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<br />RETURN TO Farm edit Services of America 3800 NW 12th, Suite D Dab Birkel
<br />PREPARER: foci HE 685210000 18881396 -3276 —_
<br />HOMESTEAD DESIGNATION WAIVER
<br />In accordance with the provisions of the Nebraska Farm Homestead Protection Act, Neb. Rev. Stan. Sections 76 -1901, at, sag a a preiece to the ,S
<br />Hanr,felon, and as a part of the following Trust Deed, the undersigned Trustorls) being first duly sworn, elems to Waive the Right to Designate a C
<br />ieslcad.
<br />/We understand that avu, have the right to make a designation of homestead in the following Trust Deatl- The execution of this Waiver constitutes
<br />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 open the Trust Dead. e ) —
<br />0
<br />Farm Credit Services of America
<br />TRUST DEED AND ASSIGNMENT OF RENTS
<br />Trustorlsl:
<br />JAY D RAINFORTH and KELLY RAINFORTH, husband and wife
<br />Mailing Address:
<br />2634 RAINDANCF
<br />FREMONT NE 68025 -7912
<br />I rust need, the property, located in
<br />SEE ATTACHED EXHIBIT "A"
<br />together with all Trustor's right,
<br />improvements now on or hereafter
<br />profits, and rights to possession; al
<br />that may Integrally balong to or her
<br />accoutrements of any structure or
<br />or in any way retention to the 1
<br />and among the above named
<br />to st entr sore and aaaigna, under and sumac,
<br />of Nebraska, and described as follows
<br />-
<br />in the orooerty, ouw or
<br />d AgriBank, FCB. "I Macau."
<br />"Beneficiary," whose mailing
<br />rcentury of the principal sum
<br />to Trustee, IN TRUST. WITH
<br />the terms and conditions of
<br />buildings, fixtures, crops, and
<br />all rents, issues, uses, income,
<br />resources; all personal property
<br />and other rigors and neurrts now or at anygme nereatte
<br />described herein; all above and below ground irrigation e
<br />or napNurtewnl to the properly, now or hereafter Issue
<br />bureau, instrumentality, or agency thereof, The foregoing
<br />returned to In me, Sentiment as me property.
<br />It is understood and agreed between Trustorlsl and Beneficiary that this Trust Deed Is given to senure the repayment In full of the follow l ng,described
<br />promissory depend, and all future and additional loans or advances, protective or otherwise, which may he 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 panels) or other imetrumentid modifying the same.
<br />Dense Princi 25 a
<br />12/27/2002 25,000.0000
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time will not exceed the sum of FIFTY
<br />THOUSAND DOLLARS S 50000,00), exclusive of interest and protective advances authorized herein or in the loan a9 ends); provided furter,
<br />that AAAUHAPH SAAL�Fir CONSTITUTE A COMMITMENT TO MAKE FURTHER OR AUDI I IONAL ADVANCES IN ANY AMOUNT AT ANY
<br />TIME, WHETHER OR NOT THE TOTAI. PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />This Trust Dead will be due January 01. 2018.
<br />Tru tons) hereby warrants :hat Trustorlsl holds tee 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 tree and occur of all Ilan, and uncmmbrances, except encumbrances of renord, and that Trustor(sl
<br />will warrant and defend the property, at Trustor(s) expense, against all claimants whomsoever. Trustorls) 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 Eeneficiary
<br />may exercise the remedies provided herein in satisfaction of all notes.
<br />Trustorls) and each of them further covenants and agrees with Beneficiary as follows:
<br />a. I pay all liens, judgments, or other assessments against the property, and in 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
<br />on public bargain.
<br />2. To or nee and keep insured buildings and other improvements - including fixtures and attachments now on or hereafter placed on the proppay to
<br />the satafartion of Beneficiary. Such insurance will be approved by and deposited with Beneficiary, and endorsed with loss payable clause to
<br />Beneficiary. Any sums so received by Banaflclary may be used to pay for reconstruction of the destroyed Improvements or If nut so applied may
<br />be applied, at tire option of Beneficiary, in payment of any indebtedness matured or unmamred secured by this Trust Deed. Such insurance will be
<br />in an amount at least equal to the lesser of lbe loan balance, the actual cash value Of the collateral, or the replacement cost of the property, and
<br />will at a minimum, cover losses caused by fire, lightning, explosion, riot, aircraft, vehicles, vandalism, III commotion, smoke, windstorm, and hail.
<br />Ap #: 00282465; Primary Customer ID #: 00102924; CIF #: 106683 Legal Doc Date: January 28, 2003
<br />FORM 6011, Trust Deed and Assignment of Rents Page 1
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