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<br />� FORM 5011 (12-98) �
<br /> RETURN TO Farm Credit Services, P.O. Box 8$9 APRIL TUREK ��
<br /> PREPARER: Hastings, NE 68902-0889 (402►463-6647 �
<br /> HOMESTEAD DESIGNATION DISCLAIMER
<br /> In accordance with the provisions of the Nebraska Farm Homestead Protection Act, Neb.Rev. Stat.Sections 76-1901,et.seq.,as a preface to the
<br /> execution, and as a par'E o#•tiae�oNowing Trust Deed,the undersigned Trustorls) being first duly sworn, elects to Disclaim the Right to Designate
<br /> a Homestead.
<br /> I/We disclaim the right to designate a homestead on the property described in the following Trust Deed. No part of my/our homestead is presently,
<br /> or in the future will be,situated upon said real estate. I/We understand that if I/we establish a homestead on any part of the real estate during the
<br /> time the Trust Deed remains unsatisfied and a lien on the real estate, I/we shall have no right to make a designation of homestead in the event of
<br /> a Trustee's sale.
<br /> ✓ � h_ n �
<br /> R JU Y A �
<br /> Farm Credit Services of America
<br /> TRUST DEED AND ASSIGNMENT OF RENTS
<br /> Trustorls):
<br /> LARRY C DRAPER and JUDY A DRAPER, husband and wife
<br /> Mailing Address:
<br /> 1370 S WABASH
<br /> HASTINGS NE 68901-0000
<br /> This Trust Deed and Assignment of Rents is made�A nl 02 1�999,by and among the above named Trustor(s)and AgAmerica,FCB, "Trustee,"whose
<br /> mailing address is PO Box TAF-05, Spokane,Was mgtTi� on 99220-4005,and Farm Credit Services of America FLCA, "Beneficiary," whose mailing
<br /> address is 206 S 19th Street, Omaha NE 68102-1745 in consideration of t e advance y ene iciary o t e pnncipal sum specified below, the
<br /> receipt of w ic is ere y ac now e ge , an any uture, additional, or protective advances made at Beneficiary's option, Trustorls) irrevocably
<br /> transfers, conveys and aassigns to Trustee, IN TRUST,WITH POWER OF SALE,for the benefit and security of Beneficiary, its successors and
<br /> assigns, under and subject to the terms and conditions of this Trust Deed, the property, located in Hall County(ies►, State of Nebraska, and
<br /> described as follows:
<br /> A tract of land located in S-18, T-12N, R-12W 6th P.M.;
<br /> A tract of land located in a part of the SE1/4 of S-7, T-12N, R-12W 6th P.M., as per
<br /> attached EXHIBIT A incorporated herein by this reference.
<br /> together with all Trustor's right, title, and interest in the property, now or hereafter acquired, including: all buildings, fixtures, crops, and
<br /> improvements now on or hereafter placed upon the property;all appurtenances,water,irrigation,and drainage nghts;all rents,issues,uses,income,
<br /> profits,and rights to possession;al�oil,gas,gravel, rock,or other mmerals of whatever nature,including geothermal resources;all personal property
<br /> that may integrally belong to or hereafter become an integral part of the real estate whether attached or detached,including any appurtenances and
<br /> accoutrements of any structure or residence secured hereby; easements and other rights and interests now or at any time hereafter belonging to
<br /> or in any way pertaining to the property, whether or not specifically described herein; all above and below ground irrigation equipment and
<br /> accessones; and all leases, permits, licenses, or privileges, aPpurtenant or nonappurtenant to the property, now or hereafter issued, extended or
<br /> renewed by Trustorls►, any State,the United States,or any department, bureau, instrumentality, or agency thereof. The foregoing is collectively
<br /> referred to in this document as the "property."
<br /> It is understood and agreed between Trustorls)and Beneficiary that this Trust Deed is given to secure:
<br /> (a) Promissory notels) described as follows:
<br /> Date of Note Princi al Amount
<br /> b�/ 1i�S�S , .
<br /> payable according to the terms of the notels►, and any addendum to, reamortization or restructuring of the notels).
<br /> (b) The repayment in Tull by of any and all future and additional loans or advances which may be made by Beneficiary, at its option, at the request
<br /> of, and to or for the account of Trustor(s1, or any of them, for any purpose, plus interest on all loans or advances, under any notels► or other
<br /> instrumentls)modifying,refinancing,extending,renewing,reamortizing,or restructuring,new existing,or additional indebtedness or any part thereof,
<br /> all payable according to the terms of the notels) or other instrument(s); provided, however,that the total principal indebtedness outstanding
<br /> and secured hereby at any one time will not exceed the sum of ONE HUNDRED THIRTY-SEVEN THOUSAND DOLLARS(S 137 000.00►,exclusive
<br /> of interest and protective advances authorized herein or in the oan agreement s ; provide urther, t at I PA�A�Fr�HALL NOT
<br /> CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME,WHETHER OR NOT THE TOTAL
<br /> PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br /> (c) The repayment in full of all amounts advanced by Beneficiary at its option, as protective advances authorized herein, in the loan agreementlsl,
<br /> or in other instrumentls) which evidence such advances, plus interest on all such advances, payable as provided in the notelsl, loan agreementlsl,
<br /> or other instrumentlsl.
<br /> (d) The payment in full of any and all other past, present, or future, direct or contingent, debts and liabilities of Trustorls) or other makers to
<br /> Beneficiary of any nature whatsoever.
<br /> This Trust Deed will be due January 01, 2009, or upon the payment in full of all sums secured hereby.
<br /> Trustor�s) hereby warrants that Trustorls) holds fee simple title to the above described property, that Trustorls) has good and lawful authority to
<br /> Ap il:00166382; Primary Customer ID �i:00076103; CIF #: 82161 Legal Doc. Date:April 02, 1999
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