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85- 004580 <br />ACKNOWLEDGMENT <br />I/We, Ralph E. Austin, Jr. and Erma M. Austin, Husband and Wife ( "Trustor"), <br />under that certain Trust Deed dated AuEust 27, 1986 , (Trust Deed ") <br />to be entered into amDulg Trustor, Norwest Bank Grand Island, National Association <br />■ <br />{Trustee " ) and Norwest Bank Grand Island National Association ("Beneficiary"), <br />covering the following described property: <br />LEGAL DESCRIPTION: <br />Lot Nine (9) in Block Fifteen (15) of H. G. Clark's Addition to the <br />City of Grand Island, Nebraska. <br />Hereby acknowledge that it is understood that (a) the Trust Deed to be executed by Trustor <br />Is a trust deed and not a mortgage and (b) the power of sale provided for in the Trust <br />Deed provides substantially different rights and obligations to the Trustor than a mortgage <br />in the event of a default or breach of obligation. <br />Trustor acknowledges that this Acknowledgment was made prior to the execution of <br />the Trust Deed. <br />Executed and delivered this ;rn day of Ausu *_ lgas <br />Trustor kalrir E. Austin, Jr. <br />stor Lana M. Austin <br />State of Nebraska ) <br />County Of Hall ss. <br />The foregoing instrument was acknowledged before me this ''''t1 day of <br />Are,ust , 19 Bb , by Raiph E. Austin, and Ei�n�, M. A!�.r;t�n i <br />is�'i,an i anc) Hifc. <br />Witness my hand and notarial seal at crancl isl;,nd <br />in Said County, the date aforesaid 'r "mss. <br />IV commission expires <br />9 /1 /d4 <br />—i <br />