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<br />_ -, �°:�_�, �l, �►GiCNOW��G�Efi67' �� DEED O� 'i'F�tlS�' A� SECIlRIN INSTRLiME{dT . . � `.` •�
<br /> � , We.Galen LambrecM and Harrte! Lambrech! Hus6and and Mlife as JoiM Tenaats �� � -,- _
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<br /> . .(`Trustor) \
<br /> , � under the tottaw(ng Oec�al Tnut to be entered fito amang Trustors,Arend R. Baack. AtRomev at Law P- O. Bou -�. =:
<br /> ' ,. 790 arand Island Ne�sraska 68802 --
<br /> , � . .. - ('Tnrstee•). . . -
<br /> 'f::� :� .•. �` and The Ovedand Natio�al�ank o#�rand tsland . . . ,-
<br /> (•BertefJdary")coveAng tho pTapert�/des�ibed betow hereby aciu�owledge that it is undeistood that(a)ihs Deed of 1'rus!to be
<br /> � , ` •� • - executed by Trustar Is a trust dexd and aot a martgage and(b)the power of sale provided tor in the Deed ot Tnist provides _
<br /> ;�',• �- substasitlaQy d�ferent rights acsd obitgatians to the Tnistor than a mortgage in tl�e event oi defauH or breach of o4qgadlon. -
<br /> =` ' . • . Trustor admowledges that this Admowledgment was maQe pdor to ihe acecutlon o!the Qeed of TmsL ` , .,� ' --
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<br /> 6ceated and ddivered this 29th day of Decemher 1997 4��r� ° ,� j
<br />.. �.. ..' . ��� , .rl• S � ���-
<br /> � � ' '_ � �� � Tw^tor r��� alen Lambrech4 ' � -�- -
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<br /> �..•,' ' ' � . Tnutor Trusto �9t � �? eC .,�; ��`-� �—. .
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<br /> '��� . ��ED OF Yf�UST � "�
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<br />�'�� . THIS OEED oF TRUST(°secusuy�nswmenY)fs made on December 29t8� t997 •.`,, , ,:..:__.
<br /> ,:,.:. � . . ��:.::..'.-_:.st-
<br /> . `• �� • . � The Wstor ts 02�fen Lambr¢cht and Hanlat LambrecM Husba�+d and Wite as Joint Tenants . ,;,�,y
<br /> . (•Borro�r'). ' •.�� '�, • - �;
<br /> � `:�� � Tha trus�ea is Arend W Baaek Attomev at Law P . Box 790.Grand Island. Nebraska 688d2 . • '°'-
<br /> � • ('Trustee').The beneflGary ts . ':�"=,
<br /> The Overland Nationaf Bank of rand tstand which ts organtzed and exlsUng �' ' - _
<br /> � '. under the taws of The UniQed St8les of Am�esica ,and whose address Is 304 Wesg Tftird S4►eet � • '``, ' «
<br /> a.�;'•'' . , . Qrand tsiand NE 68a01 ('�nder'). ' . . -
<br /> t. . ._ 8orrower owes Lender the prindpa�sum ot Twe Seven Ttt�usand and 00 100 :^�_—
<br /> � , OoUars(liS$27A�0.00 3. Thls debt is evfdenced by Borrower's note ,r .; .
<br /> , ,_ . ' • dated the same date as thts Se�a:riy tnsCument ('Note'),whtch provldes for�nonthly paymer►ts,with tha tull debt, N not pald , .rt „ �
<br /> � • � ear8er,due and payable on Januant t.2005 • ��� �. � ,. °'' •T=-�-
<br /> r� .. This Secudty InsUur„�nt secures to Lender. (a) repaymerrt of the debl evidenced by the Note,w(th Intssest, anQ afl renewats. "'� " .� ' _-_ _
<br /> � . ' � extensions and mod�icaUons ot the Note; (b� the payment of a0 other sums, wilh interest, advanced under parag►aph 7 to . - �:�---_
<br /> protect the securHy o1 this Security Instrument; and (a) the peAortnance ot 8ortowera eovenants and agreements. For this � .,,��.;,,., , . ,
<br /> � , , purpose, Borruwer irtevacabfy grants and conveys to Trustee, in trusK. with powar ot sele, the tollo�ving descr(bed property •
<br /> '�'+� tocated In F�all Counly.Nebraska: ; �• • � �
<br /> Lots One (1) and Two (2), Block Nine (9), Originat Town of Wood River, Hall County. Nebraska. . .' " . '. -
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<br /> �'�.i � which has theaddress o1 1112 E89t Stre91 . Wood RiVBi'
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<br /> Nebrnska 69883 ('Properly Address"): s'•'•"' ' c
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<br /> � � Fcrt:� du?d 9/AO hEb�tASMA Sn7`c F�m�ly FN!1A/GnLMC UNiF'OFPd iN3THUMENT � - -
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