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<br />~'--"U\ImIN <br /> <br />84330-1-18 <br /> <br />ACKNOWLEDGEMENT <br /> <br />88- 104324 <br /> <br />I/We, Michael W. Launer and Catherine J. Laun~r, husband and wife, <br />("Trustor"), under that certain Deed of Trust dated August 8, 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 />The Southerly Thirty Three (33) Feet of Lot Three (3), and the Northerly <br />Forty Three (43) Feet of Lot Four (4), in Buhrman's Subdivision, an Addition <br />to the City of Grand Island, Hall County, 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 delivered this <br /> <br />8th <br /> <br />day of <br /> <br />August <br /> <br />, 19~ <br /> <br />State of Nebraska <br /> <br />) <br />) <br />) <br /> <br />-11;;Jd' '0' ~J__P1~ <br />Trustor <br />Michael W, Launer <br /> <br />;;;u~~~' ~~~~~ <br /> <br />Catherine J. Launer <br /> <br />ss. <br /> <br />County of Hall <br /> <br />The foregoing instrument was acknowledged before me this 8th <br />day of August , 19~, by <br /> <br />Riobael W. Launer and Catherine J. Launer, husband and vife. <br /> <br />Witness my hand and notarial seal at <br />in said County, the date aforesaid. <br /> <br />Grand Island <br /> <br /> <br />r!-~ J, /9?cJ <br />~:/*i2 4~b74"C <br />No ary c <br /> <br />My commission expires: <br /> <br />845A <br /> <br />~ <br />