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<br /> " ' • ACKNOWLBD(�ILNT OP UNDERSTANDING —�° __._
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<br /> � '' The undeisi�ned a� Truotor (Borrow�r) in a proposed Truet Deed Wi.th ��
<br /> „., �
<br /> • ° PoWOr of Ssla wharQin Matropoli.tan Life Inaurance Company ie Beneficiary. --__
<br /> • which Tru�t DQSd wili oocura paym�nt �f a loen to be mAde by Metropolitan
<br /> �.�`.Y..YiY I���v.��..
<br /> - � LifQ Ineuronce Company to the undereiqned in thQ amount of $,�,,300 �•� �--�-_°-;"r°�'��='"=
<br /> . � � acks�owled ess �- ��-�
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<br /> 1. I understand that the docam�ont to be executed io a Trust Deed �;Y��r���:.,..
<br /> and not a mortgage.
<br /> f ' 2, I underatand khat the o�aer of sale provided for in the Truat r�,r,,..,.:�w.
<br /> Deed provides me with aubstentially different righte and obli- � _,- �1
<br /> ationa in the event of a default or breaah of obligation than ����==?!L�-=— ;
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<br /> the righta and obiigatione provided me ia a mortgege. �'}.�:.�,;;>•.'�� -.- _^_ _
<br /> � ._ ' 3. I further acknowledge that L havo read the foregoing and have �' ��:}����:`•;.:_,.;,•'�,'zr-=--
<br /> ' � `;'� eigned thia document prior to the execution of any truat deed ,._ . •��•'.
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<br /> ��., � � ' which confera the power of sale to the Trustee for the benefit ,. .�, . ,�,.____
<br /> ,��' , . ��;.:
<br /> • • of Metropolitan Life ineurance Company. ;,_.,:�,.,.c,..__
<br /> � DaCed thie �/ day of ��7 _ • ' .•Lv:��;�. yN
<br /> ., . �� , . ; . �::
<br /> ::�i,'`?FTi.�::
<br /> 1992 , at � . Z v o'clock�,M. ::.=-`Y_-."�`=
<br /> > �:��'-—_�
<br /> � G B INC. a Nebras a Carpar on ��" .�
<br /> BI . . ��;;�_�
<br /> _ _- j Tha s 5. BaXter e.:,�.��.�.---. —
<br /> a�= �, p / F�""'�.11•.� , -��.� —
<br /> 'phomas . Baxt � Presid nt � �'� ,••�=_
<br /> G11 eth ea � �Cer, eca lizebeth Lee B�xter � --- =
<br /> � : -,;�w�'"
<br /> , •.��;: _
<br /> Attest• -
<br /> •y r . � cretary . . .,�
<br /> , ..
<br /> - r:._r.:
<br /> ' LITTLE B'S .. a Nebraeke Corporation BAXTER COMPANY, N braska rporation ! • • ��-
<br /> 4 ,:,,r. ...�.,t._
<br /> � .. �_,.__
<br /> ay: By° � . , .
<br /> r T , res e t Thomae S. Bax � reaid t
<br /> Attestt ` Atteat• � ,-:::.
<br /> � • �� Thomea S. Aaxter. Se •etarq r T , cretary � . :�s�::
<br /> ., .,. �`` f . �;�.,•-
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<br /> . � :;:.
<br /> � STATE OF NEBRASKA ) � ����"�
<br /> ,l ' sa s . �'"�
<br /> � ,,'Y � .
<br /> ' COUNTY UF �%'��/ ) �
<br /> >.� �
<br /> . ' On this ��� day of �'�' , 1992� before me, a notary public in and for said •
<br /> � �:.,��:;; .. County, peraonally ceme Thomas S. Baxter, who ia known to me to be the President and Greg
<br /> r � ,�..;: T. Baxter, who ia known to me to be the Secretary of Big B� Inc.� a Nebraska Corporation;
<br /> � � . � Greg T. Bexter� who ia known to me to be the Preaident and Thomas S. Baxter� who ia known .
<br /> ' ' � to me to be the Secretary of Little B's Corp.� a Nebraska Corporation; Thomea S. Baxter,
<br /> � who ia known to me to be the President and Greg T. Baxter. who is known to me to be the •
<br /> , + Secretary of Baxter Cattle Company, a Nebraske Corporation; Thomas 5. Baxter and Elizabeth
<br /> • � � � � Lea Baxter, huebend and wife. to me personally known to be the identical persona described �
<br /> in and who executed the foregoing instrument, as Trustors,and acknowledged the execution
<br /> '� � ,. thereof to be their voluntary act and deed� for and on behelf of said corporations for the
<br /> purpoaes therein aet forth.
<br /> Witnesa my hand and Notarial Seal the dey�d year ast above written.
<br /> /•'• D� � ..
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<br /> I ��Y�'�Z Notary Pubii �
<br /> � ,sa
<br /> i My commisaion ex�ires d:'�-93
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