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OCCIDENTAL 87- 103561 NE13RASKA FEDERAL SANlNGS BANK DISCLOSURE 21804460 To: Alan G. Denison and Helen E. Denison hereinafter designated Trustors. 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 Taut Dead which incorporates the provisions of the Nebraska Trust Deed Act Said Deed of Trust covers the following described Lot One (1), Imperial Village Seventh Subdivision, 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 sate 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 occurrence 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 June 16 1987 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By 2 We, the undersigned, have applied to Occidental Nebraska for a loan. The ban will be evidenced by a Promis- sory Note, 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 document we are executing is a Trust Dead and rat a Mortgage, and that the power of sale provided for in the Trust Deed provides substantially different rights and obligations to Trustors than a Mortgage in the event of a default or breach of obligation. We, the Trustors, acknowledge that this Disclosures 0psi tp the execution of the Deed of Trust �zo"a DATED June 16 1987 Gti� %yam l S z �yy� TRUSTOR STATE OF NEBRASKA ) as. COUNTY OF Hall ) The foregoing instrument was acknowledged 16th June rego'ng lodged before me this day of 1987 Alan G. Denison and Helen E. Denison by Trustors. NOTyry VUSIIC 8-134