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At <br />LEDGMENT 85- 104279 <br />FRANKS HUSBAND AND WIFE ( "Trustor ") ' <br />under that certain Deed of Trust in' the original principal amount of Fifty Four Thousand and no /100 --- - - - - -- <br />---= - - - - -- - - - - -- ------------ - - - - -- - -- -- (` 54,000.00 )and dated <br />July ; 31. 1986 (Deed of Trust) to be entered into among Trustor, <br />Arend R. Baack, Attorney At Law <br />("Trustee") and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION <br />OF GRAND ISLAND ( "Beneficiary"), covering the following described property: <br />A'TRACT OF LAND IN THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER (NW4NEQ OF SECTION' <br />TWENTY -NINE (29), IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE SIXTH P.M., <br />MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT 33.0 FEET WEST AND 601.0 FEET <br />SOUTH OF THE NORTHEAST CORNER OF SUCH NORTHWEST QUARTER OF THE NORTHEAST QUARTER (NWQNEQ ; <br />THENCE RUNNING WESTERLY AND PARALLEL TO THE NORTH LINE OF SUCH NORTHWEST QUARTER OF THE <br />NORTHEAST QUARTER (NW;NE;), A DISTANCE OF 150.0 FEET; THENCE NORTHERLY AND PARALLEL TO THE <br />EAST BOUNDARY OF SUCH SECTION A'DISTANCE OF 90.0 FEET: THENCE EASTERLY AND PARALLEL TO THE <br />NORTH BOUNDARY OF SUCH SECTION A DISTANCE OF 150.0 FEET; THENCE SOUTHERLY AND PARALLEL TO <br />THE EAST LINE OF SUCH SECTION A DISTANCE OF 90.0 FEET, TO THE POINT OF BEGINNING: <br />AND, LOT EIGHT (8) AND THE EASTERLY TEN FEET (10') OF LOT SEVEN (7), BLOCK TWO (2) <br />IN SECOND ADDITION TO HOLCOMB'S HIGHWAY HOMES SUBDIVISION, LOCATED ON A PART OF THE NORTH - <br />EAST QUARTER OF THE NORTHEAST QUARTER (NE,NEQ OF SECTION TWENTY -EIGHT (28), TOWNSHIP <br />ELEVEN (11), NORTH, RANGE NINE (9), WEST OF THE 6TH P.M. <br />hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a <br />mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to <br />the Trustor than a mortgage in the event of a default or breach of obligation. <br />Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. <br />Executed and delivered this 31st day of July _ . 19 86 <br />STATE OF NEBRASKA <br />SS <br />COUNTY OF Hall <br />The foregoins instrument was acknowlt <br />19 86,by KEITH R. FRANKE AND <br />Witness my hand and notarial seal at <br />My commission expires: 1/ —)-3 <br />X�=O*_ILZ <br />rr° " °` ((EITH R. FRANKED <br />rrustor GERTRUDE L. FRANKE <br />Notary Public <br />