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ACKNOWLEDGMENT OOFF UNDERSTANDING 7 () <br />DEED OF TRUST WITH POWER OF SALE <br />The undersigned Borrower (a), - DuWyne G. and Janice D. Pfeifle understand (s) that the <br />undersigned Is/are being asked to act as Trustor (s) In a proposed Trust Deed with Power of Sale wherein the <br />Bank of Doniphan Is Beneficiary, which Trust Deed will secure payment of a loan to be made by 'hie Bank of <br />Doniphan to the undersigned in the amount of_One Hundrad Sam Thousand Five Hundred <br />t5 1§0.500.00 - ),acknowledge(s): The legal description is attached and <br />1. We/I understand that the document to be executed is a Trust Deed and not a mortgage. <br />2. Well understand that the POWER OF SALE provided for in the Trust Deer+ provides me with sub- <br />stantially different rights and obligations in the event of a default or breach of obligation than the <br />rights and obligations provided me in a mortgage. <br />3. Well have had an opportunity to read the proposed Deed of Trust with Power of Sale, but we are <br />signing this acknowledgment first, before we are asked to sign the Deed of Trust. <br />Dated this 14th day of January 198, at- 3:00 _o'clock P —.M. <br />st r(aorrower} Trustor(Borrower) <br />Trustor(8c b� - - - -- - - -- - -- ... <br />�rT Truc tor (Borrower; <br />STATEOF Nebraska ) <br />) ss: <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me this 14111 day of January , 19 $7—, <br />by DuWyne G. and Janice D. Pfeifle, husband and wife. T <br />AM MI. NOTARY— State al Nebraska <br />GEORGE W. HOWARD <br />My Comm. Exp, April 21, 1 88 <br />Notary Public <br />(TO BE USED IF TRUSTOR IS A CORPORATION) <br />STATE OF ) <br />) ss. <br />COUNTY OF ) <br />The foregoing acknowledgement was acknowledged before me on <br />by-- - - - - -- <br />(Title) <br />Corporation, on behalf of the corporation. <br />a <br />Notary Public <br />My commission expires <br />(TO BE USED IF TRUSTOR IS A PARTNERSHIP) <br />STATE <br />)SS. <br />COUNTY Of- --------------- -___.) <br />The foregoing acknowledgement was acknowledged before me on <br />a partnership. <br />Partner(s), on behalf of <br />19 <br />19___ - _ , by <br />_.._ . __ <br />Nc716 +ry PUbllc: <br />My commission expires _ _ <br />