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86- 106806 <br />ACKNOWLEDGMENT OF POWER OF SALE <br />LEGAL DESCRIPTION: GRAND ISLAND PROPERTY <br />Part of the Northeast one - quarter (NE 4) of of the Northeast <br />one - quarter (NE h) of Section 21 (S 21), Township 11 North (T 11 <br />N), Range 9 West (R 9 W),of the 6th P.M., described as follows: <br />Commencing at the Southwest corner of the intersection of Anna <br />and Eddy Streets, which streets are now established and in use; <br />thence Southwesterly along the South boundary of Anna Street, a <br />distance of 164.4 feet; thence Southeasterly at right angles, a <br />distance of 140.0 feet; thence Northeasterly at right angles, a <br />distance of 164.4 feet; thence Northwesterly along the Westerly <br />boundary of Eddy Street, a distance of 140.0 feet to the place of <br />beginning; said tract being a rectangular tract having a frontage <br />of 140.0 feet on Eddy Street, and a frontage of 164.4 feet on <br />Anna Street and; <br />The South (S) 119.9 feet of Lots 9 & 10 (L 9 & 10) of Block <br />3 (B 3), South Park Addition, Grand Island, Hall County, <br />Nebraska. <br />TO: FIRSTIER BANK, NATIONAL ASSOCIATION, LINCOLN, NEBRASKA <br />STATE OF NEBRASKA ) <br />)SS: <br />COUNTY OF LANCASTER ) <br />The undersigned duly authorized officer of Capitol Supply <br />Company on behalf of Capitol Supply Company, being first duly <br />sworn on oath, states as follows: <br />1. The undersigned is or will be providing security and a <br />guarantee under a certain Promissory Note to FirsTier Bank, <br />National Association, Lincoln, Nebraska as Trustee of the Capitol <br />Supply Company Disbursement Trust, and as security for such <br />Promissory Note from Elliot Supply, Inc., the undersigned will <br />execute and deliver a Deed of Trust covering the above described <br />property to FirsTier Bank, National Association, Lincoln, <br />Nebraska. <br />2. The undersigned understands and acknowledges that such <br />securing instrument is a Deed of Trust and not a mortgage and <br />that the power of sale contained in such Deed of Trust provides <br />substantially different rights and obligations to the undersigned <br />than a mortgage in an event of default or breach of obligation. <br />0— <br />