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86-- 102403 <br />ACKNOWLEDGMENT <br />Pursuant to &76- 1005(2) R.R.S., 1943, as Amended. <br />The undersigned proposed Trustor under that certain Deed of <br />Trust dated, or to be dated, the / day of May, 1986, in <br />which: <br />1. The Trustee under the Deed of Trust is: <br />John A. Wolf <br />Suite 201, Norwest Bank Bldg. <br />P. O. Box 460 <br />Grand Island, NE 68802; <br />2. The Beneficiary under the Deed of Trust is: <br />West Third Development Corp., Inc.; <br />3. The principal amount of the Promissory Note <br />secured by the creed of Trust is: $25,000.00 <br />4. The real estate described in the Deed of <br />Trust is the following property located in Hall County, <br />Nebraska: <br />The Northeast Quarter of the Southeast Quarter (NE <br />1/4 SE 1/4) of Section Three (3), Township Nine <br />(9), Range Ten (10) West of the 6th P.M., Hall <br />County, Nebraska, located in the Southplatte <br />Township consisting of 40 acres more or less; <br />hereby acknowledges that the undersigned Trustor understands <br />that: <br />(a) The document to be executed is a trust deed <br />and not a mortgage; <br />(b) The power of sale provided for in the trust <br />deed provides substantially different rights and obli- <br />gations to the Trustor than a mortgage in the event of <br />default or breach of obligation; and <br />(c) This form was signed prior to the signing of <br />the Deed of Trust. <br />i- <br />Trustor <br />Trustor <br />STATE OF NEBRASKA) <br />) ss. <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me, a <br />Notary Public, this / day of May, 1986, by Ronald C. Krauss <br />and Vada Krauss, husband and wife. <br />i" <br />Nota�}+ ublic <br />RAI <br />l� <br />