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<br /> 98 1��05
<br /> ACKNOWLEDGMENT OF DEED OF TRUST AS SECURITY INSTRUMENT
<br /> we, Jerry D. Petermann and Debra K. Petermann , Husband and Wife. As .Toint Tenants C
<br /> =:�'�5�v
<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 9th day of Apl'll , 19 8 �
<br /> r�USto� T��Sto� r D. P er ann
<br /> T��a�o� Trustor Debra K. Petermann
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST ("Security Instrument") is made on April 9th , 1998
<br /> Tne trustor �s Jerry D. Petermann and Debra K. Petermann , Husband and Wife. As Joint Tenants
<br /> ("Borrower"). �
<br /> The 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 , wnicn is organized and existing
<br /> under cne iaws ot The United States of America , and whose address is 304 West Third Street
<br /> Grand Island. NE 68801 �°Lender"�.
<br /> Borrower owes Lender the principal sum of FOrty Tw0 ThouSerld Eiqht Hundl'ed end OOh00
<br /> Dollars (U.S.$ 42,800.00 ). 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 /> earlier, due and payable on M8V 1, 2013 j
<br /> This Security Instrument secures to Lender: (a) repayment of the debt evidenced by the Note, with interest, and all renewals, i
<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 Fifteen (15), Biock Two (2), in Bel Air Addition to the city of Grand Island, Hall County,
<br /> Nebraska
<br /> which has the Bddress of 1 S1 Z ICII@WOOCI Lfl., , Grand Islan
<br /> Nebraska 68803 ("Property Address"); straat cit
<br /> Zip Code 1�L��
<br /> Form 3028 9/90 NEBRASKA Single Family FNMA/FHLMC UNIFORM INSTRUMENT
<br /> F1318.LMo (1/B7) Page 1 of 5
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