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<br />_ . ACCEPTANCE AND ACKNOWLEDGMENT �
<br /> '. OF I.EASEHOLD D�EED OF TRUST BY KUEST�ft LAKE.INC.
<br /> � " �`"� ICuester Lake, Inc. ("Kuester"), a Nebraska corporation, hereby acknowledges
<br /> `.�
<br />-_ � ,. ., � receipt of a copy of the Leasehold Deed of Trust (attached hereto) and further
<br />-;:,,� ;�..,� acknowledges that the terms and conditions contained in the Leasehold Deed of Trust and
<br />_;; . . .�:� placed upon DelUert Steinwart and Jacqueline Steinwart (collectively, "Trustor") are
<br />�;��-�;��--•.;; acceptableto Kuester.
<br />>�.�-;; �:
<br /> �-._:�:�:��:�: .•. The Lease described in che ieasCl�uld B��f Trust commenced on May 1, 1994
<br /> �'-��-y,,::��c�. �'' and terminates on April 30, 2029, with an optian to extend the term, and relates to the
<br /> Y�- , •ti�: followin�described property:
<br /> j_'��_y�'-ii4ry ''��
<br />��{�`�y�Y i
<br /> s�.�.
<br />� . Lots 11 tind 12,having a lake frant footage of 100 Peet, and being on e
<br /> �C���h• .
<br />=-��T;;_...- �'est side of ihc Vdcsterly portion of Kuester 1.ake and heing �n a part o
<br />�'�:`;�F`:,, ' the East Half of the Sauthwest Quarter (El/2 SW1/4)of Section Thirteen
<br />-r>P--`N.� (13), Township Eleven (11) North,Range Nine(9),West of the 6th P.M.,
<br /> i�''��s�x'" in Hall County,Nebraska,bounded on the Westerly side by the common road;
<br />- -' v"W"� Kuester warrants to and covenants with Norwest Bank Nebraska, National
<br /> ��"`-" Association (the "Lender") that: (a) Kuester has duly executed and delivered to the
<br />'� Lender a true and correct copy of the Lease; (b) the Lease is valid and enforceable with
<br />��� respect to the Kuester and the Trustar in accordance with its terms; (c) the Trustor is in _
<br /> --�'�"� full compliance with the Lease as of the date shown below; (d) the Lease has not been
<br /> -=�s�f�:�� amended or modified(and will not in the future be amended or modified without the prior
<br />- - written consent of the Lender unless the Leasehold Deed of Trust has been satisfied);and
<br /> =�'�'-"'���� (d) Kuester has no claim defense, set off or other rights which would ef�'ect the
<br />—=�,��� enforceability of the Lease in accordance with its terms.
<br />-_�_:.�� -
<br />==`i�:__r"T� Kuester agrees that in the event the Lender exercises any one or more of its rights _
<br /> - '"'"" "� and remedies after an event of default under the Leasehold Deed of Trust, Kuester will
<br />_...,-.., �,;�.. � =
<br />'"��"�'� :�>. ;. permit the Lender ta convey and transfer (whether through foreclosure, equitable court -
<br /> ;, :..,,
<br />�:7:,'�� proceeding or otherwise) any right,title, and/or interest which the Mortgagor or Lender =-.
<br /> �.
<br /> may have or acquire under the Lease(or any other agreement with respect to the real �'.
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