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86 10628 ACKNOWLEDGMENT <br />I /We, James S. Reed & Precious A. Reed, Husband & -Igife ( "Trustor ") , <br />under that certain Deed of Trust dated October 31. 1986 ( "Deed of <br />Trust ") to be entered into among Trustor, Ticor Title Insurance Company <br />( "Trustee ") and Superior Mortgage, Inc. ( "Beneficiary ") <br />covering the following described property: <br />LEGAL DESCRIPTION: <br />Int One (1), Double R Second Subdivision, in the City of Grand island, <br />Hall County, 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 list_ day of October , 1986 <br />T or James S. Reed <br />Trustor Precious A. Reed <br />State of Nebraska ) <br />) ss. <br />County of HJUL ) <br />The foregoing instrument was acknowledged before me this 31st day <br />of October , 19 86 by James S. Reed and Precious A. Rees, Husband & <br />Wife <br />Witness my hand and notarial seal at Grand Island,'NE in said <br />County, the date aforesaid. <br />My commission expires:_ Z —aq - jib <br />V1 4!VOLKEM <br />ft Jw 21 <br />NotarOy Public <br />I <br />