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PREFACE TO MORI'uF}&IF, UNDER <br />FARM HOMESTEAD PROTECTION Ar" T 87--1 (j 3491 <br />k'ipi"x9QM AND DISCLAIMER <br />in accordance with the provisions of the Nebraska Farm <br />Homestead Protection Act, the undersigned, <br />James Schultz __ and ___ Donna Schultz _______ _ ___ <br />prior to exe,�ruting the attached Mortgage dated <br />_June _1��_________,19_87_ by and between the undersigned and <br />T.hA State D=k 2f Cairo, A Nebraska Banking Corporation <br />(hereinafter referred to as "Mortgage ") hereby state and <br />acknowledge, <br />DISCLAIMER <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 (hereinafter "Parcel 1 ") nor are there any <br />buildings sufficient to be designated as a homestead presently <br />located upon Parcel 1. <br />The West Half of the Southwest Quarter (W %SW!:,) <br />of Section 29, Township 12 North, Ragne 11, <br />West of the 6th F.ti., Hall County, NE <br />2. The undersigned acknowledge that while the Mortgage remains <br />unsatisfied and a lien on Parcel 1, they shall have no right <br />presently or in the future to make a designation of homestead on <br />Parcel 1, including without limitation, in the event of a <br />foreclosure under the Mortgage. <br />3. The undersigned acknowledge that if, contrary to this <br />Disclaimer, they establish a homestead on Parcel 1 during the <br />time the Mortgage remains unsatisfied and a lien upon Parcel 1, <br />they shall have no right to make a designation of homestead in <br />the event of a foreclosure under the Mortgage. <br />4. The undersigned state that this acknowledgement is their <br />knowing and voluntary act and deed and constitutes a written <br />disclaimer and acknowledgement under the Nebraska Farm Homestead <br />Protection Act and the undersigned do hereby disclaim any right <br />to designate a homestead in the event of default upon such <br />Mortgage or in the event of a foreclosure under the Mortgage. <br />5. The undersigned further understand and agree that this <br />acknowledgement and Disclaimer shall be filed as a Preface to and <br />become a part of the Mortgage. <br />Dated this %day of June, 1987. <br />a s u tz <br />Donna-Schultz — <br />STATE OF NEBRASKA ) SS. <br />County of Hall ) <br />The foregoing instrument was acknowledged before me this <br />�. -- by .7amp, Srhir)tz anrl_DOnnd__5r!?S�- Sze.- ..!?LLS12dnCL dL1L� 1Yif-- --- -_- <br />i 11 <br />o ary <br />4 <br />