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<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
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