Laserfiche WebLink
i <br />TA <br />A <br />«ss► 86. 104202 <br />DISCLOSURE 21804186 <br />To: Craig C. Tystad and <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 />ProP" -'Lot Two (2), Colonial Estates Fifth Subdivision, in 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 if the time granted by the Trust Deed to cure a default has expired. <br />DATED July 24 1986 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 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 ex ' n of the Deed of T st. <br />DATED July 24 1986 <br />TauST <br />J J <br />'FUS'OR <br />STATE OF NEBRASKA } <br />Ha 1.1 ) ss. <br />COUNTY OF ) <br />?4th tiny <br />The foregoing instrument was acknowledged before me this _.____- -day of <br />L1.9 N6 Craig C. TyArad <br />by <br />._- _.a... ------- .. ....._._-_ -. __. - _.__.. _. Tru Stor <br />GiN��JN ifftldt9 -StJY 1N (ilktlti �, '. <br />„ <br />E-� <br />M, e Wa4AIV � <br />