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�_ --,, DISCLOSURE 86- 109920 2146466 To'- Donald B. Black and Marie R. Black h~aAar dusted Tnistoro. 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 Truet.Deed whicH )novrporates the proviaioris of the Nebraska Trust Deed Act. Said Dried of Trust covers the following described WOPO"YLot Ten (10) Bishop Heights Third Subdivision, comprising a part of the Southwest Quarter of the Northwest Quarter (SW114NW1J4) of Section Eleven (11), Township Eleven (11) North, Range Ten (10) West of the 6th Y.M., Hall County, Nebraska. Benefclary 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. . . H 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 June 3 1986 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By We, the undersigned, have applied to Occidental Nebraska for a loan. The ban 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 Occtderttai Nebraska. We acknowledge and understand that the document we are executing is a Trust Deed and not a Mortgage, and that the power of safe 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 Deed of Trust. 60ED June 3 1986 TRUSTOR ' 0 kBMSKA WrV ins: ea 11 ) as. ) The foregoing instrument was acknowledged before me this Donald B. Black and Marie R. Black 3rd TRUSTOR day of June Trusters o' r~ -i