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<br />ACKNOWLEDGMENT <br /> <br />88~04004 <br /> <br />I/We, DRACO, INC, a corporation <br />Iwenty IWO <br />under that5~:.r~_n_ ~:.d_I!~ !r:.u!:~n_t~: .?;i..8~~~ p.:~:T_a~ ~.?~~: ~~ _ _ _ _ _ _ __ __ <br /> <br />("Trustor") <br />Ihousand and no/1UU <br />($ 22,000.00 ) and dated <br />July 21, 19BB (Deed of Trust) to be entered into among Trustor, <br />Arend R. Baack ("Trustee") and HOME FEDERAL SA VINGS AND LOAN ASSOCIATION <br />OF GRAND ISLAND ("Beneficiary"), covering the following described property: <br /> <br />Lots One (1), Two (2) and Three (3), Block Forty (40) and the West half of <br /> <br />vacated Wheeler Avenue South of 4th Street, original town of Grand Island, <br /> <br />Nebraska, and storage building and facility situated on the Union Pacific <br /> <br />Railroad right-of-way property, <br /> <br />hereby acknowledge that it is understood that (a) the Deed of Trust to be el(ecuted by Trustor is a trust deed and not a <br />morlgage and (b) the power of sale provided for in the peed of Trusl provides sUbstantially different rights and obligations 10 <br />the Truslor than a mongage in the event of a default or breach of pbllgation, ~ <br />Trustor acknowledges that this Acknowledgment was made prior to the el((cutlon of the Deed of Trust. <br />El(eculed and delivered this 21 -l pf! Jul ,19 _' 8B <br /> <br />, "'\ <br /> <br /> <br />, <br />/ <br />/' ;,.S ~P~-c.-c-/ <br /> <br />Trustor <br /> <br />.-" <br /> <br />STATE OF NEBRASKA } <br />55 <br />COUNTY OF Hall <br /> <br />B The forelWina instrull\Cnt was acknmvleljged before /lie this <br />19~. by _am LinmITllnger and Lralg Vlj:lOnd <br />Witness my hand and notarial seal at Grand Island, Nebraska <br />My commission ellpires: '-;f...... l)-., I '-I, /, "!() <br /> <br />21 <br /> <br />day of <br /> <br />July <br /> <br />in said county, the date aforesaid. <br /> <br />.J:DMlIITAlYoSlallIII ..... <br />IAIiEl1t l BSEI <br />IIr CIM. EIJ ,..... 14. 11100 <br /> <br />(\ ~ K. Cj~~ <br />~ <br />