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87-101595 <br />ACKNOWLEDGMENT <br />I /We, _ Mary Ann Degen and William J. Degen, her ( "Trustor "). <br />us an <br />under that certain Deed of Trust dated January 1. 1987 , ( "Deed of <br />Trust ") to be entered into among Trustor, Bank of Wood River <br />( "Trustee ") and Bank of Wood River ("Beneficiary*), <br />covering the following described property: <br />LEGAL DESCRIPTION: <br />Parts of Lots Six (6) and Seven (7) in Block Fifteen (15) of Charles <br />Wasmer's Addition to the City of Grand Island, Nebraska, more particularly <br />described as follows: to -writ: Commencing at the north westerly corner of <br />Lot Six (6), Block Fifteen (15) in Charles Wasmer's Addition to the City <br />of Grand Island, NEbraska, running thence in a southerly direction on the <br />Westerly line of said Lot for a distance of 60 Feet, thence turning a <br />right angle and running in an Easterly direction and parallel with the <br />Northerly line of Lot 6 & 7 in Block 15 of Charles Wasmer's Addition for <br />a distance of 60 feet, thence turning a right angle and running in a <br />northerly direction for a distance of 26 feet, thence turning a right <br />angle and running in an Easterly direction parallel to the Northerly <br />line of Lot 7, for a distance of 20 feet to the Easterly line of the <br />Westerly Half of said Lot 7; thence turning a right angle and running <br />in a Northerly direction on the Easterly line of the Westerly Half of <br />said Lot 7 for a distance of 34 feet to the Northerly line of said Lot <br />7; thence turning a right angle and running in a Westerly direction <br />on the Northly line of said Lots 6 & 7 for a distance of 80 to place <br />of beginning. <br />hereby acknowledge that it is understood that (a) the Deed of Trust to <br />be executed by Trustor is a trust deed and not a mortgage and (b) the pager <br />of sale provided for in the Deed of Trust provides substantially different <br />rights and obligations to the Trustor than a mortgage in the event of a <br />default or breach of obligation. <br />Trustor acknowledges that this Acknowledgment was made prior to the <br />execution of the Deed of Trust. <br />Executed and delivered this 1st day of January 1987. <br />William J. D n <br />Mary +n Degen <br />STATE OF NEBRSKA ) <br />(ss. <br />COUNTY OF HALL j <br />Tha -f- -egging in -stri -a-t was acknowledged before h 1 <br />�3 °��� was w .^� vrc ;6C tiizS jt day <br />of January 1987, by Mary Ann Degen and William J. Degen her <br />hus anb d. <br />Witness my hand and notarial seal at in said <br />County, the date aforesaid. <br />M iisl� <br />My commission expires: -M �-(sRMM06 . <br />Notary Public <br />E <br />