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~~b)L\ D 3 () 10 n ;-...;> ~ It~ ("") UI ~ ~ ~ :s m :L ~~ 0 ---l .,., 'Jr, ~ a..~ ~ C m en c:: J> n :J: r, , = Z ---l _:5 ::x;: n z " :;n ~ '\. = --t rn n 0 rTl , ~,- --l I\.) t-I...oG~ :;: Ri -< 0 CSl )> ~ <;') .. ;;..-~ c) -n (Sl III ~ rJ n CI) o<.:.~ c.n " -..J ~~~~ '" :c -" :;::; CSl Y1 C"J '0- :x: [II Q:) rn \\ \..:, -0 rc~ OJ '" Q.. 'l( rrl ~. ::3 r :;D I\.) ~ ~ \J) '=' r. r J:.-.. --" v' <.n -€ C) t- I--' ;:::><; '1\ ~ ):> 6' U1 .................. ~ ~ -.J (1'1 <.n ~ --.-- ~ ACKNOWLEDGMENT OF lJNDERSTANDING, WAIVER AND DISCLAIMER OF HOMESTEAD AND FARMSTEAD REDEMPTION RIGHTS ,;{. 5. So The undersigned, as Trustor (Borrower) in a certain Trust Deed to be executed hereafter in which Wesley D. Nespor, attorney, is Trustee and The City of Grand Island, Nebraska is Beneficiary, which Trust Deed is to secure payment of (x ) a loan or ( ) purchase money due Beneficiary, and in consideration of such extension oferedit, each of the undersigned Trustor(s) acknowledge: 1. I understand that as Trustor I may have a right to claim this property as homestead. I hereby waive and disclaim any and all rights available to retain any homestead rights in the property described in the Deed of Trust to be executed hereafter in the event of default in payment of sums secured by the Deed of Trust. This waiver and disclaimer includes waiver of any right to at some time in the future designate a homestead interest in any of the real estate described in the Deed of Trust. This waiver is my voluntary act and deed, and is intended as a written, knowing and voluntary waiver of all homestead rights and a disclaimer of any right to defer selection or designation of homestead rights as allowed by the Nebraska Farm Homestead Protection Act. 2. I aftinnatively state that: (x) A. Disclaimer of right to make a designation of homestead. No part of my homestead is presently or in the future will be situated upon the real estate described in the Trust Deed that I am about to sign. I understand that if I establish a homestead on any part of the real estate during the time the Trust Deed remains unsatisficd and a lien upon the real estate, there shall be no right to make a designation of homestead in the event of a foreclosure or trustee's sale upon the Trust Deed. (x) B. Waiver ofright to make a designation of homestead. I understand that I have a right to make a designation of homestead in the Trust Deed and the execution of this Acknowledgment constitutes a waiver of any and all rights otherwise available for the purpose of aft(Jrding me the opportunity to retain my homestead in the event of a default upon this Trust Deed. 3. I further acknowledge that I have read the foregoing and have signed this document prior to the execution of any Trust Deed. I intend that it be tiled as a preface to the Ueed of Trust in favor of the above Beneficiary to be executed herealler, and filed together with the deed of Trust in the Mortgage Records of the County Clerk/Register of Deeds. The real estate secured by this Trust Deed is described as follows: Lot Seven (7), Platte Valley Industrial Park Third Subdivision, Hall County, Nebraska. m~1~. Grand Island Area Economic 0 elopment Corporation, Borrower By MarIan Ferguson, President STATE OF NEBR^SK^; COUNTY OF HALL: The foregoing instrument was acknowledged before me by MarIan Ferguson, President of Grand Island Area Economic Development Co,!,"m!;"". ~ h;, .0100t., ~t,od deed 00 b,b,1f of~;d 'mpm";oo 00 o~ '-I0~~ Notary Public GENERAL NOTARY. 6tatlI << Nebra8ka LORRAINE DENISE McGOVERN Comm. . Mly 31. 2011 ~I -.JG;" ~I ~