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ACKNOWLEDGEMENT OF TRUST DEED 85,008119" <br />STATE OF NEBRASKA X <br />COUNTY OF HALL I KNOW ALL MEN BY THESE PRESENTS: <br />X <br />THAT, GRAND ISLAND MALL, LTD., a Nebraska limited <br />partnership ( "Trustor "), will this day execute that certain <br />Deed of Trust and Assignment of Rents for the benefit of <br />MAINLAND SAVINGS ASSOCIATION ( "Beneficiary ") to secure that <br />certain Promissory Note, of even date herewith, payable to <br />Beneficiary, in the original principal amount of <br />$7,200,000.00, covering the following described property, <br />to -wit: <br />Lots One (1) and Six (6), Grand Island Mall Sixth <br />Subdivision, in the City of Grand Island, Hall <br />County, Nebraska. <br />Trustor acknowledges that such instrument is a Trust <br />Deed and not a Mortgage and, as such, the power of sale <br />provided for therein may grant substantially different <br />rights and obligations to Trustor than a Mortgage in the <br />event of a default or breach of any such obligations. <br />Trustor further acknowledges that this Acknowledgement <br />of Trust Deed has been executed prior to the Deed of Trust <br />and Assignment of Rents described above. <br />EXECUTED this i "? day of June, 1985. <br />GRAND ISLAND MALL, LTD., a <br />Nebraska limited partnership <br />By: MGI CORPORATION, a Nebraska <br />corporation, General Partner <br />By: ENN <br />Vice- President <br />62785/31 <br />