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OCCIDENTAL <br />NEBRASKA 86_, 103819 <br />FEDERAL SAVIINGS BANK <br />©iSCLOSURE <br />2146539 <br />To: Mark E. Barnett and Deborah S. Barnett ` <br />hereinafter designated Trustors. <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 />ProPertY:Lot Three (3), Block (2), Le Heights Second Subdivision, 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 />Ju ly 3 i986 <br />DATED _ _-- .— ___.___ OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By�Clet.ii_.s_L C <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 sate 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 />July 6 1956 <br />DATED <br />STATE OF NEBRASKA <br />ss. <br />COUNTY OF lia l i ) <br />6611 u1v <br />The foregoing msUument was acknowledged before me 1,N5 day of <br />l �86 s`fy Ck L. Ra r-.w tt :.tut 0m, i)o T'!i; +. BsAr"- -:'t.t <br />by <br />a" NIAAY -StA of I*ai, <br />DE111084 KAY LOWAY <br />ltfi t r tq A 75 'A7 <br />