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TAB <br />106120 <br />DISCLOSURE 2146893 <br />To: Rick A. Fila _ and Sheila T. Fila <br />hereinafter dsaignated Trustors. <br />Occidental Nebraska Federal Savings Banc, hereinafter referred to as Beneficiary, does by this Disclosure state <br />that the form of security agrosment 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 />ProPertkot Hine (9), Imperial Village Fifth Subdivision to 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 October 23 1986 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By zgkl� <br />We, the undersigned, have applied to Occidental Nebraska for a ban. 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 />obligatons 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 Oc tuber 23 1986 } <br />TRUSTOR <br />TRUSTOR <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF Ha 11 ) <br />The foregoing instrument was acknowledged before me this _23rd day of October <br />L1986 by Rick A. File and Sheila T. File <br />- -- - --- - -- -- - - - -- --- -- - - -- <br />Trustors <br />Y alf* 11111M1'" ✓w 111111111011111 <br />vi/Mat ILAi wR� • = `S' J�� C<y \\ i 64y, 'j "j <br />�,.��. w fMl � � � titlA -.._.� - - ♦w J9iti: A�^'-- <br />