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t. Steven W. Ryan hereinafter designated Trustors. TEAL ..,►I DISCLOSURE 8s--, 101831. and Kimberly S. Ryan 2146212 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 Trust Dead which incorporates the provisions of the Nebraska Trust Deed Act. Said Deed of Trust covers the following described prey. Lot Eight (8) in Block Fifteen (15), in Scarff's Addition to West Lawn, in 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 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 April 10 1986 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By /,'Gy� E /r \ f ci tllL•'�/ 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 Mortgage, and that the power of sale provided for in the Trust Deed provides substantially different rights and obt" to Trustors than a Mortgage in the event of a default or breach of obligation. We, the Trustom, acknowledge that this Disclosure was made prior to the execution of the Deeg of Trust. T DATED April 10 1986t.C�r.^— .. TRUSTO /L iRUSTOR� J STATE OF NEBRASKA ) ss. COUNTY OF Hall ) The foregoing instrument was acknowledged before me this 10th day of __ April LgAb by Steven W ^Ry$n and Kimberly —S. R an ._..—_.__.--------. ._..-- -------------- ----- - - -___ Trustors. �K antter•stw M talYttil Vv Com EIR 44Zt � " ; `� � r ' _ --- ___._ -- — _.._ -. A J