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F <br />M <br />(I)IMMMAILSWmes"M 86— n NTAL <br />NEBRASKA <br />100924 <br />DISCLOSURE 2146030 <br />To: Kent E. Krichau and Catherine S. Krichau <br />hereinafter designated Trustom. <br />Occidental Nebraska 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 />Lot Twenty Four (24), in Western Heights Fourth Subdivision, 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 safe 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 February 26 1986 OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By <br />L' <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 Deed and <br />not a Mortgage, and that the power of sate 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 February 26 1986 <br />TRUSTOW <br />TRUiT.'JR <br />STATE OF NEBRASKA <br />> ss. <br />COUNTY OF Ha 11 <br />2601 February <br />The foregoing instrument was acknowledged before me this _____.______day of <br />by __t:enr t: Krichau and Catherine S. Frichau____- <br />Gt*jk tl 11#1•Stl! M MAID <br />OEmml RAY �Ott111Y <br />Mr (AMR t* Alt 310 <br />Truslors <br />_.1 <br />