86103157 - Laserfiche WebLink

Browse

Beneficiary discloses to Trustor that said Trust Deed is not a Mortgage, and, further, that the Tent Deed provides a power of sale- in the Trustee, which power of sale is exercisable under the provisions of the Nebraska Trust Deed Act without the approval of any Court. The Trust Deed provides substantially different rights and obligations to the TrusW than a Mortgage in the event of a default nr breach of obligation by the Trustor. It the Trustee exercises the power of sale upon the occurrence of Trustor's default without cure, the Trustor has no right to prevent a sale if the time granted by the Trust Deed to cure a default has expired. June 13 1986 DATED OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK By We, the undersigned, have applied to Occidental Nebraska for a loan. The loan will be evidenced by a Promis- sory Note, the payment of which is to be secured by a Deed of Trust We have read the above Disclosure presented to us by Occidental Nebraska We acknowledge and understand that the document we are executing is a Trust Dead and not; a Mortgage, and that the power of sale provided for in the Trust Deed provides substantially different rights and obligations to Trustors than a Mortgage in the event of a default or breach of obligation. We, the Trustors, acknowledge that this Disclosure was made prior to the execution of the Deed of Trust. C C DATED June 13 1986 � ��c C- TRUSTOR TRUSTOR N JI '�iATr Q� I3RASKA as. vOLRM OF . HA I 1 i 13th June The foregoing instrument was acknowledged before me this --day day of 1958 by Jerome J. Pollart and Paula J. Pollart Trustors. ...,,..�..,...., r' i i'' t±aw61111 tug 1.0110111 ot Gan14iaW