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ACKNOWLEDGEMENT <br />73903 -1 -18 <br />87-- 101213 <br />I /We, Lawrence F. Burns and Marlene M. Burns, husband and wife, _ <br />( "Trustor "), under that certain Deed of Trust dated March 4, 1987 , <br />("Deed of Trust") to be entered into among Trustor, josenh H. Badami <br />( "Trustee ") and FIRST FEDERAL SAVINGS AND LOAM ASSOCIATION OF LINCOLN <br />('Beneficiary"), covering the following described property: <br />LEGAL DESCRIPTION; <br />Lot twenty Four (24), in Block Two (2), in Continental Gardens, an Addition to <br />the City of Grand Island, Hall County, Nebraska. <br />hereby acknowledge that it is understood that (a) the Reed 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 />Trustor acknowledges that this Acknowledgement was made prior to <br />the execution of the Deed of Trust. <br />Executed and delivered this 4th day of March , 19 87 <br />Trustor <br />Lawrence F. Burns <br />Trustor <br />State of Nebraska ) Marlene M. Burns <br />ss. <br />County of Hall ) <br />The foregoing instrument was acknowledged before me this 4th <br />day of March , 19 87 , by <br />Lawrence F. Burns and Marlene M. Burns, husband and wife, <br />Witness my hand and notErial seal at Grand Island <br />in said County, the date aforesaid. <br />My commission expires: <br />asst UW <br />��' °' Notary Public <br />& SALES <br />91 UK faffi it <br />845A <br />L J1 <br />