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86_. 1051 .39 OCCIDENTAL <br />w-8 <br />L�N /INiiil1ANK <br />DISCLOSURE 21804254 <br />To. Peter L. Molsen and Janelle Molsen <br />hereinafter designated Trustors. <br />Occidental Nebraska Federal Savings. Bank, hereinafter referred to as Beneficiary, does by this Disclosure'eftte <br />that the form of security agreement securing payment of a Promissory Note to be executed by Trustors is a Trust heed' <br />whicFt incorporates the provisions of the Nebraska Trust Deed Act, Said Deed L of Trust covers the toHcwing d&=Jbed <br />Property-Lot Twenty Three (23), in Brentwood Third Subdivision, in the City of Grand island, <br />Hall County, Nebraska. <br />Beneficiary discloses to Trustor that said Trust Deed is not a Mortgage, and, further, that the Trust Deed provides <br />3 <br />a power of sale in the Tnistee, which power of sale. is exercisable under the provisions of the Nebraska Trust Deed Act <br />without the approval of any Court. The Trost 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 />: <br />It the Trustee exercises the power of sale upon the occurrence of TrusWs default without cure, the Tnator has <br />no right to prevent a sale if the time granted by the Trust Deed to cure a default has expired. <br />September 10 1986 <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 iced by a Prom, <br />sory Note, the payment of which is to be secured by a Deed of Trost: We have read the above Disclosure presented to <br />us' by Occidental Nebraska We acknowledge and understand that the document we are exeduiing is a. Tnrst 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 execution of the Deed of Trust. <br />DATED September 10 1986 <br />TRtiSTOR <br />t 7 <br />TRMTOR <br />STATE OF NEBRASKA ? <br />j ss. <br />COUNTY OF Hall <br />10th September <br />The foregoing instrument was acknowledged before me this day of , <br />1986 by Peter L. Molsen and Janelle Molsen <br />rt` <br />Truk tors. <br />1141041W ` ` <br />GiN:FAi WAA S* of -- <br />D9011SE KAY LOWRY <br />my tau► 4 4A IV <br />