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<br />ACKNOWLEDGMENT OF DEED OF TRUST AS SECURITY INSTRUMENT
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<br />The following Deed of Trust to be entered into among Trustors, Joseph L. Parrella, Jr., and Shirley J.
<br />Parrella,
<br />husband and wife, John R. Brownell, Attorney at Law, NSBA #10472 (The Trustee), and Schuppan
<br />Enterprises, Inc., a Nebraska Corporation, (the Beneficiary), covering the property described below and hereby
<br />acknowledge that it is understood that
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<br />(a) the Deed of Trust to be executed by the Trustor is a trust deed and not a mortgage, and
<br />(b) the power of sale provided for in the Deed of Trust provides substantially different rights and
<br />obligations to the Trustor than a mortgage in the event of default or breach of obligation.
<br />Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of
<br />Trust.
<br />EXECUTED AND DELIVERED on �'- l3 , 2000.
<br />STATE OF NbbKASKA )
<br />ss:
<br />COUNTY OF HALL
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<br />The foregoing Acknowledgment of Deed of Trust was acknowledged before me on S
<br />2000, by Joseph L. Parrella, Jr., and Shirley J. Parrella, husband and wife.
<br />GENERAL MPTi1RYts Milo N
<br />JOHN R. BROWNJJ.
<br />EJ
<br />My Comm. Exp. Sept 6,
<br />[11144 •
<br />THIS DEED OF TRUST, is made on , 2000, by the following:
<br />TRUSTORS: Joseph L. Parrella, Jr., and Shirley J. Parrella, husband and wife, 3604 South Blaine,
<br />Grand Island, Nebraska 68801
<br />TRUSTEE: John R. Brownell, Attorney at Law, 231 South Locust Street, Grand Island, NE 68802
<br />BENEFICIARY: Schuppan Enterprises, Inc., a Nebraska Corporation, 1818 Roberta Avenue, Grand
<br />Island, Nebraska 68801
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms
<br />and conditions of this Deed of Trust, the real property located in the County of Hall, State of Nebraska, and
<br />legally described as follows (the "Property "):
<br />Lot Six (6), Meadowlark Estates Subdivision, Hall County, Nebraska.
<br />TOGETHER WITH all rents, easements, appurtenances, hereditaments, interests in adjoining roads,
<br />streets and alleys, improvements and buildings of any kind situated thereon and all personal property that may
<br />be or hereafter become an integral part of such buildings and improvements, all crops raised thereon, and all
<br />water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as
<br />the "Trust Estate ".
<br />FOR THE PURPOSE OF SECURING:
<br />A. Payment of indebtedness in the total principal amount of Two Hundred Thousand Dollars ($200,000),
<br />with interest thereon at the rate of 11.00% per annum, as evidenced by that certain Promissory Note
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