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ACK EDGMENT „ UO O 18 4 <br />I/ we, PATRICK W. PHELAN AND MARY M. PHELAN, HUSBAND AND WIFE ( "Trustor ") <br />under that certain Deed of Trust in the original principal aunt of <br />DOLLAR AND P 100 ---------- - - - - -- ($ 52,000.00 and <br />4 Deed of Trust to be entered into amoung Trustor,AREN, R:,, K, <br />( "Trustee ") and HOW .FEDERAL SAVINGS AND LOAN ASSC IAi CM, . WIND <br />ISLAND B ficiary" , covering the following described property: <br />LOT FIVE (5) CENTENNIAL GARDENS SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA: <br />hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by <br />Trustor is a trust deed and not a mortgage and (b) the power of sale provided for in the <br />Deed of Trust provides substantially different rights and obligations to the Trustor than <br />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 <br />Deed of Trust. <br />Executed and delivered this 14th day of January 19 85 <br />i <br />STATE OF NEBRASKA ) <br />COUNTY OF HALL <br />} § <br />The foregoing instrument was acknowledged before me this 14th day of January <br />19 , by PATRICK W, PHELAN AND MARY M. PHELAN, HUSBAND Af -ff-W M , <br />e <br />