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l <br />c c <br />i- <br />e. <br />— G 5 <br />01 <br />-- 0 <br />a lal <br />oO <br />m <br />m i <br />C rei_ <br />z <br />rn >vs <br />nN• • <br />c= <br />c.a <br />ACKNOWLEDGMENT AND UNDERSTANDING <br />AND <br />WAIVER & DISCLAIMER OF HOMESTEAD RIGHTS <br />(Attachment to Trust Deed with Power of Sale) <br />:s ay <br />r- ;17) <br />r _ <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: July 31, 2018 <br />Trustor: Manuel G. Ornelas and Elva Ornelas, Husband and Wife a/k/a Borrower <br />Trustee: Daniel A. Smith, Attorney, 114 N. 6 Beatrice, NE 68310 <br />Beneficiary: Center for Rural Affairs, P.O. Box 136, Lyons, NE 68038 -0136 (Lender) <br />Consideration: Deed of Trust dated, July 31, 2018 securing the following real estate: <br />ALL OF LOT SEVEN (7) EXCEPT THE WEST 5.4 FEET THEREOF, IN BLOCK NINE <br />(9), IN BOGGS AND HILLS ADDITION TO THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA. <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 />part thereof, and disclaims designation of homestead in the security or any part thereof, and <br />disclaims any right to make a designation of homestead in the future in the security or any part <br />thereof so long as the Trust Deed remains a lien on the security. <br />4. The undersigned understands that by signing this document it will not have the rights which <br />