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<br /> FORM 5011 (12-98)
<br /> � RETURN TO Farm Credit Services, P.O. Box 889 APRIL TUREK �
<br />�7 FREFARER: Fiastings, NE 689�2-0889 t4G2i463-88�+7 °�
<br />�`" '!�^• �^ HUMESTEAD DESIGNATION DISCLAIMER
<br /> In accordance with the provisions o�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 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 /> Farm Credit Services of America
<br /> TRUST DEED AND ASSIGNMENT OF RENTS
<br /> Trustorlsl:
<br /> SONDRA KAY JONES, Trustee for SONDRA KAY JONES REVOCABLE TRUST, KAY JONES
<br /> Mailing Address:
<br /> 306 NORTH SHORE DR
<br /> HASTINGS NE 68901-2514
<br /> This Trust Deed and Assignment of Rents is made Ma 17 1999,by and among the above named Trustor(s)and AgAmerica,FCB, "Trustee,"whose
<br /> mailing ad�ress is PO Box TAF-05, SpokanE,`Nas �n�ta� ,, C-4005,ard Farm Credi:Ssrvic�s ef Arndr.ca FLCA, "82neficiary," .vhos::maikrg
<br /> address is 206 S 19th Street, Omaha NE 68102-1745 in consideration of the advance by eneficiary of the pnncipal 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, Trustor(s) irrevocably
<br /> transfers, conveys and aassigns to Trustee, IN TRUST,WITH POWER OF SALE,tor 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 Countylies►, State of Nebraska, and
<br /> described as follows:
<br /> N1/2 SE1/4 S-19, T-9N, R-10W OF THE 6TH P.M., AND
<br /> SW1/4 S-16, T-9N, R-10W OF THE 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 pertairnng 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 /> /1 /1
<br /> 02/03/1998 140,000.00
<br /> payable according to the terms of the notels►, 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 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 note(s)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 ONE HUNDRED NINETY-FIVE THOUSAND DOLLARS(S 195 000.00►, exclusive
<br /> of interest and protective advances authorized herein or in the loan agreement s►; provided further, that P�'�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 agreementls►,
<br /> or in other instrumentls) which evidence such advances, plus interest on all such advances, payable as provided in the note(s), loan agreement(s►,
<br /> or other instrumentls).
<br /> (d) The payment in full of any and all other past, present, or future, direct or contingent, debts and liabilities of Trustor(s) or other makers to
<br /> Beneficiary of any nature whatsoever.
<br /> This Trust Deed will be due March 01, 2019, 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 Trustor(s) has good and lawful authority to
<br /> deed and encumber the same,that the property is free and clear of all liens and encumbrances,except encumbrances of record, and that Trustor�s)
<br /> will warrant and defend the property, at Trustor�s) expense, against all claimants whomsoever. Trustor(s) also hereby waives and relinquishes all
<br /> rights of dower, homestead, distributive share, and exemption in and to the above described property.
<br /> Ap #: 00169785; Primary Customer iD #: 00005342; CIF #: 62390 Legal Doc. Date: May 17, 1999
<br /> C/'1D�11 C/11� T�....r n....J __J n__'_._�__` _�n__�_
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