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<br /> FORM 5011 112-98)
<br /> RETURN TO Farm Credit Seryices,.P,O. Box 250 . • Renee Cooley
<br /> PREPARER: Kearney, NE 68$48-0260. „ (8001454-2039 9 9 110 � 8 2
<br /> 1 � , ` �t ` ' HOMESTEAD DESIGNATION WAIVER
<br /> In accordance with_She'pri�isioas•oP the Nebraska Farm Homestead Protection Act, Neb. Rev. Stat.Sections 76-1901,et. se
<br /> q., 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 Waive the Right to Designate a
<br /> Homestead.
<br /> I/We understand that I/we have the right to make a designation of homestead in the following Trust Deed. The execution of this Waiver constitutes
<br /> a waiver of rights otherwise available to me/us for the purpose of affording me/us the opportunity to retain my/our homestead in the event of a
<br /> default upon the Trust Deed.
<br /> � � �.
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<br /> Farm Credit Services of America
<br /> TRUST DEED AND ASSIGNMENT OF RENTS
<br /> Trustorls):
<br /> JIM P HARRISON and RHONDA L HARRISON, husband and wife
<br /> Mailing Address:
<br /> RT 2 BOX 8
<br /> ARCADIA NE 68815-9401
<br /> This Trust Deed and Assignment of Rents is made October 28 1999, by and among the above named Trustorls) and AgAmerica, FCB, "Trustee,"
<br /> whose mailing address is PO Box TAF-05, Spokane,Washington 220-4005,and Farm Credit Services of America FLC,�_'9eneficiary," whose
<br /> mailing address is 206 S 19th Street,Omaha, NE 68102-1745 in consideration of the a vance y ene iciary o t e principal sum specified below,
<br /> the receipt of whic is here y acknowledged,and any future, 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, 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 /> West Half of the Northwest Quarter (W1/2NW1/4) of Section Nine (9),Township Nine (9)
<br /> North, Range Twelve (12) West of the 6th P.M., Hall County, NE, EXCEPT that part
<br /> conveyed to Hall County per Deed recorded as Document No. 92-105603 filed June 29,
<br /> 1992, in the Hall County Register of Deeds office.
<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 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 Trustor�sl, 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 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 /> ��
<br /> 10/28/1999 100,000.00
<br /> payable according to the terms of the note(sl, 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(s), or any of them, for any purpose, plus interest on all loans or advances, under any note(s) 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 notels) or other instrumentlsl; provided, however, that the total principal indebtedness outstanding
<br /> and secured hereby at any one time will not exceed the sum of ONE HUNDRED SIXTY THOUSAND DOLLARS(S 160 000.00),exclusive of interest
<br /> and protective advances authorized herein or in the loan agreement s ; provi e urt er, t at G�t NOT CONSTITUTE A
<br /> COMMITMENT TO MAKE FURTHER OR ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL PRINCIPAL
<br /> 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 notelsl, loan agreementls),
<br /> or other instrumentlsl.
<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 December 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 Trustorls) has good and lawful authority to
<br /> Ap#: 00177784; Primary Customer ID �i: 00081155; CIF �f: 85912 Legal Doc. Date: October 28, 1999
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