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r <br />ACKNOWLEDONS T OF UNDERSTANDING <br />OF <br />DEED OF TRUST WITH POWER OF SALE <br />87- 104666 <br />The undersigned Borro eir(a), 1V'44e R. & Holly L. Zersen , understand (a) that the <br />wtoersignetf tsfare bemg,aated to act as Trustar (s) In a proposed Trust Deed with Power of Sale wherein the <br />Bark of Doniphan is Beneficiary, which Trust Deed will secure payment of a loan to be mule by the Bank of <br />Doniphan to the undersigned In the amount of Seventeen Thousand Five Hundred & no/100ths <br />acknowtw ys: The legal is: Lots 3 , 4, & 5, Eagle Lake <br />uted s a yris�n �st1mu Hebrask a. <br />u�efl ni. Welt urdsrstandthat the document to �not or <br />2 WWI understand that the POWER OF SALE provided for In the Trust Deers orovides me with sub• <br />stientially different ruts 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 Watt have had an opportunity to read the proposed Deed of Trust with Power of Sate, but we are <br />signing this acknowledgment first, before we are asked to sign the Deed of Trust. �t <br />Dated this 25th day of July 19 $? , at /o : 0o 0 o'clock _L1 —.M. <br />Holly L. 4 er en Tr lsorroww) <br />Trustor (Borrower► <br />STATE OF Sbraska <br />as: <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me this 25th _ day of JuIX , ;yam, <br />by Wade it. & Holly L. Zersen, husband & wife. <br />Imaittimm -Ma olftwe a <br />faWRGE W. N YWW <br />t ft Ei AW 21,190 <br />Notary <br />(TO BE USED IF TRUSTOR IS A CORPORATION) <br />STATE OF ) <br />} ss. <br />COUNTY OF _ ) <br />The foregoing acknowledgement was acknowledged before me on <br />by <br />f <br />(Tilt*) <br />Corporation, on behalf of the corporation. <br />Notary Public <br />My commission expires <br />19 <br />