Laserfiche WebLink
Y <br />OCCIDENTAL <br />NEBRASKA <br />FEDERAL SAVINGS BANK <br />DISCLOSURE <br />87- 101715 <br />21804378 <br />To: Richard W. Tredinnick and Eileen A. Tredinnick <br />hereinafter designated Trustors. <br />Occidental Nebraska Federal Savings Bank, hereinafter refwW to as Beneficiary, does by this Disclosure staff <br />#0 the form of security agreement securing payment of a Promissory Note to be executed by TruStws is a Trust Deed <br />which incorporates the provisions of the Nebraska Trust Deed Act Said Deed of Trust covers the inum g described <br />ProPerlyLot Two (2), in Block Three (3), Lake Davis Acres Subdivision, Hall County, Nebraska <br />Beneficiary discloses to Trtstor that said Trust Dead 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 />Ow a Mortgage in the event of a default or !reach of obligation by the Trustor. <br />If the Trustee exercises the power of sale upon the occurrence of Trusws default without rime, the Tnustor has <br />no right to prevent a sale if the time granted by the Trust Deed to are a default has expired. <br />DATED March 30 1987 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By <br />We, the undersigned, have applied to Occidental Nebraska for a loan. The foar wci be evidenced by a Promis- <br />sory Note, the payment of which is to be segued by a Deed of Test. We have read the above Discbsure 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 provided for in the Trust Deed provides substartiatfy difisrard rights and <br />obligations to Trustors than a Mortgage in the event of a default or breach of obligation. <br />We, the TrusstDrs, acknowledge that this Disclosure was made prior to the execution of the Deed of Test <br />DATED March 30 1987 <br />r>a'4 <br />Richard W. Tredi�rnrnick �o <br />Eileen A_ TredinniWoP <br />STA'T'E OF NEBRASKA ) <br />COUNi1' OF It <br />11 ) <br />30th March <br />The foregoing instrument was acknowledged before me this day of <br />1987 Richard W. Tredinnick <br />-- by <br />Will <br />MO.QA A, rULTf <br />a�wr K, fl for , <br />NOTARY PtMUC <br />Trustors. <br />std <br />