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r;. 10,18 Nebraska O=DENTAL/NEBRASKA FEDERAL SAVINGS BANK z0av'nigs Fornerly known as: NEBRASKA SAVINGS & LOAN ASSOCIATION FA DISCLOSURE To: Richard E. Stephens, Jr. and Barbara G. Stephens hereinafter designated Trustors. Nebraska Savings and Loan Association FA, 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 property: The Westerly One -Third (w 1/3) of Lot T% o (2), in Block Sixty -Five (65) of the original town, now City of Grand Island, Hall County, Nebraska. and The Easterly Two-Thirds (E 2/3) of IAt Five (5), in Block Fifty -Six (56) in the original town, now City of Grand Island, Hall County, Nebraska. Beneficiary discloses to Trustor that said Trust Deed is not a Mortgage, and, further. that the Trust Dead 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. February 13, 1985 OCCIDFNTALi,-,,.M L7;SKA FEDERAL SAVINGS BANK fonneriv known as: NEBRASKA SAVINGS AND LOAN ASSOCIATION FA By We, the undersigned, have applied to Nebraska Savings and Loan Association FA for a loan. The loan will be evidenced by a Promissory Note, the payment of which is to be secured by a Deed of Trust. We have read the above Discloswe presented to us by Nebraska Savings and Loan Association FA. 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 pxecutiap 0 the D of, Tryst. DATED 'NU 11H STATE OF NEBRASKA ) COUNTY OF iiAId, ) the foregoing instrument was acknowledged before me this . 13t1a _, day of 191$w by, f -!w and E. ,Jr. FobrLLUY tip