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ACKNOWLEDGMENT OF UNDERSTANDING p <br />OF <br />DEED OF TRUST WITH POWER OF SALE 87- 101442 <br />The undersigned Borrower (s), StOlAAA & Janie SchuRyM husband &ndlliM#nd (s) that the <br />undersigned islare being asked to act as Trustor (s) in a proposed Trust Deed with Power of Sale wherein the <br />Baulk of Doniphan is Beneficiary, which Trust" Deed will secure payment of a loan to be made by the Bank of <br />Doniphan to the undersigned in the amount of Thirty Right Thousand & no/100ths <br />(z 38.000.00 ),acknowledge (s): The legal description is attached and <br />t. Well understand that the document to be executed is a Trust Deed and not a mortgage. <br />2. Weil understand that the POWER OF SALE provided for in the Trust Deed 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 16th day of March - —.19 87 at 1-00 o'clock /0 M. <br />I <br />Trustor (Borrower) <br />Trustor (Borrower) <br />STATE OF Nebraska ) <br />ss: <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me this 16th day of March —19-17— <br />by -- - Stephen and Janie Schuppan, Husband and Wife. <br />= acmm. -Sots at Nettl�iti <br />N. HOWARD <br />p. Apt 21.1389 <br />(TO BE USED IF TRUSTOR IS A CORPORATK" <br />¢rA..TC t= <br />Stephen & Janie Schuppan Legal Description for their Acknowledgment <br />of Understanding of Deed of Trust with Power of Sale: <br />PART OF THE WEST HALF OF THE NORTHEAST QUARTER (Wt-NEk) OF <br />SECTION THIRTY THREE (33), TOWNSHIP TEN (10) NORTH, RANGE <br />NINE (9) WEST OF THE SIXTH P.M., HALL COUNTY, NEBRASKA, <br />!!.ORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT <br />TIT Ur1RTNFIlST r nnmpR ON RAM wrR WA7TF CAF THE MORTHFAST <br />QUARTEP THENCE WESTEHLY ALONG THE NORTH SECTION LINE OF <br />SAID SECTION THIRTY THREE A DISTANCE OF THREE HUNDRED <br />SIXTY ONE (361) FEET; THENCE SOUTHERLY PARALLEL TO THE <br />WEST LINE OF THE NORTHEAST QUARTER OF SAID SECTION THIRTY <br />THREE A DISTANCE OF THREE HUNDRED SIXTY ONE (361) FEET; <br />THENCE EASTERLY PARALLEL TO THE NORTH SECTION LINE OF SAID <br />SECTION THIRTY THREE A DISTANCE OF THREE HUNDRED SIXTY <br />ONE (361) FEET; THENCE NORTHERLY ALONG THE EAST LINE OF <br />THE WEST HALF OF THE NORTHEAST QUARTER OF SAID SECTION <br />THIRTY THREE A DISTANCE OF THREE HUNDRED SIXTY ONE (361) <br />FEET TO THE POINT OF BEGINNING. <br />ryhhyN+tln NM 1t{, r�(>.•. {•n.tl., hi M1rW �: <br />