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ACKNOWLEDGMENT <br />86- 106160 <br />]/We, 0 V. DEVELOPMENT INC. ( "Trustor ") <br />under that certain Deed of Trust in the original principal amount of SEVENTY THOUSAND AND NO/100 ------------- <br />-------- - - - - -- -------------------------------------- - - - - -- (s 70, 000.00 ) and dated <br />October -27, 1986 (Deed of Trust) to be entered into among Trustor, <br />AREND R. BAACK, attorney <br />("Trustee") and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION <br />OF GRAND ISLAND ( "Beneficiary"), covering the following described property: <br />LOT FIFTEEN (15) IN BOSSELMAN'S SECOND SUBDIVISION, AN ADDITION TO THE CITY OF <br />GRAND ISLAND, HALL COUNTY, NEBRASKA, SUBJECT TO EASEMENTS AND RESTRICTIONS OF RECORD. <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 27th day of October 19 RE <br />4--- <br />Trustor Raymo d O'Connor, President <br />Trustor Thomas L. Swiatoviak, Secretary <br />STATE OF NEBRASKA <br />SS <br />COUNTY OF HALL <br />The foregoing instrument was acknowledged before me this 27th day of October <br />19 86 by RAYMOND O'CONNOR AND THOMAS L. SWIATOVIAK _ <br />Witness my hand and no seal at Grand Island, Nebraska in said county, the date aforesaid. <br />My commission expires: `{�► t12� g1 <br />=814ttle d Math J, I <br />eti >rtt Notary Public <br />r.« <br />