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. � � � ` � * � I�-1 ' n � ;� � � n u -- .: -�� ..��, �.. -� CO� "'i .i � � � rn �CL � � � ' � r � �� ' �' � '� s ri cn fll ,� �� -� r�- � ca � �n .� � � �� 3 hO � � � �� Z 98- 1Cj31'75 � N �.� '�" ACKNOWLEDGMENT OF DEED OF TRUST AS SECURITY INSTRUMENT �` we, Delmar D. Mehrinq and Geraldine M Mehrin� Husband and Wife As Joint Tenants ,("Trustor") under the following Deed of Trust to be entered into among Trustors, The Overland National Bank of Grand Island. 304 West Third SVeet Grand Island NE 68801 ("Trustee"), and The Overland National Bank of Grand Island ("Beneficiary") covering the property described below hereby acknowledge that ft is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mortgage and (b) the power of sale provlded for in the Deed of Trust provides substantially different rights and obligations to the Trustor than a mortgage in the event of defauft or breach of obligation. Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 1st day of Apt'il , 1998 , Trustor Truetor elmar . Meh ing Trustor c.��i( - i��""/i�� Trustor Geraldine M. Mehring DEED OF TRUST THIS DEED OF TRUST ("Security Instrument") is made on Ap�ll 1 St , 1998 The tn,stor �s Delmar D. Mehrinq and Geraldine M Mehring Husband and Wife As Joint Tenants rne trustee �s The Overland National Bank of Grand island 304 West Third Street Grand Islandr�NE�� 68801 ("Trustee"). The beneficiary is The Overland National Bank of Grand Isiand which is organized and existing under the laws of The United States of America , and wnose address is 304 West Third SVeet Grand Island NE 68801 (^Lender"�. Borrower owes �ender the principal sum of EiqhtV Eiqht Thousarld Eiqht Hurldred arld 00/100 Dollars (U.S.$ 88,800.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on Apl'il 1. 2003 This Security Instrument secures to Lender: (a) repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modffications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in H811 County, Nebraska: Lot Four (4), in Block One (1) in Packer & Barr's Addition to the City of Grand Isiand, Hall County, Nebraska. . wnicn nas tne address of 1808 West Faidiev Ave , , Grand Island. Nebraska 68803 ("Property Address"); st�.et p�y � Form 3028 9/BO NEBRA8ZKA Sinyle Family FNMA/FHLMC UNIFORM IN3TRUMENT ��'!�� Ft318.LMQ(1/97) Page 1 of 5 /p� �:I �