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OCCIDE=(N=GSBMK ska FEDER DISCLOSURE To: heal Estate Investors, Inc. hereNrafter designated Tn*ors. 85-- 003129 that tlrel Federal Savings Bank, hereinafter referred to as Beneficiary. does by this Disclosure state security agreement "Wring payment of a Promissory Note to be executed Tnxstors is a Trust Deed which irMMOrates the provisions of the Nebraska Trust Deed Act. Said Deed of Trust covers the following wing described Lot TWo (2) in Janisch Subdivision, an Addition to the City of Grand Island, =Prising all of Lot Two (2), F Subdivision, an Addition to the City of Grand Island, e)aoepting therefrom the West Four and Five Tenths (4.5) feet of the South Six (6.0) feet, located in part Of the West Half of the Southwest Quarter M S"k) of Section Twenty —Tt o (22) , Tmwhip Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska; and Lots Six (6), Seven (7), Eight (8), Nine (9), and Ten (10) in Block Forty (40), Packer and Barr's Second Addition to 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 Dead provides a power of sale in the Trustee, which power of sale is exercisable under the Provisions of the Nebraska Trust Deed Act �the approval of any Court. The Trust Deed provides substantially different rights and obligations to the Trustor 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 rat to prevent a sate if the time granted by the Trust Deed to cure a default has expired. DATED Juts 28, 1985 OCCIDENTAL/NEBRASKA FEDERAL SAVINGS BANK By I We, the undersigned, have applied to Occd9ntal/Nebrask8 for a loan. The ban will be evidenced by a Promis- WY NOIS, the payment of which is to be secured by a Deed of Trust. We have read the above Disclosure presented to us by Oodderttai/Mebraska. We ackriowledge and understand that the document we are executing is a Trust Deed and not a Morlgege, and that the power of sale provided for in the Trust Deed provides substantially different ruts and obliglaticns to TrUSIOM than a Mortgage in the event of a default or breach of obligation. We. the Trwbrs, acknowledge that this Disclosure was made prior to the execution of the Deed of Trust, REAL. ESTATE INYESMRS, INC. DATED June 28 7985 ` K, C'. / -4Z�' / k� T"TOR y,. TRATOR _ 7 * J STATE OF NEwwKA ) COUNTY OF HUZ ) u. The forepping Instrument was acknowledged before me this 28th .day of __.. —June by 11)"e4 n ------- __..__._._____..__..... Trustors. � � d i • 1 y kfyi AiiY -� -' -'-