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<br />ACKNOWLEDGMENT <br /> <br />88_105878 <br /> <br />llWe. Frederick J. Stubbendick and Wilma M, Stubbendick ("Trustor'" <br />under thnt certain Deed of Trust In the original principal amount of Twenty Thousand and no/l00 Oollars-- <br />________________________________________________________1$ 20,000.00 I and dated <br />October 241 1988 (Deed of Trust) to be entered into among Trustor. <br />Earl O. Ahlschwede ("Trustee") and THE EQUITABLE BUILDING AND <br />LOAN ASSOCIATION OF GRAND ISLAND ("Beneficiary"', covering the following described property: <br /> <br />A tract of land in the East l> of the Southwest Quarter of the Southwest Quarter (SW%) of <br />Section Thirteen (13), Township Eleven (11) North, Range Nine (9) .Iest of the 6th P,M., <br />Hall County, Nebraska, bein9 more particularly described as follows: <br /> <br />With rsference to the Northeast corner of said El>, SWl. thence running on an assumsd bearing <br />of N 0 00" 00" .1 a distance of 69,30 feet; thence running Southerly bearing S 04 58' 30" <br />E a distance of 418.60 feet to the actual poin~ of beginning; thence running S 130 49' 17" <br />E a distance of 88,40 feet thence running S 77 42' 01" W a distance Sf 88,83 feet; thence <br />running N 160 06' 13" W a distance of 75.15 feet; thence runnin9 N 69 22' 34" W a dis- <br />tance of 92.45 feet to the actual point of beginning, also referred to as Lot 14 and the <br />N!> of Lot 15, having a lake front frontage of 75 feet, and situated on the East side of <br />the East portion of Kuester Lake, and being on a part of the El>SW!,;, Section 13, Township <br />11 North, Range 9, in Hall County, Nebraska. <br /> <br />hereby acknowledge that it is uaderstood that (a) the Deed 01 Trust to be executed by Trustor is a trust deed and not <br />a mortgage and (bl the power of sale provided for in the Deed of Trust provides subetantially 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 Trusts <br />Executed and delivered this 24th day of October 19~, <br /> <br /> <br />STATE OF NEBRASKA} <br />SS <br />COUNTY OF Hall <br /> <br />.J:HIIlIJIMY.- .... <br />Mj'IL~ <br />IIJr-flJ..l,- <br /> <br /> <br />day of October <br /> <br />The foregoing instrument was acknowledged before me this 24th <br />19...!!!L-, by Frederick J. Stubbendick and Wilma M, Stubbendick <br />Witness my hand and notarial seal at <br /> <br />My Commllllion expires: q -I ~~ <br />