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<br />FORM 5 011 11 -200 31
<br />RETURN TO Farm Credit Services of America, P.O. Box 5080 Kathy Schulte _
<br />PREPARER: Grand Island, HE 68802 -5080 (8001503 -32]6
<br />C r
<br />HOMESTEAD DESIGNATION DISCLAIMER
<br />In accordance with the provisions of the Nebraska Farm Homestead Protection Act, Neb. Rev. Star. Sections ]6 -1901, et. seq., as a preface to the \\
<br />execution, and as a part of the following Trust Deed, the undersigned Trustogs) 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 IAve 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 />H N 7 LAMUL L KENYUN
<br />Farm Credit Services of America
<br />TRUST DEED AND ASSIGNMENT OF RENTS
<br />Trustorlsl:
<br />HARLON L KENYON and CAROL L KENYON, A /K /A CAROL KENYON, husband and wife
<br />Mailing Address:
<br />5150 W WOOD RIVER RD
<br />GRAND ISLAND NE 68803 -9101
<br />This Trust Deed and Assignment of Rents Is made Japan- 6 2003, by and among the above named Trustons) and AgrMank, FCB, "Trustee,"
<br />whose mailing address is PO Box 64949, St. Paul, Minnesota 55164 -0949, and Farm Credit Services of America FLCA, 'Beneficiary," whose
<br />mailing address is 501k5 5S 118th St PO eox 2409, Omaha HE 68103 -2409 in consideration o tea vance y aria miary of the principal sum
<br />specified below, the receipt of which is he owl�ge3, rus�torlsl nievocably transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Beneficiary, its successors and assigns, under and subject to the terms and conditions of
<br />this Trust Deed, the property, located in Hall CountyliesL State of Nebraska, and described as follows:
<br />S1 /2NW1/4 and NE1 /4NW1/4 all in Section 15, Township 10 North, Range 10 West of the
<br />6th P.M., Hall County, Nebraska
<br />together with all Toaster'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 ge thermal resources; all personal property
<br />that may integrally belong to or hereafter became an integral part of the real estate whether attached or etacheit, including any appurtenances and
<br />accoutrements of any structure or repabmce 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 Trustorlsl, 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 Trustorlsl and Beneficiary that this Trust Deed is given to secure the repayment in full of the following described
<br />promissory notels), and all future and additional loans or advances, protective or otherwise, which may be made by Beneficiary, at Its option, at
<br />the request of, and to or for the account of Trustorlsl, or any of them, for any purpose, plus interest thereon, all payable according to the terms
<br />of the notelsl or other iastrument(s) modifying the same.
<br />Date of Note Prince al�Amount
<br />1//f5t5/ 63 120,000.00
<br />01/06/2003 100,500.00
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time will not exceed the sum of TWO HUNDRED
<br />TWENTY THOUSAND FIVE HUNDRED DOLLARS IS 220 500.00), exclusive of interest and protective advances authorized harem or i�n i�
<br />agreements; prove a art er, [ at AG7iA.PR`SRATC NOT CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL
<br />ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />This Trust Deed will be due January 01, 2028
<br />Trustorlsl hereby warrants that Trustods) holds fee simple title to the above described property, that Trustorlsl 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 Trustorlsl
<br />will warrant and defend the property, at Trustorlsl expense, against all claimants whomsoever. Trustorlsl also hereby waives and relinquishes all
<br />rights of dower, homestead, distributive share, and exemption In and to the above described property.
<br />This trust deed secures more than one note. In the event of default under any note, all notes will be considered to be in default and the Beneficiary
<br />may exercise the remedies provided herein In satisfaction of all notes.
<br />Trustorlsl and each of them further covenants and agrees with Beneficiary as follows:
<br />1. To pay all liens, judgments, or other assessments against the property, and to pay when due all assessments, taxes, rents, fees, or charges upon
<br />the property or under any lease, permit, license, or privilege assigned to Beneficiary as additional security to this Trust Deed, Including those In or
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