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ACKNOWLEDGMENT 85-- .004821 <br />I /We, CLARK W REESE AND KAREN L REESE husband and wife ( "Trustor ") <br />under that certain Deed of Trust in the original principal amount of _SIXTY TWO THOUSAND FIVE HUNDRED <br />-DOLLARS MD NO /100 ------------------------------------- - - - - -- (S 62, 500.00 and dated <br />October 1. 1985 (Deed of Trust) to be entered into among Trustor, <br />AREND R. BAACK, ATTORNEY AT LAW ( "Trustee ") and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION <br />OF GRAND ISLAND ( "Beneficiary"), covering the following described property: <br />THE WESTERLY THIRTY EIGHT (38) FEET OF LOT FOUR (4), AND ALL OF LOT FIVE (5), IN BLOCK <br />NINETEEN (19), IN MORRILL'S ADDITION TOTHE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA <br />hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a <br />mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to <br />the Trustor than a mortgage in the event of a default or breach of obligation. <br />Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. <br />Executed and delivered this 1st day of October 19 85 <br />Truslor CLARK W. REESE <br />Truslor KAREN \L. REESE <br />STATE OF NEBRASKA J <br />SS <br />COUNTY OF Hal i <br />The foregoing instrument was acknowledged before me this ___15� <br />day of - October_._ <br />19 _85 by CLARK W <br />REESE AND KAREN <br />L REESE- HUSBAND —AND WIFE <br />Witness my hand and notarial seal at Grand- Island <br />in said county, the date aforesaid. <br />My commission expires:..It <br />jrr <br />E>IMESA -_ <br />wdltttEllb <br />J-I_. <br />/n:- L <br />wary Public <br />R <br />