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T S D r7 n Z n i - M -� = o o a �" ry CZ O G rn '< CP d O co!) M O z► q7 —� 3 Can r I M i 1 n cn Cc f- > ca co PREFACE TO MORTGAGE OR DEED OF TRUST UNDER FARM HOMESTEAD PROTECTION ACT WAIVER \o In accordance with the provisions of the Nebraska Farm Homestead Protection Act, the undersigned, MICHAEL A. PANOWICZ and PATRICIA M. PANOWICZ, husband and wife, prior to executing the attached Deed of Trust dated July 6, 2001, 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 1 ") The North Half of the Southwest Quarter (N 1/2 SW 1/4) and the South Half of the Northwest Quarter (S 1/2 NW 1/4) of Section Eleven (11), Township Twelve (12) North, Range Eleven (11), West of the 6th P.M., Hall County Nebraska; and The Southeast Quarter (SE 1/4) of Section Twenty-two (22), Township Twelve (12) North, Range Eleven (11), West of the 6th P.M., Hall County, Nebraska, execpt the following tract of land: Beginning at a point on the south line of said Section Twenty-two (22), said point being One Thousand Two Hundred Sixty-three (1263.00) feet west of the Southeast corner of said Section Twenty-two (22); thence running westerly along and upon the south line of said Section Twenty-two (22), a distance of Nine Hundred Thirty-three and Twenty-four Hundredths (933.24) feet; thence deflecting right 90 °00' and running northerly, a distance of Three Hundred Sixteen and Forty-four Hundredths (316.44) feet; thence deflecting right 29 °41'55' and running northeasterly, a distance of One Hundred Ninety -nine and Fifty -four Hundredths (199.54) feet; thence deflecting right 48 053'56" and running northeasterly, a distance of Six Hundred Seventy-eight and Sixteen Hundredths (678.16) feet; thence deflecting left 25 °09'33" and running northeasterly, a s distance of One Hundred Seventy-seven and Sixty-eight Hundredths (177.68) feet; thence deflecting left 28 °21'14" and running northeasterly, a distance of Sixty-three and Forty-two hundredths (63.42) feet; thence deflecting right 154 °54'56" and running southerly, a distance of Seven Hundred Eighty-seven and Five Hundredths (787.05) feet to the point of beginning. 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 under 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: July 6, 2001 MICHAEL A. PANOWI PATRICIA M. PANOW STATE OF NEBRASKA) ) SS COUNTY OF HALL ) The foregoing instrument was acknowledged before me on July 6, 2001, by MICHAEL A. PANOWICZ and PATRICIA M. PANOWICZ, husband and wife. GENERAL NOTARY•stote of Neorssw IRVIN BA W�{ My Comm. Fxp, 1M_ NOTARY PUBLIC