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ACKNOWLEDGMENT OF UNDERSTANDING <br />OF <br />DEED OF TRUST WITH POWER OF SALE 87-- 101703 <br />The undersigned Borrower (s), Myron & Marsha Lautenschl wer —' 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 the Bank of <br />Doniphan to the undersigned in the amount of TWO Hundred Thousand & noA00ths <br />(i200.00Q-00 ),acknowledge (s): The legal description is: The East <br />1. Well understand that the document to be executed is as Trust �b edaand noot am t�r{gagebraska. <br />2. Well understand that the POWER OF SALE provided for in the Trust Deed orovides 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 llth day of March 19 87 at 3 * IKS <br />o'clock 1LM_ <br />STATE OF Nebraska <br />Trustor(Borroweq <br />Trustor(Borroweri <br />COUNTY OF HALL j ss <br />The foregoing instrument was acknowledged before me this 11th day of March 1g $7 <br />by Myron & Marsha LauLenschlager, husband and wife. <br />tip <br />Ir�cmr. EMa f*V l!w Notary Public <br />(TO BE USED IF TRUSTOR IS A CORPORATION) <br />STATE OF ) <br />COUNTY OF ) ss <br />The foregoing acknowledgement was acknowledged before me on <br />by <br />a <br />(rifle) <br />Corperation, on behalf of the corporation. <br />Notary Public <br />MY commission expires <br />19 <br />(TO BE USED IF TRUSTOR IS A PARTNERSHIP) <br />STATE OF i <br />COUNTY OF j <br />The foregoing acknowledgement was acknowledged before me on 19 by <br />Partner(s), on behalf of <br />a partnership. ' <br />Notary Public <br />My commission expires <br />D— Vh.n—„rn Damp— NE Maj., <br />M1 <br />