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9E6000Z0Z r rte_) 3 O CO ,Please return to: Palmer Law Group, LLC, P.O. Box 127, Ainsworth, NE 69210 ACKNOWLEDGMENT OF UNDERSTANDING The undersigned, who are to be Trustor(s) under the Deed of Trust which will be dated an 14et 1-t,( 3p , 2020, in which Deed of Trust, the Trustee is Rodney J. Palmer, P.O. Box (month) j (day) 127, Ainsworth, NE 69210 and the Beneficiary is James Ferguson and Mae L. Ferguson, husband and wife, 43850 St. Hwy 12, Springview, NE 68878, which secures the indebtedness in the original principal sum of $40,000.00 covering the following: The North 66 feet of Lot 2 and the North 66 feet of Lot 1, Block 1, Schimmer's Addition to the City of Grand Island, Hall County, Nebraska, also known as 1218 N. Wheeler Avenue, Grand Island, Nebraska. Understand that: (a) The document to be executed is a Deed of Trust and not a Mortgage; and (b) The power of sale provided for in the Deed of Trust provides substantially different rights and obligations to the Trustor than a Mortgage in the event of default or breach of obligations. DISCLAIMER\WAIVER In accordance with the provisions of the Nebraska Farm Homestead Protection Act (Section 76-1901 R.R.S. 1943 et. seq.), the undersigned Trustor in the attached Deed of Trust represents and states as indicated preceding their initials: 1. Non -Occupied Real Estate. No part of the homestead of the Trustor is presently or in the future will be situated upon the real estate described in the Deed of Trust, and the Trustor understands that if the Trustor signs this Disclaimer\Waiver and subsequently establishes a homestead on any part of the real estate described in the Deed of Trust during the time the Deed of Trust remains unsatisfied and a lien upon the real estate described in the Deed of Trust, Trustor shall have no right to make a designation of homestead in the event of a Trustee's Sale pursuant to the terms of the Deed of Trust. 2. Occupied Real Estate. The Trustor understands that Trustor has the right to make a designation of homestead in the Trust Deed and that the execution of this Disclaimer\Waiver constitutes a waiver of rights otherwise available for the purpose of affording the Trustor the opportunity to retain a homestead in the event of default upon the Trust Deed and a Trustee's Sale pursuant to the terms of the Deed of Trust •-tiq �� U Q, Y t� 30 , 2020. (month) J (day) Trustor acknowledges that this Acknowledgment and Waiver was signed prior to the execution of the Deed of Trust. Dated this 3o."- day of 3 ---et K. i -i 4...1 2020. DAVID GIBSON Aelva / ..,d,dgey., STATE OF NEBRASKA COUNTY OF HALL ) ) SS The foregoing instrument was acknowledged before me on the 3 U day f GENERAL NOTARY - State of Nebraska MINDY GILBERTSON My Comm. Exp. May 16, 2020 Page I of 4 2020. NOT RY P LIC N 0 ry CD CZ) CD CO CEJ a,7 rn --1 rn rn to ON 1N3n1SN