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ACKNOWLEDGMENT 107199 87- Gary V. Pedersen and Mary 1. Pedersen, Husband and Wife ("Trustor") I I/We, under that certain Deed of Trust in the original principal amount of One HlmrlrRrl Si xty Thnll"'~nd end no/10D----------------:-...:---,...------------------------------- ($1F>n,QOIJ 00 ) and dated --December 16..1987 . (Deed of Trust) to be entered into amongTrustorj . Arend' R. Baack ("Trustee") and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND ("Beneficiary"), covering the following described property: Lot Two (2) in Block Two (2) in Brentwood Subdivision in the City of Grand Island, Hall County, Nebraska. hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to theTrustor than a mortgage in the event of a default or breach of obligation. Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. E"",'''' .nd ."i,,,,.llhi, 16th d., nr ,~er J/ ~ Trustor .I Gary V. Pedersen T,,"" ~d~n (J}Ae~ ; 19 c...lrL.. STATE OF NEBRASKA } SS COUNTY OF Hall The foregoing instrument was acknowledged before me this 16th day of December 19~,by Gary V. Pedersen and Mary I. Pedersen, Husband and Wife ------------------- . Witness my hand and notarial.~l at Grand Island, Nebraska in said county, the date aforesaid. My commission expires: ~ <-\. "" 01.. J I Q"8"'l . I ~~ -4 1~~1= Notary Public t . 'J:' '. lilI. ...... 111. -... fl. ........ . -,-- ..-....... L r- i i I ,=:]