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<br /> PREFACE TO AGRICULTURAL DEED OF TRUST
<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 foltowing Deed of Trust upon the Property.Trustor,and each of them
<br /> if more than one,hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homestead is
<br /> 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 them
<br /> if more than one, hereby waives Trustor's right to designate a homestead on said real estate.Trustor understands that Trustor has
<br /> 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
<br /> reference.
<br /> �
<br /> rustor �
<br /> Trusto
<br /> AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br /> THIS DEED OF TRUST, is made as of the�_day of l�arch , 19�9- by and among
<br /> the Trustor, Dean W. Lau and__Joan R. Lau, Husband and Wife,
<br /> whose mailing address is 1350 W Rainforth Rd. , Doniphan, NE 68832 (herein "Trustor", whether one or more),
<br /> the Trustee, Bank of Doninhan, a Nebraska Cor�oration
<br /> whose mailing address is P 0 Box 270. Doniphan. NE 68832 (herein "Trustee"), and
<br /> the Beneficiary, Rank nf nnninhan
<br /> whose mailing address is P 0 Box 270, Doniphan, NE 68832 (herein "Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to Dean W L.ait and
<br /> Joan R. Lau, Husband and Wife, (herein "Borrower," whether one or more) and the trust herein created,
<br /> the receipt of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN
<br /> TRUST,WITH POWER OF SALE,for the benefit and securiry of Lender,under and subject to the terms and conditions hereinafter set
<br /> forth,the real property, described as follows: .l.��W���,�sw 1/4 ofSec�ionTw
<br /> ) enty-six(26),Towt�alup Nine(9)
<br /> North,Range Ton(10)West of the 6th P.M.,Hall County,Nebraska exapting therefrom tracts of land more particlarly deecribed in Quh
<br /> C1aim Deed recorded in Book 138,Page 317 and Doed recardod in Book 161,Page 67 and a tract of land platted Hawk's Nest as shown
<br /> on plat reoorded as Document No.88-10341 S in the Regitder of Deeds Office,Hall Cou;nty,Nebraaka
<br /> aznd The West Half ofthe Southeast Quarter(W 1/2SE1/4)of Sec;tion Twenty(20),Township Nine(9)North,Range
<br /> Nine(9)Weat oftlu 6th P.M.,Hall County,Nelxaslca.
<br /> Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurte-
<br /> nances located thereon or in anywise pertaining thereto,and the rents,issues and profits, reversions and remainders thereof,and
<br /> such personal property that is attached to the improvements so as to constitute a fixture, including,bu,�not limited to,heating and
<br /> cooling equipment;and together with the homestead or marital interests,if any,which interests are hereti�i`'ele�d,�nd waiv�all
<br /> of which,including replacements and additions thereto,is hereby declared to be a part of the real estate secure�`by the li�=�# his
<br /> Deed of Trust and all of the foregoing being referred to herein as the"Property".
<br /> This Deed of Trust shall secure(a)the payment of the principal sum and interest evidenced by a promissory note or credit
<br /> agreement dated March 30, 1999 , having a maturiry date of June 1. 2000 ,
<br /> in the original principal amount of$ 172.500.00 , and any and all modifications, extensions and renewals
<br /> thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder
<br /> pursuant to one or more promissory notes or credit agreements(herein called"Note");(b)the payment of other sums advanced by
<br /> promissory note of this date.
<br /> NBC 3457(Agricultwal Deed)Rev.9/94
<br /> OO 1988 National Bank of Commerce Trust and Savings Associ8tion,Lincoln,Nebraska
<br /> .x,
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