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I lJjOCClDENTAL NEBRASKA.. FEDBUU. SAVWGSBAN( LN ft 2J.0048265 DISCLOSURE 88- 101533 To: G~FGn~v M~~~TN~ hereinafter designated Trustors, and KINDY MASSING 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 Nebraeka Trust Deed Act. Said Deed of Trust covers the following described property: L~ SEVEN (7) AND THE NORTHERLY ONE-HALF OF LOT NINE (9), IN BLOCK SEVENTEEN (17), IN UNIVERSITY PLACE, AN 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 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 MARCH 1~, 1qRR OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By ~~ /f;c7ff'~r- 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 aro 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 d9fault or breach of obligation. We, the Trustors, acknowledge that this Disclosure was made prior to the execution of th.e Deed of Trust. MARCH 23,1988 L:1 ~ ~ GRE;i:)sSING ~ ,J/~~ (to/JOfn~ ~Y MA SI G TR OR DATE ..1'. ,c;.~ .-~; J ,} STATE OF NEBRASKA "!'" CoUNTY OF $5, HALL 23RD MARCH The foregoing instrument was acknowledged bofore me this day of 1988 __by GRE~RY AND KINDY MASSING . Trusto;s. (\ (' ., i frl" :,u t::'l:.:.n:l:t cl tie!nsb DENISE KAY LOWRY _7 ~ -: ~'y Com", lip Aijl 211"1 .....- ~E,')oI iHf>t