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ACKNOWLEDG- IENT 90-105996 <br />t I /We, Mark A. Cloe - and_Dian M. Gloe, husband and wife <br />( "Borrower "), under that certain Deed of Trust dated October X1990 , <br />( "Deed of Trust ") to be entered into among Borrower, <br />BANK OF WOOD RIVER ( "Trustee ") <br />BANK OF WOOD RIVER <br />( "Lender "), covering the following described property: <br />A tract of land compromising a part of the Southwest Quarter (SWI 14) of Section Two (2), <br />Township Ten (10) North, Range Eleven (11) West of the 6th P.M., Hall County, Nebraska, <br />and more particularly described as follows: Beginning at a point on the south line of <br />said Southwest Quarter (SWI /4), said point being Two Hundred Sixteen and Eighty -One <br />Hundredths (216.81) feet east of the southwest corner of said Section Two (2); thence <br />easterly, along and upon the south line of said Section Two (2), a distance of Four <br />Hundred Seventeen and Forty -Two Hundredths (417.42) feet; thence deflecting left 90 °00' <br />and running northerly a distance of Four Hundred Seventeen and Forty -Two Hundredths <br />(417.42) feet, thence deflecting left 90 °00' and running parallel with the south line <br />of said Section Twv (2), a distance of Four Hundred Seventeen and Forty =Dwo Hundredths <br />(407.42) feet, thence deflecting left 90 °00' and running southerly, a distance of Four <br />Hundred Seventeen and Forty -Two Hundredths (407.42) feet to a point of beginning and <br />containing 4.00 acres, more or less. <br />hereby acknowledge that it is understood that (a) the lkeed of Trust to be <br />executed by Borrower is a trust deed and not a mortgage and (b) the power of <br />sale provided for in the Deed of Trust provides substantially different <br />rights and obligations to the Borrower Own a mortgage in the event of ao <br />default or breach of obligation. <br />Borrower acknowledges that this Acknowledgement was made prior to the <br />execution of the Deed of Trust. <br />Executed and delivered this 15- day of October 19 90 <br />X &d &4Z� <br />Borrower Mark A. Gloe <br />X h& f Yl ztw _. <br />Borrower Dian N. Gloe <br />State of Nebraska ) <br />ss , <br />County of Hall ) <br />The foregoing instrument wars acknowledged before me this day of <br />Lwc-tober tf , 19 90 , by -Mark A. Gloe and Dian M. Gloe, husband and -..;fc <br />Witness my hand and notarial seal at <br />in said -County, the date aforesaid. <br />My commission expires: /Q• -)/ - "_ . <br />Notary pubtic <br />L RATHMAN <br />