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<br />COMPLETE this portion ONLY if the real property described
<br />consists of INDIVIDUALLY OWNED AGRICULTURAL LAND
<br />If applicable, complete ONLY ONE either A, B, or C:
<br />❑ A. DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor is about to execute the following Deed of Trust upon the Property. Trustor, and each
<br />em if more than one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homeste
<br />presently or will in the future be situated upon said real estate. Trustor understands that if Trustor establishes a homestead on a
<br />art of said real estate during the time the Deed of Trust remains unsatisfied and a lien upon said real estate, there shall be no right
<br />ake a designation of homestead in the event of a foreclosure or trustee's sale with respect to said Deed of Trust.
<br />❑
<br />X B. WAIVER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor is about to execute the following Deed of Trust upon the Property. Trustor, and each
<br />em if more than one, hereby waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trus
<br />is right to make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for i
<br />irpose of affording them the opportunity to retain Trustor's homestead in the event of a default upon the Deed of Trust.
<br />❑ C. DESIGNATION OF HOMESTEAD:
<br />Pursuant to the Farm Homestead Protection Act (Section 76 -1901 et seq. Revised Statutes of the State of Nebraska), Trusto
<br />;reby designates the real estate described in the "Designation of Homestead" attached hereto and incorporated herein by this refer
<br />ice.
<br />Trustor Trustor
<br />Trustor
<br />Trustor
<br />AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the 25th day of October ,WU01 , by and among
<br />the Trustor, Martin L. Pierson, Trustee of the Martin L. Pierson Trust
<br />whose mailing address is 44365 100th Road, Gibbon, NE 68840 (herein "Trustor", whether one or more),
<br />the Trustee First State Bank
<br />whose mailing address is 119 C Street, P 0 Box 639, Shelton, NE 68876 (herein "Trustee "), and
<br />the Beneficiary, First State Bank
<br />whose mailing address is 119 C Street, P 0 Box 639, Shelton, NE 68876 (herein "Lender").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />Martin L. Pierson, Trustee of the Martin L. Pierson Trust
<br />(herein "Borrower," whether one or more) and the trust herein created, the receipt
<br />of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br />property described as follows:
<br />Please see Attachment "A"
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such per-
<br />sonal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equip-
<br />ment; and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which, includ-
<br />ing replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and
<br />all of the foregoing being referred to herein as the "Property ".
<br />NBC 3457F (Agricultural Deed) Rev. 5196
<br />®1966 National Bank of Cwnt4rge Try t onO $@WIfIy Aj19GI3{1III Y9091 Ni(flN
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<br />COMPLETE this portion ONLY if the real property described
<br />consists of INDIVIDUALLY OWNED AGRICULTURAL LAND
<br />If applicable, complete ONLY ONE either A, B, or C:
<br />❑ A. DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor is about to execute the following Deed of Trust upon the Property. Trustor, and each
<br />em if more than one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homeste
<br />presently or will in the future be situated upon said real estate. Trustor understands that if Trustor establishes a homestead on a
<br />art of said real estate during the time the Deed of Trust remains unsatisfied and a lien upon said real estate, there shall be no right
<br />ake a designation of homestead in the event of a foreclosure or trustee's sale with respect to said Deed of Trust.
<br />❑
<br />X B. WAIVER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor is about to execute the following Deed of Trust upon the Property. Trustor, and each
<br />em if more than one, hereby waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trus
<br />is right to make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for i
<br />irpose of affording them the opportunity to retain Trustor's homestead in the event of a default upon the Deed of Trust.
<br />❑ C. DESIGNATION OF HOMESTEAD:
<br />Pursuant to the Farm Homestead Protection Act (Section 76 -1901 et seq. Revised Statutes of the State of Nebraska), Trusto
<br />;reby designates the real estate described in the "Designation of Homestead" attached hereto and incorporated herein by this refer
<br />ice.
<br />Trustor Trustor
<br />Trustor
<br />Trustor
<br />AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the 25th day of October ,WU01 , by and among
<br />the Trustor, Martin L. Pierson, Trustee of the Martin L. Pierson Trust
<br />whose mailing address is 44365 100th Road, Gibbon, NE 68840 (herein "Trustor", whether one or more),
<br />the Trustee First State Bank
<br />whose mailing address is 119 C Street, P 0 Box 639, Shelton, NE 68876 (herein "Trustee "), and
<br />the Beneficiary, First State Bank
<br />whose mailing address is 119 C Street, P 0 Box 639, Shelton, NE 68876 (herein "Lender").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />Martin L. Pierson, Trustee of the Martin L. Pierson Trust
<br />(herein "Borrower," whether one or more) and the trust herein created, the receipt
<br />of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br />property described as follows:
<br />Please see Attachment "A"
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such per-
<br />sonal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equip-
<br />ment; and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which, includ-
<br />ing replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and
<br />all of the foregoing being referred to herein as the "Property ".
<br />NBC 3457F (Agricultural Deed) Rev. 5196
<br />®1966 National Bank of Cwnt4rge Try t onO $@WIfIy Aj19GI3{1III Y9091 Ni(flN
<br />
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