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t.gr.101933 <br />ACKNOWLEDGEMENT OF POWER OF SAW <br />(To Be Signed Prior To Execution of t)ee#_ of Trust) <br />Loan Commitment, dated November 9, 1989, of a"I rican Federal <br />Savings and Loan Association of Iowa,,regar4jb4 Grand Island Heal <br />Care, 3100 W. Faidley Avenue, Grand lslar4#., braska, and Addendum <br />kid Loan Commitment, dated November 281h'1988.' <br />l:.description of sject property:: / <br />:Lot. L Kv fe's Fia<st subdivision to the City of Grand �/� <br />Island *' ff1I. County, Nebraska; and r <br />::. Apart o€ Lot 4, in WEB4- .ROAD - SUBDIVISION in the City of <br />Grand Is3andG in Hall Co unty, Nebraska, more particularly <br />described as follows. <br />Begifilmim at the Northeast corner of said Lot 4; thence <br />Southerly, along the Easterly line of said Lot 4, a <br />di.Lstance of 325.74 feet; thence deflecting left 21 016130" <br />,running Southeasterly, along said Lot line, a <br />;.dis•'.a,ice of 188.98 feet, to the Southeast corner of said <br />Isis .4.d thence Westerly, along the Southerly line of said <br />1<ot 4;, a distance of 143.48 feet; thence deflecting right <br />as°4 5.05" and running Northerly, a distance of 500.26 <br />Beet, to the North line of said Lot 4; thence Easterly, <br />along the North line of said Lot 4, a distance of 75.00 <br />..feet, to the Place of Beginning. <br />1 <br />4".. <br />S <br />Vii: MERICAN FEDERAL SA`1INGS AND LOAN ASSOCIATION OF IOWA, ITS <br />PARTICIPANTS, SUCCESSORS AND ASSIGNS. <br />S=TEv IV NEBRASKA ) <br />) ss <br />'-OwNTY CF Apv� <br />lime undersigned ( "Borrower ") hereby states and deposes as <br />follows: <br />1. Borrower will be the borrower under a certain loan from <br />American ll'o-deral. Savings and Loan Association of Iowa, and, as <br />security for such loan, Borrower will execute and deliver a deed of <br />trust ccrering the above described property to American Federal <br />Savings and Loan Association of Iowa. <br />2. This Acknowledgement has been executed prior to the <br />execuiUan of said deed of trust. <br />Borrower understands and acknowledges that such securing <br />instr=ent is. a deed of trust and not a, mortgage and that the power <br />of sale (=ntaine4 in such deed of trust provides substantially <br />different rights and obligations than a mortgage in the event of a <br />default or other breach of the obligations contained therein. <br />DATER: A 1989. <br />D : \LOAND0C \HEALTN..AC' Y <br />April 10, 1989 <br />GRAND ISLA1;D HEALTH CARE, INC., <br />a Nebraska <br />corporation <br />,_ Jack D. <br />By <br />Vetter, Presi ent <br />Ste hen T. k6ffil, Secretary <br />i <br />ki <br />Pik <br />`r1 <br />