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T.' 106181 A DISCLOSURE 2146954 Janell H. Arent To: and hereinafter designated Trustors. 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 Deed which incorporates the provisions of the Nebraska Trust Deed Act Said Deed of Trust covers the following described propsrtylat Six (6), Block Twenty Three (23), College Addition to West 1:awn, Grand Island, HHaall 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. October 28 1986 DATED OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By 101�61zad` We, the undersigned, have applied to Occidental Nebraska for a ban. he 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 rot 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 Coed of Trust. DATEDOctober 28 1986 /^ jTRUSTOR TAUS*oR STATE OF NEBRASKA ) COUNTY O fH& 11 The foregoing instrument was acknowledged before me this 28th day ofOctober 1986 __ by Janell M. Arent CIii�Al titlftf•SIMI el f1Au1k1 , �._ Dam" KAtr t,pwftr __1�. �' e Trustors.