87101837 - Laserfiche WebLink

Browse

Beneficiary disdoses to TrusW that said Trust Deed is not a Mortgage. and, further, that the Trus t Dead provides a Po-- W of sale in the TniitM which power of sale is exercisable under the provisions of the Nebraska Trust Deed Act wtlhorrt the approval of any C;ourt. The Trust Deed provides substantially different rights and obligations to the Thislor than a Mortgage in the event of a default or breach of obligation by the TrustDr. If the TnXW MWOM the Power Of 3810 upon the occurrence of TnxAoes default without am the Thow has no right to prevent a sale If the time, granted by the Trust Deed to are a default has aqxrecL April 2 1987 DATED OCUDENTAL NEBRASKA FEDERAL SAVINGS RAW By zle We. the undersigned, have applied to Occidental Nebraska for a loari. The loan will be evidOnced by a PmOn't- sory Note, the payffient of which is to be secured by a Dead of Trust. We havir read the above Disclosure Presented So us by Occidental Nebraska. We acknowledge and understand that the docurneit we are WWMAMg W -a Trust Deed acrd not a=-Mortgage, and that the power of sale provided for in the Trust Deed provkles substantially diflenint rights and obligations to Thators Sm a Mortgage In the want of a default or breach of obligabom We. the Tnmftm acknowledge VW this Disclosure was made prior to the execution of the Dead of Trust ..Apr i 1 2 1987 STWE -Of.*IEBRASKA DOUNTY Opal I a& 2nd April The *irejoft fratrurrient was acknowledged before me this —day of 1987 Alan L. Peterson and Deborah J. Peterson L. . — by GEK1h VUARY�R* of ftrab VARY A WWW W134 Pulktc Trustors. .U, I