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<br /> � ACKNOIi1tLEnCMENT OF DEED OF TRUST AS SECURITY INSTRUMEf�Y .
<br /> we. Kevin L Kreifels and Anita J. Krelfels W�sband and Wffe — �� ,.,4;• _
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<br /> • .!'Trustor") •:-.�-r�,.r�..
<br /> - under the following Deed of Trust to be entered Into emong Trustors, /��end R Baack Attorney at Lew P. O. 84x_ ,.;;,��„'::�;�t.:�
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<br /> � , ?'SO Orend Island Nebraska 68802 `_-
<br /> ,(`Trustee'), !,-
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<br /> and The Overland Nationai Bank of (3rao�d Island ' t;;�;�;.,..M„�,
<br /> ("Benetidary')covedng the property descdbed below hereby acknowledge that it Is understood thet(a) the Deed oT Trust to be •---•�
<br /> ' � executed by Trustor Is a trust deed and not e moAgage and (b) the power oi sale provided for In the Deed of Trust providos �'�=�--_-�-�—
<br /> Isubstantlally difterent rights and obligations to the Trustor than a moKgage in the event ot tletault or breach of obligatlon. 'u,�=
<br /> ' � Trustor acknowledges that thls Acknowledgment was made prtor to lhe execuUon of the Deed of Trus. � ��
<br /> Executed and delivered thls 28th day ot Februa 1997 �:�t
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<br /> ' Trustor rustor�(g 9 ."}�N ;
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<br /> ... _.- --_-..—.=i Tmstor -- ��o�w;A�ulu . n78�i'v� • ��t,�i — -- -
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<br /> , �� DEED OF TRUST ';,; :
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<br /> �_ THIS DEED OF TRUST('Securiiy Instrument°) Is made on Feb�uaN 28th , 1997 •
<br /> 7he trustor Is Kevin L. Krelfels and An(ta J. Krelfels , Husband and Wife �•Borrowe►').
<br /> " Tne truatoe is Arend R Baacfc, Attornev at Law, P O �ox 790 Girand Island, Nebraske 68802
<br /> ' (Trustee).The beneticlary Is :.�
<br /> The Overland Natlonal Bank of Grand Island whlch Is organized and existing :�--
<br /> � under the Iaws ot The United Sta4ea of pmerica _, end whose eddrass Is 304 West 7hird Street �;;��,-_
<br /> a Grand Islartd NE 68801 (•Lender'�. _
<br /> eorrower owes Lender the pdncipal sum of Sixtv One Thousand Two Hundred Fiftv anrl �0 100 R__ --
<br /> Dollars (U.S.$61 250.00 1. Thls debt fs evideaced by Bonower's note
<br /> dated tho same date as this Security Instrument ('Note'), which provides tor monthly payments, with the tuli debt, (f not pald
<br /> eadler,due and paynblo on Ms�Ch 1 2002 • __ _ _
<br /> This Secudty Instrument�ecures to Lender. (a) repayment of the debt evldenced by the Note, wlth interest, and ell renewals,
<br /> extenslons end rnodiflcatlone of the Note; (b) the payment of all other sums, with Interost, advanced under paragreph 7 to
<br /> . protect the secudry ot this Securiry Instrument; and (c) tho pedortnance of BoROwer s covenants and agreements. For thls =__ _
<br /> � , � purposo, Bortower Irrevocably grants and conveys to Trustee, In trust, with power of sale, the tollowing desc�ibed propeRy --,�,-
<br /> � # located In Hall County, Nebraske: �`�""��,�,�,
<br /> . e '.�w�ri�....rr-._
<br /> :��� Lot Two Hundred F(fty-Six 266). and the South Ftve Feet (S5') of Lot Two Hundred Fifiy-Soven . ?�i
<br /> , (257), in West Lawn, tn the�ity of Grand Island� Hall County. Nebraska. •;�'�:,�
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<br /> whlch has the address o1 1315 N. drand Island Ave__ _ �. arand Island
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<br /> Nebrasko 68803 ('Property Addross');
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<br /> .. Fonn ]U20 9/90 NEURASKA Slnqir�amny FNIAA;FHLMC UNI�VRM WSTRUMEN��' � ,
<br /> - F1316.LM0 (1/97) '
<br /> 97013
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