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ACKNOWLEDGMENT its-_ 1 <br />..�.� <br />1�W� _Patrick W. Phelan and Mary M. Phelan, Husband and Wife ----------- ��rustor ") <br />under that c tain Deed of Trust in the original principal amount of u ive Hundred <br />and no�1a0----- ---------------------------------------------- ($ 51,500.00 and dated <br />June 5, 1987 (Deed of Trust) to be entered into among Trustor, <br />ren aac ( "Trustee ") and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION <br />OF GRAND ISLAND ( "Beneficiary"), covering the following described property: <br />Lot Five (5), Centennial Gardens Sub division, in the City of <br />Grand Island, Hall County, Nebraska. <br />hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a <br />mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to <br />the Trustor than a mortgage in the event of a default or breach of obligation. <br />Trustor acknowledges that this A � owledgment was made prior to the exec tion of the Deed of Trust. <br />Executed and delivered this 5 day of �une 19 87 <br />Trustor Patrick W. Phelan <br />Trustor Mary Phelan <br />STATE OF NEBRASKA <br />SS <br />COUNTY OF Hall <br />The foregoing instrument was acknowledged before me this 5th day of June <br />19 87 by Patrick W Phelan and Mary M Phelan, Husband and difa -- - - - - -- . <br />Witness my hand and notarial seal at in said county, the date aforesaid. <br />My commission expires: u. v\ , <br />o1 2 <br />�Ml M1�16+ <br />W ` M Notary Public <br />