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(DOCCIDENTAL NEBRASKA,. t"t::IJlt:HAL SAVINGS BANK &i8,==.100546 LN # 210804615 DISCLOSURE To: RANDALL S MENDYK hereinafter designated Trustors. and CAROL R MENDYK 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: THE SOUTH SEVENTY FOUR AND EIGHT TENTHS FEET (74.8') OF LOT TEN (10), BLOCK SIXTEEN (16), IN RUSSEL WHEELER'S ADDITION TO THE 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 pf'wer 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 tho Trustor than a Mortgage in the event of a default or breach of obligation by the Trustor. If the Trustee exercises the powor 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 JAmJ~Y 213,191313 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By ~~~ We, the undersigned, have applied to Occidental Nebraska for a loan. The loan will be evidenced 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 and obliga- tions to Trustors than a Mortgage in the event of a default or breach of obligation. We, the Trustors, acknowledge that this Disclosure was made prior to the execution of the Deed of Trust. DATE JANUARY 28,1988 ~~/J~~~k- TRUSTOIV -- RANDALL S. MENDYK .-, .....') d/~O~L/' vd/~~ ' mUSTOR CAROL R. MENDYK ~~ h~ a.,,~1? '4/,-~ ':.STATE OF NEBRASKA r-- 5S. COUNTY OF HALL 28TH JANUARY The foregoing instrument was acknowledged before me this day of l 1988 RANDALL S. AND CAROL R. MENDYK by I Trustors. _~~C<-,<' ,"~<d7----- c- / ..~ ~.' {J:Giiu.AL IJTMY-Stala of illnb DENISE KAY LOWRY .71, _My c~mmti~,~,;~g;~?9~. .. .-....