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86-- 107475 <br />23500665 <br />To: Robert J. Niemann and Judith G. Niemann <br />hereirm0er designated Trustors. <br />Occidental Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state <br />OW the farm of security agreement securing payment of a Promissory Note to be executed by Trustors is a Trust Deed <br />which inoorporatss the provisions of the Nebraska Trust Dead Act. Said Dead of Trust covers the following described <br />PMP9rW*Lotz Twenty Five (25) and Twent Six (26), Sass Second Subdivision, located in <br />Section Fourteen (14) Township Eleven (11) North, Range Nine (9) West of the 6th <br />P.M., 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 sate in the Trustee, which power of sale is exercisable under the provisions of the Nebraska Trust Dead Act <br />without the approval of any Court The Trust Dead 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 December 24 1986 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 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 Trustors, acknowledge that this Disclosure was made prior to the execution of the Deed of Trust. <br />DATED December 24 1986 i <br />TRU"" <br />TpU$T <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF Ha 11 <br />24th December <br />The foregoing instrument was acknowledged before me this day of <br />1986 py Robert J. Niemann and Judith G. Nieman <br />Trustors. <br />GrNE?AL hEOTi, <br />MY P 1pH+. t"' <br />