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<br /> ACKNOWLEDGMENT OF DEED OF TRUST AS SECURITV INSTRUMENT �
<br /> � we. Gary Z Hiake end Pamsla S Hjpke Husband and Wite.as Jolnt Tensnts �
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<br /> ' ' ,("Trusta") ��
<br /> � i under the folbwing Deed of Trust to be entered hto among Trustas, Arend R Beeck Attornev at Law. P. O. BOX �
<br /> 79A. G�and Island,Nebreska 68802 ._ .
<br /> � ,('Trustee").
<br /> a�a The Overlend National Bank of Cirand Istend
<br /> � f"Beneticiary")covering Ihe property described below hereby aCknowtedge thet it Is understood that faj the Deed of Trust to be
<br /> �� ezecuted by Trustor is e trust deed and not a mortgage and(b) tne power of sale provided for in the Deed of Trust provides —
<br /> ° substentially diHerent rights and obligatbns to the Trustor than a mortgage in the event of dofault or breeCh of obligstlon.
<br /> '. Trustor acknowlc3dges that this Acknowledgment wns mede prbr to the exeCUtbn of the Deed of Trust.
<br /> '�� ExeCUted and dalNared Ihis 6th day of F@bfUB� ,1998
<br /> •�� . Luetoi i�aat r H � /�
<br /> -� �/�.1`^ Ol'� �` �,lfs�,.,P _
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<br /> T,�b,a, r���t��Pamela tpke �
<br /> . D�ED OF TRUST ��
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<br /> �'�� THIS DEED OF TRUST("Securtty InstrumenY)Is made on Feb�uefV 6th 1998 .
<br /> : � rne �n,scor�s Gary�Z,Hi ke end Pameta S. Hipke Hueband and Wite, es Jofnt Teneiits
<br /> :' ("Borrower").
<br /> �� � rne trustee�s Arend R Baack Attornev at Law P O Box 790, Grand Islend, Nebraska 68802
<br /> U� ("Trustee").The beneilalary ts
<br /> The Overiand National Benk of Grend Islend wh�h is orgenized and exkting
<br /> ° under th9 16w5 Of The U nited Stetea of Americe ,and wnose address is 304 WeSt Th(rd Street
<br /> i � � Gran Island I�E 69801 C'Lender��. _. -
<br /> '�i '�" l eorrower owes �ender�ne�r�ncipai sum ot One Hundred Th rtv 7wo 7housand Five Hundred end 00/100
<br /> i�`� j j Doliars (U.S.3 132,500.00 ). This debt Is evldenced by Borrowers note
<br /> � { deted the seme date es this Security Instrument ("Note"), which provldes tor monthly payments, with the full debt, H not pafd –
<br /> ���� I earuer,due and payab�e on JUnC 23 1998 —• —
<br /> �� This Security Instrumenl secures to Lender: (a) repayment of the debt ovidenced by the Note, with interest, and all renewals, _–
<br /> ; extensiuns end modHications of the Note; (b) Ihe pflyment ot al other sums, with interest, advanced under peragrflph 7 to
<br /> � protect the securNy d Ihts Securlty Ins;rument; and (c) the pedormance of Borrowers covenants and agreements. For this -
<br />� . � purpose, Borrower irrevocably grants and conveys to Trustee, h trust, w�h power of sele, the following described property ?�.�
<br /> bcated in H811 County, Nebraske: ��'�`--�_=_
<br /> Lot Four (4) Westvrood Perk Third Subdivision, in the City of Grand Islend, Hall County, Nebraska. -:�,�-;:�:
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