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<br />ACKNOWLEDGMENT <br /> <br />88- 104354 <br /> <br />I/We, John R. Shanah2n and Janet L. Shanahan ("Trustor") <br />under that certain Deed of Trust in the original principal amount of Twentv Seven Thousand and nol 100 -- <br />__________________________________________________Dollars------($ 27,000.00 land dated <br />August 8, 1988 (Deed of Trust) to be entered into among Trustor. <br />Earl D. Ahlschwede ("Trustee") and THE EQUITABLE BUILDING AND <br />LOAN ASSOCIATION OF GRAND ISLAND ("Beneficiary"l. covering the following described property: <br /> <br />Lot Three (3), Block Seven (7), Gladstone Place, an Addition to the City of Grand Island, <br />Hall County, Nebraska, <br /> <br />hereby acknowledge that it is understood that (al the Deed of Trust to be executed by Trustor is a trust deed and not <br />a mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and <br />obligations to 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 />Executed and delivered this 8th day of August .19~, <br /> <br />~R\)~ <br /> <br />Tru~ 0 n . Shanahan <br /> <br /> <br />Tru.Sf;~.~a~~ <br /> <br />STATE OF NEBRASKA} <br />SS <br />COUNTY OF Hall <br /> <br />The foregoing instrument was acknowledged before me this <br />19~.by John R. Shanahan and Janet L. Shanahan <br /> <br />Witness my hand and notarial seal at Gr I N <br /> <br />8th <br /> <br />day of August <br /> <br /> <br />My CommiuioD upires: // -;{ s- - f ;: <br /> <br />t.:L.-r:E:-.:--1 <br />., c.a -..... ZI, U. <br /> <br />I <br /> <br />r.. <br />