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PREFACE TO AGRICULTURAL DEED OF TRUST ,.�I ->
<br />COMPLETE this portion ONLY if the real property described
<br />Consists of INDIVIDUALLY OWNED AGRICULTURAL LAND
<br />If applicable, complete ONLY ONE either A, B, or C.
<br />A. DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor is about to execute the following Deed of Trust upon the Property, Trustor, and each of them if more than
<br />one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homestead is presently or will in the future be
<br />situated upon said real estate. Trustor understands that if Trustor establishes a homestead on any part of said real estate during the time the Deed of
<br />Trust remains unsatisfied and a lien upon said real estate, there shall be no right to make a designation of homestead in the event of a foreclosure or
<br />trustee's sale with respect to said Deed of Trust.
<br />XR B.WAIVER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor is about to execute the following Deed of Trust upon the Property, Trustor, and each of them if more than
<br />one, hereby waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trustor has right to make a designation of
<br />homestead and that by executing this waiver, Trustor is waiving rights otherwise available for the purpose of affording them the opportunity to retain
<br />Trustor's homestead in the event of default upon this Deed of Trust.
<br />C.DESIGNATION OF HOMES
<br />Pursuant to the Farm Homestead Protection Act (Section 76 -1901 et seq. Revised statutes pf the State pf Nebraska), Trustor hereby designates
<br />the real estate descri ed in the "Designation of Ho ead" hereto and incorporated herein by this reference.
<br />for n � Trustor
<br />Trustor Trustor
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the
<br />31
<br />day of January , 20 0 5, by and among the
<br />Trustor Lynn Otto
<br />and Peggy
<br />Kahler as
<br />joint tenants
<br />whose mailing address is PO
<br />BOX 5 7 3
<br />Arapahoe,
<br />NE 68922 (herein "Trustor ", whether one or more).
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<br />PREFACE TO AGRICULTURAL DEED OF TRUST ,.�I ->
<br />COMPLETE this portion ONLY if the real property described
<br />Consists of INDIVIDUALLY OWNED AGRICULTURAL LAND
<br />If applicable, complete ONLY ONE either A, B, or C.
<br />A. DISCLAIMER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor is about to execute the following Deed of Trust upon the Property, Trustor, and each of them if more than
<br />one, hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homestead is presently or will in the future be
<br />situated upon said real estate. Trustor understands that if Trustor establishes a homestead on any part of said real estate during the time the Deed of
<br />Trust remains unsatisfied and a lien upon said real estate, there shall be no right to make a designation of homestead in the event of a foreclosure or
<br />trustee's sale with respect to said Deed of Trust.
<br />XR B.WAIVER OF RIGHT TO DESIGNATE HOMESTEAD:
<br />Trustor acknowledges that Trustor is about to execute the following Deed of Trust upon the Property, Trustor, and each of them if more than
<br />one, hereby waives Trustor's right to designate a homestead on said real estate. Trustor understands that Trustor has right to make a designation of
<br />homestead and that by executing this waiver, Trustor is waiving rights otherwise available for the purpose of affording them the opportunity to retain
<br />Trustor's homestead in the event of default upon this Deed of Trust.
<br />C.DESIGNATION OF HOMES
<br />Pursuant to the Farm Homestead Protection Act (Section 76 -1901 et seq. Revised statutes pf the State pf Nebraska), Trustor hereby designates
<br />the real estate descri ed in the "Designation of Ho ead" hereto and incorporated herein by this reference.
<br />for n � Trustor
<br />Trustor Trustor
<br />DEED OF TRUST WITH FUTURE ADVANCES
<br />THIS DEED OF TRUST, is made as of the
<br />31
<br />day of January , 20 0 5, by and among the
<br />Trustor Lynn Otto
<br />and Peggy
<br />Kahler as
<br />joint tenants
<br />whose mailing address is PO
<br />BOX 5 7 3
<br />Arapahoe,
<br />NE 68922 (herein "Trustor ", whether one or more).
<br />the Trustee First State Bank
<br />Whose mailing address is PO Box 10 Beaver City NE 68926 (herein "Trustee "), and
<br />the Beneficiary First State Bank
<br />whose mailing address is PO Box 10 Beaver City NE 68926 (herein "Lender ")
<br />FOR VALUABLE CONSIDERATION, including Lender's extension of credit identified herein to
<br />Lynn Otto and Peggy Kahler as joint tenants
<br />(herein `Borrower," whether one or more) and the Trust herein created, the receipt of which is hereby acknowledged, Trustor hereby
<br />irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST WITH POWER OF SALE, FOR THE BENEFIT AND
<br />SECURITY OF Lender, under and subject to the terms and conditions hereinafter set forth, the real property described as follows:
<br />The South Half of the Southeast Quarter (Sl /2SE1 /4) of Section Thirteen (13),
<br />Township Twelve (12) North, RAnge Eleven (11) West of the 6th PM, Hall
<br />County, Nebraska
<br />Together with all building, improvement, fixtures, streets, alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders thereof, and such
<br />personal property that is attached to the improvements so as to constitute a fixture, including, but not limited to, heating and cooling
<br />equipment; and together with the homestead or marital interest, if any, which interests are hereby released and waived; all of which,
<br />including replacements and additions thereto, is herein as the "Property"
<br />
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