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<br /> ACKNOWLEDC3MENT N � ;.��;;��`�� '
<br /> �•;K.._
<br /> The undersigned Trustors hereby acknowledge and understand that (a)the security document t_ '�;��
<br /> below to be axacuted fu a Trust Deeci and not a mortgage, lb)the power of sale provided for in the Trust � -�_ '�
<br /> r Deed provides substantially different rights and obligattons to the Trustors than a mortgage in the event � ��'�u
<br /> �i 6f a default or breach of obiigation. The Trustors further represent and agree that this certifica4ion has � �«�__
<br /> ibeen read and executed in connection with, but before, the Trustors' execution of the faltowing Trust � ��.:;��-
<br /> �I D88d. . ��' _�;,v��R-
<br /> � DATED � / 01 , 1998. � `- � �� �`'```� ���d.u-u y..� .�J. �' �� `�;'
<br /> ► ��..�.�r .a ."F;:,_
<br /> ') �4-�.cr1..��� �..ti � - �:gar�r�}'a
<br /> Rex J. H. Otto, by Laurence D. Otto, i.= —�-_��
<br /> �� � his Attomey-in-Fac ,� �?:�j ,�(ry�''�"'�
<br /> �� c ,�.E- .����• � �r �.OS� ����_W
<br /> _ �.�
<br /> � Helen M. Otto, by Laurenc D. 0 0, ��-
<br /> her Attorney-in-Fact
<br /> �
<br /> ` STATE OF NEBRASKA) --
<br />-._ _.... -� ? sc.
<br /> �=
<br /> �. COUNTY OF HALL 1
<br /> v� ","
<br /> The foregoirog was acknowledged before me on the�,day of�� 1998,by Rex �--
<br /> J. H. Otto and HAlen M. Otto, husband and wife, by Laurence 0. Otto, their Atto y-in-Fact, as their
<br /> �' voluntary act and deed. -
<br /> i -
<br /> ��� � �
<br /> . iEMEMI MOTAAY•ShM N Nit�ltl �i'i --�
<br /> KAREN D.NE
<br /> ' *• AhO�.�Fxp.JW�r�1.1 Notary Public
<br /> � -
<br /> �.
<br /> , �' TRUST DEED
<br /> � x --
<br /> � THIS DEED OF TRUST is made on v� �� a , 1998. The T�ustors are Rex J.H. Otto -
<br /> � and Helen M. Otto,husband and wife("Borrowers"1, 7he Trustee is John R.Brownell, Attorney at Law, - �
<br /> ;� ("Trustee"1. Ths beneficiary is The Diamond Engineering Co.,a Nebraska Corporation, Box 1327,Grand � _
<br /> Island, NE 68802 ("Lender"1. Borrowers owe Lender the principal sum of One Hundred Three 7housand _
<br /> Six Hundred Ninety Eight and b91100 Dollars (3103,698.691. This debt is evidenced by Borrowers' Note k-
<br /> � <: �.,.
<br /> � dated the same date as this Security Instrument 1"Note"1,which provides for a single payment of principal �:
<br /> � on February 16, 2000. The Security Instrument secures to Lender. (a) the repayment of the debt �._-_
<br /> evidenced by the Note, with interest,and all rene�rvals,exiensions and modifications; (b)the payment of °'-__-_
<br /> .�:;•__�___._�_�.
<br /> all othor sums, with interest, advanced under paragraph 6 to protect the security of this Security _ -
<br /> �•'-- �
<br /> Instrument; and (c) the performance of Borrowers' covenants and agreements. For this purpose, �n�,:,;��,;�,-
<br /> � Borrowers irrevocably grant and convey to Trustee,in trust,with power of sale,the following described �`=•,�, : -h�
<br /> ��:�.��
<br /> property located in Hall County,Nebraslca: ��:;►�:� '
<br /> • .r�.��`'.`«
<br /> � Lots One f1),Two (21,Three (31,Five(6L Six 161,Eight l8), Nine (9), Ten (10),Eleven f 11), ' .'''�'`}T��_►�:��"-%
<br /> ;: 1.._.::
<br /> Twelve (12), Thirteen (131, Fourteen (14), and Fifteen (16), Rainbow Lake Third �'�'r.•
<br /> Subdivision, Hall County,Nebraska, �••, �
<br /> The address of the property is 3623 SouYh Blaine Stroet, Grand Istand,Nebraska 68801,
<br /> TOGETHER WITH all the im�rovements now or hereafter erected on the property and all
<br /> easements, rights, appurtenances, rents, and fixtures hereafter a part of the property. All replacements
<br /> .�, .�- �---- ..... ..., .,.:...ti:..
<br /> anti aaciiiiuri5 yiidii oisv ub cuvn�isci uy iiiis aticuriiy i�i6iiuiTiaiii. r+n �no �v�cy"vii.y�S :�.�...... ...... ...... =.- ----------.
<br /> r-
<br /> Security Instrument as the"Property". I .
<br /> I
<br /> _ BORROWERS COVENANT that Borrowers are lawfully seised of the estate hereby conveyed and I
<br /> have the right to grant and convey the Property and that the Property is unencumbered, except for i
<br /> encumbrances of record. Borrowers warrant arxl will defend generally the title to the Property against all f
<br /> claims and demands, subject to any encumbrances of record. I
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