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<br /> ACKN0111dl��DGIIAENT OF DE�D OF TRUST AS SECUFl�7Y INSTRUM�NT .
<br /> Bandall I. Henold an�d JeanneXte R. Herrold, Hu�band and {dife. As Joint � �
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<br /> Teaanta —
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<br /> ('Trustor'} +' •„_
<br /> under Ihe lollowing Oeed of Trust t�b� entered into among Trosto�s, Atend S Baack, Attorney 8t LBw. ` �_�
<br /> p_ 0_ Hos 790LGrand I�b�d tlebrasic� 68802 �::
<br /> • .("Truslee"), �;;ay
<br /> ;; and The Overland Hati�nal Banti of Grand Island ��'_
<br /> ('BeneficiAry') covering tho propeKy described below hereby acknowledgn that it is understood that (a) the Deed oi Tn+st to be g,�_.
<br /> eaeeuied by Trustor Is a lrust de•d and not a nwRgage and (b)the power of sale provided tar in the Deed ot Trust provides �.µ:
<br />- �, substantialty d:ttereni rlghts end obligations ta the Trustor ihan a mortgage in the event of default or breach oi o6ligatlon. _,
<br /> �� Trustor acknowledges ihat this Acknowledcrr.znt was made pdor to the execution oi the Deed of Trust. `"'
<br /> ! Executed and dolivered this 31st day ot �rC� 1997
<br /> ��....�+% .�✓�+"�
<br /> - Tru�ta TruStor gn . BISO ^
<br /> '� \ I /�t/�✓11�iY�' �Y'���''J�`�t'�%
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<br /> r,,.,t„ r�°�'° �Jeannette B. Herrold
<br /> DI�ED OF TRU�T
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<br /> • ' • TH18 DEED OF TRUST("Security Instrumenl') is mado on H[�iCh 318t ig97 ._
<br /> � � 7he tmstor Is Yt�andall I. Herrold �n$ Jeannette E Herro . Hus an an iT ei.€�.�
<br />_` Joint Te�ts ('Bonower").
<br />�=�:�. The wstee Is Arond R Beack Attornev at Law P. 0. Box 790 Grand Islend, Nebras7ca E8802
<br />�,.,,..:: , (Trusteo').The benailclary Is
<br /> _ ' " �e Overland Maticenab Bank. of Grand IsJl.atnd ,which Is organized and exlsting —
<br /> `.- �"'; under the laws oi The [�n$R�t] States of A�PricB ,and whose addross is �Q� West Tt�i=•d
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<br /> rcr.':= •-��• � StrenC, Gs$std Iel•aatd, Nebrna�ra 68801 ("Lendcsr').
<br /> rri_ •;.-,:��, Bortower owes Lender the principal sum o1.Qne Hundred Tventy�i�� Tttousand and 00 100
<br /> •�; ,:, Do�ars (U.S.$ 1?_9�000.(1� f. Thls debt is evidenced by Borrower's note
<br />'_ • -. dated tha same date as ihis Securiry Instrument ("Note", whlch provides for monthly peyments, with the full debt. If not pald �
<br />�r' � ear�er, due and payable on October 1. 199� '^
<br /> ���»?. ''�'.` This Secudty Instrument secures to Lender. (a) repayment of the debt evidencad by ihe Note, with Interest. and ali renewals,
<br />�. Y +- extenslons and modiGcatlons o1 the Note: (b)t he paymon t o f a l l o t her sums, w i t h In ter es t, a d v a n c e d u n d e r p a r a g r a p h 7 t o
<br />�_�--�,m.. .
<br /> a���^"• protect the securtly oi ihls 8eourity Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />.�,R! ,,:,,�t.:.: -
<br /> �� ,. •. purpose. Borrotive: Irrevocably gra�ts and conveys to Trustee, in trusl with power ol sele. the following described properly
<br /> jiOC�,•�i' localed in H811 County, Nebraska:
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<br /> �;;,ti., � Lot Five (5) in Block Zt�o (2) in �aggener Subdiv3sion, city of Grand Y�lan�l� -�
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<br /> • Hall Gounty. Nebxasica
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<br /> wnicn has the Address of 512 Buat lgth Street _ _Grand IBland
<br /> Nebraska 68801 (•Property Address"): s"��1 ��t�
<br /> p r�� AEht GC:.� --��
<br /> � F•nn 1n1099(1 NEflRA5W1 y�nqi.• F.mnry FN��A��lP.tr, i•'FrnAt iNSifvn t .
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