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88- 105315 ACKNOWLEDGEMENT The undersigned Trustors hereby acknowledge and understand that tal the security document below ~o be e~ecuted is a Trus~ Deed and not a mortgage. (b) ~he power of sale provided for in the Trus~ Deed provides substantially different rights and obligations to the Trustors ~han a mortgage in the event of a default or breach of obligation. The Trusters further represent and agree that this certification has been read and e~ecuted in connection with, but prior to, the Trustors' eMecution of the following Trust Deed. DATED ~ is CJ ~/hf, ~ Ervin M. Hostetler . 1988. 4/l0~ ~ Karen K. Hostetler TRUST DEED THIS TRUST DEED made this 30 day of ~ . 1988. between ERVIN M. HOSTETLER ~nd~N K~HpST LER. husband and wife, whose addre5s is !:Lt:- -I ~JyCJ ~AI~tn.J"ka. c;,.JP.!? ;;J cr .; Galen E. Stehli~. as Trustee; and THE STATE BANK OF CAIRO. whose address is !dC!. ~ L/'",;JJ> . Cairo. Nebraska 6BB24. as Beneficiaries. WITNESSETH: That Trustors convey, sell, and warrant to Trustee in trust, with power of sale, the following described real property: The Northeast Quarter of the Northeast Quarter (NE 1/4 NE 1/4) of Section Twenty Eight (28). Township Twelve (121. North. Range Eleven (Ill. West of the 6th P.M.. Hall County, Nebraska, .nd The Northwest Quarter of the Northeast Quarter (NW 1/4 NE 1/4) of Section Twenty Eight (28). Townsh.p Twelve (12). North. Range Eleven (11). West of the 6th P.M.. Hall County. Nebraska, The intention being to convey he~eby an absolute title in fee simple, togethe~ with all buildings, fi~tures. kmprovements, and appurtenances thereto belonging. The Trustors covenant and agree with the said Trustee and Beneficiaries that they a~e lawfully seised of said premises; that they have good, right, and lawful authority to sell and convey said premises; that said premises a~e free and clear of all liens and encumbrances; and that Trustors will warrant and defend the title to said premises unto the Trustee and his successors and assigns forever against the claims of all persons, FOR THE PURPOSE OF SECURING performance on each agreement of Tru5tors herein containe~ and the payment of Si~ty Two Thousand Four Hundred Twenty Seven Dollars and Thirty Five Cents ($62,427.35), as evidenced by a promis~~[Y note bearing even date at the rate of elev4'n"..p II~ percent (t.1BJ.) per annum unt i 1 paid; the principal sum and interest shall be paid pursuant to the promissory note9 ~ith a final payment due on the 1st day of ---- ~~~/Pr~. All payments shall be made at the office of the B.n.~iciarie. in Cairo, Nebraska, or at such other place as the holder mAY dRsignate in writ.ng. It is agreed by and between the parties hereto that while title i~ vested in the Tru.tee and until filing of Notice of D.~ault, th. Tru5tors ~ill;