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ACKNOWLEDGMENT <br />8640-1 105825 <br />I /We, Michael R. Phillips & Bonita R Phillip-q, H r, w ( "Trustor "), <br />under that certain Deed of Trust dated octoher 17. 14AF, , ( "Deed of <br />Trust ") to be entered into among Trustor, Ticnr Titlp Insurance Company- <br />("Trustee") and Superior Mortgage, Inc. ( "Beneficiary "), <br />covering the following described property: <br />LEGAL DESCRIPTION: <br />Lot Eighteen (18), in LeHeights Third Subdivision, Hall County, <br />Nebraska. <br />hereby acknowledge that it is understood that (a) the Deed of Trust to be <br />executed by Trustor is a trust deed and not a mortgage and (b) the power <br />of sale provided for in the Deed of Trust provides substantially different <br />rights and obligations to the Trustor than a mortgage in the event of a <br />default or breach of obligation. <br />Trustor acknowledges that this Acknowledgment was made prior to the <br />execution of the Deed of Trust. <br />Executed and delivered this 17th day of October 19 Af; <br />Tru t Michael R. Phillys <br />Trustor Bonita R. Phi gips <br />State of Nebraska ) <br />)ss. <br />County of Hall ) <br />The foregoing instrument was acknowledged before me this 17th day <br />of October 19 86 by Michael R. Phillips and Bonita R. Phillips, <br />Husband and Wife <br />Witness my hand and notarial seal at Grand Island.' in said <br />County, the date aforesaid. <br />Leo <br />My commission expires: �lsiai�,l�a� <br />7, 1 t4 Qi <br />o ary Pu c I —" <br />L <br />