**Exhibit 10.20****LIMITED LIABILITY COMPANY RESOLUTION TO BORROW / GRANT COLLATERAL**               **Principal** **Loan Date** **Maturity** **Loan No** Call / Coll **Account** **Officer** **Initials****$3,517,572.00** **03-23-2007** **03-23-2008** **3787** 2200   **242**  References in the shaded area are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. Any item above containing “***” has been omitted due to text length limitations.         **Company:** **Homeland Energy Solutions, LLC (TIN:**   **Lender:** **Home Federal Savings Bank**  **48-1200438)**     **Business Banking**  **106 W Main, PO Box C**     **1016 Civic Center Dr NW Suite 300**  **Riceville, IA 50466**     **Rochester, MN 55901****WE, THE UNDERSIGNED, DO HEREBY CERTIFY THAT:****THE COMPANY’S EXISTENCE.**The complete and correct name of the Company is Homeland EnergySolutions, LLC (“Company”). The Company is a limited liability company which is, and at alltimes shall be, duly organized, validly existing, and in good standing under and by virtue ofthe laws of the State of Iowa. The Company is duly authorized to transact business in allother states in which the Company is doing business, having obtained all necessary filings,governmental licenses and approvals for each state in which the Company is doing business,Specifically, the Company is, and at all times shall be, duly qualified as a foreign limitedliability company in all states in which the failure to so qualify would have a materialadverse effect on its business or financial condition. The Company has the full power andauthority to own its properties and to transact the business in which it is presently engagedor presently proposes to engage. The Company maintains an office at 106 W Main, PO Box C,Riceville, IA 50466. Unless the Company has designated otherwise in writing, the principaloffice is the office at which the Company keeps its books and records. The Company will notifyLender prior to any change in the location of The Company’s state of organization or anychange in The Company’s name. The Company shall do all things necessary to preserve and tokeep in full force and effect its existence, rights and privileges, and shall comply with allregulations, rules, ordinances, statutes, orders and decrees of any governmental orquasi-governmental authority or court applicable to the Company and The Company’s businessactivities.**RESOLUTIONS ADOPTED.**At a meeting of the members of the Company, duly called and heldon March 23, 2007, at which a quorum was present and voting, or by other duly authorizedaction in lieu of a meeting, the resolutions set forth in this Resolution were adopted.**MEMBERS.**The following named persons are members of Homeland Energy Solutions, LLC:       **NAMES** **TITLES** **AUTHORIZED** **ACTUAL SIGNATURES****Steve Eastman** **President** **Y****X****/s/ Stephen K. Eastman**              **Bernard Retterath** **Treasurer** **Y****X****/s/ Bernard Retterath**       **ACTIONS AUTHORIZED.**Any two (2) of the authorized persons listed above may enter into anyagreements of any nature with Lender, and those agreements will bind the Company.Specifically, but without limitation, any two (2) of such authorized persons are authorized,empowered, and directed to do the following for and on behalf of the Company:**Borrow Money.**To borrow, as a cosigner or otherwise, from time to time from Lender, on suchterms as may be agreed upon between the Company and Lender, such sum or sums of money as intheir judgment should be borrowed, without limitation.**Execute Notes.**To execute and deliver to Lender the promissory note or notes, or otherevidence of the Company’s credit accommodations, on Lender’s forms, at such rates ofinterest and on such terms as may be agreed upon, evidencing the sums of money so borrowedor any of the Company’s indebtedness to Lender, and also to execute and deliver to Lenderone or more renewals, extensions, modifications, refinancings, consolidations, orsubstitutions for one or more of the notes, any portion of the notes, or any other evidenceof credit accommodations.**Grant Security.**To mortgage, pledge, transfer, endorse, hypothecate, or otherwise encumberand deliver to Lender any property now or hereafter belonging to the Company or in whichthe Company now or hereafter may have an interest, including without limitation all of theCompany’s real property and all of the Company’s personal property (tangible orintangible), as security for the payment of any loans or credit accommodations so obtained,any promissory notes so executed (including any amendments to or modifications, renewals,and extensions of such promissory notes), or any other or further indebtedness of theCompany to Lender at any time owing, however the same may be evidenced, Such property maybe mortgaged, pledged, transferred, endorsed, hypothecated or encumbered at the time suchloans are obtained or such indebtedness is incurred, or at any other time or times, and maybe either in addition to or in lieu of any property theretofore mortgaged, pledged,transferred, endorsed, hypothecated or encumbered.**Execute Security Documents.**To execute and deliver to Lender the forms of mortgage, deed oftrust, pledge agreement, hypothecation agreement, and other security agreements andfinancing statements which Lender may require and which shall evidence the terms andconditions under and pursuant to which such liens and encumbrances, or any of them, aregiven; and also to execute and deliver to Lender any other written instruments, any chattelpaper, or any other collateral, of any kind or nature, which Lender may deem necessary orproper in connection with or pertaining to the giving of the liens and encumbrances.Notwithstanding the foregoing, any one of the above authorized persons may execute,deliver, or record financing statements.**Negotiate Items.**To draw, endorse, and discount with Lender all drafts, trade acceptances,promissory notes, or other evidences of indebtedness payable to or belonging to the Companyor in which the Company may have an interest, and either to receive cash for the same or tocause such proceeds to be credited to the Company’s account with Lender, or to cause suchother disposition of the proceeds derived therefrom as they may deem advisable.**Further Acts.**In the case of lines of credit, to designate additional or alternateindividuals as being authorized to request advances under such lines, and in all cases, todo and perform such other acts and things, to pay any and all fees and costs, and toexecute and deliver such other documents and agreements as the members may in theirdiscretion deem reasonably necessary or proper in order to carry into effect the provisionsof this Resolution.**ASSUMED BUSINESS**NAMES. The Company has filed or recorded all documents or filings required bylaw relating to all assumed business names used by the Company. Excluding the name of theCompany, the following is a complete list of all assumed business names under which theCompany does business: None.
 
 

 
**LIMITED LIABILITY COMPANY RESOLUTION TO BORROW / GRANT COLLATERAL****Loan No: 3787** **(Continued)** **Page 2****NOTICES TO LENDER.**The Company will promptly notify Lender in writing at Lender’s addressshown above (or such other addresses as Lender may designate from time to time) prior to any(A) change in the Company’s name; (B) change in the Company’s assumed business name(s); (C)change in the management or in the Members of the Company; ID) change in the authorizedsigner(s); (E) change in the Company’s principal office address; (F) change in the Company’sstate of organization; (GI conversion of the Company to a new or different type of businessentity; or (H) change in any other aspect of the Company that directly or indirectly relatesto any agreements between the Company and Lender. No change in the Company’s name or state oforganization will take effect until after Lender has received notice.**CERTIFICATION CONCERNING MEMBERS AND RESOLUTIONS.**The members named above are duly elected,appointed, or employed by or for the Company, as the case may be, and occupy the positions setopposite their respective names. This Resolution now stands of record on the books of theCompany, is in full force and effect, and has not been modified or revoked in any mannerwhatsoever.**CONTINUING VALIDITY.**Any and all acts authorized pursuant to this Resolution and performedprior to the passage of this Resolution are hereby ratified and approved. This Resolutionshall be continuing, shall remain in full force and effect and Lender may rely on it untilwritten notice of its revocation shall have been delivered to and received by Lender atLender’s address shown above (or such addresses as Lender may designate from time to time).Any such notice shall not affect any of the Company’s agreements or commitments in effect atthe time notice is given.**IN TESTIMONY WHEREOF,**we have hereunto set our hand and attest that the signatures setopposite the names listed above are their genuine signatures.**We each have read all the provisions of this Resolution, and we each personally and on behalfof the Company certify that all statements and representations made in this Resolution aretrue and correct, This Limited Liability Company Resolution to Borrow / Grant Collateral isdated March 23, 2007. We acknowledge receipt of a completed copy of this Limited LiabilityCompany Resolution to Borrow / Grant Collateral.**         CERTIFIED TO AND ATTESTED BY:           X /s/ Stephen K. Eastman       Steve Eastman, President of Homeland EnergySolutions, LLC           X /s/ Bernard Retterath       Bernard Retterath, Treasurer ofHomeland Energy Solutions, LLC  NOTE: If the members signing this Resolution are designated by the foregoing document asone of the members authorized to act on the Company’s behalf, it is advisable to have thisResolution signed by at least one non-authorized member of the Company.