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(D=42MATA . 85- i00542 DISSIMOSURE 2145597 To: Clyde H Christensen and Wilma E. Christensen hereindter designated Trustors. Occidenrtal Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Diselost she that She farm of security agreement securing payment of a Promissory Note to be executed by Trustors =is a Trust Desd which incorporates the provisions of the Nebraska Trust Deed Act. Said Deed of Trust covers:ihe 10110wiN described Propply-part of the Southeast Quarter of the Northeast h (Quarter of the of, Halpin Eight ($), in Township Eleven (11) North, hang at a County, Nebraska., more particularly described as follows, to �rit: Commeat point where the East line of Park Avenue in the City of Grand Island, Nebr intersects the Sou,Zh line of Waugh Street in said City; running thence Sauth�l the East line of Park Avenue a distance of 'One Hundred (100) feetheacnnnartt+ a east a distance of one •hundred thirty eight (138) feet; running distance a£ one hundred (100) feet to a point on the south lice of Waugh - Street; and runningg thence west alongg and upon the South line of Waugh Street a distance of o� hundred thirty eight (138) feet to the point o£ 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 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 Trustee exercises the power of sale upon the occurrence of Trustor's default without cure. the Trustor has no right to prevent a sale it the time granted by the Trust Deed to cure a default has expired. DATED January By Y'/iSF 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 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. 31 1986 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK DATED January 31 1986 STATE OF NEBRASKA ) ss. COUNTY OF Hall ) 31st The foregoing instrument was acknowledged before me this say Uf 1986 py Clyde H. Christensen and Wilma Christensen January Trusto's t M.Ow11r . ?. __. _ ...,� del Ilk bw io 111% 25 W I