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The Southerly Fourteen and Twenty Four Hundredths (14.24) <br />feet of Lot Seven (7), and the Northerly Forty One and Sixty <br />Four Hundredths (41.64) Feet of Lot Nine, all in Block Five (5) <br />in University Place, an Addition to Grand Island, Hall County, <br />Nebraska <br />201501191 <br />Primary Beneficiary <br />We designate the following beneficiaries of this revocable transfer on death deed <br />if the beneficiary survives the survivor of us. <br />Name of Primary Beneficiary Mailing Address of Primary Beneficiary <br />Cheryl Ann Larsen 12345 Wasatch Road, Longmont, CO 80504 <br />Weston Larsen 12345 Wasatch Road, Longmont, CO 80504 <br />Transfer on Death <br />At the death of the survivor of us, we transfer our interest in the described <br />property to the beneficiaries as designated above. The transfer occurs at the <br />death of the survivor of the Transferors. <br />Survivorship Required <br />Under Nebraska law, the interest of a designated beneficiary is contingent on the <br />designated beneficiary surviving the survivor of the transferors by one hundred <br />twenty hours. <br />This TOD Deed is Revocable <br />Before our death, we (or the survivor of us) have the right to revoke this deed. <br />Legally Required Warnings in the TOD Deed: <br />Please pay close attention to the following warnings: <br />Warning: <br />The property transferred remains subject to inheritance taxation in <br />Nebraska to the same extent as if owned by the transferor at death. <br />Failure to timely pay inheritance taxes is subject to interest and penalties <br />as provided by law. <br />The designated beneficiary is personally liable, to the extent of the value <br />of the property transferred, to account for Medicaid reimbursement to the <br />extent necessary to discharge any such claim remaining after application <br />of the assets of the last surviving transferor's estate. The designated <br />beneficiary may also be personally liable, to the extent of the value of the <br />property transferred, for claims against the estate, statutory allowances to <br />the last- surviving transferor's surviving spouse and children, and the <br />2 <br />