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S We understand and that In Ms event d default dr breach d ddlllgaiart by wk the d Trust aMOwrt the EoreNksiary Ma hew property the treatae wltttmlt any ludlofef pFeaMdirl� dr foreclosure, A Mfa' represent and weuraM the! this wkflMWOdpmaM was wvrtlten and executed by w be4of® the execution d the Trued Deed understand and acknowledge that we Ills right to make a deMgnatlon d homesteadd In the Deed' of Trust and we hereby waive such dam 0. For so kfrp ea the Deed d Trull remains anus and a Ilan upon the real estate, each d us waives any right under the Nebraska Farm Homestead Protection Act to make a designation d sad 7. We understand and acknowledge that our execution d M Written Ack meet constitutes the waiver d rights otherwise ava1N ate for puwPOes d affording us the opportunity to retain our In even) d a default upon the Deed d Trust Tttb Written Acknowledgment h s preface to and Is IHed for record wit Is a part d the attached Dead d Trust TRUSTOR TRUSTOR TRUSTOR STATE OF NEBRASKA) COUNTY OF l-' The ft" Written Acknowledgment was subscribed and sworn to and arknow ►edged before me on 1 g 87 by Haut J. Farnhaa and Sally L. Farnham, husband and wife, Notary Public TRUSTOWS DISCLAIMER AND ACKNOWLEDGMENT The wkdsrsign ed represent and warrant es true each of the following statements with regard to the attached Deed of Trust: t. We acknowledge Mat we did read, sign and execute this Disclaimer and Acknowledgment before we signed the Deed of Trust 2. We urdmNrkd and acknowledge that the Deed of Trust is a trust deed and not a mortgage and that the power of esla provided for In the Deed of Tent providee substantially different rights and obligations to us than a mortgage In the event of a default or breach of obligation. 3. We wutNtstand and acknowledge that In the event of a default or breach of obligation by u4 the Deed of Trust allows the Beneficiary the right to have is trust property add by the trustee without any judicial proceeding or foreclosure. 4. No pat of our homestead Is presently or In the future will be situated upon the real estate described in the Deed of Trust S. NN understand Uned If any of us eataWlsfr a homestead on part of the real estate during the time the Deed of Trust remains unsatisfied arc a oak upon tea real s tat, there tai be no right to crake a designation of homestead in the event of a foreclosure or trustee's sale upon tie Dead of Try, a FtK so long as is Dead of Trust remains unsatisfied and a lien upon. the real estate, each of us disclaims any right under the Nebraska Farm Honestsed lion Act to male a dealgristion of homestead This disclaimer and acknowledgment N a preface to and Is iced for record with and as a part of the attached Deed of Trust ft au gm rt" T. Farnham TRUSTOR Sally L. Farnham TRUSTOR TRUSTOR ATIt CIF } se 'Ty OF „ _ i TRUSTOR