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r <br />$9. 102447 <br />ACKNOWLEDGMENT OF UNDERSTANDING <br />The undersigned as Trustor (Borrower) in`,a proposed Trust Deed With <br />Power of Sale wherein Metropolitan Life Insutance Company in Beneficiary, <br />which Trust Deed will secure payment of a loan to be made by Metropolitan <br />Life Insurance Company to the undersignedrin. the amount of $ 180,000.00 <br />acknowledges: <br />1. I understand that the documentito-be executed is a Trust Deed <br />and not a mortgage. <br />2. I understand that the power of sale provided for in the Trust <br />Deed provides me with substantially different rights and obli- <br />gations in the event of a d6f ault or breach of obligation than <br />the rights and obligations: provided me in a mortgage. <br />3. I further acknowledge tha•t,I have read the foregoing and have <br />signed this document prior to the•execution of any trust deed ! <br />which confers the power:of sale to the Trustee for the benefit <br />of Metropolitan Life Insurance Company. <br />Dated this day of April <br />19 89 at 4w:) 0 clock <br />Tr (Borrowe en elson (also known as <br />e <br />Tr r (Borrower) Milford R. Nelson #' <br />STATE .OF NEBRJI SKA) <br />) ss.. <br />COUNTY OF <br />On this 04 clay of April , 1989 , before. me, a <br />notary public .in and for said Gotrnty, personally :appeared Arlene Ni -lson (also <br />Xnown_as Arlene B. Nelson) ',and ':ilford R. Nelson, wife and husband,------- -- <br />to mr_- personally knot.-n to, be tivn identical persons described in and who <br />executed the foregoing instrument, as Trustors , and aclt.nowledged the exe- <br />cl.;tfan thereof to be their, _ voluntary act and ,daaec#. <br />'' ' (��'lk"� Wr M1 r b <br />nd -and official seal the day acid year last above written.. <br />fiARGAM A. FMON <br />lid rAM. EKA Ott 2t 1991 h I,%/% ft A Q • <br />My commission expires 10-.79- 041 Notary Public in and for said County <br />K S� <br />i <br />i <br />L <br />- i <br />