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To: Edgar G. McMullen and Betty J. McMullen <br />hwakmdW designated Truators. <br />Occidental Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, doss by this Disclosure state <br />that the form of security agreement securing payment of a Promissory Note to be executed by Tru stors is a Trust Deed <br />which incorporates the provisions of the Nebraska Trust Deed Act Said Deed of Trust covers the Ong described <br />BroPwtYlot Four (4), in Lucas' Addition to the City of Grand Island, Hall County, Nebraska. <br />semi ff iary discloses to Tnutor that said Taut Deed is not a Mortgage, and, further, that the Trust Dead provides <br />a power of sale in the Tnutes, which power of sale is exercisable under the provisions of the Nebraska Trust Dead Act <br />without the approval of any Court The Taut Deed provides substantially different rights and obligations to the Tnutor <br />than a Mortgage in the event of a default or breach of obligation by the Trustor. <br />If the Tnutes exercises the power of sale upon the occurrence of Truutor's default without cure. the Trustor has <br />no right to prevent a sale if the time granted by the Trust Deed to cure a default has expired. <br />December <br />DATED <br />15 1986 <br />OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By !a2 ((/ /D r/ <br />We, the undersigned, have applied to Occidental Nebraska for a loan. The low will be evidenced by a Promis- <br />sory Note, the payment of which is to be secured by a Deed of Trust We have read the above Disclosure presented to <br />us by OcCiderutai Nebraska We acknowledge and understand that the document we are executing is a Trust Deed and <br />not a Mortgage. and that the power of sale provided for in the Trust Deed provides substantially different rights and <br />obligations to Tnulors than a Mortgage in the event of a default or breach of obligation. <br />We, the Tnutors, acknowledge that this Disclosure was made prior to the execution of the Deed of Trust <br />� 7-1/n Al) -Y AY) a %22' ,J <br />rn- <br />�� -TRUSTOR <br />15th December <br />The foregoing instrument was ackruowledged before me this day of <br />1986 Edgar G. McMullen and Betty J. McMullen <br />Trustors. <br />. fr <br />DEta15E KAY LOWR'f <br />GENEZAL N07,47Y <br />