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202606050 <br />the last surviving Transferor and has no then -living descendants, that share shall augment the <br />share of the surviving beneficiary. <br />REVOCABILITY <br />This Transfer on Death Deed is revocable. Either Transferor may revoke this deed as to their own <br />interest during their lifetime by executing and recording a revocation in accordance with <br />Nebraska law. This deed may not be revoked by will or by any other instrument that is not <br />recorded. <br />NO PRESENT TRANSFER <br />This Transfer on Death Deed does not transfer any present interest in the above -described real <br />estate. The Transferors retain full ownership and control of the property during their lifetimes, <br />including the right to sell, mortgage, lease, or otherwise encumber or convey the property. This <br />deed takes effect only upon the death of the last surviving Transferor and is subject to any liens, <br />encumbrances, or conveyances made by the Transferors during their lifetimes. <br />WARNINGS <br />WARNING: The property transferred remains subject to inheritance taxation in Nebraska to the <br />same extent as if owned by the transferor at death. Failure to timely pay inheritance taxes is <br />subject to interest and penalties as provided by law. <br />WARNING: The designated beneficiary is personally liable, to the extent of the value of the <br />property transferred, to account for medicaid reimbursement to the extent necessary to discharge <br />any such claim remaining after application of the assets of the transferor's estate. The designated <br />beneficiary may also be personally liable, to the extent of the value of the property transferred, <br />for claims against the estate, statutory allowances to the transferor's surviving spouse and <br />children, and the expenses of administration to the extent needed to pay such amounts by the <br />personal representative. <br />WARNING: The Department of Health and Human Services may require revocation of this deed <br />by a transferor, a transferor's spouse, or both a transferor and the transferor's spouse in order to <br />qualify or remain qualified for medicaid assistance. <br />