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<br />ACKNOWLEDGMENT <br /> <br />88-106'700 <br /> <br />I/We, Dennis A. Shepherd and Esther L. Shepherd. Husband and Wifa ("Trustor") <br />under lhat ccnaln Deed of Trust in ,he original principal amount of El.oht Thousand Three Hundred T'dRnt.v <br />Flue and no/, OO____n___________n__n___________n_______~ (5 8.325.00 ) and dated <br />Decerrber 1. , 988 (Deed of Trust) to be entered Into among Trustor, <br />Arend R. Baeck ("Trustcc") and HOME FEDERAL SA VINOS AND LOAN ASSOCIATION <br />OF ORAND ISLAND ("Beneficiary"), covering the following described propeny: <br /> <br />Lot Three (3) in Block Ten (10) in Gilbert's Second Addition to the City of <br /> <br />Grand Island, Hall County, Nebraska. <br /> <br />hereby acknowledge that it is understood that (a) the Deed of Trusl to be executed by Trustor is a trust deed and not a <br />mongage and (b) ,he power of sale provided for in the Deed of Trust provides subs1antially differen' rights and obligations to <br />the Trustor than a mortgage in the event of a default or breach of oblil!lition. <br />Trustor acknowledges lhat this Acknowledgment was made prior to the execution of the Deed of Trust, <br />Executed and delivered this , st day of December . 19...!lli-. <br /> <br />A. 5hepher <br /> <br />~<2)\~, \. . ~~~\{~ <br />Truslor EIther L. Shepherd <br /> <br /> <br />/" <br /> <br />STATE OF NEBRASKA } <br />SS <br />COUNTY OF Hall <br /> <br />The foregoing instrument was acknowledged before me this , st day of December <br />19...!rn...-. by Dennis A. Shepherd and Esther L. Sheoherd. Husband and Wife <br />Witness my hand and notarial.... at Grand Island. Nebraska in said county. the date aforesaid, <br />My commission expires: <br /> <br />Notary PubUc: <br />