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<br /> �(�/- FORM 5011 112-981 /�./
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<br /> RETURN TO Farm Credit Services, P.O. Box 5080 Sandi Sweeney �(�
<br /> PREPARER: Grand'Island, NE 68802-5080 (308►382-9025 '`�
<br /> HOMESTEAD DESIGNATION DISCLAIMER
<br /> In accordance:vith the provisions of the lVebraska Farm Homestead Protection Act,Neb. Rev. Sta±.Sec±ions 76-?901,et. seq.,as a preface to the
<br /> execution, and as a part of the following 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 /> /l��i.�C.�M�7 � . �¢_J�-.3-O-Y1/
<br /> MIL EL ARL N N L N
<br /> Farm Credit Services of America
<br /> TRUST DEED AND ASSIGNMENT OF RENTS
<br /> Trustor(s):
<br /> MILFORD R NELSON and ARLENE B NELSON, (A/K/A ARLENE NELSON), husband and wife
<br /> Mailing Address:
<br /> 3004 BRENTWOOD SQUARE
<br /> GRAND ISLAND NE 68801-7255
<br /> This Trust Deed and Assignment of Rents is made�Ma 14 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 ingth' 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 the advance by eneficiary o the 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 Countyliesl, State of Nebraska, and
<br /> described as follows:
<br /> E 1/2 SW 1/4 of Section 21, Township 9N, Range 9W 6th P.M.
<br /> W 1/2 NW 1/4 of Section 25, Township 9N, Range 9W 6th P.M.
<br /> NW 1/4 of Section 36, Township 9N, Range 9W 6th P.M.
<br /> THIS TRUST DEED AND ASSIGNMENT OF RENTS SECURES MORE THAN ONE NOTE AS INDICATED
<br /> BELOW. IN THE EVENT OF DEFAULT UNDER EITHER NOTE, THE TRUSTEE AND BENEFICIARY NAMED
<br /> HEREIN SHALL DECLARE BOTH NOTES IN DEFAULT AND SHALL EXERCISE THE REMEDIES PROVIDED
<br /> HEREIN IN SATISFACTION OF BOTH NOTES.
<br /> together with all l rustor s riyiit, titie, arid inierest ;n tF;e property, now or hereufter acG::ired, �nc!::ding: all bu�ldings, fixt��as, 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;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 Trustorlsl, any State,the United States, or any department, bureau, mstrumentality, 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 /> 1 /1
<br /> 01/17/1994 280,000.00 64499-201
<br /> payable according to the terms of the note(s1, and any addendum to, reamortization or restructuring of the notelsl.
<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 Trustor(s1, or any of them, for any purpose, plus interest on all loans or advances, under any notels) or other
<br /> instrument(s)modifying,refinancing,extending,renewing,reamortizing,or restructuring,new existing,or additional indebtedness or any partthereof,
<br /> Ap #:00170439; Primary Customer ID #: 00028217; CIF #: 64499 Legal Doc. Date: May 14, 1999^ ^
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