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85- 005862 <br />ACKNOWLEDGEMENT <br />The undersigned, BISON INVESTORS V LIMITED PARTNERSHIP, BY: PONDEROSA <br />ESTATES, INC., GENERAL PARTNER, identified as ' Trustor" under a certain <br />Deed of Trust Construction Security Agreement dated November 26, 1985 in <br />respect to that real estate described as: <br />Lot Four (4), Block Nine (9), Continental Gardens, <br />an addition to the City of Grand Island, Hall <br />County, Nebraska; <br />to be entered into among Trustor; Arend R. Baack, Attorney at Law, '"Trustee "; <br />and The Overland National Bank of Grand Island, Beneficiary, hereby acknowl- <br />edges that this Acknowledgement is made prior to its execution of that Deed <br />of Trust Construction Security Agreement and that it knows and understands <br />that (a) the Deed of Trust Construction Security Agreement to be executed <br />by Trustor is P Trust Deed and not a Mortgage and (b) that the power of sale <br />provided for in the Deed of Trust Construction Security Agreement provides <br />essentially different rights and obligations to the Trustor than a Mortgage <br />in the event of default or breach of obligation. <br />IN WITNESS WHERBOF, the undersigned has executed this Acknowledgement <br />on this 26th day of November, 1985. <br />BISON INVESMRS V LIMITED PARTNERSHIP <br />By: PQNDEROSA ESTATES, INC., <br />GENERAL PARTNER <br />'l <br />J s .Baldwin, President <br />" Trustor" <br />STATE OF NEBRASKA) <br />ss: <br />CMNT'Y OF HALL ) <br />The undersigned, a Notary Public duly commissioned and qualified for in <br />said County, personally came. James B. Baldwin, President of Ponderosa <br />Estates, Inc., General Partner, to me known to be the President and identical <br />Person whose name is affixed to the foregoing Acknowledgement, and acknowledged <br />the execution thereof to be his voluntary act and deed as such officer and the <br />voluntary act and deed of said partnership. <br />Witness my hand and Notarial Sea]. this r ' day of %_" `.�1 1985. <br />GOWL MIMILMRAIIt•pM��INMnN� ,! -' ; .'" <br />r <br />w 0�ma 61► K <br />Notary Public <br />