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86100227
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86100227
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Last modified
10/18/2011 5:43:12 AM
Creation date
3/31/2008 1:56:46 PM
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DEEDS
Inst Number
86100227
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F <br />L <br />Q�c=ras�ca BANK <br />5A <br />8 - 100227 <br />MSCL,OSURE 45589 -1 <br />To: Rnnatd I-- and Patricia J Jensen <br />hweiloWter de*puxted TnWor's. <br />Federal Savings Hank, hereinafter referred to as Beneficiary, does by this Disclosure state <br />#W the form of security agreement securing payment of a Promissory Note to be executed by Trustors is a Trust Deed <br />which incorporates the provisions of the Nebraska Trust Deed Act. Said Dead of Trust covers the following described <br />Propertr Lot Ten (10), Capital Heights Eighth Subdivision, Hall County, Nebraska. <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 />If the Trustee 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 />DATED January 14 1986 OCCIDENTAL/NEBRASKA FEDERAL SAVINGS BANK <br />By - <br />ri 1 <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 OccidentalMebraska. We acknowledge and understand that the document we are executing is a Trust Deed and <br />not a Mortgage and that the power of sate provided 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 obligation. <br />We, the Trustors, acknowledge that this Disclosure was made prior to the execution of the Deed of Trust. <br />DATED January 14 1986 TRUS" <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF Hall i <br />The foregoing Instrument was acknowledged before me this <br />TRUSTGR <br />14Yh -day of _ January <br />_. Truslors <br />�I <br />
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