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96 103219 <br />F 9M MUM <br />ACKNOWLEDGEMENT <br />I /We, Roger D. Frandsen and Julie R. Shaver - Frandsen, husband and wife, <br />( "Trustor "), under that certain Deed of Trust dated June 9, 1986 <br />("Deed of Trust") to be entered into among Trustor, joeeph R. Badem <br />("Trustee") and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN <br />( "Beneficiary "), covering the o owing escra a property: <br />LEGAL DESCRIPTION: <br />The Westerly Thirty -Three (W33') Feet of Lot Thirteen (13) and the Easterly <br />Twenty -Six (E26') Feet of Lot Twelve (12) Block Three (3), in Cunningham <br />Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska. <br />hereby acknowledge that it is understood that (a) the Deed of Trust <br />to be executed by Trustor is a trust deed and not a mortgage and <br />(b) the power of sale provided for in the Deed of Trust provides <br />substantially different rights and obligations to the Trustor than a <br />mortgage in the event of a default or breach of obligation. <br />Trustor acknowledges that this Acknowledgement was made prior to <br />the execution of the Deed of Trust. <br />Executed and delivered this _ 9th day of June , 19 86 <br />Trustor <br />Roger D. Frandsen <br />1:rustor <br />Julie R. Shaver- Frandsen <br />State of Nebraska ) <br />ss. <br />County Of Hall ) <br />The foregoing instrument was acknowledged before me this 9th <br />day of June , 19 86 , by <br />Roger D Frandsen and Julie R. Shaver - Frandsen, husband and wife, <br />Witness my hand and notarial seal at Grand Island <br />in said County, the date aforesaid. <br />My commission expires: <br />845A <br />OW40 N Nelda: <br />Notary Public <br />U <br />I <br />