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200102468 <br />WHEN RECORDED MAIL TO: <br />Five Points Bank <br />West Branch <br />2009 N. Diers Ave. <br />Grand Island, NE 68803 FOR RECORDER'S USE ONLY <br />WAIVER OF HOMESTEAD <br />Executed pursuant to Section 4(3xa) and (b) of the <br />Farm Homestead Protection Act <br />GRANTOR: IVAN L BILSLEND and MARY S BILSLEND <br />LENDER: Five Points Bank <br />LENDER'S ADDRESS: West Branch, 2009 N. Diers Ave., Grand Island, NE 68803 <br />PROPERTY LEGAL DESCRIPTION: Located in HALL County, State of Nebraska: <br />The South Half of the Southwest Quarter (S1/2SW1/4) of Section 26, Township 10 North, Range 12 West of the Sixth P.M., Hall <br />County, Nebraska. <br />The Real Property or its address is commonly known as 15960 W HOLLING RD, WOOD RIVER, NE 68883. <br />GRANTOR'S PARCEL 1 - HOMESTEAD PROPERTY: <br />THE SOUTH HALF OF THE SOUTHWEST QUARTER OF SECTION 26, TOWNSHIP 10 NORTH, RANGE 12 WEST OF THE SIXTH P.M., HALL <br />COUNTY, NEBRASKA; TOGETHER WITH ALL WELLS, PUMPS, MOTORS OR ENGINES, GEAR HEADS, AND EQUIPMENT LOCATED ON <br />AND USED TO IRRIGATE SAID PREMISES, WHICH ITEMS ARE DECLARED TO BE A PART OF THE DEEDED PREMISES AND <br />APPURTENANT TO SAID REAL ESTATE. <br />Undersigned understands that Undersigned have the right to make a designation of homestead in the Deed of Trust and that the <br />execution of this Document constitutes the waiver of rights otherwise available for the purpose of affording Undersigned the opportunity <br />to retain Undersigned's homestead In the event of a default upon the Deed of Trust. <br />Further, Undersigned acknowledges that Undersigned has had an opportunity to read the proposed Deed of Trust and that Undersigned <br />Is signing this Document first before signing the Deed of Trust. <br />THE UNDERSIGNED ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS FARM HOMESTEAD PROTECTION ACT <br />DOCUMENT. THIS DOCUMENT IS EXECUTED ON MARCH 26, 2001. <br />GRANTOR: <br />