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<br />88-{03923 <br /> <br />ACKNOWLEDGEMENT <br /> <br />certain Deed of Trust dated <br /> <br />July 15 <br /> <br />, 19~, to be entered <br /> <br /> <br />The undersigned, <br /> <br />TinDthy L. Jacobs, A Single Person <br /> <br />[OPTION: husband and wife), identified as "Trustor" under a <br /> <br />into among Trustor, Arend R. Baack, Attorney at Law, "Trustee"; <br /> <br />and The Overland National Bank of Grand Island. "Beneficiary". <br />hereby acknowledge(s) that this Acknowledgement is made prior to <br />(her/his/their' execution of that Deed of Trust in respect to <br /> <br />that real estate described as: <br /> <br />Lots Nine (9) and Ten (10), Block Three (3), Gilbert's <br />Addition to the Citv of Grand Island IInll r.ollnty <br />Nebraska~ AND oart vacated allev ad;a~Pnt t.o lot,:; Ninp <br />(9) and Ten (0) Block TIll'ee (3) GilllPrt's Arklit;on <br />as shoY.n in Ordinance No. 2756 filed .Januarv 12 <br />1953 in Ibok "X", Page 149. <br />and that (he/she/they) know(s) and understand Is) that (a) the <br /> <br />Deed of Trust to be executed by Trustor is a Trust Deed and not a <br />Mortgage and (b) that the power of sale provided for in the Deed <br />of Trust provides essentially different rights and obligations to <br /> <br />the Trustor than a Mortgage in the event of default or breach of <br /> <br />obligation. <br /> <br />IN WITNESS WBEJXOF, the undersigned (has/Jallie) executed this <br /> <br />Acknowledgement on r..his -l51h. day of .Jul\' <br /> <br /> <br />10:0'-1 A,m. <br />Time ..0;;'1'\ <br /> 11' 6 <br />STATE OF NEBRASKA <br /> ss: <br />COUNTY OF Hall <br /> <br />The foregoing instrument was acknowledged before me this <br />15th day of July , 1988 , by TinDth~' L. .Jacobs <br />TSIiif;le Person in Grand Islar:cr.-Nebraska <br /> <br /> <br />r1~~ ~.~~ <br /> <br />Notary Public <br />