98103407 - Laserfiche WebLink

Browse

w �D � a � ` �i x � c —�+ � � ^v ^ � � —�i tfl� n � � � � � � �� � ; C� �' -� e� � � � . +� t-y es� �+ � cz � , s' _C -� � � cy . . ,-y �� cn .s � � �.. � Q � ss .�" � � � v � � -� � �;, cr+ � s= � � �` � � �.:,�„ O � � � �. � � t� Q � ACKNOWLEDGMENT OF DEED OF TRUST AS SECURITY INSTRUMENT �-� we, Garv Z. Hiqke and Pamela S. Hipke . Husband and Wife as Joint Tenants � S C) ._ : ,("Trustor") under the following Deed of Trust to be entered into among Trustors, Nationai Bank of Commerce Trust and Savinqs Association, 13th and "O" Street. Lincoln NE 68508 ,("Trustee"), and The Overland National Bank of Grand Island ("Beneficiary") covering the property described below hereby acknowledge that it is understood that (a) the Deed of Trust to be 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 substantially different rights and obligations to the Trustor than a mortgage in the event of defauft or breach of obligation. Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 9th day of A fll , 1998 Truetor Trustor �`� k , P �i r�°St°� T��St�� pamela S. Hipke : DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on April 9th , 1998 7ne trustor is GarV Z. Hiqke and Pamela S. Hipke Husband and Wife as Joint Tenants ("Borrower"). The trustee is National Bank of Commerce Trust and Savinqs Association 13th and "O" Street LinCOln, NE 68508 ("Trustee"). The beneficiary is The Overland Nationai Bank of Grand Island , wn�cn is organized and existing under cne iaws or The United States of America , and whose address is 304 West Third Street Grand Island. NE 68801 �^Lender"�. : Borrower owes Lender the principal sum of NlrletV Flve ThOUSand and 00/100 Dollars (U.S.$ 95,000.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on M8V 1, 2028 This Security Instrument secures to Lender. (a) repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in H811 County, Nebraska: Lot Four (4) Westwood Park Third Subdivision, in the City of Grand Island, Hall County, Nebraska wnicn nas tne address of 4128 Norwood Dr.. , Grand Island, Nebraska 68803 ("Property Address"); sve°t aty ZIp Code � � Form 3028 9/90 NEBRASKA Single Family FNMA/FHLMC UNIFORM INSTRUMENT F1318.LMO (1/97) Page 1 of 5 _ 97193