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R AKA ►�srw�o111"M 87- 102404 DISCLOSURE 21804400 TO: Mi_rhAal Vil iamySteinke. And Lila M- stpinlra herehadlsr dalpnated Trustors. ---' Ooddsr" Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state that the form of security ant securing payment of a Promissory (Vote to be executed by Trustors is a Trust Deed which 11MMOn1l" the Provisions of the Nebraska Trust Deed Act Said Deed of Trust covers the IOW" described W Lot Fourteey� (14), it Block Two (2)9 in Is$land Acregs Number Two ((2), being a replat of Lots One fl), Two l2), Three (3), Five (5), Six (6) and Seven (7), in Island Acres, a Subdivision in the City of Grand Island, Hall County, Nebraska. 8VWAcI&rY diadpeee to TnWOr that said Trust Deed is not a Mortgage, and, further, that the Trust Deed provides a power of sale in the Trtrsfee, 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 Tnutee exercls" the Per of sale upon the occurrence of Trustor's default without cure, the Trustor has no right b Prevent a sale If the WW granted by the Trust Dead to cure a default has expired. DATED April 23 1987 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By We, the undersigned, have applied to Occidental Nebraska for a ban. The ban will be evidenced by a Pronis- WY NOW the PaYffwnt of which Is to be secured by a Dead of Trust We have read the above Disclosure presented to us by Occidental Nebraska. We acknowledge and understand that the docurnem we are executing is a Trust Deed and not a and #0 the power of a" provided for in the Trust Deed provides substantially different rights and obNgafons to Traitors than a Mortgage in the event of a default or breach of obligation. We, the Tnrstors, acknowledge that this Disclosure was made prior to the execution of the Deed of Trust DATED April 23 1987 -SWE OF "NWRASKA ) VOUNTY OF Hall ) ) WE The faepokq Instrument was acknowledged before me this 23 d day of Apri 1 L1987 Michael William Steinke and Lila M. Steinke — by Trustors. DFNkSF KAY I()WRY r' GINFRAI. NOTn. QY IW r[ -131 a M