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<br /> � /A�6CN0`bLEDGMENT OF DEED OF TRUST AS SECURIT'Y INSYFi9J�ENT —
<br /> � We.Erik M. Nlelsen and Lisa R. Nlelsen . Hu_s_bated and Wifsy Ae Jolnt TenanRe C�„�
<br /> � '-'- ! •Trustor ��
<br /> under the fokowing Qeed al Trust to be entcied I�to among Trustor�.Arend R. Baack Q.:`�araov at Law. P.10. Box �`
<br /> 790 �rand Isl�rtd. N�brsska 68802
<br /> .('Tn�nt�e'), --
<br /> and'The Overland Natlonal Bank af�rand Island
<br /> ('Beneficlary')cover(ng the properly described 6eiow hereby acknowiedge that It is understood that(e)tho Dood a}TN3t to bo
<br /> executed by Tiustor Is a trust deed and not a mortguge and(b)the power of sele providoJ for in tha Doad ot Tncui provtdes
<br /> substantially diHerent rights end obUgations to the Trustor than a mortga�e in the event o1 detauit or brctach of abllpution.
<br /> TNStor acknowledges that this Acknowladgmant was made pr(or to the execulion of the Qeed ot Truat.
<br /> Facecuted end dellverediNis 13th day oi Septemb8r , 1996
<br /> �
<br /> rrosco. T' rl c M. le Il .
<br /> ' tu �i��.�
<br /> rrustor -� rrustor �J ii, NiQI¢8� � ,
<br /> — _ -
<br /> ---� DEED OF TRUST
<br /> THIS DEED OF TRUST("�ecuriry Instrument')Is made on S�se tumb,g,r 13th , 1996 .
<br /> Tne trustor Is Erik M. Nla��qn and Li�a R Nielson LHashartd and WFfo As Jo1nR Tenants
<br /> ('Borrower').
<br /> The tmstee Is �0� d fi Baack Attarnev at Law P O Bnx 7g4 �rar�d IslurttA Nobrpslca 68802
<br /> � ("tmotee').Tho beneflctary Is
<br /> �e Overland Natlona! 8ank af Grand Islend .whlah ta organized and ex►sUng
<br /> under the laws af The Un afl tates o America , ond wh�se addmao Is�304 Ws9t Thl►d St�eOt
<br /> (�lrand Island NE 88801 (`Lender•).
<br /> Botrawer owes Lender the prindpai sum ot eten4v Five Thoueand �IvY undrad 5txtv 61ve and 41 100
<br /> Dollars(U.S.S 25.565.41 l. TEila debt Is �tvider►ced by Borrower s note
<br /> dated the seme date as�Is SeCUriry Instrument ('Note'), which provides tor monthq� hnymanta, wHh the tuil dobt, It not pald
<br /> eadler,due end payable on Sop3�mber 13, 1999 .
<br /> This Secwiiy Instrument aecures to Lender: (a) repayment of the debt evidenced by tiio Afoto, wlth interest, end aN renewais,
<br /> extensions and modiflcalions of the Woto; (h) the payment o1 ali other sums, with intnrost, advanced under puntgraph 7 to
<br /> protect tho security ot tWs Security lnstrumonl: and (a) the pertortnanae of BoROwer's covenanta und agraemente. For this
<br /> purpose, BorrowEr Irrevocebly grants and conveys to Trustee, In trust, with powrx of sale, the tollowing da3crfbad prope�ty
<br /> lacated in Hell County, Nebraska:
<br /> 6.rot Six (6), Block Three�3), l.ake Davts Acres Subdfvtslon, Hall C��itGy, Nobraoka.
<br />�
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<br /> which has the address ot 4619 East Htsmark Rd. , Gra�d Island ,
<br /> Nebrasko 688U1 ('Property Addross'); "c nr� -
<br /> �-'7p-co�-- — �
<br /> Fmm 30:8 9/90 NEORl�SK1l Singte F�R.iy FNMA/FHLMC UNiFCRM IN5TRUMEN7 -
<br /> Ft376.LMG(JryGI aag�1 ot S _ -
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