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ACKNOWLEDGMENT OF UNDERSTANDING <br />OF <br />DEED OF TRUST WITH POWER OF SALE 85-- 0044,156 <br />The undersigned Borrower(*), Vernon D. & Patricia A. Bredthauerunderstand (s) that the <br />undersigned Ware being asked to act as Trustor (s) In a proposed Trust Dead with Power of Sale wherein the <br />Bw* of "Doniphan Is Beneficiary, which Trust Deed will secure payment of a loan to be made by the Bank of <br />Donlpilw to the undersigned in the amount of One Hundred Fifty Thousand & no /100ths <br />(s 150.000.00 ), acknoweedge(O Legal Descriptions are attached and <br />1. 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 Dead 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. Wall 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 />Dili" a 16th day f July ,19 $5 , at o'clock P M. <br />(�f or( rower) <br />Trustor(Swowbn <br />Vernon D.�Jredthauer Patricia A. 3redthauer <br />Trustor (Borrower) Trustor (Borrower) <br />STATE OF Nebraska <br />ss: <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me this 16th day of JulY _19 <br />5 , <br />by Vernon D. & Patricia A. Bredthauer, husband -inc' d . .4 <br />U;My ERAL 001ANY -Stan d kalnsaa <br />GEORGE W. HOWARD <br />Comm, UP. April 21,1988 <br />(TO BE USED IF TRUSTOR IS A CORPORATION) <br />STATE OF ) <br />) sa. <br />COUNTY OF The foregoing acknowledgement was acknowledged before me on <br />by <br />a <br />(rn(e) <br />Corporation, on behalf of the corporation. <br />Notary Public <br />My commission expires <br />(TO BE USED IF TRUSTOR IS A PARTNERSHIP) <br />STATE OF <br />ss. <br />COUNTY OF <br />The foregoing acknowledgement was acknowledged before me on <br />Partner(s), on behalf of– <br />partnership. <br />L <br />Notary Public <br />My commission expirese____". <br />19________ <br />19_, —__., by <br />01111-0111 H-1,1 NI t1d8,Q <br />J <br />