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l■ M 87- 106641 OCCIENENTAL NEBRASKA LN # 210048082 fR>NNUALSM NNIIIIII8BANK DISCLOSURE To:DWAINE G. SKOPEC and dm iinafter designated Truskn. Occidental Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary , does by this Disclosure state that the form of security agreement securtrg payment of a Promissory Note to be executed by Trustors is a Trust Deed which incorporates the provisions of the Nebraska Trust Deed Act Said Deed of Trust covers the following described t`►operty: LOT TWELVE (12), BLACK ONE (1), IN JENKINSON SUBDIVISION, LOCATED IN THE SOUTH HALF OF THE EAST HALF OF THE SOUTHEAST QUARTER (S 1/2 E 1/2 SE 1/4) OF SECTION TWO (2), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) WST OF THE 6TH P.M., HALL COUNTY, NEBRASKA- Beneficiary discloses to Tnuslior 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 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 Truahe a avelsss the power of sale upon the occurrance of Trustor's default without cure, the Trustor has no right to prevent a sale if the tine granted by the Trust Deed to cure a default has expired. DATED NOVEMBER 13 ,1987 OCCIDENTAL NEBRASKA FEDERAL SAYINGS BANK By We, the undersigned. have applied to Occidental Nebraska for a ban. The loan will be evidentmd by a Promis- sory Note, 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 or 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 Trusters, acknowledge that this Disclosure was made prior to the exec n of the Deed of Trust. -DATED NQM((RR 13.1987 DWAINE G. SKOPEC TRUSTOR 7