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CIDEIWTA Nebraska FEbtkA . SA e�►Nrc 86.— 100518 DISCLOSURE 2145588 Tor $rurn A unde and Margaret E. Bunde hereinafter designated Trustors. Occfdental/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 which inoorpontles the provisions of the Nebraska Trust' Deed Act. Said Deed of Trust covers the following described Lots Sixteen (16) and Eighteen (18), in Block One (1), in. University Place an Addition 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 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 thaw 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 January 30 1986 OCCIDENTAUNEBRASKA FEDERAL SAVINGS BANK By We, the undersigned, have applied to Occidental/Nebraska for a loan. The loan will be evidenced 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 Occidentalft&wka. We acknowledge and understand that the document we are executing is a Trust Deed and rat a Mortgage, and that the power of sale provided for in the Trust Deed provides substantially different rights and obligation 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. DATED January 30 1986 �ouLl'lj' TRUSTOR STATE OF NEBRASKA COUNTY OF Ha 11 ,1 �l T14USTOR ss. The foregoing instrument was acknowledged before me this 30th day of January Lqu by Bruce A. Bunde and Margaret E. Bunde Trustors. N01 Y TO V ;1 w no .`1 J' �/