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<br />20010®26
<br />Do not write /type above this line. For riling purposes only.
<br />FORM 5011 (9 -2000)
<br />RETURN TO Farm Credit Services of America, P.O. Box 5080 Karen Nagel
<br />PREPARER: Grand Island, NE 68802 -5080 (800)503 -3276
<br />HOMESTEAD DESIGNATION DISCLAIMER �(
<br />In accordance with the provisions of the Nebraska Farm Homestead Protection Act, Neb. Rev. Stat. Sections 76 -1901, et. seq., as a preface to the
<br />execution, and as a part of the following Trust Deed, the undersigned Trustor(s) being first duly sworn, elects to Disclaim the Right to Designate
<br />a Homestead.
<br />I /We disclaim the right to designate a homestead on the property described in the following Trust Deed. No part of my /our homestead is presently,
<br />or in the future will be, situated upon said real estate. I /We understand that if I /we establish a homestead on any part of the real estate during the
<br />time the Trust Deed remains unsatisfied and a lien on the real estate, I /we shall have no right to make a designation of homestead in the event of
<br />a Trustee's sale.
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<br />Farm Credit Services of America
<br />TRUST DEED AND ASSIGNMENT OF RENTS
<br />Trustor(s):
<br />ALLAN FARMS, INC, a Corporation
<br />ROBERT J ALLAN JR and JANE R ALLAN, husband and wife
<br />Mailing Address:
<br />962 SOUTH NE HIGHWAY 11
<br />WOOD RIVER NE 68883 -9729
<br />This Trust Deed and Assignment of Rents is made Janua,rX 10 2001, by and among the above named Trustor(s) and AgAmerica, FCB, "Trustee,"
<br />whose mailing address is PO Box TAF -05, Spokane, Washington 20 -4005, and Farm Credit Services of America FLCA, "Beneficiary," whose
<br />mailing address is 206 S 19th Street, Omaha NE 68102 -1745 in consideration of the a vance y Beneficiary o the principal sum specified below,
<br />the receipt of whit is ere y ac now a ge I rustor s irrevocably transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE,
<br />for the benefit and security of Beneficiary, its successors and assigns, under and subject to the terms and conditions of this Trust Deed, the
<br />property, located in Hall County(ies), State of Nebraska, and described as follows:
<br />The North Half of the Northwest Quarter (N 1/2 NW 1/4), Section 20, Township 12
<br />North, Range 11, West of the 6th P.M., Hall County, Nebraska.
<br />together with all Trustor's right, title, and interest in the property, now or hereafter acquired, including: all buildings, fixtures, crops, and
<br />improvements now on or hereafter placed upon the property; all appurtenances, water, irrigation, and drainage rights; all rents, issues, uses, income,
<br />profits, and rights to possession; all oil, gas, gravel, rock, or other minerals of whatever nature, including geothermal resources; all personal property
<br />that may integrally belong to or hereafter become an integral part of the real estate whether attached or detached, including any appurtenances and
<br />accoutrements of any structure or residence secured hereby; easements and other rights and interests now or at any time hereafter belonging to
<br />or in any way pertaining to the property, whether or not specifically described herein; all above and below ground irrigation equipment and
<br />accessories; and all leases, permits, licenses, or privileges, appurtenant or nonappurtenant to the property, now or hereafter issued, extended or
<br />renewed by Trustor(s), any State, the United States, or any department, bureau, instrumentality, or agency thereof. The foregoing is collectively
<br />referred to in this document as the "property."
<br />It is understood and agreed between Trustor(s) and Beneficiary that this Trust Deed is given to secure the repayment in full of the following described
<br />promissory note(s), and all future and additional loans or advances, protective or otherwise, which may be made by Beneficiary, at its option, at
<br />the request of, and to or for the account of Trustor(s), or any of them, for any purpose, plus interest thereon, all payable according to the terms
<br />of the note(s) or other instrument(s) modifying the same.
<br />Date of Note Prince al Amount
<br />a f1T6T=
<br />01/10/2001 50,000.00
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time will not exceed the sum of ONE HUNDRED
<br />TWELVE THOUSAND DOLLARS ($ 112 000.00), exclusive of interest and protective advances authorized herein or in the loan agreements ;
<br />provided further, that AGRAPH tHALL OT CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL ADVANCES IN ANY
<br />AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />This Trust Deed will be due February 01, 2021.
<br />Trustor(s) hereby warrants that Trustor(s) holds fee simple title to the above described property, that Trustor(s) has good and lawful authority to
<br />deed and encumber the same, that the property is free and clear of all liens and encumbrances, except encumbrances of record, and that Trustor(s)
<br />will warrant and defend the property, at Trustor(s) expense, against all claimants whomsoever. Trustor(s) also hereby waives and relinquishes all
<br />rights of dower, homestead, distributive share, and exemption in and to the above described property.
<br />This trust deed secures more than one note. In the event of default under any note, all notes will be considered to be in default and the Beneficiary
<br />may exercise the remedies provided herein in satisfaction of all notes.
<br />Trustor(s) and each of them further covenants and agrees with Beneficiary as follows:
<br />1. To pay all liens, judgments, or other assessments against the property, and to pay when due all assessments, taxes, rents, fees, or charges upon
<br />the property or under any lease, permit, license, or privilege assigned to Beneficiary as additional security to this Trust Deed, including those in or
<br />on public domain.
<br />2. To insure and keep insured buildings and other improvements including fixtures and attachments now on or hereafter placed on the property to
<br />the satisfaction of Beneficiary. Such insurance will be approved by and deposited with Beneficiary, and endorsed with loss payable clause to
<br />Ap #: 00211383; Primary Customer ID #: 00068265; CIF #: 91870 Legal Doc. Date: January 10, 2001
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