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CM i SAL MCOLlN <br />ACKNOWLEDGEMENT <br />85-...005366 <br />I /We, Arthur D. Borgmann and Karen J. Borgmann, husband and wife <br />( "Trustor "), under that certain Deed ot Trust dated October 25, 1985 , <br />( "Deed of Trust ") to be entered into among Trustor, Joseph H. Badami <br />("Trustee") and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN <br />( "Beneficiary "), covering the following escri e property: <br />LEGAL DESCRIPTION: <br />Lot 14, Block 5, in Boggs and Hill's Addition to <br />Grand Island, Hall County, Nebraska. <br />hereby acknowledge that it is understood that (a) the Deed of Trust <br />to be executed by Trustor is a trust deed and not a mortgage and <br />(b) the power of sale provided for in the Deed of Trust provides <br />substantially different rights and obligations to the Trustor than a <br />mortgage in the event of a default or breach of obligation. <br />Trustor acknowledges that this Acknowledgement was made prior to <br />the execution of the Deed of Trust. <br />Executed and delivered this <br />State of Nebraska ) <br />ss. <br />County of Hall ) <br />25th day of October 19 85 <br />Trustor Arthur D. Borgmann <br />Trustor Karen J. Borgmann <br />The foregoing instrument was acknowledged before me this 25th <br />day of October , 19 85 , by <br />Arthur D. Borgmann and Karen J. Borgmann, husband and wife <br />Witness my hand and notarial seal at Grand Island, Nebraska <br />in said County, the date aforesaid. <br />My coumission expires: <br />M M M -SUTA of Nduuta <br />COWMt S. BALES <br />Mr CM& Fry, Oct tt.19L <br />845A <br />October 11, 1989 <br />r <br />Notary Public <br />L� <br />U <br />