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i r 220600868 f DISCLOSURE gg,.; 101264 To: JERRY L. SANNES and ALETHE B. SANNES hereinafter designated Trustors. 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 Trust Deed which Incorporates the provisi ms of the Nebraska Trust Deed Act. Said Deed of Trust covers the following described property: LOT TEN (10) , BLOCK= ":- '3) , OLDE FILL, S --VISION TO THE CITY OF GRAND ISLAND, HALL COUN'PY, NEBRASKA.. Beneficiary 4Awloses to Trustor that said Trust Deed is not a Mortgage, and, further, that the Trust Deed - provides a power of sale Irr. din.. 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 trustoi than a [Mortgage in the event of a default or breach of obligation by the Trustor.. If the Trustee v.eercises the power of sale upon the occurance of Trustor's default without cure, the Trustor has no right to prevent,a prait, if the time granted by the Trust Deed to cure a default has expired. GATED MAt'C:I r3'1989 OCCIDENTAL: NEeRA,S FEDERAL SAVINGS BANK l:- By �. We, the undersigned, have applied to Occidental Nebraska for a loan. The taan,will be evidenced by a Promissory Note. the payment of which is to be secutti 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 eze outing is a Trust Deed and not a Mortgage, and that the power of sale provided for in the Trust Deed provides aubstantiaily different rights and obliga- tions to Tristors than a Mortgage in the event of a default or breach of obligation. Wo, the Tnzars, acknowledge tha3 this Disclosure was made prior to the execution of the Deed of Trust. DATE MARCH 8,1989 TRU9TOR JE Y L. J MZS TRUSTOR ALETHE S. SAIDMS STATE OF NEBRASKA 1 ss- COUNTY OF HALL The foregoing instrument was Mknttwledged tmfore me IN 8TH day of MARCH L 1989 � b JERPY L. SANNES AND ALETHE SANNES, HUSBAND AND WIFE Y _ - 'tAt. -- - - �- - — I n� } (R5 rs -F C. i r 220600868 f DISCLOSURE gg,.; 101264 To: JERRY L. SANNES and ALETHE B. SANNES hereinafter designated Trustors. 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 Trust Deed which Incorporates the provisi ms of the Nebraska Trust Deed Act. Said Deed of Trust covers the following described property: LOT TEN (10) , BLOCK= ":- '3) , OLDE FILL, S --VISION TO THE CITY OF GRAND ISLAND, HALL COUN'PY, NEBRASKA.. Beneficiary 4Awloses to Trustor that said Trust Deed is not a Mortgage, and, further, that the Trust Deed - provides a power of sale Irr. din.. 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 trustoi than a [Mortgage in the event of a default or breach of obligation by the Trustor.. If the Trustee v.eercises the power of sale upon the occurance of Trustor's default without cure, the Trustor has no right to prevent,a prait, if the time granted by the Trust Deed to cure a default has expired. GATED MAt'C:I r3'1989 OCCIDENTAL: NEeRA,S FEDERAL SAVINGS BANK l:- By �. We, the undersigned, have applied to Occidental Nebraska for a loan. The taan,will be evidenced by a Promissory Note. the payment of which is to be secutti 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 eze outing is a Trust Deed and not a Mortgage, and that the power of sale provided for in the Trust Deed provides aubstantiaily different rights and obliga- tions to Tristors than a Mortgage in the event of a default or breach of obligation. Wo, the Tnzars, acknowledge tha3 this Disclosure was made prior to the execution of the Deed of Trust. DATE MARCH 8,1989 TRU9TOR JE Y L. J MZS TRUSTOR ALETHE S. SAIDMS STATE OF NEBRASKA 1 ss- COUNTY OF HALL The foregoing instrument was Mknttwledged tmfore me IN 8TH day of MARCH L 1989 � b JERPY L. SANNES AND ALETHE SANNES, HUSBAND AND WIFE Y _ - 'tAt. -- - - �- - — I n� } (R5 rs -F