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�0,.C. C 10 E N TA L <br />101900 <br />DISCLOSURE 2146179 <br />To: Robert James Ehrlich and Carol Lynn Ehrlich <br />hereinafter designated Trustors. <br />Occidental Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, do" by this Disclosure state <br />OW the Ib" Of Security aWamnent securing payment of a Promissory Note to be executed by Trustors is a Trust Dead <br />which irmrPoratn the provisions of the Nebraska Trust Dead Act. Said Deed of Trust covers the following described <br />ProPwty*Lot Three (3), Colonial Estates 5th Subdivision, to the City of Grand island, Hall <br />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 it the time granted by the Trust Deed to cure a default has expired. <br />April 15 1986 <br />DATED OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <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 />riot 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 Apri 1 15 1986 <br />MUSTOR <br />TAUSTOR <br />St�TE OF NEBRASKA <br />C&WTY OF -114 1 11 ss. <br />The foregoing instrument was acknowledged before me this 15th day of April <br />1986 by . Robert James Ehrlich and Carol Lynn F.hrlich <br />Trustors. <br />I A NOW <br />opaMf AV L=V <br />