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I m~87: FEDERAL SIMNBB 8AM( # 107254 230500894 r DISCLOSURE T DOUGLAS V. STROHL JR. 0: hereinafter designated Trustors. and 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 Promissory 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 following described property: LOT TEN (10), OF FRANZEN SUBDIVISION, A REPLAT OF LOT TWENTY ONE (21), ISLAND ACRES, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. Beneficiary discloses to Trustor that said Trust Deed is not a Mortgage, and, further, that the Trust Deed provides a power of sale in the Trustee, which power of sale 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 obligation by the Trustor. If the Trustee exercises the power of sale upon the occurance of Trustor's default without cure, the Trustor has no right to prevent a sale if the time granted by the Trust Deed to cure a default has expired. DATED DECEMBER 21,1987 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By J#U~ ~ ~az: We, the undersigned, have applied to Occidental Nebraska for a loan. The loan will be evi enced by a Promissory Note, the payment of which is to be secured by a Deed of Trust. We have read the above Disclosure presented to us by Occidental Nebraska. We acknowledge and understand that the document we are executing is a Trust Deed and not a Mortgage, and that the power of sale provided for in the Trust Deed provides substantially different rights andobliga- tions to Trustors than a Mortgage in the event of a default or breach of obligation. ", We, the Trustors, acknowledge that this Disclos DATE DECEMBER 21,1987 , " " TRUSTOR iSTATE OF NEBRASKA ss. COUNTY OF HALL The foregoing instrument was acknowledged before me this 21ST day of DECEMBER L 198'7 ~UGLAS V. STROHL JR. I'.. ~...i.. GEWJl.I.JIlf.V,-" "iSla . ,.):..." . ~rNl5F. KAvtOWRY _::,,:,~..:::'.~'.l ''':''; !,p Au, 15. /99/ , Trustors. A?t? . nr:.tJ.4 &-t..Pt I {'":. r-- I t:.. -1