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ACKNOWLEDGMENT'OF UNDERSTANDING <br />OF <br />DEED OF TRUST WITH POWER OF SALE <br />86- .10600,V <br />r.. <br />The undersigned Borrower (s), Theodore J. Robb, Single , understand (*).that the <br />undersigned lsfars being asked to act as Trustor (a) in a proposed Trust Deed with Power of tolis wherein the <br />Bank of Doniphan Is Beneficiary, which Trust Deed will secure payment of a loan to be made by the Bank of <br />Doniphan to the undersigned in the amount of Fifty Three Thousand Seven Hundred Fifty Two and 981100 <br />(: 53-752.911 _),acknowledge(s): (See legal attached) <br />1. Well understand that the document to be executed Is a Trust Deed and not a mortgage. <br />P. WTI understand that the POWER OF SALE provided for in the Trust Deed orovides me with sub- <br />stantially different rights and obligations in the event of a default or breach of obligation than the <br />rights and obligations provided me in a mortgage. <br />3. Well have had an opportunity to read the proposed Deed of Trust with Power of Sale, but we are <br />signing this acknowledgment first, before we are asked to sign the Deed of Trust. <br />Dated this 17 day of October 19_g6 at 1.00 o'clock P.M. <br />Trustor (Borrower) <br />Trustor (Borrower) Trustor (Borrower) <br />STATE OF Nebraska ) <br />)ss. <br />COUNTY OF HALL Hall ) <br />The foregoing instrument was acknowledged before me this 17th day of October 19 86 <br />by Theodore J. Robb <br />6E K Notary Public <br />wCllwltLFtM.27,11Ii � <br />Lot Eight (8) and the Southerly One Half of Lot Seven (7) Block (1) in Second Addition <br />to Holcomb's Highway Hoes Subdivision in the NE }NE} of Section Twenty Eight (28) <br />Township Eleven (11) North, Range (9) West of the 6th P.M., Hall County, Nebraska. <br />COUNTY OF } <br />The foregoing acknowledgement was acknowledged before me on <br />by <br />a <br />(Title) <br />Corporation, on behalf of the corporation. <br />Notary Public <br />My commission expires <br />(TO BE USED IF TRUSTOR IS A PARTNERSHIP) <br />19 __ <br />STATE OF ) <br />) ss. <br />COUNTY OF ) <br />The foregoing acknowledgement was acknowledged before me on 19 by <br />Partner(s), on behalf of <br />a partnership. <br />Notary Public <br />