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85- 00599 ,
<br />A OF UNDERSTANDING OF TRUST DEED WIM POWER OF SAi.E
<br />(Executed pursuant to Neb. Rev. Stat. 76 -1005, 1984 Supp)
<br />The undersigned hereby acknowledges that they have read the following
<br />document entitled "Nebraska Deed of Trust" in which they are executing as
<br />Trustor and in which the Sherman County Bank, a Nebraska Corporation, is
<br />Beneficiary, that they understand that the following document is a Trust
<br />Deed and not a Mortaaae.
<br />That they further understand that the power of sale provided for in
<br />Further, the undersigned acknowledges that they have bad an
<br />opportunity to read the proposed Deed of Trust with power of sale, but are
<br />signing this acknowledgment first, before they were asked to sign the Deed
<br />of Trust.
<br />Edwin C. Sittler
<br />Janice K. Sittler
<br />STATE OF NEBRASKA )
<br />) SS.
<br />COUNTY OF b i j )
<br />Before me, a Notary Public in and for said county, personally appeared
<br />Edwin C. Sittler and Janice K. Sittler, husband and wife, who stated that
<br />they have read the foregoing acknowledgement, and the Trust Deed to which
<br />it pertains, that they understand the contents contained therein, and that
<br />the execution of the foregoing acknowledgement is their voluntary act and
<br />deed.
<br />E A EtlzP.rl.I;(T!:'iY - i;.!Crt>, °n-aska zi
<br />NOTARY � PUBLIC
<br />NEBRASKA DEED OF TRUST
<br />THIS DEED OF TRUST, is made this 2nd day of December , 1985, by and
<br />among Edwin C. Sittler and Janice K. Sittler, husband and wife, Trustor,
<br />whose mailing address is Grand Island, Nebraska; The Sherman County Bank, a
<br />Nebraska Corporation, Trustee, whose mailing address is Loup City,
<br />Nebraska; and the Sherman County Bank, a Neuraska Corporation, Beneficiary,
<br />whose mailing address is Loup City, Nebraska.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and
<br />security of Beneficiary, under and subject to the terms of this Trust Deed,
<br />the real estate located in Hall County, Nebraska, described as follows:
<br />Lots One Hundred Sixty -seven (167) and One Hundred
<br />Sixty -eight (168) in West Lawn, an addition to the City
<br />of Grand Island, Hall County, Nebraska.
<br />TOGETHER WITH all rents, profits, royalties, income and other benefits
<br />derived from the Property (collectively the "rents "), all leases or
<br />subleases covering the Property or any portion thereof now or hereafter
<br />existing or entered into, and all right, title and interest of Trustor
<br />L thereunder, all right, title and interest of Trustor in and to any greater
<br />estate In the Property owned or hereafter acquired, all interests, estate
<br />or other claims, both in law and in equity, which Trustor now has or may
<br />hereafter acquire in the Property, all easements, rights -of -way, tenements,
<br />hereditaments and appurtenances thereof and thereto, all water, rights, all
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