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<br />88- :t~6981 <br /> <br />1.CKNOWLEDGEMENT <br /> <br />The undersigned, Michael J. Nolan and Beverly E. Nolan, Husband and ,Wife, <br /> <br />[OPTION: husband and wife), identified as "Trustor" under a <br /> <br />certain Qeed of Trust dated Dec~r 21 <br /> <br />, 19~, to be entered <br /> <br />into among Trustor; Arend R. Baack, Attorney at Law, "Trustee"; <br /> <br /> <br />and The Overland National Bank of Grand Island, "Beneficiary", <br /> <br />hereby acknowledge(s) that this Acknowledgement is made prior to <br />(her/his/their) execution of that Deed of Trust in respect to <br />that real estate described as: <br /> <br />lDt Eleven (11), Block Three (3), 80= and Hill's <br />Addition to the Citv of Grand Island Hall Countv <br />Nebraska <br /> <br />and that (~they) know(s) and understand(s) that (a) the <br /> <br />Deed of Trust to be executed by Trustor is a Trust Deed and not a <br /> <br />Mortgage and (b) that the power of sale provided for in the Deed <br />of Trust provides essentially different rights and obligations to <br />the Trustor than a Mortgage in the event of default or breach of <br />obligation. <br />IN WITNESS WHEREOF, the undersigned (has/have) executed this <br /> <br />Acknowledgement on this ~ day of <br /> <br />Dec~r <br /> <br />, 19~. <br /> <br />II: '"Ie> <br />Time <br /> <br />Zli(IJlan?/~ <br />~ Nt:/~ <br /> <br />"Trustor" <br /> <br />STATE OF NEBRASKA <br />COUNTY OF Hall <br /> <br />ss: <br /> <br />The foregoing instrument was acknowledged before me this <br />21st day of Decanber ,19 88 , by Michael J. Nolan and <br />BeverIYE. Nolan Husband and wITe'"' <br /> <br />~1/~42 <br /> <br />Notary Pub11c <br /> <br />~~I <br />.,.......... - <br /> <br />...: <br />