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� � � co c� er� ., <br /> . � rt� cn pp c� --t <br /> : � � ��-1 (�(�l <br /> • "�: � � � � � ."�v � p� M�,"-"�i- <br /> F'i"1 Cry f;�� � `.,.a1 �3 � W cD <br /> r� � � � � i�--� O � � rn <br /> ' 7 y� —,� —`'E �, �"' p' <br /> � � ;�7 L �� -- C�'1 Q N <br /> � , \� � � � � <br /> fl � ' � � �,, G� N <br /> :7 '`�, �,,.s �'� GJ � <br /> ' n � p � � � <br /> o- � ...��._. �p <br /> r� � C✓? f� ar„p, <br /> ' �y ; <br /> � e ��� 98_ 1�3,395 � <br /> ACKNOWLEDGMENT OF DEED OF TRUST AS SECUI�ITY INSTRUMENT <br /> we, Hans- Peter Schlecht and Suzanne Marie Schlecht . Husband and Wife, As Joint Tenants � <br /> �. <br /> ��� <br /> ,("Trustor") - <br /> under the following Deed of Trust to be entered into among Trustors, National Bank of Commerce Trust and <br /> Savings Association, 13th and "O" Street, Lincoln, NE 68508 <br /> ,("Trustee"), <br /> and The Overland National Bank of Grand Island <br /> ("Beneficiary") covering the property described below hereby acknowledge that it is understood that (a) the Deed of Trust to be <br /> executed by Trustor is a trust deed and not a mortgage and (b) the power of sale provided for in the Deed of Trust provides <br /> substantially different rights and obligations to the Trustor than a mortgage in the event of defauft or breach of obligation. <br /> Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. <br /> Executed and delivered this 8th day of A ril , 1998 <br /> r��sto� T��s��� ns- Peter S lecht ` <br /> Trustor Trustor an e arie Schlecht <br /> DEED OF TRUST <br /> THIS DEED OF TRUST ("Security Instrument") is made on Apl'il 8th , 1998 <br /> The trustor is Hans- Peter Schlecht and Suzanne Marie Schlecht , Husband and Wife, As Joint <br /> Tenants ("Borrower"). <br /> Tne trustee is National Bank of Commerce Trust and Savinqs Association, 13th and "O" Street, <br /> Lincoln. NE 68508 ("Trustee"). The beneficiary is <br /> The Overland National Bank of Grand Island , wn�cn is organized and existing <br /> under cne iaws of The United States of America , and wnose address is 304 West Third Street <br /> Grand Island. NE 68801 �°Lender"�. <br /> sorrower owes �ender tne principai sum of One Hundred Thirtv Thousand Five Hundred Fiftv and 00/100 <br /> Dollars (U.S.$ 130,550.00 ). This debt is evidenced by Borrower's note <br /> dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid <br /> eariier, due and payabie on M8V 1, 2013 <br /> This Security Instrument secures to Lender: (a) repayment of the debt evidenced by the Note, with interest, and all renewals, <br /> extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to <br /> protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this <br /> purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property <br /> located in H811 County, Nebraska: <br /> Lot Six (6), in Block Four (4), in Replat of Riverside Acres, an Addition to the city of Grand : <br /> Island, Hall County, Nebraska. <br /> which has the address of 2611 ApaChe Rd. , Grand Island <br /> Nebraska 68801 ("Property Address"); st`e°t c��y <br /> Zip Code _s /].<� <br /> Form 3028 9/90 NEBRASKA Single Family FNMA/FHLMC UNIFORM INSTRUMENT /�—iJ/ <br /> F1316.LM�(1/97) Page 1 of 5 �,U � s <br /> 98014 ; <br />