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ACKNOWLEDGMENT OF UNDERSTANDING OF 87— 103291 DEED OF TRUST WITH POWER OF SALE Brad W. Gi asenhar;en & T-ur, c-, P enhlger', h;: = =tar,d & wife and i'Iark S. esenl acen ary Doyle 0iesenhageri, The undersigned Borrower ,� _ understand (s) that the undersigned is/are being asked to acrustor (s) in a proposed Trust Deed with Power of Sale wherein the Bank of Doniphan is Beneficiary, which Trust Deed will secure payment of a loan to be made by the Bank of Doniphan to the undersigned in the amount of One Hui red Fi ffty Thotzs d ajd I'p - - -�- 1SC�,00�.OJ >-ie agar. �i�r��ZrrE�.,,�?0 -9 (s 1, acknowledge (s): the N'ISE4 35-10 -9, Ha 11 Co,, NP 1. Well understand that the document to be executed is a Trust Deed and not a mortgage. 2. Well understand that the POWER OF SALE provided for in the Trust Deed Drovides me with sub- stantially different rights and obligations in the event of a default or breach of obligation than the rights and obligations provided me in a mortgage. 3. Well have had an opportunity to read the proposed Deed of Trust with Power of Sale, but we are signing this acknowledgment first, before we are asked to sign the Deed of Trust. Dated this day of S__ 19 n;) , at \\,i1S1— o'clock t% M. Gies erFteavo o a -rie B. Gitati@m*erls STATE OF Coloraao / ) ss: COUNTY OF10AU Denver ) The foregoing instrument was acknowledged before me this 4th day of May 19�, by Brad W_ Giesenhagen, Laurie B. Giesenhagen, Mark S. Giesenhagen, and Mary Doyle Giesenhagen Notary Public Fly COMMisson expires October 19, 1989 (TO BE USED IF TRUSTOR IS A CORPORATION) STATE OF j ) ss. COUNTY OF _ ) The foregoing acknowledgement was acknowledged before me on 19 by — a STATE OF_ COUNTY OF (Title) Corporation, on behalf of the corporation. Notary Public My commission expires (TO BE USED IF TRUSTOR IS A PARTNERSHIP) ss. The foregoing acknowledgement was acknowledged before me on 19 by a partnership. Partner(s), on behalf of Notery vubh My Commission expires_