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under that certain Dad of Trust in the original principal amount of One Hundred Sixty TIJou5and Dollars and no /loo------------------------------------------------------ 160,900.00 and dated July 30, 1986 (Deed of Trust) to be entered into among Trustor, Arend R. Baack 'T end and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND ( "Beneficiary"), covering the following described property: Lots One (1), Six (6), Seven (7), Ten (10) and Eleven (11) Warren Subdivision in the city of Grand Island, Hall County, Nebraska 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 sale 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 30th —day of JWl y 19 86 T i <DEVELOPMENT a - art Trustor arren B. Garre Trustor STATE OF NEBRASKA SS .COUNTY OF Ha 11 JJJ Theresa M. Garrett The foregoing instrument was acknowledged before me this 30th _ day of - --Ju y__ 19 86 ,by Warren B_ Garrett and Theresa M Garrett Witness my hand and notarial sea] at W , NF said county, the date aforesaid. My commission expires: December MMMYTHMMM ��tintiNotary Publ - - - - -' STATE OF NEBRASKA) SS COUNTY OF HALL ) The foregoing instrument was acknowledged before me this 30th day of July, 1986, by Tana Development Co. - Warren B. Garrett & Theresa M. Garret+,Partners. Witness my hand and notarial seal at Grand Island, NE in said county, the date aforesaid. My commission expires: 12 -26 -87 tlaart wraar -t�t.a r ww.w MtlteMr 1110 WetON No to ry i c Ilr tlu�a E� we lR 11p m.. I