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<br />ACKNOWLEDGMENT <br /> <br />88-101650 <br /> <br />I/We Michael R. Schlachter and Kathleen A. Schlachter, Husband & Wife ("Trustor") <br />under that5;rtain Deed of Trust in the original principal amount of Thirt y Eight Thousand One Hundred <br />1-1fty and n07100 ------------------------------------ ($ 38,150.00 ) and dated <br />March 28 t 1988 (Deed of Trust) to be entered into among Trustor I <br />Arend R. Baack ("Trustee") and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION <br />OF ORAND ISLAND ("Beneficiary"), covering the following described property: <br /> <br />Lot Seventeen (1?), Jamson Subdivision, in the City of Grand Island, Hall <br /> <br />County, Nebraska. <br /> <br />hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a <br />mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to <br />the Trustor than a mortgage in the event of a default or breach of obligation. <br />Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. <br />E~ecutcd and delivered this 28 day of March . 19~. <br /> <br />~~/LJaAt? <br /> <br />Trustor Michael R. Schlachter <br />, <br /> <br /> <br />~~J/;"""d'.J(lL.(/" c~- <br />~~athleen A. 5 tUachter <br /> <br />STATE OF NEBRASKA } <br />SS <br />COUNTY OF Hall <br /> <br />The fore&oing instrument was acknowledged before me this 28th <br />19~. by [YIichael R. Schlachter and Kathleen A. Schlachter, <br />,... Witness my hand and nota. ri~ at Gr~nd Island, Nebraska <br />My commission expires: ~<-1 /~ /9'/21 . <br /> <br />.... 8I.II1'AII."". II ...." <br />WILLIAM L Me LEuA~ <br />., CoM.. ~ AMI 12. 1988 <br /> <br />day of March <br />Husband and Wife <br />in said county I the date aforesaid. <br /> <br /> <br /> <br />0J~!'I~ <br /> <br />/~;z:;~ <br /> <br />Notary Public <br /> <br />:. - ,I <br />