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OCCIDENTAL mebraska 65- 004782 <br />FEDERAL SA NGS BANK <br />DISCLOSURE <br />To: <br />D. Wayne Vanosdall and Bernice A. Vanosdall, Husband and Wife <br />hereinafter designated Trustors. <br />OccidsntaUNebraska Federal 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 />property: <br />PU E1111BIT "A" <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 />y <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 />�i <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 />tetnber 27, 1.985 <br />DATED OCCIDENTAL MEBRASKA FEDERAL SAVINGS BANK <br />By`JC. <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 OccidsMalMsbraska. 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 />J <br />DATED September 27, 1985 /i /�_�c' <br />I TRUSTOR <br />D. Wajn]eVafosda <br />ernice A. ano a-17 MUS,oR <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF HALL I <br />The foregoing instrument was acknowledged before me this __,27th _,__day of _.. ___Soptember <br />1985 by U�_ Wa ° Varx�sclal l aaxi 13crnicti A. V.vx)sd-' l 1 , I11"4XIni and Wi.f . <br />Trustors. <br />I ✓ <br />