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<br />r <br /> <br />~a8.u UNCOlN <br /> <br />80570-60-1 <br /> <br />88- 101285 <br /> <br />ACKNOWLEDGEMENT <br /> <br />I/We, Gary J. Dreesen and Karen L. Dreesen, husband and wife, <br />("Trustor"), under that certain Deed of Trust dated March 17, 1988 <br />("Deed of Trust") to be entered into among Trustor, FIRST FEDERAL <br />SAVINGS AND LOAN ASSOCIATION OF LINCOLN ("Trustee"), and FIRST FEDERAL <br />SAVINGS AND LOAN ASSOCIATION OF LINCOLN ("Beneficiary"), covering. the <br />fOllowing described property: <br /> <br />LEGAL DESCRIPTION: <br /> <br />Lot 4, Bartelt Second Subdivision, a Part of Lot 7, 14, 15, 16 and 18 of <br />County Subdivision, a part of the South ~ of Section 5, Township 9 North, <br />Range 9 West of the 6th P.M. in the Village of Doniphan, Hall County, <br />Nebraska. <br /> <br />hereby acknowledge that it is understood that (a) the Deed of Trust <br />to be executed by Trustor is a trust deed and not a mortgage and <br />(b) the power of sale provided for in the Deed of Trust provides <br />substantially different rights and obligations to the Trustor than a <br />mortgage in the event of a default or breach of obligation. <br /> <br />Trustor acknowledges that this Acknowledgement was made prior to <br />the execution of the Deed of Trust. <br /> <br />Executed and del~vered this <br /> <br />17th <br /> <br />day of <br /> <br />March <br /> <br />19 88 <br /> <br />~ <br /> <br />Trustor <br /> <br />CIA{ D ''/).-1.L<4'-- -- <br /> <br />Gary Dreesen <br /> <br />~, /: ,O/~ <br />l-~Lfoi1 . <br />Kare~ L. Dreesen <br /> <br />State of Nebraska <br /> <br />) <br />) <br />) <br /> <br />ss. <br /> <br />County of Hall <br /> <br />The foregoing instrument was acknowledged before me this 17th <br />day. of March , 19 88 ,by <br /> <br />Garv J. Dreesen and Karen L. Dreesen. husband and wife, <br /> <br />Witness my hand and notarial seal at <br />in said County, the date aforesaid. <br /> <br />Grand Island <br /> <br />My <br /> <br /> <br />/ <br /> <br />~...., - r>I cvf, /r. ~ <br />Notary Pu lie <br /> <br />845A <br /> <br />L <br /> <br />L <br /> <br />L <br /> <br />-1 <br /> <br /> <br /> <br />'..-=1-- <br />