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<br />I <br /> <br />(DaceIDENTAL <br />, NEBRASKA <br />. FEDERAL SAYINGS BANK <br /> <br />88- 102009 <br /> <br />DISCLOSURE <br /> <br />To: Van:>sdall Softball Fields, Inc. <br />hereinafter designated Trustors. <br /> <br />a~ <br /> <br />Occidental Nebraska Federal Savings Bank. hereinafter referred to as Beneficiary. does by this Disclosure state <br />that the form of security agreement securing payment of a Promissory Note to be execuied by Trustors is a Trust Deed <br />which incorporates the provisions of the Nebraska Trust Deed Act. Said Deed of Trust covers the following described <br />property: <br /> <br />SEE EXHIBIT "A" I1ERRlO ATrACHED <br /> <br />Beneficiary discloses to Trustor that said Trust Deed Is not a Mortgage. and. further, that the Trust Deed provides <br />a power of sale in the Trustee. which power of sale is exercisable under the provisions of the Nebraska Trust Deed Act <br />without the approval of any Court. The Trust Deed provides substantially different rights and obligations to the Trustor <br />than a Mortgage in the event of a default or breach of obligation by the Trustor. <br /> <br />If the Trust. exercises the power of sale upon the occurrence of Trustor's default without cure, the Trustor has <br />no right to prevent a sale if the time granted by the Trust Deed to cure a default has expired. <br /> <br />DATED 4/22/88 <br /> <br />OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br /> <br />By (;J~ ~-r"~'~ <br /> <br />We, the undersigned. have applied to Occidental Nebraska for a loan. The loan will be evidenced by a Promis- <br />sory Note, the payment of which is to be secured by a Deed of Trust. We have read the above Disclosure presented to <br />us by Occidental Nebraska We acknowledge and understand that the document we are executing is a Trust Deed and <br />not a Mortgage, and that the power of sale provicled for in the Trust Deed provides substantially different rights and <br />obligations to Trustors than a Mortgage In the event of a default or breach of oblication. <br /> <br />We, the Trustors. acknowledge that this Disclosure was made prior \0 the execution of the Deed of Trust. <br /> <br />DATED 4/22/88 <br /> <br />~DALL SO~ FIELDS, IN~_. <br />./ )9, lUc.tJ..j.,J t-' ,,1.~~i!v; i~'J/ <br />7 TRUSTOR' <br /> <br />v <br /> <br />TRUSTOR <br /> <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br /> <br />) <br />) 5S. <br />) <br /> <br />The foregoing Instrument was 8C'knowledged bofore me this ??M day of <br /> <br />APril <br /> <br />L <br /> <br />..2J81bV v;LQ (1) ~ I'-..R .J) t'l ,,1(YJ <$.(Jtf1 e / <br />Vaoosdall Soft.OO.ll Fields, Inc. <br /> <br />President of <br /> <br />. Truslors. <br /> <br />.J:GOlMl IIQ1AiV-SUtll\f lhWasu <br />W1UIAII ..CKMAN <br />IIrClla"~!\ I. <br /> <br />C )-c-'C,t'nr~''- /5~~.~~n~'-) <br /> <br />NQUAY I'V8llG <br /> <br />1:-13t <br />