC • Industrial organic chemicals • South Dakota
This Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement (this “Mortgage”) is made as of September 21, 2007, by Northern Lights Ethanol, LLC, a South Dakota limited liability company (“Borrower”), having its principal offices at Big Stone City, South Dakota, in favor of U.S. Bank National Association, a national banking association (“Lender”), having its principal offices at 141 North Main Avenue, Sioux Falls, South Dakota.
AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT (NORTHERN LIGHTS ETHANOL, LLC)Loan Agreement • November 9th, 2007 • Northern Growers LLC • Industrial organic chemicals
WHEREAS, Borrower desires to borrow $4,300,000.00 from Lender to construct additional grain storage and handling equipment upon Borrower’s property (the “2007 Grain Bin Loan”). The 2007 Grain Bin Loan will be evidenced in part by a Promissory Note (the “2007 Grain Bin Note”) and a Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement (Construction Mortgage) (the “2007 Grain Bin Mortgage”), each dated September 21, 2007.
