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<br /> Do nof wiite/type above this line. or i/ing pu�poses on/y.
<br /> FORM 5011 (12-981
<br /> RETURN TO Farm Credit Services, P.O. Box 5080 Sandi Sweeney �
<br /> PREPARER: Grand Island, NE 68802-5080 (3081382-9025 (`�
<br /> \X �
<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 part of the following Trust Deed,the undersigned Trustor(s) 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 Trus eed 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' .
<br /> "'' i
<br /> AI BRUMMU I � �i�OO�tO�U� /✓._/.i�'I7/YYLr.c�tL/�/
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<br /> R ERT E BRUMMUND A EY RU M^ON��
<br /> Farm Credit Services of America
<br /> TRUST DEED AND ASSIGNMENT OF RENTS
<br /> Trustor(s1:
<br /> GAIL E BRUMMUND and DEBBRA D BRUMMUND, husband and wife
<br /> LARRY L BRUMMUND and KATHY M BRUMMUND, husband and wife
<br /> ROBERT E BRUMMUND and AUDREY M BRUMMUND, husband and wife
<br /> Mailing Address:
<br /> 2208 S WOODRIDGE PL
<br /> GRAND ISLAND NE 68801-7237
<br /> This Trust Deed and Assignment of Rents is made A ril 08 1999,by and among the above named Trustor(s)and AgAmerica,FCB, "Trustee,"whose
<br /> mailing address is PO Box TAF-05, Spokane,Was ington 0-4005,and Farm Credit Services of America FLCA, "Beneficiary," whose mailing
<br /> address is 206 S 19th Street, Omaha NE 68102-1745 in consideration of the a vance by Beneficiary of the principal sum specified below, the
<br /> receipt of w ic is ere y acknow 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 Countyliesl, State of Nebraska, and
<br /> described as follows:
<br /> SW 1/4 of Section 26, Township 10N, Range 9W 6th P.M.
<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 rights;all rents,issues,uses,income,
<br /> profits,and rights to possession;all oil,gas,gravel,rock,or other minerals 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 /> accessories; and all leases, permits, licenses, or privileges, appurtenant or nonappurtenant to the property, now or hereafter issued, extended or
<br /> renewed by Trustor(s), 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 Trustor(s)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 /> 4/ /1 4, .
<br /> payable according to the terms of the notels►, and any addendum to, reamortization or restructuring of the notels).
<br /> (b) The repayment in full 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 Trustorls), 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 instrumentls); provided, however, that the total principal indebtedness outstanding
<br /> and secured hereby at any one time will not exceed the sum of TWO HUNDRED TWENTY-FOUR THOUSAND DOLLARS(S 224 000.001,exclusive
<br /> of interest and protective advances authorized herein or in the loan agreement(s►; provided further, that THI PARA APH 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 /> Ap#: 00167216; Primary Customer ID #; 00077981; CIF #: 82886 Legal Doc. Date: April 08, 1999
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