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. aa � � � � r� � � f1 C1 - �, � � o�o o -�-i rn � T 7. r•�. c n � rri t,•s .�„ .� C�� -- � �� � � � - , c r� � { --+ m �°—a � C y \.:� rw� � � ' 3, � . . �\ e:� -Ti ti 4 `� �,�� "'' -n �. F—� '.-�i� (k� � � � \ �� r•i ..j 7 \{'O,� � � t r.� O � � 't r"y t �` f S —� � i � . � 4�*\J �� _� l, G� 'lC F� � � �� D ~ � ._..�. � � N � � .-�- 9$-1(�411�3 - �' � � ACKNOWLEDGMENT, OF DEED OF TRUST AS SECURITY INSTRUMENT we, Marlin L. Sevler and Kav Lvnn Seyler Husband and Wife As Joint Tenants � ��Z� ,("Trustor") under the following Deed of Trust to be entered into among Trustors, National Bank of Commerce Trust and Savinqs Association, 13th and "O" SVeet Lincoin NE 68508 ,("Trustee"), and The Overland National Bank of Grand Island ("Beneficiary") covering the property described below hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and ob�igations to the Trustor than a mortgage in the event of default or breach of obligation. Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 1St day of M8V , 1998 Trustor Tru tor arlin �/� 1' : Trustor T�� t�� K �y Seyler : DEED OF TRUST THIS DEED OF TRUST ("Security InstrumenY') is made on M8V 1St , 1998 Tne truscor �s Marlin L. Sevler and Kav Lynn Seyler Flusband and Wife As Joint Tenants ("Borrower"). : rne truscee is National Bank of Commerce Trust and Savinqs Association 13th and "O" Street LinCOln, NE 68508 (^Trustee"). The beneficiary is The Overland National Bank of Grand Isiand , which is organized and existing under tne iaws of The United States of America , and wnose address is 304 West Third Street Grand Island. NE 68801 �°Lender"). , Borrower owes Lender the principal sum of Tw0 Hundred TwentV Three'ThOUSend 8nd 00/100 Dollars (U.S.$ 223,000.00 ). 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 Seventeen (17 in Block One (1), Ponderosa Lake Estates Third Subdivision, in the City of Grand Island, Hall �ounty, Nebraska wnicn nas cne address ot 208 Ponderosa Dr.. , Grand Island Nebraska 68803 ("Property Address"); st'Be� c� Zip Code Form 3028 B/90 NEBRASKA Single Family FNMA/FHLMC UNIFORM INSTRUMENT _ F1318.LM0 (1/97) Page 1 of 5 , - . 98077