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1. James A» Grimes <br />hereinafter dmgnated Trustors. <br />[ P2 <br />I IZ �.. L T " <br />s o <br />and <br />Frances M_ :Grimes <br />iir ■ � E <br />2190 4D 46 <br />Occ dental'Nebraska Federal Savings Bank, bereinafte- - eierreo to as Beneficiary_ does by this Disclosure state <br />that the iurm of security agreement securing payrnerit of a Promissory (vote to be executed by Trustors is a Trust Deed <br />which macirporales the rrovisions of the Nebraska Trust Deed Act. Said Deed of Trust covers ?he following described <br />Propefty-lot seven (') Amick Acres Second Subdivision in Sall 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 exercisabie 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 />Shan a Mortgage in the event of a default or breach of obligation by the Trustor. <br />tf the Trustee exercises the power of sale upon the occurrence of Trustors 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 />DATE[) February <br />6 1986 <br />OCCLIDEDITT A_ NEBRASKA FEDERAL SAVINGS BANK <br />By <br />We, the undersigned, have applied to Occidental Nebraska for a loan. The loan dill be evidenced 5y a P-omis- <br />Wry Nate, the payment of which is to be secured by a Deed of T-ust. We have read the above Disclosure presented to <br />us by Occidental Nebraska. We acknowledge and understand thai 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 substantially different rights and <br />DbhgOons to Trustors than a Mortgage in the event of a default o Breach of obligation. <br />We, the Trustors, acknowledge that this Disclosure was made prior to the execution of the Dead of Trust. <br />DATED February 6 1986 <br />STATE OF NEBRASKA <br />ss. <br />COUNT' OF Hall ) <br />TRL'S"O� <br />iq;;c�nq <br />The foregoing instrument was acknowledged before me th;s _5th day of <br />1986 by <br />.lames A. Grimes imd Frances Ai_ Grimes <br />February <br />T•r5tnr__ <br />R <br />