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<br />ACKNOWLEDGEMENT <br /> <br />88- 103890 <br /> <br />11We. VBR, Inc. ("Trustor"). <br />under that certain Deed of Trust dated Julv ] 5. 1988 ,(" Deed of Trust") <br />to be entered into among Trustor, Flrslier Bank, National Association, Omaha, Nebraska ("Trustee") and <br />FirsTl8r Bank, Nalional Association, Omaha, Nebraska ("Beneficiary") covering the following described <br />property: <br /> <br />LEGAL DESCRIPTION: <br /> <br /> <br />The Westerly One-Third (W 1/3) of Lot Five (5), in Block Fifty-Six (56) <br />in Original Town, now City of Grand Island, Hall County, Nebraska. <br /> <br />hereby acknowledge Ihat Ills understood that (a) the Deed 01 Trust to be excuted by Trustor Is a trust deed <br />and not a mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially dif. <br />lerent rights and obligations to the Trustor than a mortgage in lhe event of a default or breach of obligation. <br /> <br />Trustor acknowledges Ihat this Acknowledgemenl was made prior to the execution 01 the Deed 01 Trust. <br /> <br />Executed and deliV8l'8d this <br /> <br />15th day 01 <br /> <br />Julv <br /> <br />,19~ <br /> <br />~' IncL !/) <br />by ~iJ~ ,(j..~ I(]()~ / ~" <br /> <br />uustorRonald L. Vo~ BPhren, President <br /> <br />Trustor <br /> <br />State of Nebraska ) <br />) 51. <br />County 01 Hall ) <br /> <br />L <br /> <br />Jc-;-jl. <br />The Ioragoing instrument was acknowledged before me Ihis _::J <br />of -PL., '"" ' 19~ . by <br />t<ML>.ld J, VON l1er,teAi <br />Wintell my hand and nowIaI seal at Gr<h.,lfL -X-'" 10" J <br />in Mid County, lhe date alonttaid. <br />My commlllion .xpI....: <br /> <br />day <br /> <br />., <br /> <br />. -----"'. r. ~/ <br />~,Jr' ,) .,.~r. { <br />'-. I AI.A..--t....L L--.....J. I ./' \L<.... J..I......., <br />Notary Public <br /> <br />~-=l51 <br /> <br />c.c: ..,........ .... ,. <br />