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<br />; 88- 105052 <br /> <br />PREFACE TO MORTGAGE OR TRUST DEED UNDER <br />FARM HOMESTEAD PROTECTION ACT <br />DISCLAIMER <br /> <br />In accOl;dance ~nth the pro';'isio~ olb~Ne~aska F/ilXm <br />HomesJ:~r ectLlln~A~!=, the undersl.gned,BIJES '__~_l.11J..L€l'imd <br />nmuuE. M. ~ior to executing the attac e ortgage or <br />Trust Dee ate ~~l 19Bi by and between the undersigned <br />and Bmk of W:xrl River (hereinafter referred to <br />as "Mortgage or Trust Deed") hereby state and acknowledge: <br /> <br />1. That no part of the homestead of the undersigned is <br />presently or in the future will be situated on the following <br />described real estate nor are there any buildings sufficient to be <br />designated as a homestead preseutly located upon said real estate: <br />fu.Itb..est QErter (3I'lJ of Sec:tim Eigj1t (8), 'l'cw1Bhip TEn (10) lbrth, R9nge'Il.elve (12) IIest of the <br />6ih P.M., Hill. CantiY ~l:rnska; exneptlng treref'ron a trnct. of Jmrl cxnp1sing a IBrl of the &Jrtlr.est <br />QErter of Sec:tim 8, 'lbol'IShip 10 lbrth, R9nge 12 IIest of the 6ih P.M., jn Hill. Cl:J.nl<y, Nel:mslm., <br />nnre plI'tImJBr~ desc:r.i.1:ai as fallows: ~ at a p:rlrrt en the fu.rth lire of <Bid fu.Itb..est <br />QErter E!lid p:rlrrt hrlng W3.75 feet >.est of the &:lutlelSt cam!l" of E!lid &:l.rt:h;,ert. QErter; <br />tb3X:e ;.estsro~ elcrJg the sarth lire of E!lid fu.Itb..est QErter a distarre of 5'9.38 feet; tb3X:e <br />deflecting right CJJ" V' 1iJ' ani runlng rnrtrer~ a distarre of 1,W.0 feet; tb3X:e easte!"~ <br />pmillal to <Bid sarth lire of the fu.Itb..est QErter a distarre of 351.0 feet; tb3X:e deflecting <br />right CfJo V' IiJI ani nming .9:l1tlE!"~, a distarre of 1,1 'J.).O feet; tla1ce easte!"~ pmillal to <br />mid fu.rth lire of the fu.Itb..est QErter a distarre of 119..34 feet; tla1ce def.1.ectirJg ri.olIt CJJ" VI 1iJ' (o:nt'd) <br />2. The undersigned acknowledge that while the ~orfgage <br />or Trust Deed remains unsatisfied and a lien on said real estate <br />they shall have no right presently or in the future to make a desig- <br />nation of homestead on said real estate including without limitation, <br />in the event of a foreclosure or trustee's sale under the Mortgage <br />or Trust Deed. <br /> <br />3. The undersigned acknowledge that if, contrary to this <br />Disclaimer, they establish a homestead on said real estate during <br />the time the Mortgage or Trust Deed remains unsatisfied and a lien <br />upon said real estate they shall have no right to make a designation <br />of homestead in the event of a foreclosure or trustee's sale under <br />the Mortgage or Trust Deed. <br /> <br />4. The undersigned state that this acknowledgment is <br />their knowing and voluntary act and deed and constitutes a written <br />disclaimer and acknowledgment under the Nebraska Farm Homestead <br />Protection Act and the undersigned do hereby disclaim any right to <br />designate a homestead in the event of a default upon such Mortgage <br />or Trust Deed or in the event of a foreclosure or trustee's sale <br />under the Mortgage or Trust Deed. <br /> <br />5. The undersigned further understand and agree that <br />this acknowledgment and Disclaimer shall be filed as a Preface to <br />and become a part of the Mortgage or Trust Deed. <br />(o:nt'd) ani nming a:ut:bar~, a distarre of 469.0 feet to the p1Bre of l:eginniI\g ani cx:nta.inirg <br />15.an acres, nnre Cil" less, <br /> <br />PAGE 1 of 2 <br />