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<br /> This insuument was prepazed by: -
<br /> WHEN RECORDED, NLAIl.TO: ' ' `°--
<br /> • • EIt�RGENT MORTGAGE CORP. � ' � "<
<br /> 50 DATASTItEAM PLAZA S�JI'Y'E 201 � _ —
<br /> GREEIWII.LE,SC 29695 -, . '.. . :�t
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<br /> Order 1�Io._
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<br /> ' ' THIS DEED OF TRUST is tnade this 315t day of March,1997, � . J
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<br /> among the Trustor, THOMAS N.GALLFS A1HD MARGO L.GALLES,HUSBAND AIVD WIFE AS JOIIHT e'fL1VANTtrower°), .�. .
<br /> � (herein "Tnutee"),and the Beneficiary, .�`t ;,,�,��-Y':��
<br /> EMEItGENT MORTGAGECORP., a c�rporarion organized and � • '.,r.:,..�..::::..�p�:
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<br /> ._ � eXLSdng uncler the laws of, � • '
<br /> whose address is 50 DATASCREAD4 PLAZ�►SIJITE 201,GREENVII.I.E.SC 29605 (herein "Lender"). �, �,'''"�n
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<br /> ' j BORROWER, in considerauen ofthe indebtedness herein recited and the mist herein creaced,ittevocably granLs and con�eys ;'� : � ,�-,-,
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<br /> , a to Trus�ee �n crust, with power of sale,the following described pruperty locxted in the Counry of HALL, _ ,..,
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<br /> • .. .i State of IQebraska: �:Q. ..
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<br /> 1 sEE Ex�usrr a ',• ��.{� ._:
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<br /> 306 SOUTH 3HADY BEND ROAD r'V' - ,�; �
<br /> - which has the address of . � '-'. :
<br /> GRAND ISLAND.NEBRASKA 68801 s �-
<br /> � (herein "Property Address"); • .: :�
<br /> . ttrtenances, � `�'','-�..,; '; �
<br /> ; ; TOGETHER with all the unprovements now or heteafter etected on the property,and a11 easements, rights,app � :�';:� '.}-
<br /> 'ries ven herein to Lender to wllect and apply such rents),all of which shall �y
<br /> � and rents (subject however to the rights and authon gi ._,, _ .
<br /> .. ' ba deemed to be and tem:cin a part oY the property covered by this Deed of Trust; end all of the foregotng,wgether with said t�=
<br /> property (or the leasehold estate if this DeEd of Tn�st is on a leasehold) are hereinafter refened to as the "PropertJ+": �� `... �-:
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<br /> - TO SECURE to 1..ender the repayment of the indebtedness evidenced by Horrower's note dated March 31,1497 . �.
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<br /> ' and extensions and renewals thereaf (herein "Note'),in the principal sum of U.S.SZ0,500.Q0, '• __
<br /> with interest thereon, providing for monthly installments of principal and interest,with the balance of the indebtedness, if not ..`' A�
<br /> saoner paid,due and payable on Ap�'i14,?AI2; . .,�;-:i".•.'' _
<br /> the paymen[ of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of ,
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<br /> ., .F- Trusc;and the performance of the covenants and agreement� of Boaower herein contained. I�.,��nve the • -" ;�-�:;—.
<br /> ' � Borcower covenants that Bonower is lawfully seised of the estate hereby conveyed and 6es the right to gran Y ,,r.,.,-_�.
<br /> ". Property,and that the Propecry is unencumbered, except for encumbrances of record.Borrower covenants that Borrower warrants �
<br /> • and will defend generally the title to the Properry againsc all claims and demends•subject w encumbrances of tecord. u-��'�'�.-
<br /> � UNIFORM COVENAN'fS. Borrower and Lender covenant and agree as follows: �
<br /> , 1. Payment ot PrinciQal and Interest. Bonower shall promptly pay when due the principal and interest indeb[edness • �_ �;.�„�,;j_ �:
<br /> evidenced by the No[e and late charges as provided in the Note. `�
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<br /> Z, Ftinds for Taxes and Insurance. Subject to applicable law or a written waivar by l.ender, Borrower shall pay to Lender +: ��'"'�.
<br /> on the day monthly payments of principal and interest ere payable under the Note,until the Note is paid in full,a sum(tterein
<br /> "Funds") equal to one-tweltth of the yearly taxes and assessments (including condominium and Planned utut development �.�
<br /> �• , assessments, if any)which may attain priority over this Deed of Trust,and ground rents on the Property,if any,plus one-tweltth _ ` �
<br /> of yearly premium installments for ha�rd insurence, plus one-twelfth of yearly�remium installments for mortgage insurance, if ,
<br /> ;u�y,a11 as reasonably estimated initially and itom time to time by I.ender on the basis of assessments and bills and reasonable � .
<br /> estimates thereof. Borrower shall not be obligated to make such payments of Funds to Lender to the extent that Borrower makes
<br /> such payments to [he holder of a prior mortgage or deed of trust if such hulder is xn insatutional tender. .�
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