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7.,c) <br />0 <br />a <br />ACKNOWLEDGMENT AND UNDERSTANDING <br />AND <br />WAIVER & DISCLAIMER OF HOMESTEAD RIGHTS <br />(Attachment to Trust Deed with Power of Sale) <br />The undersigned, as Trustor (Borrower) in a certain Trust Deed with Power of Sale <br />(herein called Trust Deed) to be executed immediately following the execution hereof, which <br />Trust Deed is identified as follows: <br />Date: March 22, 2018 <br />Trustors: Michael W. Daniels and Victoria W. Daniels, Husband and Wife <br />Trustee: Daniel A. Smith, Attorney at Law, PO Box 250, Lyons, NE 68038 -0250 <br />Beneficiary: Center for Rural Affairs — REAP and Rural Investment Corporation, <br />P.O. Box 136, Lyons, NE 68038 -0136 (Lender) <br />Consideration: Deed of Trust dated, March 22, 2018 securing the following real estate: <br />Lot Eight (8), Block Three (3), Kernohan and Decker's Addition to the City of <br />Grand Island, Hall County, Nebraska EXCEPT a certain tract of land more <br />particularly described in Book 66, Page 81 <br />acknowledges, waives and disclaims as follows: <br />1. The undersigned understands that the document to be executed is a Trust Deed with Power of <br />Sale, and is not a mortgage. <br />2. The undersigned understands that the power of sale contained in the Trust Deed provides the <br />undersigned with substantially different rights and obligations in the event of a default or breach <br />of obligation that the right and obligations provided it in a mortgage. <br />3. The undersigned understands as Trustor the undersigned may have a right to claim the real <br />estate described in the Trust Deed, or a part thereof (hereinafter called security), as homestead, or <br />at some time in the future may designate the security or a part thereof as homestead. The <br />undersigned hereby waives any right to make a designation of homestead in the security or any <br />Z <br />fin <br />rn <br />CD <br />CO .. <br />O c <br />1^ * <br />CTt ""4 <br />