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a ACKNOWLEDGEMENT to be entered into among Trustor, Firs1lar Bank, Natlwial Association, Omaha, Nebraska ("'ItustoW') and FtrsTw Bank, National Association, Omaha, Nebraska ("Beneficiary") covering the following described property: LEGAL DESCRIPTION: A piece or parcel of land situated in the Northeast Quarter (NE4) of Section Twenty One(21), Township Eleven (11) North, Range Nine (9) West of the 6th P.M. and more particularly described as follows; Commencing at a point Sixty (60) feet due North of the Northeast Corner of Lot One (1), of William Frand Addition to the City of Grand Island, Nebraska; thence running due North on a line Thirty Three (33) feet West of the center line of South Locust Street in said City for a distance of One Hundred (1-00) feet; thence running due West at right angles with said Locust Street for a distance of Eight-Five (85) feet; thence running due South parallel with said South Locust Street for a distance of One Hundred (100) feet; thence running due East for a distance of Eighty-five feet (851) to the place of beginning, excepting a certain tract owned by the City of Grand Island, State of Nebraska as shown in Return of Appraisers recorded in Book 22, Page 9. (Subject to Mortgage of Record to First Federal Safings and Loan Association of Lincoln in the amount of $38,000.00 filed as Document #83-002656 in the Register of Deeds Office in Hall County, Nebraska.) hereby acknowledge that it is understood that (a) the Deed of Trust to be excuted by Trustor is a trust dead and not a mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially dif- ferent rights and obligations to the Trustor than a mortgage in the event of a default or breach of obligation. Trustor acknowledges that this Ack meat was made prior to the execution of the Deed of Trust. Executed and delivered thi day of Trustor rl(Auhr C C W% 101" VW IM 1