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ACKNOWLEDGMENT 87 106063 I /We _ FORREST L. STATES AND TWYL.A_R,_ STATES, HUSBAND AND WIFE _ ^-_- -( "Trustor ") under that certain Deed of Trust in the original principal amount of THREE THOUSAND TH TRTY FOUR AND 2 f 1 U--7m I -•- -_- ($ 3 0Q 4 25_ ) and dated �OCTbBER 12, 1987 (Deed of Trust) to be entered into among Truster, AREND R. BAACK ( "Trustee ") and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND ( "Beneficiary "), covering the following described property: LOT TWELVE (12) IN VILLA MAR DEE SUBDIVISION ilF LOTS SEVEN (7) AND EIGHT (B) IN WINDOLPHtS SUBDIVISION, AND LOT TWELVE (12) OF THE SUBDIVISION OF LOT NINE (9) IN WINDOLPHtS SUBDIVISION OF PART OF THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER (NEJNWk) AND PART OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER (NWkNEf) OF SECTION FOURTEEN (14), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WLST OF THE SIXTH (6TH) P.M., HALL COUNTY, NEBRASKA. hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to the Trustor than a mortgage in the event of a default or breach of obligation. Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 12TH day of OCTOBER '19 87 -(:� �.ZP.ta%1 (7:rdstor FORREST L. STATES Truslor T" ' LA H. 'lAlL- STATE OF NEBRASKA SS COUNTY OF HALL The foregoing instrument was acknowledged before me this 12TH day of OCTOBER 19 87 by FORREST L. STATES AND TWYLA R. STATES, HUSBAND AND WIFE Witness my hand and notarial seal at GRAND ISLAND, NEBRASKA _ in said county, the date aforesaid. My commission expires: Dec . 29. 1988 6fiMl Ii1MY•51a of kkau "£! • n C L KASKIE L k 2t = Notary Public ---- -_ - - -- I I N