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<br />88- .105053 <br /> <br />PREFACE TO MORTGAGE OR TRUST DEED UNDER <br />FARM HOMESTEAD PROTECTION ACT <br />DISCLAIMER <br /> <br />In accordance with the provisiotlll"""q,fc. t:.t'idt~w~ 1~. <br />llm Ri.lev .J!B~~~ie~\1Jct, the undersigned ,u=nus~afif'..!i'Th".~~' . '''-'-'ilf1d <br />l.eanrE M: 'Ri1w, I"omm ~ ;tf'P; , prior to executing the attached Mortgage or <br />Trust Dee ated CeoI:anl:Er 16th, 19.m. by and between the undersigned <br />and Bank of Wood River (hereinafter referred to <br />as "Mortgage or Trust Deed") hereby state and acknowledge: <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 prEo~ntly located upon said real estate: <br />Iota ere (1), 'l\.o (2), Three (3) errl fur (4) en Islanl.; errl Iota ere (1), 'l\.o (2), Three (3) errl fur (4), <br />en Mlinlani, Eia::epting ~, a p3I'Cl8l of lard =rtaining 1m errl a Fl:acti.aal Acres, off errl alaJg tl1e <br />-N:Iti:h siJ:le of Iota 1, 2, 3 errl 4 en Mlinlani fecrtim &Mnte<n (17), 'l1:wJship Nina (9) NJrlh, R!ll:ge 'J.'l.elve <br />(12) \oest of tl1e 6th P.M., Hill. CcurtiY, Nebrnska, Iescctl:ai as :Fb1Ja;s: Ifginning at tl1e N::rtb..est Cbtmr <br />of S9id Secticn l:event.ea1 (17), ~ ttanl East to it.. N::rllEast carre!' Fift;y Three hurrlrEd errl Nina <br />(5,3J;l) feet; ttanl Sa.rt:h alaJg it.. East 1:lre fur ll.nlre:l 'Ihirl<Y ~ (1.38) feet; ttanl in a S::ut:lu1Bterly <br />directlm to a p:lint in it.. \oest 1:lre 1Jrl.cl:llles 'J.'l.elve Iin:lred errl Three (1,2J3) feet Sa.rt:h of tl1e p1Bce of <br />l:egimil:g; ttanl N:rlh 'J.'l.elve Iin:lred errl Three (1,2J3) feet to S9id p1Bce of l::egiming, cxntaining ere <br />Il.nlre:i errl a Fl:acti.aal Acres, All in fecrtim Sevmteel (17), Ta.mIlp Nina (9) NJrlh, R!ll:ge 'J.'l.elve (12) <br />\oest of tl1e 6th P.M., Hill. <hlrrtjy, llalraslla, <br />2. The undersigned acknowledge that while the Mortgage <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 /> <br />PAGE 1 of 2 <br />