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<br /> Do not write/type above this line. For i/ing puiposes on/y.
<br /> ���,A FORM 5011 (11-99)
<br /> /c.V—
<br /> �ETURN TO Farm Credit Services of America, P.O. Box 5080 Sandi Sweeney
<br /> PREPARER: Grand Island, NE 68802-5080 (800)503-3276
<br /> �
<br /> HOMESTEAD DESIGNATION WAIVER �
<br /> ���of tne Nebraska Farm Homestead Protection Act, Neb. Rev. Stat.Sections 76-1901,et. seq., as a preface to the C�
<br />�,�e� cution, and as a part ot the foliowing Trust Deeci, the undersigned Trustor�si being first duly swom, alects ro 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 /> ���-�F-�� ����-
<br /> Farm Credit Services of America
<br /> TRUST DEED AND ASSIGNMENT OF RENTS
<br /> Trustorlsl:
<br /> STEPHAN L RAINFORTH and JANET L RAINFORTH, A/K/A JANET RAINFORTH, husband and wife
<br /> Mailing Address:
<br /> 7601 W ROSEDALE RD
<br /> DONIPHAN NE 68832-9756
<br /> This Trust Deed ahd Assignmerrt of Eients is made November 03, 1999,by and among the above named Trustor(s)and AgAmerica,FCB, "Trustee,"
<br /> whose mailing address is PO Box TAF-05, Spokane, a�7 sl ington��20-40U5, and Farm Credit Services of America FL(;A� "Beneticiary," whose
<br /> mailing address is 206 S i°th Street,Omaha, NE 68102-1745 in consideration of the a vance y ene iciary o t e pnncig�.oum specified below,
<br /> the receipt of which is ere y acknowledged,Trustor(s)irrevocably transfers,conveys and aassigns to Trustee, IN TRUST,WITH POWER OF SALE,
<br /> for the benefit and security of Beneficiary, its successors and assigns, under and subject to the terms and conditions of this Trust Deed,the
<br /> property, located in Hall Countyliesl, State of Nebraska, and described as follows:
<br />, NW 1/4 of Section 31, Township 9N, Range 10W 6th P.M., excepting tracts conveyed to
<br /> County of Hall, State of Nebraska in Quitclaim Deeds recorded in Book 138, Page 337
<br /> and Book 138, Page 339 AND EXCEPTING therefrom Lot One (1) Bur Oak Subdivision
<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 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 intearally 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 resi�e�ce secured rtereoq;easements and other r�yhts anu inter�sts no�v cr aY any tirne hercafitsr bclor.gina to
<br /> y or in any way pertairnng to the pro�erty, whether or not specifically described harein; a11 aboVe and below ground irrigation equipment and
<br />'� accessones; and all leases, permits, icenses,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 the repayment in full of promissory notels)
<br /> in the original principal amount of S 100 000.00,and all future and additional loans or advances, protective or otherwise,which may be made by
<br /> Beneficiary, at its option,at the request o�an�or for the account of Trustorls),or any of them,for any purpose, plus interest thereon,all payable
<br /> accordin� to the terms of the note(s) or other instrumentls) modifying the same; provided, however, that the total principal indebtedness
<br /> outstanding and secured hereby at any one time will not exceed the sum of TWO HUNDRED FORTY THOUSAND DOLLARS (S 240 000.00►,
<br /> exclusive of interest and protective advances authorized herein or in the loan agreement s ; provi e urt er,t at RAPA-SF�LClQ6T
<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 /> This Trust Deed will be due Januarv 01, 2020.
<br /> Tt s) hereby warrants that Trustor�s) holds fee simple title to the above described property, that Trustor(s) has good and lawful authority to
<br /> de� ymber the same,that the property is free and clear of all liens and encumbrances,except encumbrances of record, and that Trustorls)
<br /> will warr ' �d,r;efend the property, at Trustorls) 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 /> Trustorls)and each of them further covenants and agrees with Beneficiary as follows:
<br />� Ap il; 00178318; Primary Customer ID�l: 00063802; CIF p: 38186 Legal Doc. Date: November 03, 1999
<br /> FORM 501 1, Trust Deed and Assignment of Rents Page 1
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