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%�EHTAL 86- 106521 <br />ASIA <br />�l�w�as��wc <br />DISCLOSURE <br />2146956 <br />To: George A. Poullos and Jody J. Poullos <br />heroinafter designated Trustors. <br />Occidental Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, dces 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 />ProPertylot Twenty Six (26), Block Four (4), in Replat of Riverside Acres, an Addition to <br />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 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 <br />31 1986 <br />OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By <br />We, the undersigned, have applied to Occidental Nebraska for a loan. The ban 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 Discl tsure a s tie prior to ex ion of the Deed of Trust. <br />DATED October 31 1986 <br />2L,1 - �-�/ <br />/ TRUSTOR <br />TRUSTOR <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF Hall ) <br />The foregoing instrument was acknowledged before me this 31st day of October <br />1986_ by George A. Poullos and Jody J. Poullos <br />- - -- ,_ Trustors. <br />GtlgMt IO1MY•Stri N tllGaw <br />D1Ntti1 RAtr lawny <br />VCT�R UPIt / <br />i. <br />J <br />