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<br />FORM 5011 (3-2007) V
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<br />RETURN TO Farm Credit Services of America, PO Box 5080 Alcorn, Echo A
<br />PREPARER: Grand Island, NE 68802 (308) 384-0557
<br />HOMESTEAD DESIGNATION WAIVER
<br />
<br />In accordance with the provisions of the Nebraska Farm Homestead Protection Act, Neb. Rev. Stat.
<br />Sections 76-1901, et. seq., as a preface to the execution, and as a part of the following Trust Deed, the
<br />undersigned Trustor(s) being first duly sworn, elects to Waive the Right to Designate a Homestead.
<br />
<br />l!We understand that I/we have the right to make a designation of homestead in the following Trust
<br />Deed. The execution of this Waiver constitutes a waiver of rights otherwise available to me/us for the
<br />purpose of affording me/us the opportunity to retain my/our homestead in the event of a default upon
<br />the Trust Deed.
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<br />Farm Credit Services of America
<br />
<br />TRUST DEED AND ASSIGNMENT OF RENTS
<br />
<br />Trustor(s):
<br />Randy E Schimmer, AiKJA Randy Schimmer and Brenda J Schimmer, husband and wife
<br />
<br />Mailing Address:
<br />2401 E Schimmer Dr
<br />Grand Island, NE 68801-9518
<br />
<br />This Trust Deed and Assignment of Rents is made January 23. 2008, by and among the above named
<br />Trustor(s) and AgriBank, FCB, "Trustee," whosemailingaddressisPOBox64949.St. Paul, Minnesota
<br />55164-0940, and Farm Credit Services of America. FLCA, "Beneficiary," whose mailing address is PO
<br />Box 2409, Omaha, NE 68103, in consideration of the advance by Beneficiary of the principal sum
<br />specified below, the receipt of which is hereby acknowledged, Trustor(s) irrevocably transfers, conveys
<br />and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of
<br />Beneficiary, its successors and assigns, under and subject to the terms and conditions of this
<br />Trust Deed, the property, located in Hall County(ies), State of Nebraska, and described as follows:
<br />
<br />Parcel 1:
<br />Lots One (1) and Two (2); and the Southeast Quarter of the Northwest Quarter (SE 1/4 NW 1/4) and
<br />the Northwest Quarter of the Northwest Quarter (NW 1/4 NW 1/4) all in Section Two (2) in Township
<br />Ten (10) North, Range Nine (9) West of the 6th P.M., in Hall County, Nebraska; and a strip of ground in
<br />the same section described as follows: Commencing at the Northeast Corner of the Southwest Quarter
<br />of the Northwest Quarter (SW 1/4 NW 1/4) of said Section Two (2) in Township Ten (10) North, Range
<br />Nine (9) West of the 6th P.M., and running thence West on the North line of said Southwest Quarter of
<br />the Northwest Quarter (SW 1/4 NW 1/4) Sixteen (16) feet; thence in a Southeasterly direction to the
<br />Southeast Corner of said Southwest Quarter of the Northwest Quarter (SW 1/4 NW 1/4); thence North
<br />to the place of beginning and excepting the South Eight (8) Feet of the West Seventy-Nine (79) Rods of
<br />the Northwest Quarter of the Northwest Quarter (NW 1/4 NW 1/4) of said Section Two (2) deeded to
<br />John Falldorf by Deed recorded in Book 55, of Deeds at Page 1 of the Deed records of Hall County,
<br />Nebraska.
<br />
<br />Parcel 2:
<br />A tract of land located in the Southeast Quarter of the Northwest Quarter (SE 1/4 NW 1/4) of Section
<br />Two (2), Township Ten (10) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska, and
<br />connecting Sixteen (16) foot wide access easement, being more partiuclarly described as follows:
<br />
<br />With reference to the Northwest corner of said SE 1/4 of the NW 1/4; thence S89055'42"E a distance of
<br />367.77 feet along the North line of said SE 1/4 of the NE 1/4 to the point of beginning; thence
<br />continuing along aforesaid line a distance of 593.39 feet to a point; thence S31 006'1 O"W a distance of
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<br />22055
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<br />Legal Doc. Date: January 23, 2008
<br />Page 1
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<br />App# 127361; CIF#: 163183; Note#: 201
<br />FORM 5011, Trust Deed and Assignment of Rents
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