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I <br />69277_1_}8 <br />ACKNOWLEDGEMENT <br />as 102580 <br />I /We, DAVID E. ABBOUD, INC. <br />( "Trustor "), uner that certain Dee of Trust ate "fay . 198 <br />("Deed of Trust") ) to be entered into among Trustor, Joseph x Badami <br />("Trustee" ) and FIRST" FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN <br />( "Beneficiary "), covering t e tollowing described property: <br />LEGAL DESCRIPTION: <br />Lot 2, Block 152, Union Pacific_ Railway Comapny's Second Addition <br />to the City of Grand Island, Hail County, Nebraska and part of <br />vacated Sutherland Street. <br />hereby acknowledge that it is understood that (a) the Deed of Trust <br />to be executed by Trustor is a trust deed and not a mortgage and <br />(b) the power of sale provided for in the Deed of Trust provides <br />substantially different rights and obligations to the Trustor than a <br />mortgage in the event of a default or breach of obligation. <br />Trustor acknowledges that this Acknowledgement was made prior to <br />the execution of the Deed of Trust. <br />Executed and delivered this 9th day of May 19 86 <br />DAVID 1. 'ABB D, IN <br />Tz'us t <br />David E. Abboud, President <br />Trustor <br />State of Nebraska ) <br />ss. <br />County of } <br />The foregoing instrument was acknowledged before me this <br />day of 191 by David E. Abboud, President <br />of DAVID E. ABBOUD, INC. <br />Witness my hand and notarial seal at <br />in said County, the date aforesaid. <br />My commission expires: <br />Notary Pu xc <br />845A <br />I <br />I <br />