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ACKNOWLEDGMENT 85-- 0058 .59 THE GRAND ISLAND TRUST COMPANY OF GRAND ISLAND, NEBRASKA, SUCCESSOR 1/We, TRUSTEE QF THE R -L -R REVOCABLE TRUST ( "Trustor ") under that certain Deed of Trust in the original principal amount of TWO HUNDRED TWELVE THOUSAND F IVt HUNDRED ANQ__NO /100- DOLLARS------------------------ ------------ - - - - -- (g 212,500.00 ) and dated NQuember 26 1985 (Deed of Trust) to be entered into among Trustor, _AREND R. BAACK attorney ( "Trustee ") and HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND ( "Beneficiary"), covering the following described property: A certain part of the South Half of the Northeast Quarter (S�'NE4) and a part of the Southeast Quarter (SE4) of Section Twenty -four (24), in Township Eleven (11) North, Range Ten (10) West of the 6th P. M., Hall Courty, Nebraska, lying north of the Union Pacific Railroad Company's Right of Way more uarticularly described as: Beginning at a point on the North Right of Way Line of the Union Pacific Railroad Company, which point is Four Hundred Sixty -six (466,0) feet southwesterly from the intersection of the East line of the South Half of the Northeast Quarter (STNE4) of Section Twenty -Four (24), Township Eleven (11) North, Range Ter (10), West of the 6th P.M., and the North Right of Way Lire of the Union Pacific Railroad Company, rurring thence southwesterly upon and alnng the North Right of Way Line of the Union Pacific Railroad Company, Four Hundred (400.0) feet, deflecting thence right 90 000' and running Northwesterly for a distance of Four Hundred Eighty (480) feet, deflecting thence right 90 000' and running northeasterly parallel to the North Right of Way Line of the Unior Pacific Railroad Company, Four Hundred (400.0) feet, deflecting thence right 900QO' and running southeast erly for a distance of Four Hundred Eighty (480.0) feet to the actual point of begirring hereby acknowledge that it is understood that (a) the Deed of Trust to be executed by Trustor is a trust deed and not a mortgage and (b) the power of sale provided for in the Deed of Trust provides substantially different rights and obligations to the Trustor than a mortgage in the event of a default or breach of obligation. Trustor acknowledges that this Acknowledgment was made prior to the execution of the Deed of Trust. Executed and delivered this 26th day of November 19 85 THE GRAND ISLAND TRUST LJMPAftY OF GRAND 15LAND, SUCCESSOR TRUSTEE 0� TH R -L -R REVOCABLE TRUST Trustor rrPS L. Trusior .. ` yc� ) STATE OF NEBRASKA J} SS COUNTY OF HALL The foregoing instrument was acknowledged before me this._ 26th day of _ Jovember I9Eby "RNt EST J. THAYER�Presidert of the Grand island Trust Witness my hand and notarial ASal at Gr-rd i slard Nebraska in said county, the date aforesaid. My commission expires: _ = aw Nolary Public "K::3 la 0