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s - ill A 1K AL 87- 104282 FliOIiRAL SANINfIB BANK DISCLOSURE 2147901 To. Jerome C. Warnake and Janet M. Warneke- , herel WW designated Trustors, Occidental Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state OW the form of security agreement securing payment of a Promissory Note to be executed by Trustors is a Trust Deed wttictt ktcorporates the provisions of the Nebraska Trust Deed Act. Said Dead of Trust covers the following described Fart of Lot Three (3) in $$unset Subdivision, beingg a part of the North Half of the Northeast Quarter (N111 NE1/4) of Section Eleven (11), Township Eleven (11) North, Range, Ten 10) West of the 6th P.M., Hall County, Nebraska and more particularly described as follows: beginning at a point Thirty Three (33.0) Feet South and Two Hundred Seventy Seven and Twenty Eight Hundredths (277.28) Feet East of the Northwest Corner of said Sunset Subdivision; thence running Easterly One Hundred Eight and Sixty Three Hundredths (108.63) Feet to the Northeast Corner of Lot Three (31 of said Sunset Subdivision, thence turning at right angles and running South along and upon the East lot line of Lot Three (3), a distance of Two Hundred Seventeen (217.0) Feet; thence turning at right angles and running Westerly, a distance of One Hundred Eight and Sixty Three Hundredths (108.63) Feet to a point on the South line of Lot Three (3); thence turning at right angles and runnin Northerly, a distance of Two Hundred Seventeen (217.01 Feet to the point of beginning. 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 safe 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 ft TrwM* exercises the power of sale upon the occurrence of Trustor's default without cure, the Trustor has no right to prevent a sate if the time granted by the Trust Deed to cure a default has expired. DATEDfu ly 20 1987 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK We, the undersigned, have applied to Occidental Nebraska for a loan. The ban will be evidenced by a Promis- sory Nofa, 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 obligations 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. D 'T ly 20 1987 TRUSTOR n m . Lt �Ck,A m 47 TRUSTOR `•TATB OF NEBRASKA ) OFR8ll The foregoing kutrument was acknowledged before me this 20th day of July 1987 Jerome C. Warneke and Janet M. Warneke by Trustors. DENISE KAY LOWRY iGENERAL NOTARY Sfg1®olNutx Mr Ce'mm Exc Aug. 23, 1907 fiE ^I51