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<br /> • WHEN RECORUED, MAQ.TO: This insttumrnt w�as preparrd by: ' ` ' ` -
<br /> •E1�AGENT ASORTGAGE COYtP. - ` �*
<br /> i 50 DATASTREAM PLAZA SUITE 201 • � �� �
<br />- -� GREEIWILLE,SC 29505 C�7.�. q���`�r �_ -- - . _T�
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<br /> L.oan No.50(34575 ,
<br /> � � Otder No.: `_�
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<br /> �� �Space Above This Lint Fur Reu+rdii� Datal - - - - -'-.- _.�-,-,,
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<br /> � DEED OF TRUST � , � ��
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<br /> ,' � THIS DEED OF TRUST is made this 18th day of March,1997, � �' �`��"�''' �`
<br /> y'ti:y�.
<br /> among the Trustor, WALTERR.�R�D,JR.AN�DEBRA S.HEROD,HUSBAND AND WIFE __
<br /> (herein 'Bonower"), . `:s�'-- ^
<br /> . tw—_-
<br /> ; (herein "Tivstee"),and the BeneSciary, � , �_
<br /> EMERGENT MOItTGAGE CORP., a corporation organized and � �:�'�—�
<br /> existing under the laws of, �•. ,.�����
<br /> - whose address is SO DATASPREAM PI.AZA SU11'E 201,GREENVII,LE,SC 29605 . • .` ��.�__�
<br /> (herein 'Lender"). � .• ; •
<br /> - BORROWER, in consideration of the indebteduess herein recited and the trusc herein created,irrevocably grants and cunceys . �-=�—
<br /> ; to Trustee in uust, with power of sale,the following described property located in the Counry of HALL, ' :"*�
<br /> • �,n�:
<br /> State of Nebraska: ' -
<br /> I., ` SEE�IT A . _ _ —.
<br /> which has the address of 817 WESf 11TEI 5°PR�ET .
<br /> :. � GRAND ISI.APID,NEBRASKA 6'33fl1 ;;,� '`�•'
<br /> (herein "Properry Address'); � ��„�: � �•i.
<br /> �i 's#• =r
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<br /> TOGETHER with all the improvemenu now on c�reafter erected on the property,and all zasements, rights,appurtenan:.�. � --�°�V' ' 1 i t �-`.� _-
<br /> and rents(subjeci however to the rights aad authorities given hetein to Lender to collect and apply such rents),all of which shall �����; `�� '`,�___
<br /> he deemed to be and remain a part of the property covered by this Deed of Trust: and all of the foregoing,together with said ��r� ': u.:Y
<br /> properry (or the leasehold estate if this Deed of Trust is on a leasehold) ue hereinafter refened to as the "Property";
<br /> � TO SECURE W Lender the repayment of the indebtedness evidenced by Bortower's uc:e dated March 18,1997 ':t � i�,. ..'.'
<br /> and extensions and renewals thereof(herein 'DIote").in the principai sum of U.S.S31,000.Q�. °'�;; .i;�;_
<br /> - with interest thereon, providing far monthly installments of principal and interese, with the balance of the indebtedness, if not �-�-t-.°'.
<br /> sooner paid,due and payabls on MercL 24,2007; � °°��—�
<br />- We payment of all other s�s, with interest thereon, advanced in accordance herewith w protect the security of this Deed of _�`_, �.� `''�"-°�3'-
<br /> , Trust;and We performance of the covenants and agreements of Bonower herein contained. "''�"�'- .v.
<br /> Borrower covenants that Borrqwer is lawfully seised of the estate hereby conveyed and has the right w grant and convey the � � .�.;v�,
<br /> Property,and that the I'roperty is unencumbered, except for encaunbrances of record.Bonower covenants that Borrower warrants _�a=
<br /> un -'°'k�`,
<br /> : and will defend generally the tide to We Property a0a, ±�Ct all claims and demands,subject to encumbrances of record. !�'_�
<br /> UNIFORM COVENANTS. Hoaower and I.e^3er covenant and agree as follows: _ �`
<br /> � • 1. Yay�ent of Prfnc6pal and Interest. Barru�.•er shall prompdy pay a',�.�n due the principal and interest indebtedness !"'._
<br /> y -. ,,,—
<br /> evidenced by the Note and late charges as provided in the Note. r;; -
<br /> 2. F�ds for TaxeS and Iasurance. S�bject to applicable law or a written waiver by Lender,Bosrower shall pay w Lender -- _---
<br /> on the day monthly payments of principal and interest are payable under the Note,until the Note is paid in fWl,a sum (herein � �°'�a�
<br /> "Ftwds") equal w one-twelfth of the yearly taxes and assesm►ents (inclu�� condomitnum and planned unit development '�°' • ��
<br /> assessments,if any)wtuch may auain griority over this Deed of Tn�st,and ground renu on[he Property,if any,plus one-twelN► '_��,F.,,:,;�-;
<br /> of yearl}premium instaltments for ha.�rd inswance, ptus oae-tweiRh of yearlypremium installments for mortgage insurance, if =- , _ .
<br /> � any,at1 as reasonably estimatefl initklIy and from time[o time by Lender on the basis of assessments and billsand rea�,�rtable ' �"'�K-. ��.
<br /> � estimates thereof. Borrower shall not be obligated to make such paymenu of Funds w l.ender to the extent that Bonower makes ` :-�.R'__ —
<br /> sach payments to the holder of a prior mortgage or deed of wst if such holder is an institutional lender. � - ,
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<br /> NI'�SXA •Scmnd Mortgage • 1l80-FNESAJFFiI1tiC IJNIFORM Q3SIRlT!!'QrXf' ! ---
<br /> "_ Form 38Z8 --_-_----==-' �,.•
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