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2d006,�Ml PREFACE TO MORTGAGE OR DEED OF TRUST UNDER FARM HOMESTEAD PROTECTION ACT WAIVER In accordance with the provisions of the Nebraska Farm Homestead Protection Act, the undersigned, ALOYSIUS R. PANOWICZ (a/k/a AL R. PANOWICZ) and EVELYN D. PANOWICZ, husband and wife, prior to executing the attached Deed of Trust dated June 16, 2000, by and between the undersigned and THE STATE BANK OF CAIRO, A Nebraska Banking Corporation, (hereinafter referred to as "Mortgage ") hereby state and acknowledge: 1. The undersigned states, warrants and represents that their dwelling house and other buildings subject to a homestead are presently located upon the following described real estate (hereafter referred to as "Parcel V) The Southwest Quarter (SW 1/4) of Section Twenty Two (22) in Township Twelve (12) North, Range Eleven (11) West ofthe 6th P.M., Hall County, Nebraska, except tract deeded to the State of Nebraska by Deed recorded in Book 85 at Page 10, subject to the right of way of the Grand Island and Wyoming Central Railroad Company; and A tract of land located in the Northwest Quarter of the Southeast Quarter (NW 1/4 SE 1/4) of Section 31, Township 12 North, Range 10 West of the 6th P.M., Hall County, Nebraska, described as: Commencing at the Northeast comer of the Northwest Quarter of the Southeast Quarter of Section 31, and proceeding in Westerly direction along and upon the North line of the Northwest Quarter of the Southeast Quarter a distance of 330 feet; thence proceeding South parallel to the West line of Section 31, a distance of 330 feet; thence proceeding Easterly parallel with the South line of Section 31, a distance of 330 feet; thence proceeding North along and upon the East line of the Northwest Quarter of the Southeast Quarter Section 31, a distance of 330 feet to the point of beginning; and The Southwest Quarter (SW 1/4) and West Half of the Southeast Quarter(WI /2SE1 /4), Section Thirty-One (31), Township Twelve (12) North, Range Ten (10), West of the 6th P.M., Hall County, Nebraska, excepting therefrom the rectangular tract of 73.5 acres devised under the Will of James B. Lesher, deceased, to Rosa Starr, which 73.5 acres are more particularly described as a rectangular tract with the South line of the SE 1/4 and the W 1/2 of the SE 1/4 as its South boundary line, said tract being conveyed containing 148.5 acres, subject to highway right o way and easements for pipeline granted to Kansas Nebraska Gas Company; and 2. The undersigned acknowledges that they have a right to make a designation of homestead in the Mortgage or Deed of Trust for the purpose of affording the opportunity to retain their homestead in the event of default and foreclosure under the Mortgage or trustee's sale under the Deed of Trust. 3. The undersigned acknowledges that the execution of this waiver constitutes the complete waiver of rights otherwise available for the purpose of affording the opportunity to retain a homestead in the event of a default and any foreclosure under the Mortgage or trustee's sale udder the Deed of Trust. 4. The undersigned state that this acknowledgment and waiver is their knowing and voluntary act and deed and the undersigned do hereby willingly and voluntarily waive, relinquish and remise any and all right to make a designation of homestead in the Mortgage or Deed of Trust. 5. The undersigned further understand and agree that this acknowledgment and waiver shall be filed as a Preface to and become a part of the Mortgage or Deed of Trust. Dated: June 16, 2000 STATE OF NEBRASKA) ) SS COUNTY OF HALL ) 4*LYN D. PANOWIC The foregoing instrument was acknowledged before me on June 16, 2000, by ALOYSIUS R. PANOWICZ (a/k/a AL R. PANOWICZ) and EVELYN D. PANOWICZ, husband and wife. At, 1 NOTARY PUBLIC