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<br /> PREFACE TO AGRICULTURAL DEED OF TRUST
<br /> �
<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 of
<br /> them if more than one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homestead
<br /> is presently or will in the future be situated upon said real estate. Trustor understands that if Trustor establishes a homestead on any
<br /> part 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 to
<br /> make a designation of homestead in the event of a foreclosure or trustee's sale with respect to said Deed of Trust.
<br /> �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 of
<br /> them if more than one, hereby waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trustor
<br /> has right to make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for the
<br /> purpose 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),Trustor
<br /> hereby designates the real estate described in the"Designation of Homestead"attached hereto and incorporated herein by this refer-
<br /> ence.
<br /> Alberta M. Stange Trustor BarY'y tange Trustor
<br /> Trustor Trustor
<br /> AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br /> THIS DEED OF TRUST, is made as of the lst day of April , 19 99 , by and among
<br /> the Trustor, Alberta M. Stange and Barry Stange, Husband and Wife
<br />�
<br /> whose mailing address is 17541 W Airport Rd. , Cairo, NE 68824 (herein"Trustor",whether one or more),
<br /> the Trustee First State Bank
<br /> whose mailing address is 119 C Street, P O Box 639, Shelton, NE 68876 (herein"Trustee"),and
<br /> the Beneficiary, First State Bank
<br /> whose mailing address is 119 C Street, P O Box 539, Shelton, NE 6$876. (herein"Lende�').
<br /> FOR VALUABLE CONSIDERATION, includin Lender's extension of credit identified herein to
<br /> Alberta M. Stange and Barry S�tange
<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 /> See Exhibit "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 /> a�l of the foregoing being referred to herein as the"Property".
<br /> NBC 3457F(AgriculWrel Deed)Rev.5/96
<br /> �1988 National Bank of Canmerce Trust and Savings Association,Lincoln,Nebraske
<br />
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