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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
<br />em if more than one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homesle
<br />presently or will in the future be situated upon said real estate. Trustor understands that if Trustor establishes a homestead on a
<br />in of said real estate during the time the Deed of Trust remains unsatisfied and a lien upon said real estate, there shall be no night
<br />ake a designation of homestead in the event of a foreclosure or trustee's sale with respect to said Deed of Trust.
<br />FB. 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
<br />em if more than one, hereby waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trus
<br />as right to make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for t
<br />upose 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 Farm Homestead Protection Act (Section 76 -1901 et seq. Revised Statutes of the State of Nebraska), Trus
<br />areby designates the real estate descr!Wd in "Designation of Homestead" attached hereto and incorporated herein by this reb
<br />AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the 24th day of March 2003, f§X by and among
<br />the Trustor, Robert J. Schultz and Kristine L. Schultz, Husband and Wife
<br />whose mailing address is 12788 W Chapman Road, Cairo, NE 68824 (herein'Truslor', whether one or more),
<br />the Trustee First State Bank
<br />whose mailing address is 119 C Street, P.O.Box 639, Shelton, NE 68876 herein 'Trustee'), and
<br />the Beneficiary, First State 8anx
<br />whose mailing address is 119 C Street, P.O.Box 639, Shelton, NE 68876 (herein "Lender').
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to Robert J. Schultz and
<br />(herein "Borrower; whether one or more) and the trust herein created, the receipt
<br />of which is hereby acknowledged, Tmstor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br />property described as follows:
<br />The Southwest Quarter(SWl /4) of Section Eight(8), Township
<br />Twelve(12)North, Range Eleven(ll), West of the 6thP.M., Hall County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such per-
<br />sonal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equip-
<br />ment and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which, includ-
<br />ing replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and
<br />all of the foregoing being referred to herein as the "Property ".
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<br />200303549
<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
<br />em if more than one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homesle
<br />presently or will in the future be situated upon said real estate. Trustor understands that if Trustor establishes a homestead on a
<br />in of said real estate during the time the Deed of Trust remains unsatisfied and a lien upon said real estate, there shall be no night
<br />ake a designation of homestead in the event of a foreclosure or trustee's sale with respect to said Deed of Trust.
<br />FB. 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
<br />em if more than one, hereby waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trus
<br />as right to make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for t
<br />upose 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 Farm Homestead Protection Act (Section 76 -1901 et seq. Revised Statutes of the State of Nebraska), Trus
<br />areby designates the real estate descr!Wd in "Designation of Homestead" attached hereto and incorporated herein by this reb
<br />AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the 24th day of March 2003, f§X by and among
<br />the Trustor, Robert J. Schultz and Kristine L. Schultz, Husband and Wife
<br />whose mailing address is 12788 W Chapman Road, Cairo, NE 68824 (herein'Truslor', whether one or more),
<br />the Trustee First State Bank
<br />whose mailing address is 119 C Street, P.O.Box 639, Shelton, NE 68876 herein 'Trustee'), and
<br />the Beneficiary, First State 8anx
<br />whose mailing address is 119 C Street, P.O.Box 639, Shelton, NE 68876 (herein "Lender').
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to Robert J. Schultz and
<br />(herein "Borrower; whether one or more) and the trust herein created, the receipt
<br />of which is hereby acknowledged, Tmstor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH
<br />POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set forth, the real
<br />property described as follows:
<br />The Southwest Quarter(SWl /4) of Section Eight(8), Township
<br />Twelve(12)North, Range Eleven(ll), West of the 6thP.M., Hall County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such per-
<br />sonal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equip-
<br />ment and together with the homestead or marital interests, if any, which interests are hereby released and waived; all of which, includ-
<br />ing replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this Deed of Trust and
<br />all of the foregoing being referred to herein as the "Property ".
<br />NEC , e ae�. s,. do.. env....n".,.�.,�s...,z...«�nm.,
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