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ABKA <br />ORAL MV08 /ANK 87. 102622 <br />r <br />DISCLOSURE 2147678 <br />To.. Patricia K Frederick W. Hots <br />{ and Hotz <br />hwWnMer designed Tnuefors. <br />s` <br />Occidental Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state <br />"M <br />whild the Corm Of ash► agrNment aeeurkg payment of a PronNsaory Note to be executed by Trustors is a Trust Deed <br />InoorporatM the provfslOris of the Notimaka Trust Deed Act Said Deed of Trust covers the following described <br />W�� <br />po%t Three (3), in Block One (1), in Windolph's Addition to the City of Grand Island, <br />hail County, Nebraska. <br />Beneficiary efaciosse to Trustor that said Trial peed is not a Mortgage, arid, further, that the Trust Deed provides <br />a power of eerie in the Trustee, which power of sale is exercisable under the provisions of the Nebraska Trust DOW Act <br />wilftout lief 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 />H the Trustee exercise the power of sale upon the occurrence of Trustor's default without cure, the Trustor has <br />no tight to prrveM a UM H the time granted by the Trust Deed to cure a default has expired. <br />DATE& 5 1987 <br />OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />BY <br />We, the undersigned, have applied to Occidental Nebraska for a ban. The ban will be evidenced by a Promis- <br />sory Note, ten payment of which is to be seared by a Deed of Trust We have read the above Discbsum presented to <br />us by Occidental Nebraska. We acknowledge and understand that the docwrtent we are executing is a Trust Deed and <br />not a Mortgage, and that the power of $ate provided for in the Trust Deed provides substantially different rights and <br />obligations to Trustom than a Mortgage in the event of a default or breach of obligation. <br />We, the TnustoM acknowledge that this Disclosure was made prior to the execution of the Deed of Trust. <br />TRI MSTai <br />T11USToA <br />5th May <br />The foregoing lostru m was acknowledged before me this day of _ <br />L 1987 Frederick W. Hotz and Patricia K. Hotz <br />by <br />DEWS KAT LOWRY <br />FE-114 <br />( Trustors. <br />- <br />NSl�C <br />j' <br />m <br />