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A� �e�w.aw�asaiu+i�c DISCLOSURE 89-- IOJL 742 LN # 220600888 PAUL R. KUNTZ$UQM and MMA A. KL1b1TZELMAN To: hweinattsr designated True". Occidental Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state that the form of security agreement securing payment of a PromissM Note to be executed by Trustors is a Trust Deed which incorporates the provisions of the Nebraska Trust Deed Act. Said Deed of Trust covers the fdkwving described property: LOT ELEVEN (ll), MWUM LANE FOURTH SUBDIVISION, HALL COUNTY, NEBRASKA. Beneficiary discloses to Trustor that sold Trust Deed is not a Mort gage, and, further, that the Trust Deed provides t:..._ a power of sale in the Trustee, which power- of sate is exercisable under the provisions of the Nebraska Trust Deed Act without the approval of any Court. The Trust Deed provides substantially different rights and obligations to the Trustor than a Mortgage in the event of a default or breach of.obtigation by the Trustor. If the Trustee exercises the power of sale upon the occuranco of Trustor's default r iftut cure, the Trustor has no right to prevent a sale if the time granted by the Trust Deed to cure a default �as expired. APRIL 5,1989 DATED OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By We, the undersigned, have appP,&d trytra ddental Nebraska fora loan. The loan will be evidenced by a iDeam1fm-M 1` Ve, the payment of which Is to bra secured by a Deed of Trust. We 17ays read the abo.'e Prtaosure presentedf tsa: us by Occidental Nebraz,'ka. We acknowledge and understand that the &xument we are executing is a Trust Deed and not a Mortgarr, and that the power of sale provided for in the Trust Deed provides &;ibstantlally different rights and i,bliga- tiaras to Trustors than a Mortgage. in the event of a default or breach of obligr on. : Ws the Trustors, acknowledge that Ois. Disclosure was made prior to the e)tecutlon of the Deed of Trust. DATE APRIL 511989 TRUSTOR• PAUL R . 1'11Z rZELMAN . TRUST, MELBA A. 6 LIUITZELMAN ,1 STATE OF NEBRAl COUNTY, W HAM ) ss. The forego;' u- strument was a60 --)O wfedged before mi t _ - - : day of wrxtL 1989 PI!CL R. KTJW- .'r':61F,AN AND MELDA A. KUNTZTLMAN, HUSBAND AND WIPE TrusZ-'S. 1 a r i r LINDA OSLAMILLEn w CMS i:J6 MOO 7. 1907 a