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• ACKNOWLEDGEMENT OF DEED OF TRUST - �:
<br /> TRUSTOR READ THIS BEFORE SIGNING: ��� ��f�(j�S
<br /> Trustor understands that the document that Trustor is about to execute is a Deed of Trust and not a mortgage and that the power
<br /> of sale provided tor in the Deed of Trust provides substantially different rights and obligations to Trustor than a mortgage in the event
<br /> of a default or breach of obligation under the Deed of Trust,including,but not limited to,the Lender's right to have the Pr perty sold
<br /> by the Trustee without any judicial proceeding. Trustor represents and warran that t ' c ledgement was ecuted by
<br /> Trustor before the execution of the Deed of Trust.
<br /> Bradley N. Gang�,i��
<br /> Trustor
<br /> PREFACE TO AGRICULTURAL DEED OF TRUST
<br /> COMPLETE this portion ONLY if the real property described
<br /> consists of INDIVIDUALLY OWNED AGRICU�TURAL 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 foliowing Deed of Trust upon the Property.Trustor,and each of them
<br /> if more than one,hereby disclaims Trustor's right to designate a homestead on said real estate. No part of Trustor's homestead is
<br /> presently or will in the future be situated upon said real estate.Trustor understands that if Trustor establishes a homestead on any :
<br /> part of said real estate during the time the Deed of Trust remains unsatisfied and a lien upon said real estate,there shall be no right to
<br /> make a designation of homestead in the event of a foreclosure or trustee's sale with respect to said Deed of Trust.
<br /> � 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
<br /> if more than one,hereby waives Trustor's right to designate a homestead on said real estate.Trustor understands that Trustor has
<br /> right to make a designation of homestead and that by executing this waiver, Trustor is waiving rights otherwise available for the
<br /> purpose of affording them the opportunity to retain Trustor's homestead in the event of a default upon the Deed of Trust.
<br /> ❑ C. DESIGNATION OF HOMESTEAD:
<br /> Pursuant to the Farm Homestead Protection Act(Section 76-1901 et seq. Revised Statutes f the State of Nebr ka),Trustor
<br /> hereby designates the real estate described in the"Designation of Homeste d" attache er o nd incorporated rein by this
<br /> reference.
<br /> Bradley N. GangwTi�2or
<br /> Trustor
<br /> AGRICULTURAL DEED OF TRUST WITH FUTURE ADVANCES
<br /> THIS DEED OF TRUST, is made as of the 2 8 th day of January , 199 8 by and among
<br /> theTrustor, Bradlev N. Ganawish
<br /> �
<br /> whose mailing address is _ P•O. Box 2 6 7 She l t nn NF 6 8 8 7 6 (herein "Trustor", whether one or more),
<br /> the Trustee, First State Bank
<br /> whose mailing address is P•O. Box 6 3 9 She 1 on NE 6 8 8 7 6-0 6"� (herein "Trustee"), and
<br /> the Beneficiary, First State Bank
<br /> whose mailing address is _ P.O. Box 6�9 Sh 1 t�n NF 6 8 R 7 Fi (l F,'�9 (herein "Lender"). :
<br /> FOR VALUABIE CONSIDERATION, including Lender's extension of credit identified herein to
<br /> Bradley N. Ganqwish (herein "Borrower," whether one or more)and the trust herein created,
<br /> the receipt of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN
<br /> TRUST,WITH POWER OF SALE,for the benefit and securiry of Lender,under and subject to the terms and conditions hereinafter set
<br /> forth,the real property, described as follows:
<br /> The North Half of the Southv�est Quartcr of the Southwest Quarter
<br /> (N1/2 SW 1/4 SW1/4 ) of Section Twenty ( 20 ) , Township Nine ( 9 ) North,
<br /> range Twelve ( 12 ) , West of the 6th P.M. in Hall County, Nebraska.
<br /> Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurte-
<br /> nances located thereon or in anywise pertaining thereto,and the rents,issues and profits,reversions and remainders thereof,and
<br /> such personal property that is attached to the improvements so as to constitute a fixture, including,but not limited to,heating and
<br /> cooling equipment;and together with the homestead or marital interests,if any,which interests are hereby released and waived;ail
<br /> of which,including replacements and additions thereto,is hereby declared to be a part of the real estate secured by the lien of this
<br /> Deed of Trust and all of the foregoing being referred to herein as the"Property". :
<br /> This Deed of Trust shall secure(a)the payment of the principal sum and interest evidenced by a promissory note or credit
<br /> agreement dated J anuary 2 8 , 19 9 8 , having a maturity date of 12/31/0 0
<br /> �
<br /> in the original principal amount of$-_ 31 . 350.00 ,and any and all modifications, extensions and renewals
<br /> thereof or thereto and any and all future advances and readvances to Borrower (or any of them if more than one) hereunder
<br /> pursuant to one or more promissory notes or credit agreements(herein called"Note");(b)the payment oi other sums advanced by
<br /> NBC 3467(Aprieuhural Desd)Rsv.10/88
<br /> �1988 National Bank ot Commsrce Trua and Savinps Aaxietion.Lineoln,NeMaska ..
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