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86-100255 <br />ACKNOWLEDGEMENT <br />Husband and Wife <br />I /We, Kenneth L. Wells and Teresa J. Wells, ( "Borrower "), <br />under that certain Deed of Trust dated January. 15 <br />1986 , ( "Deed of Trust ") to be entered into among <br />Borrower, Omaha National Bank ( "Trustee ") and <br />FirsTier Mortgage Co. ("Lender"), covering <br />the following described property: <br />Lot One (1), in Block one (1), in Cunningham Subdivision. an <br />Addition to the City of Grand Island, Hall County, Nebraska. <br />hereby acknowledge that it is understood that (a) the Deed <br />of Trust to be executed by Borrower is a trust deed and not <br />a mortgage and (b) the power of sale provided for in the <br />Deed of Trust provides substantially different rights and <br />obligations to the Borrower than a mortgage in the event of <br />a default or breach of obligation. <br />Borrower acknowledges that this Acknowledgement was <br />made prior to the execution of the Deed of Trust. <br />Executed and delivered this 15th day of January <br />19 86 <br />� / P <br />Borrower KENNETH L. WELL <br />f <br />Borrower TERESA J ' WnLS <br />State of Nebraska ) <br />) as. <br />County of Hall ) <br />The foregoing instrument was acknowledged before me <br />this 15th day of January 19 86 , by Kenneth L. Wells <br />and Teresa J. Wells <br />Witness my hand and notarial seal at Grand Island <br />in said County, the date aforesaid. <br />My commission expires: October, lO 1988 i <br />M�IIL M►Mlr MN� M wlw�y ,ir / 's� ' .l : `- ;�� � '�' :+�' � � <br />N�AMINI.MKEI1 Notary Public SHARON L. BAKE <br />M' dra LM �.1411N <br />LMRM 085 -08 <br />NIFA 85 <br />