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ACKNOWLEDGMENT OF UNDERSTANDING <br />OF <br />DEED OF TRUST WITH POWER OF SALE <br />F 86- 101956 <br />The undersigned Borrower (s ), Danny D. McWhi rter and Carol L. t4cWhi rter�H� rsiand (s)t that the <br />undersigned Islare being asked to act as Trustor (s) in a proposed Trust Deed with Power of Sale wherein the <br />Bank of Doniphan is Beneficiary, which Trust Deed will secure payment of a loan to be made by the Bank of <br />Doniphan to the undersigned in the amount of sixty Seven Thousand Seven Hundred and No /100 _ <br />(S- 67, 700.00 }, acknowledge (s): <br />g (See legal attached on back) <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 Deed Drovides 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 have had an opportunity to read the proposed Deed of Trust with Power of Sale, but we are <br />signing this acknowledgment first, before we are asked to sign the Deed of Trust. <br />Dated this 7th day of Apri 1 _,19 8 at _4: 00 -- o'clock __ G M. <br />Trustor f.Borrow,�er) <br />Trtl or Borrower <br />Trustor (Borrower) <br />Trustor (Borrower) <br />STATE OF_ Nebraska _ ) <br />ss: <br />COUNTY OF HALL _ Hal l <br />The foregoing instrument was acknowledged before me this 7th day of _April , 19.86 <br />by nanny -(1_ NcWhirter and Carol L. McWhirter <br />LA;lfNAl iMrAM•M�N �f tlrloNt _ � _ ` �--- <br />fIEOMEK WMtlGf11E — Notary Puti iclic— - - - -- <br />Mir Co. E* ftl 2T, Isu <br />(TO BE USED IF TRUSTOR IS A CORPORATION) <br />STATE OF <br />1 ss. <br />COUNTY OF_ ------ - - - - -- ) <br />The foregoing acknowledgement was acknowledged before me on <br />(Title) <br />a Corporation, on behalf of the corporation. <br />Notary Public <br />My commission expires <br />(TO BE USED IF TRUSTOR IS A PARTNERSHIP) <br />STATE OF._ _� _.----------- _ - -- -- ) <br />)S5. <br />COUNTY OF ------------ __- _-- ---- <br />- _-__._. <br />The foregoing acknowledgement was acknowledged before me on 19 <br />Partner(s), on behalf of -. <br />f a parinernhtp.` <br />Nota +v Pu6Hc <br />My commission expires <br />