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ACKNOWLEDGEMENT <br />The undersigned Trustors hereby acknowledge and understand <br />that (a) the security document below to�be executed is a Trust <br />Deed and not a mortgage, (b) the power of sale provided for in <br />the Trust Deed provides substantially different rights and <br />obligations to the Trustors than a mo- =:gage in the event of a <br />default or breach of obligation. The Trustors further represent <br />and agree that this certification has been read and executed in <br />connection with, but prior to, the Trustors' execution of the <br />following Trust Deed. <br />!1 DATED _ %/� > , 1989.' J <br />Dennis R. Crowell Ph,}lis L. Crowell <br />L/ <br />STATE OF NEBRASKA <br />) SS. <br />COUNTY OF __P/_NL_L__ ) <br />The foregoing was acknowledged before me on the `!C day of <br />�1 �� 1 �_!______7 1989, by Dennis R. Crowell and Phylis L. <br />Crowell, husband and wife, to be their voluntary act and dbed. <br />6ENEAAt IOiARNSbh a kkaU ( <br />ROSEMARY BRU� MMUND \ (= j <br />MYQxEgLUmA2t1991 ���J"�2C � %�� 2?'r!i22!L±^_c.(. <br />Notary Publ. c <br />TRUST DEED <br />THIS DEED OF TRUST is made on l� I _r_L_2 , 1989. The <br />Trusters are DENNIS R. CROWELL and PHYLIS L. C:ROWELL, Husband and <br />Wife, (Borrowers "). The Trustee is John R. Brownell ( "Trustee ") . <br />The beneficiaries are DARREL D. DUBBS and NCNA M. DUBBS, whose <br />address is Route 2 Box 193 Wood River. Nebracka <br />( ";_enders "). Borrowers owe Lenders the principal sum of Twenty - <br />four Thousand Dollars (U.S. $24,000.00). This debt is evidenced <br />by Borrowers' note dated the same date as this Security <br />Instrument ( "Note "), which provides for yearly payments, with the <br />full debt, if not paid earlier, due and payable on May 15, 1995. <br />The Security Instrument secures to Lender: (a) the repayment of <br />the debt evidenced by the Note, with interest, and all renewals, <br />Extensions and modifications; (b) the payment of all other sums, <br />with interest, advanced under paragraph 7 to protect the security <br />Df this Security Instrument; and (c) the performance of <br />Borrowers' covenants and agreements. For this purpose, Borrowers <br />irrevocably grant and convey to Trustee, in trust, with power of <br />sale, the following described property located in Hall County, <br />Nebraska: <br />