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<br /> ACKNOWLEDGEMENT
<br /> The undersigned Trustors hereby acknowledge and understand ��
<br /> that (a) the security document below to be executed is a Trust Deed d
<br /> and not a mortgage, (b) the power of sale provided for in the Trust
<br /> Deed provides substantially different rights and obligations to the
<br /> Trustors than a mortgage in the event of a default or breach of
<br /> obligation. The Trustors further represent and agree that this
<br /> certification has been read and executed in connection with, but
<br /> prior to, the Trustors' execution of the following Trust Deed.
<br /> DATED this � day of ( ' , 1999 .
<br /> �'����� '�� � �
<br /> �
<br /> �/"
<br /> Robert ,�-�'Schultz istin L. chultz
<br /> STATE OF NEBRASKA )
<br /> ) SS .
<br /> COUNTY OF I1 )
<br /> The foregoing was acknowledged before me on the � day of
<br /> �� , 1999, by Robert J. Schultz and Kristin L. Schultz,
<br /> hus and and wife, to be their volunt act and deed.
<br /> " GENERAL NO7ARY State of Nebraew
<br /> DENISED.MYERS Notary Public
<br /> My Comm.E�.MoY.2O.2DQ2
<br /> TRUST DB�
<br /> THIS DEED OF TRUST is made on April �, 1999 . The Trustors
<br /> are Robert J. Schultz and Kristin L. Schultz, husband and wife,
<br /> ( "Borrower�� ) . The Trustee is Denise D. Myers, of the Law Firm of
<br /> Lauritsen, Brownell, Brostrom, Stehlik & Thayer, P.O. Box 400,
<br /> Grand Island, NE 68802, ( ��Trustee") . The beneficiaries are Ruby C.
<br /> Schultz, with a life estate and present income interest in the
<br /> property, and James A. Schultz, Catherine A. Garrett, Peggy L.
<br /> Pesek and Judy L. Lindell, with remainder interests, ("Lenders") .
<br /> Borrowers owe Lenders the principal sum of One Hundred Fifty
<br /> Thousand and 00/100 Dollars ($150, 000 . 00) . This debt is evidenced
<br /> by Borrowers' note dated the same date as this Security Instrument
<br /> ( "Note") , which provides for monthly payments, with the last
<br /> payment due on November 5, 2034, or six months from the date of
<br /> death of Ruby C. Schultz, whichever shall occur first . All
<br /> payments shall be made to Ruby C. Schultz, 302 S . Alexandria
<br /> Street, P.O. Box 88, Cairo, Nebraska 68824, unless Beneficiaries
<br /> notify the Borrowers otherwise in writing. The Deed of Trust
<br /> (sometimes referred to herein as '�security instrument") secures to
<br /> Lenders : (a) the repayment of the debt evidenced by the Note, with
<br /> interest, and all renewals, extensions and modifications; (b) the
<br /> payment of all other sums, with interest, advanced to protect the
<br /> security of 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:
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