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ACKNOWLEDOMENT OF UNDERSTANDING OF DEED OF TRUST WITH POWER OF BALE 87— 106076 husband antic (e �v t e t the i The undersigned Borrower (s), J s B s h , un #rata ha undersigned Islare being asked to act as Trustor (s) In a proposed Trust Deed with Power of sale wherein the Bank of Doniphan Is Beneficiary, which Trust Dead will secure payment of a loan to be made by the Bank of Doniphan to the undersigned In the amount of Six Thousand and No iGO------------- - - - - -- ),acknowledge(s)Bee Legal Description Below 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 Deal' Provides 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 .1 5th day of nc .ober 19 87 at 11:00 o'clock A M. eS Jj. Ba�SrMtor(Borrower) 015 113aascll Trustor (Borrower) Trustor (Borrower) Trustor (Borrower) STATEOF Nebraska ) ss: COUNTY OF HALL ) The foregoing Instrument was acknowledged before me this 15th day of October 19 ?7 by JO ti TA1E111101MMIMt N bow hNn ti till Notary Lot Seven (7), in Fractional Block Three (3)9 in Kernohan and Decker's Addition to the City of Grand Island, Hall County, Nebraska and that part of Broadwell Avenue lying South of the Southerly Line of the East and West Alley in Block 17 of Packer and Barr's Second Addition to the City of Grand Island, Hall County, Nebraska, South to the North Line of Blake Street in the City of Grand Island, Nebraska. on expires--- _--- _- -- _ -_ -_. Unn yp�yn yq.ryM 1.......... q.. If 11MI W