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ACKNOWLEDGMENT OF UNDERSTANDING <br />OF <br />DEED OF TRUST WITH POWER OF SALE <br />r 8�� .001615 <br />r <br />The undersigned Borrower is), I nu;c R FngPf and 1nQvrP N FngP1 , understand (s) that the <br />undersigned Is/are being asked to act as Trustor (s) In a proposed Trust Deed with Power of Sale 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 />Donlphan to the undersigned In the amount of Forty -Seven Thousand and No/ 100 <br />(s 47.000.00 , acknowledge (s): <br />I. Well understand that the document to be executed is a Trust Deed and not a mortgage. <br />2. Well understand that the POWER OF SALE provided for In the Trust Deer' Drovides 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 20th day of March <br />. 19 85 , at o'clock M. <br />ruator(Borro er) Trustor (Borrower) <br />Trust (Borrower) <br />Trustor (Borrower) <br />STATE OF_ Nebraska <br />COUNTY OF HALL Na 11 1 ss. p <br />The foregoing instrument was acknowledged before me this _-24 _4 day of mil✓ _ 19 �%� <br />by Louis R. Engel and Joyce N. Engel <br />,;n,r ^et MM�1�aNM�arhaNa �� <br />'E lid <br />rry Cea� Era fa►17.1w � � <br />Notary Public <br />(TO BE USED IF TRUSTOR IS A CORPORATION) <br />STATE OF ) <br />COUNTY OF________ ) ss. <br />The foregoing acknowledgement was acknowledged before me on <br />by <br />(Title) <br />a "° -- -- --- — ---___ Corporation, on behalf of the corporation. <br />Notary Public <br />My commission expires <br />19 <br />(TO BE USED IF TRUSTOR IS A PARTNERSHIP) <br />STATE OF `) <br />COUNTY <br />The foregoing acknowledgement was acknowledged before me on - - 19__.__.______ <br />by <br />_... _... - -__.. - ---- -------- <br />a partnership. Partner(s), on behalf of <br />_ _.._. <br />0- - . ___..._.. - - <br />Nota�yPubllc .__. .__.._. -... <br />My rommission empires <br />J <br />li <br />