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OC NASKA MENTAL M nt.e�w�ssn►NFc (- 87-102311 INSCLOSURE 2147473 TO:_1tav M. Saunders Ran nn 4a end rs her+eMtafler de **W TrusWs. -- Ooaldentai Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disc bswe state fhb fwm o f agrearn" securing payment of s Promissory Note to be executed by Trustors Is a Trust Deed prpp �P�es Mte provisions of the Nebraska Trust Dead Act. Said Deed of Trust covers the foYOwinl described 'Lot Thinr�teen (13), Sussex Place Subdivision, said Subdivision being tact of land SEI�j'4)81thetNorthrHalf of thetSouthrR$lfaof thetNorthuHalfsofQthetNorthlHa2lflof the Southeast Quarter (Nl /2 S1 /2 N1 12 N1 12 SEI /4)- and the South Quarter Sl/2 NEl14), except the North Sixty N 60) Acre Half of the Northeast s thereof, all in Section Eleven (11), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., in !hall County, Nebraska. B" iclary discoses to TnWor that said Trust Dead is not a Mortgage, and, further, that the Trust Dead provides a pow of a" in the Trustee, which power of sale is exercisable under the provisions of the Nebraska Trust Dead Act witttout the aPProval of any Court The Trust Dead Provides substantially different rights and obligations to the Trustor than a MorVW In file event of a default or breach of obligation by the Trustor. If the Trustee exercises this POW Of sale upon the occurrence of Trustor's default without cure, the Tnstor has no right to prevent a a" if the tines granted by the Trust DOW to cure a default has expired. DATEDApril 24 1987 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By We, �, have applied to Occidental Nebraska for a ban. The ban will be evidenced by a Promis- sory Note, the payment of which is to be secured by a Dead of Trust. We have read the above Dhscbstxs presented to us by Occidental Nebraska. We acknowledge and understand that the document we are executing is a Trust Deed and not a , and that the power of sale provided for in the Trust Deed provides substantially different rights and obligations b Trulltors than a Mortgage in the event of a default or !reach of obligation. We, the Tnarias, acknowledge that this Disclosure was made prior to the execution of the Dead of Trust. - DATEOApril 24 1987 T"TOR TRWToR 'STATE OF NI4SKA )_ COUNTY OFKa I 1 ) as ) The k»trtatrtent was adcnowledgb before me this 24th day of April 1987 Ray M- Saunders and Rae Ann Saunders Trustors. t E Ur E ((K,..AY IOwRr