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<br />ACKNOWLEDGMffiNT OF DEED OF TRUST
<br />
<br />BORROWERS READ THIS BEFORE SIGNING:
<br />
<br />200509791
<br />
<br />/6, 00
<br />Borrowers (Trustors) understand that the document that the Borrowers are about to execute is a Deed of
<br />Trust and not a mortgage and that the power of sale provided for in the Deed of Trust provides substantially
<br />different rights and obligations to the borrowers than a mortgage in the event of a default or breach of obligation
<br />under the Deed of Trust, including, but not limited to, the Lender's right to have the Real Property sold by the
<br />Trustee without any judicial proceeding or foreclosure. Borrowers represent and warrant that this
<br />acknowledgment w xecuted b them before the execution of the Deed of Trust.
<br />
<br />
<br />Partner, Twin Valley Investments, Ltd., Trustor
<br />
<br />THIRD DEED OF TRUST
<br />WITH POWER OF SALE
<br />
<br />THIS DEED OF TRUST is made on this 1st day of October, 2005. The Trustor is Twin Valley
<br />Investments, Ltd., a Nebraska Limited Partnership. The Trustee is Gregory M. Neuhaus, Attorney at
<br />Law, PO Box 1685, Grand Island, NE 68802. The Beneficiary is Michael G. Pitcher and Richard E.
<br />Pitcher. The Beneficiary's address is 502 Claude Road, Grand Island, NE 68803. Trustor irrevocably
<br />conveys to Trustee, in Trust, with power of sale, the following:
<br />
<br />Lot 26, Westgate Subdivision to the City of Grand Island, Hall County, Nebraska and
<br />Lot 1, Westgate 3rd Subdivision to the City of Grand Island, Hall County, Nebraska
<br />
<br />Together with all the rents and profits therefrom and subject to easements and restrictions of
<br />record, if any.
<br />Trustor has guaranteed obligations of Five Million One Hundred Ninety-Two Thousand Two
<br />Hundred Ninety-Two Dollars ($5,192,292.00), evidenced by Trustor's guaranty of even date, payable
<br />according to the terms thereof.
<br />This Security Instrument secures to Beneficiary the Debt evidenced by said guaranty, the payment
<br />of all other sums, with interest, advanced under the provisions hereafter to protect the security and the
<br />performancy of Trustor's covenants and agreements.
<br />Trustor covenants that Trustor is lawfully seised by such real estate and has the legal power and
<br />lawful authority to convey the same and warrants and will defend title to the real estate against the lawful
<br />claims of all persons. Trustor has given Pitcher and Pitcher Properties, a Nebraska general partnership, a
<br />First Deed of Trust, which has priority over this Deed of Trust. Trustee has given Beneficiary a Second
<br />Deed of Trust, which also has priority over this Deed of Trust.
<br />
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