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<br />Mease return to: Nebraska State Bank, P.O. Box 260, Os osh, N 691 4
<br />
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<br />
<br />PREFACE TO AGRICULTURAL DEED OF TRUST
<br />
<br />COMPLETE this portion ONLY if the real property described
<br />consists of INDIVIDUALLY OWNED AGRICULTURAL LAND.
<br />
<br />o 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 if
<br />more than one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homestead is presently
<br />or will in the future be situated upon said real estate. Trustor understands that if Trustor establishes a homestead on any part of said
<br />real estate during the time the Deed of Trust remains unsatisfied and a lien upon said real estate, there shall be no right to make a
<br />designation of homestead in the event of a foreclosure or trustee's sale with respect to said Deed of Trust.
<br />
<br />D 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 right to
<br />make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for the purpose of
<br />affording them the opportunity to retain Trustor's homestead in the event of a default upon the Deed of Trust.
<br />
<br />o 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 hereby
<br />designates that real estate escribed in the "Designation of Homestead" attached hereto and incorporated herein by this reference.
<br />
<br />(jd /J1ff€:2f:!!9--
<br />
<br />Trustor Alberta M. s~~6; r:f Trustor Trustor
<br />
<br />
<br />Trustor
<br />
<br />Trustor
<br />
<br />Trustor
<br />
<br />Trustor
<br />
<br />AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br />
<br />THIS DEED OF TRUST, is made as of the ~ day of September
<br />Barry A. Stange and Alberta M. Stange, each in his or her own right as husband and wife
<br />
<br />,2006
<br />
<br />, by and among the Trustor,
<br />
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<br />Trustor
<br />
<br />Trustor
<br />
<br />whose mailing address is 705 S. Wabash Ave., Hastings, Nebraska 68901
<br />the Trustee, First State Bank
<br />whose mailing address is P.O. Box639,Shelton, NE 68876
<br />the Beneficiary, First State Bank
<br />whosemailingaddressisP.0.Box639.Shelton.NE 68876
<br />
<br />(herein "Trustor", whether one or more),
<br />
<br />(herein "Trustee"), and
<br />
<br />(herein "Lender").
<br />
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />Stange, Inc.
<br />(herein "Borrower," whether one or more) and the trust herein created, the receipt of which is hereby acknowledged, Trustor hereby
<br />irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Lender,
<br />under and subject to the terms and conditions hereinafter set forth,
<br />The West Half of the Northeast Quarter (W1/2NE1/4) and The East Half of the Northwest Quarter (E1/2NW1/4)
<br />all in Section Thirty-Four (34). Township Twelve (12) North, Range Twelve (12) West of the 6th P.M.. Hall County,
<br />Nebraska Excepting a certain tract conveyed to Alberta Stange more particularly described In Warranty
<br />Deed recorded as Document No. 200112278.
<br />
<br />Together with all water and water rights, (whether riparian, appropriative or otherwise, and whether or not appurtenant to the above described real
<br />property) wells, well permits, ditches, ditch rights, reservoir rights, storage rights, and water stock (hereinafter referred to collectively as "water rights") that
<br />may now, or at any time in the future, be used in connection with the above described real property, specifically including, but not limited to the following
<br />water rights: N/A
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances located
<br />thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such personal property that is attached
<br />to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling equipment; and together with the homestead or
<br />marital interests, if any, which interests are hereby released and waived; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this Deed of Trust and all of the foregoing being referred to herein as the "Property".
<br />
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