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200204175 ACKNOWLEDGMENT OF DEED OF TRUST AS SECURITY INSTRUMENT We, Kevin L. Kreifels and Anita J. Kreifels. Husband and Wife ( "Trustor ") under the following Deed of Trust to be entered into among Trustors, Eric L. Preston. Attorney at Law, 5416 South Valdai Way,_ Aurora, Colorado 80015 ( "Trustee "), and Lafayette Finance. LLC. a South Dakota limited liability comp anv ( "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 default or breach of obligation. Trust. Trustor Trustor Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Executed and delivered this 17th day of April 2002. Trustor Trustor DEED OF TRUST THIS DEED OF TRUST ("Security Instrument ") is made on April 1 r— 2002. The Trustor is Kevin L. Kreifels and Anita J. Kreifels Husband and Wife ("Borrower"), The trustee is Eric L. Preston, 5416 South Valdai Way, Aurora, Colorado 80015 ( "Trustee "). The beneficiary is Lafayette Finance, LLC a South Dakota limited liabih companv, whose address is 1125 South 103EO Street, Suite 200, Omaha. Nebraska 68124 ( "Lender "). Borrower owes Lender the principal sum of SEVENTY -ONE THOUSAND FOUR HUNDRED FORTY -FIVE and SEVENTY -STX HUNDREDTHS Dollars (U.S. $71,445.76). 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 April 16, 2007. 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 Hall County, Nebraska: Lot Two Hundred Fifty-Six (256), and the South Five Feet (S5') of Lot Two Hundred Fifty-Seven (257), in West Lawn, in the City of Grand Island, Hall County, Nebraska. Which has the address of 1.3 15 N. Grand Island Ave.. Grand Island. Nebraska 68803 ( "Property Address "). TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property ". a, q-�