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PREFACE TO AGRICULTURAL DEED OF TRUST
<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: U
<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 of them i
<br />if more than one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homestead is
<br />presently or will in the future be situated upon said real estate. Trustor understands that if Trustor establishes a homestead on any
<br />part of said real estate during the time the Deed of Trust remains unsatisfied and a lien upon said real estate, there shall be no right to
<br />make a designation of homestead in the event of a foreclosure or trustee's sale with respect to said Deed of Trust.
<br />❑ B. 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 of them
<br />if more than one, hereby waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trustor has
<br />right to make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for the
<br />purpose 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), Trustor
<br />hereby designates the real estate described in the "Designation of Homestead" attached hereto and incorporated herein by this
<br />reference.
<br />� T �
<br />Keith W. Brown, Trustor
<br />Trustee of the Brown Family Trust, dated
<br />September 17 , 1999 Trustor
<br />AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the 12th day of November -,20-9-3 by and among
<br />the Trustor, Keith W. Brown, Trustee of the Brown Family Trust, dated September 17, 1999
<br />whose mailing address is 3158 25th Avenue, Columbus, NE 68601 (herein "Trustor ", whether one or more),
<br />the Trustee, Nebraska Energy Federal Credit Union
<br />whose mailing address is
<br />1414 15th Street, Columbus, NE 68601
<br />the Beneficiary, Nebraska Energy Federal Credit Union
<br />(herein "Trustee "), and
<br />whose mailing address is 141.4 15th Street, Columbus, NE 68601 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to Keith W. Brown, Trustee
<br />September 17, 1999
<br />of the Brown Family Trust, dated (herein "Borrower," whether one or more) and the trust herein created,
<br />the receipt of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set
<br />forth, the real property, described as follows: '
<br />SEE ATTACHED EXHIBIT "A"
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurte-
<br />nances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and
<br />such personal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and
<br />cooling equipment; and together with the homestead or marital interests, if any, which interests are hereby released and waived; all
<br />of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a promissory note or credit
<br />agreement dated November 12, 2003 having a maturity date of December 1, 2033
<br />In the original principal amount of $ 350, 000.00 and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder
<br />pursuant to one or more promissory notes or credit agreements (herein called "Note "); (b) the payment of other sums advanced by
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<br />PREFACE TO AGRICULTURAL DEED OF TRUST
<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: U
<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 of them i
<br />if more than one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homestead is
<br />presently or will in the future be situated upon said real estate. Trustor understands that if Trustor establishes a homestead on any
<br />part of said real estate during the time the Deed of Trust remains unsatisfied and a lien upon said real estate, there shall be no right to
<br />make a designation of homestead in the event of a foreclosure or trustee's sale with respect to said Deed of Trust.
<br />❑ B. 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 of them
<br />if more than one, hereby waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trustor has
<br />right to make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for the
<br />purpose 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), Trustor
<br />hereby designates the real estate described in the "Designation of Homestead" attached hereto and incorporated herein by this
<br />reference.
<br />� T �
<br />Keith W. Brown, Trustor
<br />Trustee of the Brown Family Trust, dated
<br />September 17 , 1999 Trustor
<br />AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the 12th day of November -,20-9-3 by and among
<br />the Trustor, Keith W. Brown, Trustee of the Brown Family Trust, dated September 17, 1999
<br />whose mailing address is 3158 25th Avenue, Columbus, NE 68601 (herein "Trustor ", whether one or more),
<br />the Trustee, Nebraska Energy Federal Credit Union
<br />whose mailing address is
<br />1414 15th Street, Columbus, NE 68601
<br />the Beneficiary, Nebraska Energy Federal Credit Union
<br />(herein "Trustee "), and
<br />whose mailing address is 141.4 15th Street, Columbus, NE 68601 (herein "Lender ").
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to Keith W. Brown, Trustee
<br />September 17, 1999
<br />of the Brown Family Trust, dated (herein "Borrower," whether one or more) and the trust herein created,
<br />the receipt of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Lender, under and subject to the terms and conditions hereinafter set
<br />forth, the real property, described as follows: '
<br />SEE ATTACHED EXHIBIT "A"
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurte-
<br />nances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and
<br />such personal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and
<br />cooling equipment; and together with the homestead or marital interests, if any, which interests are hereby released and waived; all
<br />of which, including replacements and additions thereto, is hereby declared to be a part of the real estate secured by the lien of this
<br />Deed of Trust and all of the foregoing being referred to herein as the "Property".
<br />This Deed of Trust shall secure (a) the payment of the principal sum and interest evidenced by a promissory note or credit
<br />agreement dated November 12, 2003 having a maturity date of December 1, 2033
<br />In the original principal amount of $ 350, 000.00 and any and all modifications, extensions and renewals
<br />thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder
<br />pursuant to one or more promissory notes or credit agreements (herein called "Note "); (b) the payment of other sums advanced by
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