Laserfiche WebLink
NTAL 86- 106269 <br />' 3NCA <br />Ai> :A/MI I SAFM <br />DISCLOSURE 2146913 <br />To: Robert E. Anderson and Rosemarie M. Anderson <br />hereinafter designated Trustors. <br />Occidental Nebraska Federel 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 />PrOPOrtylot Ten (10), Block Three (3) in Replat of Riverside Acres, an Addition to the City <br />of Grand Island, Hall County, debraska. <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 />It 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 />October 31 1986 <br />DATED OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By <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 />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 October <br />31 1986 <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF Ha l l ) <br />31st <br />The toregoing instrument was acknowledged before me this <br />L1986 by Robert E. Anderson and Rosemarie M. Anderson <br />TRUSTOR <br />TRUSTOR <br />October <br />day of _ <br />Trustors. <br />. 1�h1�StNr a IrgMU <br />iWift+�se tawyu�r, �r ''{ <br />MOT=' <br />war oVBlll <br />