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88- mDCCIDENTAL 101772 ~~ LN fF 210048292 DISCLOSURE To: H POS~RT WVYiR hereinafter designated Trustors, and No JANE MEYER 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 TWELVE (12) AND THE EASTERLY SIXTEEN AND EIGHT TENTHS FEET (E16.8') OF LOT THIRTEEN (13), aLOCK "E", PARKVIEW SUBDIVISION, LOCATED IN THE NORTHEAST QUARTER (NEl/4) OF SECTION TWENTY NINE (29), AND THE NORTHWEST QUARTER (NW 1/4) OF SECTION TWENTY EIGHT (28), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.M., IN 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 Nebtaska 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 Dead to cure a default has expired. DATED APRIL 9,19ge OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By A~~~~ 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 APRIL 8,1988 if &~ ~"TOR H. ROBERT MEYER "0 i- . ~~ #;. 0-// ~ I ~ . TRUSTOR M. HE MEYER ~TAT~ OF NEBRASKA :.~U~TY'OF . i ~L ) ) ss. ) -;~-J:'\ '"The foregoing instrunlent was acknowledged before me this 8TH APRIL ~~~ 1988 day of H. ROBERT AND M. JANE MEYER by I Trustors. .. I'!J mlMl101AAV-Statt e' ...... I ~ DrNlSE KAY LOWRY I ~.~ '."J eo",,,, l'\> I.~l 25. 1991 L 'u."........o;.....- fit 1>4 lHPl