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Lin <br />IEENTAL <br />c 86-- 102683 <br />DISCLOSURE 2146438 <br />Stephen Oven Christian <br />TO: and Peggy 'lane Christian <br />INN inafter designated Trustors. <br />Occidental Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state <br />OW the form of secunty agreement securing payment of a Promissory Note to be executed by Trustors is a Trust Deed <br />which WCOrporatea the provisions of the Nebraska Trust Deed Act_ Said Deed of Trust covers the following described <br />PrOPOrtY Lot Five (S), Imperial Village Eighth Subdivision, 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 obigation by the Trustor <br />If the Trustee exercises the power of safe upon the occurrence of Trustor s default without cure, the Trustor has <br />no right to prevent a sate it the time granted by the Trust Deed to cure a default has expired. <br />!lay 2? <br />DATED OCCIDENTAL /NEBRASKA FEDERAL SAVINGS BANK <br />By <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 safe provided for m 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 May 1986 <br />t <br />STATE CW NEBRASKA i <br />COUNTY OF Ha 1 I , ss <br />:,3rd Hav <br />The IorrtgoinD instrument was acknowledged before me IRIS _ + of <br />1986 , St+rpheri (Ver, "hrIAtinn irid i'eggy Karir-. C'hristIan <br />E6 x i xltfih RAY Umay <br />