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<br /> PREFACE TO AGRICULTURAL DEED OF TRUST �
<br /> v�
<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 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 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
<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 /> ❑ C. DESIGNATION OF HOMESTEAD:
<br /> Pursuant to the Fazm Homestead Protection Act (Section 76-1901 et seq. Revised Statutes of the State of Nebraska), Trustor
<br /> hereby designates the real e�tate described in the "Designation of Homestead" attached hereto and incorporated herein by this
<br /> reference. ''
<br /> :.^ti/ � � � "V
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<br /> DOLORES J ALLA� � Tr�►sto* GEORGE ALLAN R Trustor
<br /> Trustor Trustor
<br /> Trustor Trustor
<br /> AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br /> THIS DEED OF TRUST, is made as of the 20th day of May , 19 99 , by and among
<br /> the Trustor, GEORGE ALLAN, JR and DOLORES J ALLAN, Husband and 41ife
<br /> whose mailing address is 17596 41 u00D RIVER RD WOOD R1VER, NE 68883- (herein "Trustor", whether one or more),
<br /> the Trustee, THE OVERLAND NAT[ONAL BANK OF GRAND ISLAND ,
<br /> whose mailing address is (herein "Trustee"), and
<br /> the Beneficiary, THE OVERLAND NATIONAL BANK OF GRAND ISLAND ,
<br /> whose mailing address is P 0 BOX 1688 GRAND ISLAND NE 68802 (herein "Lender").
<br /> FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br /> GEORGE ALLAN JR DOLORES J ALLAN
<br /> (herein "Borrower," whether one or more) and the trust herein created, the
<br /> receipt of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST,
<br /> WTTH POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth,
<br /> THE SWTHWEST �UARTER (SN1/4) AND THE SWTHWEST �UARTER OF THE NORTH4IEST DUARTER (5411/4NW1/4) OF SECTION SIXTEEN (16),
<br /> TONNSHIP TEN (10) NORTH, RANGE T4IELVE (12) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.
<br /> Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br /> appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof,
<br /> and such personal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating
<br /> and cooling equipment; and together with the homestead or marital interests, if any, which interests are hereby teleased and waived;
<br /> all of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of
<br /> rh;�TIPPd �f Tn�cr and all nf the fnreQOinQ heine referred to herein as the "PropertV°.
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