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M x D <br />n n cn <br />{ n n o C <br />L3 <br />C c N C <br />p w DEED OF TRUST N oZ <br />iAl � <br />THIS DEED OF TRUST is made on 33212003 among the Truster, <br />ALLAN C PAYNE, JR CYNTHIA PAYNE AKA CYNTHIA L PAYNE HUSBAND AND WIFE <br />6� <br />(herei^ "Bonowar "l, Centres Federal. credit Union (herein "Trustee "), and the <br />Beneficiary, Ceotris Federal Credit union a corporation organized and existing under the <br />laws of MU. whose address is <br />343 N 114 Street. Omaha. NE 68154 <br />(herein "Lender ") <br />BORROWER, in consideration of the indebtedness herein recited and the trust herein created, irrevocably <br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the <br />County of HALL , State of Nebraska: <br />LOT ONE HUNDRED FIVE (105) AND THE SOUTH THREE (3) FEET <br />OF LOT ONE HUNDRED SIX (106), IN WEST LAWN, IN THE CITY <br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />which has the address of <br />Nebraska 68803 -2745 (herein "Property Address "); <br />ZPC.dW <br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, <br />appurtenances and rents (subject however to the rights and authorities given herein to Lender to collect and apply <br />such rents), all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; <br />and all of the foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a <br />leasehold) are hereinafter referred to as the "Property "; <br />TO SECURE to Lender the repayment of the indebtedness evidenced by Borrower's note dated 03/21/2003 <br />and extensions and renewals thereof (herein "Note"), in the principal sum of U.S. $ 39500.00 , with interest <br />thereon, providing for monthly installments of principal and interest, with the balance of the indebtedness, if not <br />sooner paid, due and payable on o3/25 /2o09 ; the payment of all other sums, with interest thereon, advanced in <br />accordance herewith to protect the security of this Deed of Trust; and the performance of the covenants and <br />agreements of Borrower herein contained. <br />Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant <br />and convey the Property, and that the Property is unencumbered, except for encumbrances of record. Borrower <br />covenants that Borrower warrants and will defend generally the title to the Property against all claim nd <br />demands, subject to encumbrances of record. A <br />ENElr6- -110 10001 IL ri`r tt49LL <br />