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11 <br />F <br />ACKNOWLEDGMENT OF UNDERSTANDING 86-- 103477 <br />OF <br />DEED OF TRUST WITH POWER OF SALE <br />The undersigned Borrower (s), nale ,y ganman and Karen A- Bauman, husbanun�erstande( §) that the <br />undersigned islare being asiced to act as Trustor (s) in a proposed Trust Deed with Rawer of Sale wherein the <br />Bank of Doniphan Is Beneficiary, which Trust Deed will secure payment of a loan to be made by the Bank of <br />Doniphan to the undersigned in the amount of Seventy Five Thousand and No /100 <br />(= 75,000.00 acknowledge (s): (See Legal attached) <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 Deed provides 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. Well have had an opportu <ty 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 />Dated this 25th day of June , 19-36--, at 9 o'clock _ A M. <br />Trustor (Borrower) I Trustor (Borrower) <br />Trustor (Borrower) Trustor(8orrower) <br />STATE OF Nebraska ) <br />} ss: <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me this 25th day of <br />by Dale J. Bauman and Karen A. Bauman <br />rXBIt 11IA�E Or CM E* <br />&L 27, Notary Public <br />Part of Lot Seven (7) of the County Subdivision of part of the South Half (S#) <br />of Section Five (5), Township Nine (9) North, Range ;line (9) West of the 6th <br />P.M., more particularly described as follows: Beginning at a point 28.1 feet <br />West of the Southeast Corner of Lot Seven (7); thence running Northerly along <br />a line 28.1 feet West of and parallel to the East Line of Lot Seven (7) a <br />distance of One Hundred (100) Feet; thence running Westerly parallel to the <br />Northerly Boundary Line of said Lot Seven (7) a distance of Two Hundred (200) <br />feet; thence running Southerly and parallel to the Easterly Boundary Line of <br />said Lot Seven (7) a distance of One Hundred (100) Feet; thence running Easterly <br />along and upon the Southerly Boundary Line of said Lot Seven (7) a distance of <br />Two hundred (200) Feet to the point of beginning. <br />and <br />The Easterly Forty One and One Half (412) Feet of Lot Fifteen (15), Bartelt <br />Subdivision, Village of Doniphan, Hall County, Nebraska. <br />I <br />