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<br /> °�S'S
<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,compiete ONLY ONE either A, B,or C:
<br /> I�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 there is a lien upon said real estate,there shall be no
<br /> right to 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 /> Q 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 /> �. ��� T � e �
<br /> KENNETH K. LAURITS Trustor �INDA L. LAURITSEN Trustor
<br /> Trustor Trustor
<br /> AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br /> THIS DEED OF TRUST, is made as of the l OTH day of MAY , 19 99 , by and among
<br /> theTrustor, KENNETH K. LAURITSEN AND LINDA L. LAURITSEN, HUSBAND AND WIFE ,
<br /> whose mailing address is 662 JENSEN RD. DANNEBROG NE 68831 (herein`Trustor',whether one or more),
<br /> theTrustee FIVE POINTS BANK, A NEBRASKA CORPORATION
<br /> whose mailing address is P 0 BOX 1507 GRAND ISLAND NE 68802-1507 (herein"Trustee"),and
<br /> the Beneficiary, F I V E PO I NTS BANK
<br /> whose mailing address is ���5 N BROADWELL AVE , �RAND T� AND NF 6f���3 (herein"Lender').
<br /> FOR VALUABLE CONSIDERATION includin Lender's extension of credit identified herein to
<br /> KENNETH K. LAURITSEN AND LII�DA L, LAURITSEN
<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 ATTACHED "EXHIBIT N"
<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 /> This Deed of Trust shall secure(a)the payment of the principal sum and interest evidenced by a promissory note or credit agree-
<br /> ment dated MAY 10, 1999 ,having a maturity date of MAY 9� 2014 ,
<br /> NBC 3457F(Agtitullutal Deed)Rev.fl95
<br /> O 1988 WGaW Bank d Conwnerte TruM an0 SavMps Associetbn.Lincoln.NeDraska
<br />
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