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PREFACE TO MORTGAGE OR DEED OF TRUST UNDER FARM HOMESTEAD PROTECTION ACT VAY&I 200202645 In accordance with the provisions of the Nebraska Farm Homestead Protection Act, the undersigned, JOHN T. DAVIS and KAREN E. DAVIS, husband and wife, prior to executing the attached Deed of Trust dated March 8, 2002, by and between the undersigned and THE STATE BANK OF CAIRO, A Nebraska Banking Corporation, (hereinafter referred to as "Mortgage ") hereby state and acknowledge: 1. The undersigned states, warrants and represents that their dwelling house and other buildings subject to a homestead are presently located upon the following described real estate (hereafter referred to as "Parcel 1 ") The westerly 314 feet of the northerly 661 feet of the Northwest Quarter of the Northwest Quarter (NW 1/4 NW 1/4 of Section 22, Township 11, North, Range 11, West of the 6th P.M., containing 4.765 acres, more or less. 2. The undersigned acknowledges that they have a right to make a designation of homestead in the Mortgage or Deed of Trust for the purpose of affording the opportunity to retain their homestead in the event of default and foreclosure under the Mortgage or trustee's sale under the Deed of Trust. 3. The undersigned acknowledges that the execution of this waiver constitutes the complete waiver of rights otherwise available for the purpose of affording the opportunity to retain a homestead in the event of a default and any foreclosure under the Mortgage or trustee's sale under the Deed of Trust. 4. The undersigned state that this acknowledgment and waiver is their knowing and voluntary act and deed and the undersigned do hereby willingly and voluntarily waive, relinquish and remise any and all right to make a designation of homestead in the Mortgage or Deed of Trust. 5. The undersigned further understand and agree that this acknowledgment and waiver shall be filed as a Preface to and become a part of the Mortgage or Deed of Tn Dated: March 8, 2002 STATE OF NEBRASKA) ) SS COUNTY OF HALL ) KAREN E. DAVIS The foregoing instrument was acknowledged before me on March 8, 2002, by JOHN T. DAVIS and KAREN E. DAVIS, husband and wife. MID f 4AOT"IdNebraska IRVIN BALDWIN ley 0yM. F1P. Na.14, 2005 NOTARY PUBLIC