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ACKNOWLEDGMENT OF UNDERSTANDING <br />OF <br />DEED OF TRUST WITH POWER OF SALE 86-- 102955 <br />The undersigned Borrower (s), Charles R. Witt and Erma M. Wi tt, Husband ,`AdAhAd (s) that the <br />undersigned IS/are 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 Seventy Four Thousand and No /100 <br />(s 74,000.00 --),acknowledge(s): Lots Seven (7) and Eight (8) in Block Two (2) <br />in the Original Village of Doniphan, Hall County, <br />1. Well understand that the document to be executed Is a Trust Deed and not a mortgage. Nebraska. <br />Z. Well understand that the POWER OF SALE provided for In the Trust Dead 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 4th dayof June '19 86 at 10.00 o'clock A• M. <br />Trustor (Borrower) <br />Trustor (Borrower) <br />Trustor (Borrower) ] j <br />Trustor (Borrower) <br />STATE OF Nebraska ) <br />ss: <br />COUNTY OF HALL <br />The foregoing instrument was acknowledged before me this 4th day ofJune _, 19 8 <br />by Charles R. Witt and Erma M. Witt <br />I WLLiIi,N�rf f- Sts44o rA.lNobseA& /J / <br />�cvnRK �11V. f111G � - J/ ✓� /)a -- <br />IYtt ER NY 27,194 Notary Public <br />(TO BE USED IF TRUSTOR IS A CORPORATION) <br />STATE OF ) <br />COUNTY OF ss. <br />J <br />The foregoing acknowledgement was acknowledged before me on <br />by — <br />STATE OF-- <br />COUNTY OF_ <br />(Title) <br />Corporation, on behalf of the corporation. <br />Notary Public <br />My commission expires <br />(TO BE USED IF TRUSTOR IS A PARTNERSHIP) <br />} <br />) ss. <br />The foregoing acknowledgement was acknowledged before me on <br />a partnership. <br />-- - -__--- --_... 19_ by <br />Partner(s), on behalf of, <br />Notary r Public <br />My commission expires <br />f <br />