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ACKNOWLEDGINgNTOFUNDERSTANDING <br />OF <br />DEED OF TRUST WITH POWER Of "LE 87- 108966 <br />The undersigned Borrower (s), Kenneth W. Shultz and Nancy L. Shultz, Husb0fiefli"W that the <br />umierstgrted Islam being asked to act as Trustor (s) in a proposed Trust Deed with Power of Soft wherein the <br />Book of Do niphan Is BeneflclarY, which Trust Dead will secure payment of a loan to be made by the Bank of <br />Ninety Thousand Doniphan to the undersigned In the <br />amount of <br />. ...... <br />no acknowledge (a): (See legals attached) <br />IS <br />1. Well understand that the document to be executed Is a Trust Deed and not a mortgage, <br />2. Well understand that the POWER OF SALE provided for In the Trust DeW 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 hove had an opportunity to rood the proposed Deed of Trust with Power of Sole, but we are <br />signing this acknowledgment first, before we are asked to sign the Dead of Trust. <br />Dated this 26th day of June lg--§-7, at 8:30 o'clock a M. <br />Trustor (Borrower) Trustor (Borrower) <br />Trustor (Borrower) <br />Trustor (Borrower) <br />STATE OF Nebraska ) <br />33: <br />COUNTY OF HALL <br />The foregoing instrument was acknowledged before me this 26th ., day of <br />by and Nancy L. Shultz--- <br />also .9ty"OsAwu <br />Q WW F* 27.1!0 <br />W& <br />June <br />Notary Public <br />19 87 <br />Let Four (4)', (Except that portion thereof conveyed to the State of Nebraska by Deed recorded <br />in Book 144, Pa 15 of Deeds in the Office of the Register of Deeds of Hall County, Nebr"ka) <br />and The East Ref of the Southwest Quarter (E SW) (Except the South 442 Feet thereof) all in <br />Section Twenty Two (22). Township Ten (10), North, Range Kne (9) West of the 6th P.M., Halli <br />County, Nebraska together with an easement for Ingress and egress over the Easterl One Hundred <br />Feet (100) of the Southerly 442 feet of the aforesaid East Half of the Southwest �uarter (EJSWJ) <br />of Section Twenty Two (22), Township Ten (10), North, Range Nine (9) West of the 6th P.M., Hall <br />County, Nebraska.; and <br />The North Half of the Southeast Quarter (NJSEt) of Section Fourteen (14) in Township Nine (9). <br />North Rang* Nine (9) , West of the 6th P.M. in Hall County, Nebraska. <br />Notary Pubflc <br />My commission expires <br />(TO BE USED IF TRUSTOR IS A PARTNERSHIP) <br />STATE OF <br />COUNTY OF— <br />The forag(*V acknowledgement was acknowledged before me on by <br />Partner(s), on behalf of <br />a partnership. <br />Notary Public <br />My commission <br />Helood tNll!:;Owl N1 Asa <br />