201406627 - Laserfiche WebLink

Browse

WHEN RECORDED MAIL TO: CORNERSTONE BANK Shelton Facility 119 C Street P.O. Box 639 Shelton, NE 68876 -0639 GRANTOR: Kristen F Klein X ichelle R Klein FOR RECORDER'S USE ONLY PREFACE TO DEED OF TRUST Written Acknowledgment of Waiver of Homestead Rights and Written Disclaimer of Homestead - Multiple Parcels GRANTOR: Kristen F Klein and Michelle R Klein LENDER: CORNERSTONE BANK LENDER'S ADDRESS: Shelton Facility, 119 C Street, P.O. Box 639, Shelton, NE 68876 -0639 PROPERTY LEGAL DESCRIPTION: Located in Hall County, State of Nebraska: E 1/2 NE 1/4 NW 1/4 and the NE 1/4; all in Section 4, Township 11 North, Range 12 West of the 6th P.M., Hall County, Nebraska and SW 1/4 of Section 27, Township 12 North, Range 12, West of the 6th P.M., Hall County, Nebraska. The Real Property or its address is commonly known as 17541 W Airport Rd and SW 1/4 27 -12 -12 Hall County NE, NE. GRANTOR'S PARCEL 1 - HOMESTEAD PROPERTY: E 1/2 NE 1/4 NW 1/4 and the NE 1/4; all in Section 4, Township 11 North, Range 12 West of the 6th P.M., Hall County, Nebraska. Undersigned, Kristen F Klein and Michelle R Klein, GRANTORS, prior to signing the attached Deed of Trust as Grantor (whether one or more), in consideration of the extension of credit by CORNERSTONE BANK, BENEFICIARY, hereby state: APPLICABLE TO PARCEL 1 - HOMESTEAD: Undersigned understands that Undersigned, the GRANTOR, has the right to make a designation of homestead in the attached Deed of Trust as it relates to Parcel 1 referred to in the Deed of Trust, and that the execution of this Document constitutes the waiver of rights otherwise available for the purpose of affording Undersigned the opportunity to retain Undersigned's homestead in the event of a default upon the Deed of Trust. This Document includes a waiver of any right to designate a homestead interest in Parcel 1 described in the attached Deed of Trust. APPLICABLE TO OTHER DESCRIBED PARCELS: Undersigned hereby states that no part of Undersigned's homestead is presently, or in the future will be, situated upon the real estate described in the attached Deed of Trust EXCEPT that real estate referred to as Parcel 1. Undersigned also understands that if Undersigned establishes a homestead on any part of the real estate, except Parcel 1, during the time the Deed of Trust remains unsatisfied and a lien upon the real estate, there will be no right to make a designation of homestead in the event of a a trustee's sale upon such Deed of Trust APPLICABLE TO ALL PARCELS: Undersigned acknowledges this Document as Undersigned's voluntary act and deed. Undersigned further acknowledges that this Document constitutes a written waiver under the Nebraska Farm Homestead Protection Act and waive and disclaim any right to defer selection of homestead rights. Further, Undersigned acknowledges that Undersigned has had an opportunity to read the proposed Deed of Trust and that Undersigned is signing this Document first before signing the Deed of Trust, and Undersigned understands and agrees that this Document will be filed as a preface to the Deed of Trust. THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS FARM HOMESTEAD PROTECTION ACT DOCUMENT. THIS DOCUMENT IS EXECUTED ON OCTOBER 17, 2014.