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<br />ACKNOWLEDGMENT <br /> <br />~s-- 100915 <br /> <br />I/We, Larry A. Gerdes & Janice L. Gerdes, husband and wife ("Trustor") , <br />under that certain Deed of Trust dated February 24. 1988 ("Deed of <br />Trust") to be entered into among Trustor, Five Points Bank. Grand Island, NE <br /> <br />("Trustee") and Five Points Bank. Grand Island. NE <br />covering the following described ~roperty: <br /> <br />("Beneficiary" ) <br /> <br />LEGAL DESCRIPTION: <br /> <br />See Attached <br /> <br />hereby acknowledge that it is understood that (a) the Deed of Trust to be <br />executed by Trustor is a trust deed and not a mortgage and (b) the power <br />of sale provided for in the Deed of Trust provides substantially different <br />rights and obligations to the Trustor than a mortgage in the event of a <br />default or breach of obligation. <br /> <br />Trustor acknowledges that this Acknowledgment was made prior to the <br />execution of the Deed of Trust. <br /> <br />Executed and deli"ered this 24th <br /> <br />day of February <br /> <br />, 19 88 <br /> <br /> <br />~~ Jl ~ G~'\ dtJ~J <br />r stor (Janice L. Gerdes) <br /> <br />State of Nebraska ) <br />) ss. <br />County of Hall ) <br /> <br />The foregoing instrument was acknowledged before me this 24th day <br />of February 1 19 88 ,by Larry A. & Janice L. Gerdes <br /> <br />Witness my hand and notarial seal at <br />County, the date aforesaid. <br /> <br />Grand Island. NE <br /> <br />in said <br /> <br />My commission expires: <br /> <br />r ImARY-Sl3lIIf..... <br />DEVRA WEilER <br />.., r- bp.. All. 2S. 1l1li <br /> <br />fJil}JL~ [J.v tltA) <br /> <br />Notary Public <br /> <br /> <br />-~; <br /> <br />..\ <br />J <br /> <br />,.--..- <br /> <br />l <br /> <br />