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s f <br />(DACCIDENTAL <br />PWMALSOMM MA a7-- 140021 <br />1 23500664 <br />tNSCLOSURE <br />To: <br />Richard K. Wright and Nancy K. Wright <br />' <br />hereinafter designated Trusters. <br />Occidental Wwaska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state <br />Mal 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 />PrOPWKLot Twenty Four (24), R b 8 Subdivision, in Hall County, Nebraska. <br />Bee Wki ary 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 January 2 1987 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By <br />We, the undersigned, have applied to Occidental Nebraska for a loan. The ban YAII 4idenced by a Promis- <br />sixy 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 TnMors, acknowledge that this Disclosure was made prior to the ex9sqWn of the Deed of Trust. <br />DATED January 2 1987 L <br />*AUST <br />i <br />*AU$TOh <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF Hail <br />2nd January <br />The foregoing instrument was acknowledged before me this day of <br />L1987 by _ Richard K. Wright and Nancv K. Wright <br />Trusters <br />it ^. t rntAth' State M tYktrit - r'c � --� - "` <br />REPON KAY LOWRY t-- �`.► —`- C-it., _ _ _ _ _ <br />f r e #1 Gwa E* Avg ii t9R <br />