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<br /> 90-- i0175 f � ..
<br /> . � ACRI�TOWLED�ME!`JT OF UNDERSTANDING . , '
<br /> ' The undersignedE as Trustor in,a prop�sed ,Uee� of Trust with . , "
<br /> power of sa2e wherein Arden-Peterson and Gretchen Petersan are
<br /> identif ied as the Benef iciaty, which Deed �of Trust given will , .
<br /> r secure payment of a loan made by Arden Pet�rson and Gretchen �
<br /> Peterson to Robert L. Siemers and 8�tty 3. Siemers in the origi-
<br /> s�al principal amount of One.Huncired:l�ine Thousand Ts�a Hundred �
<br /> Forty-Bight and �to/1d0 Dol lars f$109,248.00� , as evidenced by a �
<br /> ` Deed of Trust Note dated �Art t � . 1990, acknowledges:
<br /> � l. I understand that the document to be executed is a. Deed � �
<br /> < of Trust, and not a Mortga�e, in respec� to that real estate � `- �
<br /> � deseribed as: �
<br /> � A tract of laad comprising a.patt a� tlie Northwest •
<br /> � Quarter tNWl/4) of Section Tweut�-Th�ee (23), Townsbip
<br /> � � Twelve (12) tJorth, Rarige Ten (IQ?` West of the 6th P.M., `
<br /> . . Hall Couaty, tJebraska, anc� more. particul.arly described � � ,
<br /> as: Beginning at the narthwest` corner of said Narth- � �- �- -
<br /> - west Quarter (Nt�Il/4) ; t.€�rt�e� rinning easterly, along
<br /> � � and upon the north 1 ine r�f� sa� Northwest Quartar -
<br /> . (NWl/4� , a d istance of :or,:�._'�iavs and F ive Hundred Seven
<br /> and Fourteen Hundredth� ,�Li�Q�.14) feet; thence running
<br /> , southerly, parallel witH �he west Zine of said Narth-
<br /> west Quarter (NW1/4) , a dista�ce `of Two Thou��nd, Six
<br />' Hundred Twenty-Nine and Twent�_-�-�ven Hundredths
<br /> (2,629.27� feet to a point on the south: Fine of said ,
<br />, t3orthwest. Quarter (NW1��€�� thence runr���� westerly, �'��
<br /> al�ong an� npon the souti� Iine o€ said t3cirthwe�t Quarter �� :-� -
<br /> (NWl/4}, a d istance of One Thousand F ive Hun�.r�1 Seven ....
<br /> and Four Aundred�hs ( 1,54�.04) feet to the sa4iellwest , � . �
<br /> . . � � corner vf said NorChwest Quarter .(h1W1�4y; thence run- ' � � �`,`:::;-
<br /> n ing northerly along and upon the west .�ina, o€ the , � �= ;:.:;
<br /> , ..:_,.
<br /> Northwest Quarter (NW1/4), a d i�tance of Two itiousand
<br /> Si�z Hundred Thirty-Four and Fifty-One Hundredths �
<br /> (2,534.51 t f eet to the point of beg inning .and con- . �e�
<br /> taining 9�L.040 aeres, more or less, of s�'aich 3.113 � '
<br /> acres, �tore �r .�ess, is �resentl j occugied �Z publ.ie
<br /> � road riqht of w��,r. , ' _
<br /> ���
<br /> 2. I understand that the ower of sale provided for �.n the
<br />: Deed of Trust �srovid�s me wit�z substant ally differ�nt ri�3MCs an�
<br /> obligat�ons in the e�Tent of a `defauy� or breach o£ ��bligation ' � • � �'
<br /> than t�_ rights and o�ligations .prc�r���ec� �e in a Martgage. ±
<br /> � . p.
<br /> �, 3. I fuxther acknawledge that i have read the toregoing and � -
<br /> �• have signed thi� document prior to the execution of any Deed of '.�.�.
<br /> Trust which conEr�rs the power of sale ta �the Trust�, for the ben- :��:.
<br /> � ef it of Arden Peterson and Gretchen PetersUn. �
<br /> Dated this .� day of �� , 1990 at ;��o'clock �.M. .
<br /> ,
<br /> ,;�
<br /> � .-� ��,�
<br /> ' Ito �rt L. s :ners
<br /> ,�
<br /> -- ----�---- ..............------ -._ _..._...._._. ._.._.. . ... . _.. . ._ .... . . .... -ti---- .._ .-- - , ,-. _ .._. ...... . ......._ .__. _... .._ . .. . ....__.._ ... _..._.. . . ..- --�
<br /> � '
<br /> i
<br /> ' • ' gett J. iemers
<br /> STATE OF NEBRASKA )
<br /> (ss:
<br /> COUNTY OF �G{� ) .
<br /> The foreqoing inst�rument w�s acknowledg�d befure me this -
<br /> Z da of �D�j►� � �� 1990 b : - ---
<br /> y , y .obect L. Siemers.
<br /> l �
<br /> � �v�`.-�G.�_ F
<br /> NOt2r Publ C � �
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<br /> ��g: OiJAHEA.BURNS �
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