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<br /> .� ACfC�BOWLEDGMENT OF DEED OF TRUST AS SECOlRI�f INSTRl11lffENT � � ` . : :
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<br /> we. Dewayne L Gascho a�d Valerie L Gascho Husband and Wife, As Joint Teuants �' ' �--- � � ��:' � '
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<br /> , .l'rti�or� ' �
<br /> under the foilowing Deed of Trust to be eMered into among Trustors,Arend Fi Baack, Attornev at Law. P. O. BOX � � �.-_'±-_ �'
<br /> 790 Grand {sland Nebraska 688a2 °_ -
<br /> .('Trus[ee'). ._,,.;���:_
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<br /> and The Overland National 8ank of G►and Island •. ;".��
<br /> ('Beneficiary')covering the property described below hereby admowiedge that R is understood that(a)the Deed of Trust to be --te.
<br /> executed by Trustor is a trust deed and noi a mortgage and(b)the power of sale provided for in the Deed of Trust provides *. . - -
<br /> substentiaUy different Aghts and obiigaUons to the Tnistor than a mortgage in the event of detauh or breach of obligation. " . - �•��-
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<br /> Tnutor acKnowiedges that this Aclmowiedgment was made priar to the execution of the Deed of Trust �..�-.,., -�, ,,
<br /> • Executed and delivered this 28th day of MefCh 1997 _ � .�"�_
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<br /> _ T�,na� r^�n�,Dewayne L ascho •
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<br /> ' {� /i.� .�/ /L�ec h� .T�;�`. �.1;� .
<br /> rrwtor r'�Sto'Valerie Q88cho ", '•} '' `
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<br /> DEED O� TRUST - , -,
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<br />- , THIS DEED OF TRUST('Security InstrumenY) is made on MatCh 28th . 1997 �"'�.`.:�': S ,: _
<br /> ' 7he wstor is Dewa�ne L Gascho and Valerte L Gascho Husband and Wife .As Joint Tenants_ _ � �,��.
<br /> (•Borrower'). _.;-
<br /> The tn,stee ts Arend R Baack; At4ornev at Law P. O. Box 790. [irand Islaa�d, Nebraska 68802 ._ '�-`
<br /> • ('Tnistee').The beneflciary is ..- {
<br />• The Overland Nationai Bank of Grand Istand which fs organlzed and existing �S�_=--
<br /> ; � under the laws of The Unitst!Stales oi America ,and whose address is 304 West Thi►d Street �.- — ^
<br /> ►and istand NE 68801 ('lender•). .�f ��
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<br /> � � 8orr o wer o w e s L e n d e r t h e p r t n c ipai s u m o!Twon Five Thousan and 00 100 `�- �_
<br /> Oo!lers(U.3.$25,000.00 ). This debt is evldenced by BortowePs note ��� •
<br /> '.` � dated the same date as this Security Instrument ('Note•), which provldes for monthty payments,wfth the full debt. il not pald � �;�r:�-
<br /> ear(fer,due and payabte on Apri) 1. 2000 . ?�'` . :•�
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<br /> . This Secudry (nstrument secures to Lender: (a) repayment of the debt evidenced by the Note, with interest, and all renewais. _,.Q,,,.,, -
<br /> .� extensions and mod'�flceUons oi the Note; (h) the payment of all other sums, wfth interest, advanced under paragraph 7 to `.�_ � �
<br /> protect the seeuriry of thts Security InsUumenx and (c) the peAortnance o} Borrower's covenants and agreements. For ihis
<br /> '� purpnse. Borrower Urevocably grants and conveyrs to Trustee, in trus�t. wrih power of sale, the following described properry -�.���.
<br /> , ; located in Hali County,Nebraske: � ,- -•-�- '
<br /> . Lot One (1). Marion Subdivislon, Hall County. Ne6aaska. `� � �Mn
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<br />' • � which Aas the address of 7662 N. 130 Rd.. . Cairo ' �
<br /> - j Nebraska 68824 ('Property Address'1: s"�•' �'t' .
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<br /> �' � '• Form A2d 9i30 NEBHAoMA Smyle F�n,•;y F;yMA�'FHLt:.0 V�:iFCRtd i.STFUMEN7 I � - �
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