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IAL RE-RECORDED NEBRASKA. 89`00 102885 (DFECRWM � 180= IN M 220600868 DISCLOSURE g � 10126 4 9 JERRY L. SANNES ALETHE B. SANNES To: and hereinafter desigowed Trustors. Occ�49ntal Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state that the fem of security agreement securing payment of a Promissory Note to be executed by Trustors is a Trust Deed which incorporates the provisions of the Nebraska Trust Deed Act. Said Deed of Trust covers the WMwing described LOT TEN (10), BLACK THREL" {3), OLDE MILL SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY, lal$ ! XA. 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 wit.�^...•'t t —rw"p ov- of ny, Court, The Trust Dwd prcvid~ s::�..s:°ztia!i„ djf �•r,�t rights and abl ^ -stiorm to the Tru je c% - 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 occurance of Trustor's default without cure, the Trustor has no right to pm a We if the time granted by the Trust Deed to cure a default has expired.. MARCa 8,196.9, DATED OCCIDENTAL NEBRAS FEDERAL SAVINGS BANK B y -� We, the undersigned, have applied to Occidental Nebraska for a loan. The Wan wilt.belevidenced by a Promissory 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 execut mg is a Trust Deed and not a Mortgage, and that the powev'of sale provided for in.the Trust Deed provides substantially different rights and obliga- tions to Trustors than a Mortgage in the event of a default or breach of obligation. .We, the Trustors4..0*naivledge that this Disclosure was mWe•prior to the execution of the Deed of Trust. DATE MARCH 8,1989 z TaussoR 3E� Y L. .Ai IT.MS TRuSTOR ALETHE B. SANNES STATE OF NEBRASKA ) SS. COUNTY OF MALL The foregoing Instrument was acknowledged before me this 8TH _.. day of_ .._MAr�ctiT.__.. Lttls� by JERRY L. SANNFS AND ALETHE B. SAh -NES, HUSBAND AND 6JLFE Trustors 7. . - %f rt [ 14 __J