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ACKNOWLEDGMENT 86`103653 I/We, LARRY J- KFI LY AND ARCED F KFf l y uUSRAND AND WIFE ( "Trusts: ") under that certain Deed of Trust in the original principal amount of NINETY ONE THOUSANn TWO HIINDRFD DOLLARS AND NOIj00 - -- _ -__- (S_m mnn nn ) and dated June 20 186 - (Deed of Trust) to be entered into among Trustor, AREND R RA jjCK_ A orn y _*L ( "Trustee ") and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND ( "Beneficiary"), covering the following described property: THE EAST HALF OF THE SOUTHEAST QUARTER (Ex�SEIQ , THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER (SW;SE%), AND THE EAST FIFTEEN (15) ACRES OF THE SOUTHEAST QUARTER OF THE SOUTH - WEST QUARTER (SE4SW14), SECTION ONE (1), TOWNSHIP ELEVEN (11), RANGE NINE (9), HALL COUNTY, NEBRASKA, EXCEPT UNION PACIFIC RAILROAD RIGHT -OF -WAY, AND EXCEPT A STRIP ONE (1) ROD WIDE OFF THE WESTSIDE OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER (SW;SE), AND EXCEPT THAT PART OF THE SOUTH HALF OF THE SOUTHEAST QUARTER (S ?5SEsi) DEEDED TO THE GEER COMPANY, A CORPORATION, BY WARRANTY DEED RECORDED IN BOOK 95, OF DEEDS AT PAGE 437, AND TO GEER SALES, INC., A CORPORATION, BY WARRANTY DEED RECORDED IN BOOK 115 OF THE DEEDS AT PAGE 457 AND TO GEER COMPANY BY WARRANTY DEED RECORDED IN BOOK 158, OF DEED RECORDS AT PAGE 243 AND TO WILBUR DONALD HILLMAN BY WARRANTY DEED RECORDED IN BOOK 180 OF DEED RECORDS AT PAGE 237 OF THE OFFICE OF THE REGISTER OF DEEDS OF HALL COUNTY, NEBRASKA, ALSO EXCEPTING THEREFROM A CERTAIN TRACT OF LAND MORE PARTICULARLY DESCRIBED IN WARRANTY DEED RECORDED AS DOCUMENT NO. 81- 001758 hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mortgage and (b) the power of We provided for in the Deed of Trust provides substantially different rights and obligations to the Trustor than a mortgage in the event of a default or breach of obligation, Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this _- lQt11__-- _ - - - -- ____,day of ,lli,"]1=- - - - - -- 19 -SAE--_ t rrst�, LARRY J : KEL Y rj °5O ARLENE F. KELLY STATE OF NEBRASKA S5 COUNTY OF HALL The foregoing instrument was acknowledged before me this _ 10th _ day of 19 86 by LARRY J_. KELLY AND _ARLENE F. (CELL , HUSBAND_AND WIFE - - - -- Witness my hand and notari sea[ at .____Grand IS18rd _ in said county, the date aforesaid. My commission expires: J j !!!! ttwttnu ttawn -y,.,. � D.b.M. A10" McCtJ11 n - -- -- ! - ✓ my a am D* *15, 101 tan• Puhiic