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� T__ _ _ T �: I � i I � ��~� •��o��+Mr.e i.V W�� . r ACKNOWLEDGEMENT ; 8g'� 1 �'� I�� ---. . . , Ne�rBSka S�PT ED1B Fg�g,, . � 198 4 � . Pursuant to§76-1005 R.R.S. 1943, as amended by LB 6T9, eftective July 10, 1984, and betore executing any desc�ibed Trust Deed,the underalgned acknowledge(s)to:Union Mnrtgaqe Company, Inc.the Beneticiary in the � hereinatter Trust Deed� and to Paul J. LaPuzza, AttorRey at Law. the 'li�ustee in said Trust Deed, that the undersigned(is)(are)about to execute,acknowiedge.and dsllti�r a ceKain T�ust Dasd on reat a�aie legaliy described � as: _LO'IS 47 AI�ID 48. � ADDITION TO T!� Tmv OF QtA� IGt.A *�• HALL G�X7NPY, 1�RASK�� -- which Trust Deed wlll be given to secure a promissory note of even date from the underslgned to the Beneficiary. The undersigned understand(s)that the document the undersigned is about to execute is a T�ust Deed, and �ot a rea!estate mortgege,which wlll be given to secure the payment of the promissory note.There will be a power d sala in the'O�ust Deed. A�eal estate mortgage subjects the property to a 11en.The Trust Deed is a conveyance cf the pnoperty tor tha purposes the�ein expressed; whereas a mortgage is conditional and defeasible. A T�ust Deed is executed to a Tiustee who map be difterent than the Beneficiary. The ordinary mortgage is usually executed dlrectly to the creditor to be secured. � The undersigned understa�ds that a power of sale provides to�substantially dlfterent rights and obiigations by the undersigned when compared with a real estate mortgage, In the event that the undersigned defaults under the terms of the p�omissory note and Thust Deed.The undersigned acknowledge(s)that a Trust Deed,in the eveni of a default by the undersigned,involves a nonjudicial toreclosure.There will be no stay of execution or other rights � usually assoclated with a real estate 9oreclosure. " � Aiter the expiration of one month from the flling of a Notice of Default with the Register of Deeds in Yhe above� ` � mentioned County� and service of a copy of the notice upon the undersigned by certified mail,or publlcation. as � txo�aded by statuis,the Trustee may cause a legal notice of Trustee's Sale to be placed in a le�a!newsnaper ln , � ��`- � *!'•�-�'v:�art�a��a+.^,a��ry, �v�►icn puoiicaiion s�ait tatce place once each week for flve consecutive weeks. No t �-�;:�- � sooner than ten(10)days. �or more than thirty(30)days after the Iast publication,the Trustee may conduct a public . � �. - sale at either the property itself or at the County Ccu�t House oi the above•mentloned County,selling the property to the hlghest bidder for cash. - IN WITNESS WHEREOF, the undersigned have executed this Acknowledgment at braska on the date set forth above. = . � � �}�� C�.� : ISAAC �ORD � � . . GE�f�IE,iTE F�DRD � :. 4' � � RrT�?RN T�: • Ua'T • w,rr��:' . � ...� 'r _j.�:= ai,(�,7 �.,._a_ l-.i.C:.: .. .. tNCa � i . STATE OF NEBRASKA � ., s�. `'.. `'. •�: 5,a3`��.3 � . COUNTY OF HALL , SS. • r. .,_...:i`. . .:' :� ,''.;:'.�i-�n�ca . . , :` .:' : .;!�° . � � . Execution of the foregoing instrument was acknowtedged before me on 9/2 8 �g 8 9 , � . . . � , 6ENf1Gl�AAY•SWt M Mr�li� �� '�" .s ��c��Y� - ' FORM 26103 �� Nota Public � I _ � ` � � :� , M1 � t11 y _� ,. �� _ — f' ,. l� ��r,4, � � yt F� r� ��. � ( �� � ,,i f�. `