88100017 - Laserfiche WebLink

Browse

100017 88-= I ACKNOWLEDGMENT ~~ Pursuant to the provisions of Section 76-1005, R.R.S. Nebraska, 1943, as amended, and before executing the Trust Deed hereinafter described, the undersigned, ELLIOT SUPPLY, INC., a Nebraska corporation, successor in interest to CAPITOL SUPPLY COMPANY, a Nebraska corporation, hereby acknowledges to ALBERT M. NEPOMNICK and BERNARD ALTSULER, collectively referred to as the "Beneficiary" in the Trust Deed hereinafter described, as follows: 1. That the undersigned is and deliver a certain Trust Deed cribed real property: about to execute, acknowledge conveying the following des- A part of the Northeast Quarter of the Northeast Quarter of Section 21, Township 11 North, Range 9, West of the 6th P.M., in Hall County, Nebraska, more particularly described as follows: Beginning at the Southwest corner of the inter- section of Anna and Eddy Streets, which streets are now established and in use, thence Southwest- erly along the Southerly boundary of Anna Street, a distance of 164.2 feet (recorded as 164.4 feet); thence Southeasterly, parallel with the Westerly boundary of Eddy Street, a distance of 140.0 feet; thence Northeasterly, parallel with the Southerly boundary of Anna Street, a distance of 164.2 feet (recorded as 164.4 feet), to a point on the Westerly boundary of Eddy Street; thence Northwesterly along and upon the Westerly boundary of Eddy Street, a distance of 140.0 feet, to the point of beginning; and the Southerly 119.9 feet of Lots 9 and 10, in Block 3, South Park Addition to the City of Grand Island, as surveyed, platted and recorded in Hall County, Nebraska. together with all buildings, fixtures, improvements and appurte- nances thereunto belonging, which Trust Deed is being given to secure two (2) Promissory Notes of even date herewith from the undersigned to the Beneficiary. 2. That the undersigned understands that the document it is about to execute is a Trust Deed, and not a real estate mortgage, and that said Trust Deed contains a power of sale. r-- L 3. That the undersigned understands that the power of sale provided for in the Trust Deed provides substantially different rights and obligations to the undersigned than a mortgage in the event of a default or breach of any of the obligations contained in the promissory Note and/or Trust Deed. (