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� � -- --- � ��i06'792 � LN � 210048A1� DISCLOSURE TO:�,.�,T.CBAEL,_L.._Rr�xT*� _and T�(.'QjTF=T.TNF! Ty�BLiRKT�p( - . hereinaiter designated 7rustors. � Occidental Nebraska Savings Bank, F.S.B., hereinafter referred to as Be�eficiary, daes by this Disalosure state ihat the form of security agreement securing payment oi a P�omissory Note to be executed by T�usto�s is a Trust Deed � which incorpo�ates the p�ovisions oi the Nebraska Trust Deed Act, Said Deed of T�ust covera the foliowing descNbed � properry: i I THE WESTERLY SIXTEEN (16) FEET OF LOT THREE (3) � AND THE EASTERLY THIRTY FOUR (34) FEET ` ' ' dF FRACTIONAL LOT FOUR (4) , IN FRACTIONAL BLOCK ONE (I), IN ELM PLACE ADDITION TO THE � CITY OF GRAND ISLANA, HALL CpUNTY, NEBRASKA. �. i • , � � �� ' Beneficiary discioses to T�ustor that said T�ust Deed is not a Mortgage,and,further,that the Truat Deed provides j s �� - ' a power ot sale in the Trustee,which power of sale is exercisable under the provislons of the N�braska Trust Deed Aci = - '. without the approval of any Court. The Trust Oeed provides substantially dlfferent rights and obligations to tha Trustor i . than a Mortgage in the event of a default or breach of abligatlo� by the Trustor. � If the T►ustee exercises the powar of sale upon ths occurance of Trustor's de}sult without cure�the T�usto�has no � �ight to prevant a sale if the time granted by the Trust Deed to cure a default has expi�ed. - � � i � ' DATED 1]Rj`RhtAFR �S,iA�A OCCIDENTAL NEBRASKA SAVINGS BANK� F.S.B. � ' • { , By unac.� 0 . . � , ,��- We,the undersigned,have appUed to Occidental Nebraska for a loan.The loan will be evidenced by a Promissory � �-- Note, the payment of which is to be se�ured by a Deed o4 Trust. W�have read the above 0lsclosure presented to us by Occidantal Nebraska.We acknowledge and understand that the dxument we are executing is a T�ust Deed and not �{� ' a Mortgage, and that the power of sate provided for in the T�ust Deed provides substantially different rights and obliga- tions to Trustors than a Mortgage in the event of a defautt or breach of obligation. ; ; We, the Trustors, acknowledge that this Disclosure was made prior to the execution of the Deed of Trust. � DATE PEc-F.�FU ,g,,,igg,� �� ,L2��-�j� c � � MICHAEL L. BURKINK Ti7USTOR � � . s G r CQ INE I�. BURKINK sr a . STliTE O� NEBRASiCA ) '-- � . � ) ss , COUNTY�F �,L ) I . The taregoing instrument was acknowledged before me this i s� day o4 nFC�r�FR . � L ],QAQ b�/ MrrsrnFr. t. gUgg,ulx �_,JAC(�t?F'T.TNF T._ PTTRKTNKT�fj1SRANn AA1i) W7FF. � � - --- ---- ------- - _�.___.....-- -- --- � 1'rustors. � -�(�[�ra.,'.,.e�e■�tc1ya`eaywn'�m. � � pC7R�wY1M�•v��i0�}'.... � � r / �a .. i.iNO�oBearriue�r " G��r.� C C.��rn� � �e� �e'�'�iAy Comn►EuD Much 7.15:�3 ---- .. . acrnr,��uEi�-�r � � • �r •u�:.� �•.a-� _ �