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1 <br />j� <br />I <br />We, FELIX V. RAMIREZ and GLENNA L. RAMIREZ, Husband and Wife <br />as Joint Tenants, ( "Trustor "), under that certain Deed of Trust in <br />the original principal amount of FI THOUSAND FIVE HUNDRED <br />DOLLARS ($15,500.00), and dated Marche, 1989, to be entered <br />into among Trustor, and DUANE A. BURNS, Attorney at Law, P. O. Box <br />2300, Grand Island, Nebraska 68802, ( "Trustee "), and KENNETH H. <br />SCHMIDT and PHYLLIS C. SCHMIDT, Husband and Wife as Joint Tenants, <br />( "Beneficiary "), covering the following- described property: <br />Lot Ten (10) in Block Si.Xty tour (64) in <br />wheeler and Sennett' s Add=` iqn.: to the City of <br />Grand Island, Hall County,: 5(z ka, <br />hereby acknowledge" that it is understood t hst (a) the Deed of Trust <br />to be executed.by'firustor is a Trust Deed'-and not a mortgage, and <br />(b) the power of Gale provided for in the Deed of Trust provides <br />substantially- di €feidnt rights and obligations to. the Trustor than <br />.a mortgage in'the event of a default or breach of obligation. <br />Trustor acknoWlcdge,s : t%.t this Acknowledgment was m6:da prior <br />to the execution of "thd D(kd of Trust. <br />EXECUTED ...AND DELIVERED this day of March, 1989. <br />FELIX V. Z, Tlepr <br />GLENNA L. RAMIREZ, TrugTor <br />STATE OF NEBRASKA ) <br />: SS. <br />COUNTY OF HALT, ) <br />,. The foregoing instrument was acknowledged before me this :5i, .C- <br />` day of March, ' 'x.988, by FELIX V. RAI4IRE2 and GLENNA L. RAMIREZ, <br />Husband and Wife, for the purposes therein stated. <br />WITNESS my hand and Notarial Seal aty k�.�..r .1%X Zr,6e_4 <br />in said County and State, the date aforesaid. <br />Notark Publ ' <br />JMN=ow abaM�lLtlM My comrteission expires: /i- /�- 199/ <br />L <br />{ <br />Am,. <br />Al <br />