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_ � � 90� 100288 � LN # 2206�11�7 DISCLOSURE TO: T.LRi�V �_ ARF.SS and he�einaiter designated Trustors. � Occidental Nebraska Savings Bank, F.S.B.. herei�after referrod to as Beneflciary�does by this Disclosure state thal the form of secu�ity ag�eement securing payment of a Promissory Note to be executed by Truators is a Trust Deed which incorporatea the provisions of the Nebtaska T�ust Oeed Act. Said Deed o4 T�ugt covers the tollowing described PraPert!►: FRACTIONAL LOT ONE (1) IN FRACTIONAL BLOCK TWENTY—SIX (26) IN BAKER�S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASlW� LOCATED ON THE NQRTH HALF (N1/2) OF THE NORTHEAST QUARTER (NE1/4) OF SECTION TWENTY (20) , FRACTIONAL LOT THREE (3) IN FRACTIONAL HLOCK FOUR (4) OF WASMER'S ADDITION TO THE CITY OF GRAND ISLANA, HALL COUNTY, I3EBRASKA, AND FRACTIONAL LOT THREE (3) IN FRACTIONAL HIACK FOUR (9) IN WASMER'S ANNEX, THE LAST TWO ADBITIONS BEING LOCATED ON THE NORTH HALF (N1/2) OF THE NORTHWEST QUARTER (NWl/4) OF SECTION TWENTY-0NE (21) ALL OF THE ABOVE B�ING IN TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.bl., TN HALL COUNTY, NEBRASKA. � t ; ; Beneficiary discloses to T►ustor that said Trust Deed is not a Mortgage,and,further,that the T�ust Oeed provides i � � •__•_ ,_ .�_ -.. . .� -- T a�e-,�v�aaw m u�n �rusi�e,Wi7ICn pOWO�p15Si9 IS 6X@�Ci58�19 UnQBf i�19 pfOV1510I15 01 tF16�V9Df8Sk8 17USt OA@Q�1Ct - without the approval of any Court. The Trust Deed provides substantially different rights and obiigations to the Trustor � than a Mortgage in the event of a default or breach of obiigation by the Trustor. ;.�� - if the Trustee exercises the power of sale upon the occurance of Trustor's default without cure, the Trustor has no �, rlght to prevent a sale if the time granted by the Trust Deed to cure a defauli has expi�ed. ��' DATED _ :raNrTARx ��,�Ac,o OCCIDENTAL NEBRASKA SAVINGS BANK, F.S.B. _ � " By //�.� �112/vV1�c.�� �. We,the undersigned,have applfed to Occidental Nebraska for a toan. The loan wiil be evidenced by a Promissory ��` � Note, the payment of which is to be secured by a Deed of Trust. We have read the abave Disclosure presented ta us ��.�; : � .�. by Occidental Nebraska.We acknowledge and understand that the document we are executing is a Trust Oeed and not � � a Mongage, and that the power of sale provided for in the Trust Deed pravldes substantially different rights and obliga- tlons to Trustors than a Mortgage in the event of a detauli or breach of obligation. _.. • We, the Tr�stor�, acknowtedge that this Disclosure was made prior to the execution of the Deed of Trust. , DATE -T�tBRv i ti,i c�Ap �t LARRY A. GRESS TRUSTOR TRUSTpR �-->>----- STATE QF NEBRASKA ) " ) ss. , COUNTY OF �,L ) , . � The foregoing instrument was acknowledgetl beTore me this 9 tiTS� day of TANi1ARV , � � lg�l0 b�/ T,ARRV A rRFS4� i1NMARRTFn ,. -- — � -----�---- -- --- ---- -- ---�� -- �- � - � - - ----. . . . Trustors. �� �-- ---- - --- ._ . / • �� ._t r.. '• if�11L�TAA1f�StricA.11�:.::t1 '�i.(r � ! � •<'��if� �.' : : r LINQAOBERMILIEfl •+.�•nr+•�;�tt.�s. 11/�wna fr#�AYr[A 1. 1993 �_ �.� •c,,n.. �.. �J