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Do not write /type above this line, For riling purposes only.
<br />FORM 5011 (1 -2003)
<br />RETURN TO Farm Credit Services of America, P.O. Box 5080 Kathy Schulte
<br />PREPARER: Grand Island, NE 68802 -5080 (800)503 -3276
<br />HOMESTEAD DESIGNATION DISCLAIMER
<br />In accordance with the provisions of the Nebraska Farm Homestead Protection Act, Neb. Rev. Stat. Sections 76 -1901, et. seq., as a preface to the
<br />execution, and as a part of the following Trust Deed, the undersigned Trustor(s) 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 I /we 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 />STEVEN ELK
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<br />Do not write /type above this line, For riling purposes only.
<br />FORM 5011 (1 -2003)
<br />RETURN TO Farm Credit Services of America, P.O. Box 5080 Kathy Schulte
<br />PREPARER: Grand Island, NE 68802 -5080 (800)503 -3276
<br />HOMESTEAD DESIGNATION DISCLAIMER
<br />In accordance with the provisions of the Nebraska Farm Homestead Protection Act, Neb. Rev. Stat. Sections 76 -1901, et. seq., as a preface to the
<br />execution, and as a part of the following Trust Deed, the undersigned Trustor(s) 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 I /we 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 />STEVEN ELK
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<br />Farm Credit Services of America
<br />TRUST DEED AND ASSIGNMENT OF RENTS
<br />Trustor(s):
<br />STEVEN J STELK and LORETTA K STELK, husband and wife
<br />CLAYTON J STELK and KIMBERLY K STELK, husband and wife
<br />Mailing Address:
<br />4301 W GUENTHER RD
<br />GRAND ISLAND NE 68803 -9217
<br />This Trust Deed and Assignment of Rents is made Ju124 2003, by and among the above named Trustor(s) and AgriBank, FCB, "Trustee," whose
<br />mailing address is PO Box 64949, St. Paul, Minnesota 55164 -0949, and Farm Credit Services of America FLCA, "Beneficiary," whose mailing
<br />address is 5015 S 1 18th St PO Box 2409, Omaha NE 68103 -2409 in consideration o the advance by eneficiary of the principal sum specified
<br />below, the receipt o w is is ere y ac now a ge rustor s irrevocably transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF
<br />SALE, for the benefit and security of Beneficiary, its successors and assigns, under and subject to the terms and conditions of this Trust Deed,
<br />the property, located in Hall County(ies), State of Nebraska, and described as follows:
<br />W1 /2SE1 /4 and SE1 /4SW1 /4 of Section 13, Township 10 North, Range 11 West of the 6th
<br />P.M., Hall County, Nebraska EXCEPTING A tract of land comprising a part of the
<br />SW1 /4SE1/4 of Section 13, Township 10 North, Range 11 West of the 6th P.M., Hall
<br />County, Nebraska, and more particularly described as follows: Beginning at the
<br />southeast corner of said SW1/4SE1/4; thence westerly, along and upon the south line
<br />of said SW1 /4SE1 /4, a distance of 724.52 feet; thence deflecting right 91 degrees
<br />19'35" and running northerly, a distance of 485.93 feet; thence deflecting right 88
<br />degrees 40'25" and running easterly, parallel with the south line of said
<br />SW1 /4SE1 /4, a distance of 71 1.35,feet to a point on the east line of said
<br />SW1 /4SE1/4; thence deflecting right 89 degrees 46'24" and running southerly,
<br />along and upon the east line of said SW1/4SE1A, a distance of 458.80 feet to the
<br />point of beginning.
<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 integrally 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 residence 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 Trustor(s), 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 Trustor(s) and Beneficiary that this Trust Deed is given to secure the repayment in full of the following described
<br />promissory note(s), 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 Trustor(s), or any of them, for any purpose, plus interest thereon, all payable according to the terms
<br />of the note(s) or other instrument(s) modifying the same.
<br />Date of Note Princi al Amount
<br />07/24/2003 128,000.00
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time will not exceed the sum of T O H�L�/ UNDRED
<br />FIFTY -SIX THOUSAND DOLLARS ($ 256,000.00), exclusive of interest and protective advances authorized herein or in the loan agrea entTsT;
<br />Ap #: 00312508; Primary Customer ID #: 00106970; CIF #: 112016 Legal Doc. Date: Jury z4, zuue
<br />FORM 5011, Trust Deed and Assignment of Rents Page 1
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