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r I s �L l is i I i i I E -09T L Ff SWWIINSANK 87- 102307 DISCLOSURE 2147598 To: Gerald A. Huismann and Lisa L. Huismann haraknafbr deeignNed Tnmftm Oooidantal Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure atab that UN brm of Nm* agresennt aankrp payment of a Prornissory Note to be executed by Trustors is a Trust Deed wl'M Incorporates the provislons of the Nebraska Trust Dead Act. Said Deed of Trust covers the following described Proparl*he Weste 1 Sixty (60.0) Feet of Lot Four (4) and Part of Lot Five (5), all in Block Two �2) Second Addition to Holcombs Highway Homes Subdivision, Grand Island, Hall County, Nebraska, more particulaFFly described as follows: Beginning at a oint Mqn the North line of said Lot Five (5), said point being Fqu teen and Nine Tenths .9 Feet West of the Northeast Corner of said Lot Five 15, thence Easterly along 4he North Line of said Block Two (2), a distance of Seventy Four and Nine Tenths (74.9) Feet, to a point Ten (10.0) Feet West of the Northeast Corner of said Lot Four (4), thence Southerly parallel to the East line of said Lot Four (4), a distance of One Hundred Eleven and Seventy Four Hundredths (111.74) Feet, to the South Line of said Lot Four (4), thence Northwesterly along the Southerly Line of Lot Four (4), a distance of Sixty One and Thirty Seven Hundredths (61.37) Feet, to the Southwest o ner of said Lot Four (4), thence Westerly along the South Line of said Lot Five t5), a distance of Seventeen and Eighty Three Hundredths (17.83) Feet, thence Northerly a distance of One Hundred and Two Hundredths (100.02) Feet to the place of beginning. Beneficiary dWoas to Trustor that said Trust Deed is not a Mortgage, and, further, that the Tent Deed provides a power of a" in the Trustee, which power of sale is exercisable under the provisions of the Nebraska Trust Dead 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 TrwOse exerchm the power of sale upon the occurrence of Trustor's default without cure, the Trustor has no right to prevent a aefe 0 the tine granted by the Trust Dead to cure a default has expired. DATEDApriI 22 1987 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By We, the undersigned, have applied to Occidental Nebraska for a loan. The loan will be evidenced by a Promis- sory Nob, the payment of which is to be seared by a Deed of Trust. We have read the above Disclosure presented to us by Occidental Nebraska. We acknowledge and understand that the docusnent 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 obligations to Trusors than a Mortgage in the event of a default or breach of obligation. We, the Trunors, acknowledge that this Disclosure as made prior to the execution of the Dead of Trust. DATE D,Eril 22 1987 rRUttoR iA�SC� L a1"Yln, r) n T"TOR ESTATE OF, ASKA ) <'COUNTY OFHa11 22nd April The foregoing kntnrrrnent was acknowledged before me this -day of 1987 by Gerald A. Huismann and Lisa L. Huismann DENISE KAY IOWRY GENERAL NOTA.R ,1® f r1 F' _ My C'._ f.o A "'s 198, 11.131 d Trustors.