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<br /> �, ACKNOWLEDGMENT OF DEED OF TRUST AS SECURITY INSTRUMENT �
<br /> � we, Larry G Wells and Karen E Wells Husband and Wife As Joint Tenants �
<br /> � �
<br /> � — �
<br /> ��� „�,.., , �:. � ,;�,,: ,("Trustor")
<br /> under the folbwin� Deed of Trust to bp entered hto arY�ori�j"'�ustdrs�" 1'�1 �i1'�I B�[IIC-Of G1'811d
<br /> laland, 304 West Third SVeet, Grand Island. NE 68801 _
<br /> _ .("TRlst98")�
<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 default 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 29th day of Api'll , 1 8
<br /> ..� w ��__._
<br /> T��s,o, Trustor rr Ils�,
<br /> a.�..,- �
<br /> T��sto� TfUe1of Karen E. Welis
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST ("Security Instrument") is made on Apt'il 29th , `' 1998
<br /> Tne tn,stor is Larry G Wells and Karen E Wells Husband and ite. As oint �enants
<br /> ("Borrower").
<br /> Tne crustee �s The Overland National Bank of Grand Island, 304 West Third SVeet, Grand Island, NE
<br /> 68801 ("Trustee"). The beneficiary is
<br /> The Overland National Bank of Grand Island , wnicn is organized and existing
<br /> under the laws of Th@ United States of America , and wnose address is 304 West Third Street
<br /> Grand Island NE 68801 ("�ender").
<br /> Borrower owes Lender the principal sum of Sixteen ThOUS1nd Eiclht Hund�ed S�xtV 8nd 00/100
<br /> Dollars (U.S.$ 16.860.00 ). 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, 2003
<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 Five (5), in Block Sixty-Seven (67), in Wheeler and Bennett's Second Addition to the City of
<br /> Grand Island, Hall County, Nebraska.
<br /> wnicn nas tne address of 405 East 14th St., , Grand Island,
<br /> Nebraska 68801 ("Property Address"); st`eet city
<br /> Zip Code � ` / 1,`
<br /> Form 3028 9/90 NEBRASKA Single Family FNMA/FHLMC UNIFORM INSTRUMENT �,( W �
<br /> F1316.LMG (1/97) Page 1 of 5 ��_
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