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<br /> 9 9 10 S 5 8 4 NEBR.ASKA DEED OF TRUST -�"'.� � � o
<br /> THIS DEED OF TRUST is made as of the 28th day of June, 1999, ��
<br /> by and among Scott C. Lane and Cindra K. Lane, ("Trustors"), whose ( �
<br /> mailing address is 805 E. Sunset, Grand Island, Nebraska, John R. u �
<br /> Higigns, Jr., ("Trustee"), whose mailing address isP. O. Box 429, Grand �
<br /> Island, Nebraska, and Bernadine Elrod, ("Beneficiary"), whose mailing
<br /> address is 103 E. 5th, Grand Island, Nebraska.
<br /> FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers,
<br /> conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE,
<br /> for the benefit and security of Beneficiary, under and subject to the
<br /> terms and conditions of this Deed of Trust, the real property located in
<br /> the City of Grand Island, County of Hall, State of Nebraska, and
<br /> described as follows: (the "Property"):
<br /> Lot Four (4) Concannon Subdivision, Grand Island,
<br /> Hall County, Nebraska
<br /> TOGETHER with, all rents, easements, appurtenances,
<br /> hereditaments. The Property and the entire estate and interest
<br /> conveyed to the Trustee are referred to collectively as the "Trust
<br /> Estate."
<br /> FOR THE PURPOSE OF SECURING:
<br /> a. Payment of indebtedness in the total principal amount of
<br /> $37,590.61, with interest thereon, as evidenced by that certain
<br /> promissory note of even date (the "Note") with a maturity date of JULY
<br /> 1, 2001 executed by Trustor, which has been delivered and is payable to
<br /> the order of Beneficiary, and which by this reference is hereby made a
<br /> part hereof, and any and all modifications, extensions, and renewals
<br /> thereof, and,
<br /> b. Payment of all sums advanced by Beneficiary to protect the
<br /> Trust Estate, with interest thereon at the rate of Nine and One Half
<br /> percent (9 1/2%) per annum.
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