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DISCLOSURE 2146883 <br />To, Steven A. Msrkh" and Elaine K. Markhan <br />hweinaller designated Tnallors. <br />Occidental Nebraska Federal Savings Bank hereinafter -aft, d to as Beneficiary, does by We Disclosure state <br />that Ow form of security agreement searing payment of a Promissory Note to be executed by Trust" 16 a Trust Dead <br />which inoorpmaus the provisions of the Nebraska Trust Dead AcL Said Deed of Trust covers the followriirig described <br />PMPWWI.t Seven (7) and the West Twenty Three (23) Feet of Lot Eight (8), in Block Four <br />(4), Pleasant View Addition to the City of Grand Island, Hall County, Nebraska. <br />Beneficiary discloses to Trustor that said Trust Dead is not a Mortgage, and, further, that the Trust Dead 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 />wWw#A the approval of any Court The Trust Deed provides substantially different rots 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 TrustDr3 default without cure, the Trustor has <br />no right to prevent a sole d the time granted by the Trust Dead to cure a default has expired. <br />DATED October <br />9 1986 <br />OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By a:e M...' <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 Dead of Trust. We have read the above Disclosure presented to <br />to by Occidental Nebraska_ We acknowledge and understand that the document we are executing is a Trust Dead 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 Trustiors, acknowledge that this Disclosure was made prior to the execution of t Dead of Trust. <br />DATED Oc tober 9 1986 <br />I <br />Mr.! <br />STATE OF NEBRASKA <br />ss <br />CjDUNTY OF Hall <br />The foregoing instruimeril was acknowledged before me this _ 9th -day of October <br />- - <br />14jigi_ by Steven A. Rarkhan and Elaine X. Karkhas <br />Tristors <br />