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L <br />85" 008489 <br />ACKNO"II,ENGEKENT <br />I /Mgj Douglas W. Smith <br />under that certain Deed o! Trust dated July 22, 1988orrowe ")' <br />--� _. ( "Deed of Trust ") to be entered into <br />Borrower, Omaha National Bank among <br />FirsTier Mor gage o. ( "Trustee ") and <br />the following described party <br />ro ( "Lender "), covering <br />P : <br />The Westerly One -Half M) of Lots Thirteen (13) and Fifteen (15) <br />in Block Eleven (11), in College Addition to West Lawn, in the <br />City of Grand Island, Hall County, Nebraska. <br />hereby acknowledge that it is understood that (a) the Deed <br />of Trust to be executed by Borrower is a trust deed and not <br />a mortgage and (b) the power of sale provided for in the <br />Deed of Trust provides substantially different rights and <br />obligations to the Borrower than a mortgage in the event of <br />a default or breach of obligation. <br />Borrower acknowledges that this Acknowledgement was <br />made prior to the execution of the Deed of Trust. <br />19 85 Executed and delivered this 22nd day of July <br />rro r DOI)GLAS W. SM <br />Borrower <br />State of Nebraska ) <br />) ss. <br />County of Hall ) <br />The foregoing instrument was acknowledged before me <br />this 22nd day of July 1985 <br />W. Smith , by Douglas <br />Witness my hand and notarial seal at Grand Island <br />in said County, the date aforesaid. <br />My commission expires: October 10, 1988 <br />� ftwd / <br />a 1 <br />Mr=M ft� 3M Notary Public SHARON L. BAKER <br />J <br />