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8s-r� 004216 <br />ACKNOWLEDGEMENT <br />I /We, Gene A. Schacher and Pamela S Scha her ( "Borrower "), <br />under that certain Deed of Trust dated August 30. 1985 , <br />( "Deed of Trust ") to be entered into among <br />Borrower, Omaha National Bank ( "Trustee ") and <br />FirsT er Mortgage o Mender*), covering <br />the following described property: <br />Lot Six (6), Block Eight (8), in Parkhill Second Subdivision, <br />an Addition to the 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 />Executed and delivered this 30th day of August <br />19 85 <br />Borrower GENF. A. SCHACHER <br />Borrower "AMF.LA S. SCHACHER <br />State of Nebraska ) <br />) yS. <br />County of Hall ) <br />The foregoing instrument was acknowledged before me <br />this Loth day of _A,,kust , 19 85 , by Gene A. Schacher <br />and Pamela S. Schacher <br />Witness; my hand and notarial seal at Grand Island <br />in said County, the date aforesaid. <br />My commission expires: <br />X on 4$VM - 1#"* 81 1 1 <br />DAM <br />I M <br />WffA JN' <br />October I0, 1988 <br />Notary Public SHARON L. BAKER <br />M <br />