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DISCLAIMER <br />In accordance with the provisions of the Nebraska Farm <br />Homestead Protection Act, the undersigned, R * and <br />Karen L. Sullivan , prior to executing the attached Mortgage or <br />Trust Dee to April 27th-, 1989 by and between the undersigned <br />and First National Bank and Trust Company Ia Aurofliereinafter referred to <br />as "Mortgage or Trust Deed") hereby state and acknowledge: <br />1. That no part of the homestead of the undersigned is <br />presently or in the future will be situated on the following <br />described real estate nor are there any buildings sufficient�to be <br />designated as a homestead presently located upon said real es ate: <br />the East Half of the Northwest Quarter (E }NW;) and the North Half of the <br />Northeast Quarter (NJNE;) (except the East 50 acres) of Section 35. <br />Township 10 North. Range 9 :lest of the 6th P.M., Hall County. Nebraska, <br />the North half of the Southeast_ Quarter (NISEI) of Section 1. Township 9 <br />North, Range 9 West of 'he 6th P.H.. Hall County. Nebraska. <br />the South fia'_f of the Southeast Quarter (SJSE;) of Section 1, Township 9 <br />North, Range 9 West of the Gti: P.M., Hall County, Nebraska, subject tr� a <br />prior lien evidenced by a Mortgage dated Febr. 190, 1987 and filed <br />Febr. 24th, 1i987 Hall County- re-ord as ns r t 87 IO 017 <br />Z. ie undersigned acrcnow�egge"met`na w�i�e the Mortgage <br />or Trust Deed remains unsatisfied and a lien on said real estate <br />they shall have no right, presently or in the future to make a desig- <br />nati.or of homestead on said real estate including without limitation, <br />in the event of a foreclosure or trustee's sale under the Mortgage <br />or Trust Deed. <br />3. The undersigned acknowledge that if, contrary to this <br />Disclaimer, they establish a homestead on said real estate during <br />the time the Mortgage or Trust Deed remains unsatisfied and a lien <br />upon said real estate they shall have no right to make a designation <br />of homestead in the event of a foreclosure or trustee's sale under <br />the Mortgage or Trust Deed. <br />4. The undersigned state that this acknowledgment is <br />their knowing and voluntary act and deed and constitutes a written <br />disclaimer and acknowledgment under the Nebraska Farm Homestead <br />Protection Act and the undersigned do hereby disclaim any right to <br />designate a homestead in the event of a default upon such Mortgage <br />or Trust Deed or in the evert of a foreclosure or trustee's sale <br />under the Mortgage or Trust Deed. <br />5. The undersigned further understand and agree that <br />this acknowledgment and Disclaimer shall be filed as a Preface to <br />and become a part of the Mortgage or Trust Deed. <br />PAGE I of 2 <br />