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<br /> ACKNOWLEDGMENT OF DEED OF TRUST AS SECURITY INSTRUMENT r` �-�r�k� -
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<br /> we, �rlk M. N elaen and Lisa R. Nielsen . Husbend end Wife As .Joint Tenan�s_ � ____ _.____._
<br /> �('Trustor") �G :,�,,a�:.�
<br /> under the lollowin8 Deed of Trust to beentered into among Trustors, Natlanal Bank of Commerce Trust and � • •� '_�
<br /> Savings Associatian 13th and'O"SVeet. Lincoln. NE 68&08 �
<br /> ,("Trustes"),
<br /> and The Overland Nationel Bank ot Grend Island
<br /> ("9enef�iary") covering the property described below hereby ackno�vledge thAt R is understood that(a) the Deed of Trust to be • -
<br /> executed by Trusror is a trust deed a�d not a mortgage and(b)the power of sale provided for in the Deed of Trust provldes . 'T��;:..
<br /> substantialy diHerent��ghts and obligatbns to the Trustor than a mortgage In the event of default or breach of obligetion.
<br /> Trusta acknow�edges that this Acknowled4ment was made prbr to the execution of the Deed of Trust. :"�'`
<br /> � Execuled and delivered this lOth day ot Februarv ,1998 � " "�'=
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<br /> DEED OF TRUST ��� �°�
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<br /> `S� THIS OEEO OF TRUST("Securdy InStrumBnY)is made on Februarv 10th , 1998 .
<br /> a� The tNStor is Erik M. Nielsen and Lisa R Nielsen Husband and Wtfe As Joint Tenents �.BortoweP). °
<br /> "'` rne irustee�s Nat(onel Bank of Commerce 7rust and Savinps As�ocietion. 13th end "0" Street, -�--
<br /> � Lincoin,NE 68b08 ('rrustee").The benefblary is �
<br /> The Overland National Bank of Grand Island whlCh Is organized and ex(sting =
<br /> • �nder tne mws ot The United Statea of Amerlcn ,ar,d wnose address is 304 West Third SVeet
<br /> ' Grand Island. NE 88801 (�Lender"�. -
<br /> ' � sorrower owes�ender tne principai sum of One Hundred Seventv Four Thousan Elaht Hundred end ----—
<br />� OU/100 Dollers (U.S.3 174.800.00 ). Thls debt is evidenced by Bortowers note = ----
<br />_ �'. datetl the same date as this Security Instrument ("NOIe"), whiCh provides �or monthly payments, wkh the full debt, ff not pald = �
<br /> earlier,due and payable on MA�Ch 1.2028 - -
<br /> This Secudy Instrume�t secures to Lender. (a) repayment of the debt evidenced by the Note, wah interest, and all renewals, ,=,__�. _
<br />? � extenslons and modif�ations of ihe Note; (b) the payment of all other sums, wRh interest, advanced under paragraph 7 to ----- _.
<br /> protect the security ot this Security Inslrument; and (c) the pe�foRnanco of Borrower's covenants and agreements. For thls ,���°""°'
<br />_ purpose. 8orrower irrevocably grants end conveys to Trustee, In trust, with power of sele, the toliowhg described property �.«`�'�0"i-�G ~
<br /> • located in HAII County, Nebraska: �r �:l.:
<br /> � .�"1:�s'��:.'�.'Yt'`•=_
<br /> • Lot Flfteen (15), Morningside Acres Third Subdivision, in the City of Grand Island, Hall County, .;: .
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<br /> Wn�cn r,as ine edd�ess or 1715 H�rdson Ctrclei_______ _,, Grand Islandy _._.___, I
<br /> — Nebraska 688�1 ("Property Addr9ss"); ����00� _ ����
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