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<br />~lWCOlN <br /> <br />88-1.05546 <br />86039-60-1 <br /> <br />ACKNOWLEDGEMENT <br /> <br />I!We, Billie Dean Swanson and Theresa J. Swanson, husband and wife, as joint <br />("Trustor"), under that certain Deed of Trust dated October 13, 1988 ,tenants <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 />Lot 7, Block 16, Rollins Addition co che City of Grand Island, Hall <br />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 />13th day of <br /> <br />October <br /> <br />, 19~ <br /> <br />~/f/'/ I 6~-- c;Y#9~ <br />T s or ' <br /> <br />/~ . '---;//.'~A(~.l '~n.a~ <br />, "'~\.} Trustor y <br /> <br />State of Nebraska <br /> <br />ss. <br /> <br />County of HALL <br /> <br />The foregoing instrument was acknowledged before me this 13th <br />day of October . 19~, by Billie Dean Swanson and Theresa J. Swanson <br /> <br />husband and wife <br /> <br />Witness my hand and notarial seal at <br />in said County. the date aforesaid. <br /> <br />Grand Island, Nebraska <br /> <br />My commis&ion expires; <br /> <br />_I11III'''' III11n111 <br />COIIIlII L IlALES <br />It... fJJ Od. 1l1i89 <br /> <br />(, ' 0c:YJ"...h~_ <br />Notar'; 1;i6'ftc <br /> <br />845A <br />