Laserfiche WebLink
To: Elmer C. Perrill <br />hewafter desigriated Trustors. <br />ac CA.L <br />� s�vfilf>rss Isnlr�nc <br />DISCLOSURE <br />and <br />86, 101325 <br />Delores C. Perrill <br />21804073 <br />Occidental Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state <br />that 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 Deed of Trust covers the following described <br />propertf. Eight (8) in Sunset Sixth Subdivision, being part of Lot One .(1) Sunset <br />Subdivision and appart of the NE1 /4 of Section Eleven (11) Township Eleven (11) <br />North, Range Ten (10) West of the 6th P.M., 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 March 14 1986 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By2:�� <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 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 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 March 14 1986lyrte2 P <br />TRUSTOR <br />M. <br />TRUSTOR <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF Hall ) <br />The foregoing instrument was acknowledged before me this _ 14th_day of March <br />L1986 by ___Elmer C. Perrin and Delores C. Perrili <br />__.., Trustors . <br />4a 0 <br />oEMae xAV LOW_ <br />w u.. <br />I* A* 2L t9If <br />