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ACKNOWLEDGMENT 86- 107354 <br />I /Wei Michael R. Nichols and LaJean M. Nichols, Husband and Wife ( "Trustor ") <br />under that certain Deed of Trust in the original principal amount of Three tousand , Six Hundred Seventy <br />Six an 101100--------------------------------------- - - - -(S 3,676.10 ) and dated <br />to <br />(Deed of Trust) to be entered into among Trustor, <br />Arend R. Baack ( "Trustee ") and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION <br />OF GRAND ISLAND ("Beneficiary "), covering the f ollowing described property: <br />LOT NINETEEN (19), IN BLOCK THREE (3), IN OLDE MILL SUBDIVISION, CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA. <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 17th __day of December 19 86 <br />rrustor Michael �. Nichols <br />Trumor — ^a'� an_ M. N1CjiZs <br />STATE OF NEBRASKA I SS <br />COUNTY (! Hall <br />The foregoing instrument was acknowledged before me this __.1;ui day of _ Dprowho r <br />LaJean M. Nichols, Husband and Wife <br />Witness my hand and notarial seal at Grand Island, Nebraska in said county, the date aforesaid. <br />My commission expires: _ Z e� a <br />6fiEA& 10fiii sutr it && - <br />IAMY & Stl *RBM <br />Notary Publa 1 <br />