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<br />ACkNOWLEDGMENT <br /> <br />88- 104019 <br /> <br />I/We, R08ERT W. SPANEL AND PHYLLIS M. SPANEL, HUS8AND AND WIFE ("Trustor") <br />underthat certain Deed ofTrust in the original principal amount of FIFTEEN THOUSAND SE VENTY AND 75/100------- <br />-------------------------------------------------------------($ 15.070.75 ) and dated <br />JUL Y 6, 1 988 (Deed of Trust) to be entered into among Trus~or, <br />AREND R. 8AACK ("Trustee") and HOME FEDERAL SA VINGS AND LOAN ASSOCIA TJON <br />OF ORAND ISLAND ("Beneficiary"), covering thc following described property: <br /> <br />A TRACT OF LAND COMPRISING THE SOUTHERLY SEVENTY-EIGHT FEET (78') OF THE NORTHERLY <br />ONE HUNDRED FIFTY-SIX FEET (156.0') OF THE EASTERLY NINETY-TWO FEET (92.0') OF LOT <br />ONE (1) IN ANDERSON SUBDIVISION, AN ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA. <br /> <br />hereby acknowledgc that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a <br />mortJqe and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to <br />the Trustor ihan . mortPlc in the event of a default or breaeh of obligation. <br />Trustor aclmowledses that this Acknowledgment was made prior to the execution of the Deed of Trust. <br />Executed and delivered Ihis 6TH day JUL Y , 19~. <br /> <br /> <br />(;)~ ?n~~ <br /> <br />Tru,tor PHYLLIS fYI. SPAIfE'L <br /> <br />STATE OF NEBRASKA} ss <br />COUNTY OF HALL <br /> <br /> <br /> <br />JULY <br /> <br />0~~~' <br /> <br />Notary PubUc <br />