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e <br />OCCIDENTAL <br />IIBRA$KA <br />�.. russan�wc 86-- 102591 <br />DISCLOSURE 23500405 <br />Melvin M. Edwards <br />To: and <br />hertliinafter designated Trustors. <br />Occider" Nebraska Federal Savings Bank, hereinafter referred to as Beneficiary, does by this Disclosure state <br />abet the tam of security agreement securing payment of a Promissory dote 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* Lot Sixteen (16) in Fairacres Dairy Subdivision of part of the Southwest Quarter <br />(SWI /h) of Section Twelve (I2) in Township Eleven (li) North, Range Nine (9) West of <br />the 6th P.M., in Ball 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 T;iust 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 />May 20 1986 <br />DATED OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK <br />By I - rzt <br />, <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 Disclosure was made prior to the execution of the Deed of Trust. <br />a <br />a 0 1 �, <br />4 7 : Kay y 2 986 _ �--- <br />STATE OF NEBRASKA I <br />COUNTY OF Nall 1 ss. <br />k <br />s <br />The foregoing instrument was acknowledged before me this v 20th_ day of May <br />1986 by Melvin M. Edwards <br />f!llaN fMtawl. of (111111a" <br />0l1at1[ 1tA7 l,Crfltit � -� •, <br />rf ilsl lM l4 n W <br />