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In <br />TAL 86 105851 <br />A <br />Aoeuu.Mrw."M <br />DISCLOSURE <br />23:500581 <br />To: <br />Eldon E. Kokes and Bonnie A. Kokes <br />hereinafter designated Trusters. <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 />PrcPilliftll of the Northerly Seventy -eight feet (78') of Lot Five (5), in Block Twelve (12), <br />in Schimmer's Addition to the City of Grand Island, 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 ,,.ovisions 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 />September 20 1986 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 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 />September 20 1986 <br />DATED <br />TAUSTOR <br />- <br />i <br />STATE OF NEBRASKA ) <br />) ss. <br />COUNTY OF Hal 1 } <br />2 Ot.h September <br />The foregoing instrument was acknowledged before me this ..___._ __._._._.. day cap ___.._.._...._.._..." ,.__,___ __, _.._..... _. _ "._...... <br />19�51s by 9 1don K. Kokeh and Bonnie A Kokes <br />KAY LO"V <br />