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200106908 D DATE .. "Tay .9 ,» TQol ..... . . . ..... . v ACKNOWLEDGMENT OF UNDERSTANDING, WAIVER AND DISCLAIMER OF Z HOMESTEAD AND FARMSTEAD REDEMPTION RIGHTS a THE UNDERSIGNED, AS TRUSTORS (BORROWERS) IN A CERTAIN TRUST DEED TO BE EXECUTED HEREAFTER IN WHICH SPALDING CITY BANK IS BENEFICIARY, WHICH TRUST DEED IS TO SECURE PAYMENT OF ( ) A LOAN OR (x) PURCHASE MONEY DUE-BENEFICIARY, AND IN CONSIDERATION OF SUCH EXTENSION OF CREDIT, EACH OF THE UNDERSIGNED TRUSTOR(S) ACKNOWLEDGE: m I. I UNDERSTAND THAT AS TRUSTOR I MAY HAVE A RIGHT TO CLAIM THIS PROPERTY AS HOMESTEAD. I HEREBY WAIVE AND DISCLAIM ANY AND m ALL RIGHTS AVAILABLE TO RETAIN ANY HOMESTEAD RIGHTS IN THE y PROPERTY DESCRIBED IN THE DEED OF TRUST TO BE EXECUTED HEREAFTER IN THE EVENT OF DEFAULT IN PAYMENT OF SUMS SECURED BY THE DEED OF TRUST THIS WAIVER AND DISCLAIMER INCLUDES WAIVER OF ANY RIGHT TO AT SOME TIME IN THE FUTURE DESIGNATE A HOMESTEAD INTEREST IN ANY OF THE REAL ESTATE DESCRIBED IN THE DEED OF TRUST. THIS WAIVER IS MY VOLUNTARY ACT AND DEED, A WRITTEN, KNOWING AND VOLUNTARY WAIVER OF ALL AND A DISCLAIMER OF ANY RIGHT TO DEFER SELECTI OF HOMESTEAD RIGHTS AS ALLOWED BY TIME NEBRASKA PROTECTION ACT. 2. I AFFIRMATIVELY STATE THAT: AND IS INTENDED AS HOMESTEAD RIGHTS DN OR DESIGNATION FARM HOMESTEAD ( ) A. DISCLAIMER OR RIGHT TO MAKE A DESIGNATION OF HOMESTEAD NO PART OF MY HOMESTEAD IS PRESENTLY OR IN THE FUTURE WILL BE SITUATED UPON TIME REAL ESTATE DESCRIBED IN THE DEED OF TRUST THAT I AN ABOUT TO SIGN. I UNDERSTAND THAT IF I ESTABLISH A HOMESTEAD ON ANY PART OF THE REAL ESTATE DURING THE TIME THE TRUST DEED REMAINS UNSATISFIED AND A LIEN UPON THE REAL ESTATE, THERE SI°IALL BE NO RIGHT TO MAKE A DESIGNATION OF HOMESTEAD IN THE EVENT OF A FORECLOSURE OR TRUSTEE'S SALE UPON THE TRUST DEED. ( J. WAIVER OF RIGHT TO MAKE A DESIGNATION OF HOMESTEAD. I UNDERSTAND THAT I HAVE A RIGHT TO MAKE A DESIGNATION OF HOMESTEAD IN THE TRUST DEED AND THE EXECUTION OF THIS ACKNOWLEDGMENT CONSTITUTES A WAIVER OF ANY AND ALL RIGHTS OTHERWISE AVAILABLE FOR THE PURPOSE OF AFFORDING ME TIME OPPORTUNITY TO RETAIN MY HOMESTEAD IN THE EVENT OF DEFAULT UPON THIS TRUST DEED. 3. I FURTHER ACKNOWLEDGE THAT I HAVE READ THE FOREGOING AND HAVE SIGNED THIS DOCUMENT PRIOR TO THE EXECUTION OF ANY TRUST DEED. I INTEND THAT IT BE FILED AS A PREFACE TO THE DEED OF TRUST IN FAVOR OF THE ABOVE BENEFICIARY TO BE EXECUTED HEREAFTER AND FILED TOGETHER WITH THE DEED OF TRUST IN THE MORTGAGE RECORDS OF THE COUNTY CLERK /REGISTER OF DEEDS, THE REAL ESTATE SECURED BY THIS TRUST DEED IS DESCRIBED AS FOLLOWS: Lot Fifteen (15) Block E in Parkview Subdivision in the City of Grand Island, Hall County, Nebraska . . ................ STATE OF NEBRASKA , COUNTY OF . ,reeley THE FOREGOING INSTRUMENT WAS ACKNOWLEDGED BEFORE ME BY ,C Ig »M.� McIntyre »and »Am»y M.McInty%. husband and wife _ » » M . _ » » . » . » » ,& P GENERAL NOTARY -Stale at NetuasU » . ` » » %��/ S �� I) MARY K. McGOWEN , ° . lins . ! .. ... ...... Ilh Comm Exp. Oec. 25, 2003 NOTLTC