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Trustors. Renie S. Kula and 0oddientsl Nebraeka,federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state VW Mte form of security agreement securing payment of a Promissory Note to be executed by Trustors, is a Trust Decd A**i incorporates the provisions of the Nebraska Trust Deed Act Said Deed of Trust covers the following described ISM Lot Four (4), Island Acres #7,, A Subdivision of part of Fractional Section Seven (7); Part of the West half of the West Half (W1/2W1/2) of Section Eigght (8); and Part of Lot Twenty —Four (24), Island Acres, all in Township Eleven (11) North, Range Nine (9) West of the 5th P.M., in 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 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 it the time granted by the Trust Deed to cure a default has expired. June 21 1986 DATED OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK r f , By We, the undersigned, have applied to Occidental Nebraska or a loan. The 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 not a Mortgage, and that the power of sale provided for in the Trost Deed provides substantially different rights and 06 bons to Trustors than a Mortgage in the event of a default or breach of obligation. a ° We, the Trustors, acknowledge that this Disclosure was made prior to the execution of the Deed of Trust l `DATED June 21 1986 ' usroR S1" TRUSTOR ,F- STATE OF NEBRASKA ) Dodge ) ss. COUNTY OF g ) 21 at June The foregoing instrument was acknowledged before me this day of 1986 by Mark A. Kula and Renie S. Kula Trustors. nRTAAV ?U8UC: F —L134