201807356 - Laserfiche WebLink

Browse

201807356 ACKNOWLEDGMENT AND UNDERSTANDING AND WAIVER & DISCLAIMER OF HOMESTEAD RIGHTS (Attachment to Trust Deed with Power of Sale) The undersigned, as Trustor (Borrower) in a certain Trust Deed with Power of Sale (herein called Trust Deed) to be executed immediately following the execution hereof, which Trust Deed is identified as follows: estate: Date: November 3, 2018 Trustor: Gabriela Lopez de Marrero and Avelino Marrero Molano, Wife and Husband a/k/a Borrower • Trustee: Daniel A. Smith, Attorney, 114 N. 6th, Beatrice, NE 68310 Beneficiary: Center for Rural Affairs, P.O. Box 136, Lyons, NE 68038-0136 (Lender) Consideration: Deed of Trust dated, November 3, 2018 securing the following real Lot 5, Block, 1 George Loan's Subdivision, City of Grand Island, Hall County, Nebraska, EXCEPT a tract of land beginning at the Southwest corner of Lot 5, Block 1, George Loan's Subdivision, said point also being the intersection of the East line of St. Paul Road and the North line of 12th Street; thence East on the South line of Lot 5, Block 1, George Loan's Subdivision for a distance of 66.0 feet to the Southeast corner of Lot 5, Block 1, George Loan's Subdivision; thence North on the East line of Lot 5, Block 1, George Loan's Subdivision for a distance of 5 feet; thence West on a line 5 feet North of and parallel to the South line of Lot 5, Block 1, George Loan's Subdivision for a distance of 58.0 feet; thence Northwesterly on a line to a point on the West line of Lot 5, Block 1, George Loan's Subdivision; thence South on the West line of Lot 5, Block 1, George Loan's Subdivision for a distance of 11.0 feet to the point of beginning. Acknowledges, waives and disclaims as follows: 1. The undersigned understands that the document to be executed is a Trust Deed with Power of Sale, and is not a mortgage. 2. The undersigned understands that the power of sale contained in the Trust Deed provides the undersigned with substantially different rights and obligations in the event of a default or breach of obligation that the right and obligations provided it in a mortgage.