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<br />
<br />MORTGAGE
<br />
<br />83-""'l)(j 1511
<br />
<br />E. Dean Wolfe and Judith A. Wolfe, .Husband
<br />
<br />Five Points Bank
<br />
<br />(herein "Mortg~gor"}and;
<br />(herein "Mortgagee"):
<br />, evidenced by Mortgagor's note
<br />
<br />(herein "Note") providing for payments of principal and interest, with the balance of thj!
<br />indebtedness, ifnot sooner paid, due and payable on September 25, 1983 ,
<br />
<br />Mortgagor is Il)debted to Mortgagee in the pril)Cipal sum of $ 9 . 000.00
<br />March 29, 1983
<br />
<br />
<br />Lot Thirty-Eight (38) in Block "D" in Parkview Subdivision located
<br />in the Northeast Quarter (NE\) of Section Twenty-Nine (29) and the
<br />Northwest Quarter (NW~) of Section Twenty-Eight (28) all in Township
<br />Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County,
<br />Nebraska
<br />
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights. privileges and
<br />appurtenances located thel'l'On or in anyw!se pertaining thereto, and the ",nts issues and profits. reversions and remainders
<br />theltl6f; including, but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />improvements so as to constitute a fixture; all of which, including repJ"""ments and additions thereto. is hereby declared
<br />to bea part of the real estate secured by the lien of this Mortgage and all of the foregoing !wing refelTt'd to herein as the
<br />"Property" ,
<br />
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />
<br />1, Payment. To pay the Indebtedness and the interest thel'l'On 3.' provided in this Mortgage and the Note,
<br />
<br />2. Title. Mortgagor is the owner of the Property. has lhe right and authority to mortgage the Property, and
<br />wanants that the lien created hereby is a first and prior lien on the Property, except as may otherwise !w set forth herein.
<br />
<br />o The Property is subject to a Mortgage wherein __ ._.
<br />
<br />is the Mortgagee, recmded at Book _~, Page ___._.. _ of the Mort~age Records of _
<br />Nebraska., which Mortgage is a lien prior to the lien creau-d hereby,
<br />
<br />County,
<br />
<br />o Other prior liens or encumbran.,...: ______ __ _. .._ _
<br />
<br />3. Talles, ~t.s.. To pay when du.. all taxes, special 8SSl'SSments and all oth..r charges against the Property
<br />anel, upcl\l written delllltlld by Mortpgee. to add to the payments required und..r the Notl' secured hereby, such amount as
<br />may be sufllc:ieDt to enabll' the Mortgagee to pay such tax..... assessments or other charges as they bI'come due,
<br />
<br />4. ~. To l<el'p th.. improVl'menls now or h..reafter loeatl'd on the real estale described herein insured
<br />llpiDst, dam9 by tire and such other hazuds as MorIc.... may require. in amounts and with companit'S acceptable to the
<br />~. lUld with loss l'lIYabll' to !be Mortgagee, In case of loss under such policies the Mortgagee is authoriZl'd to
<br />adjuIt,..~. andCOlllpJOrnise. in its disl:retiOll. all claims th..reunder at its sole option, autboriz..d to either apply th..
<br />~ to the restoI:atiOll of !be Property or Upcl\l the indebtedn.... secured hereby, but payments hereunder shall con.
<br />tillQe until !be S\!IllI! ~ured hlll1!by ~ paid in Cull.
<br />
<br />5. 0 EIcrOw Tor TaXes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />~~JiIort&a8orohall pay to !be MOrtpgte at the lime of payina the monthly installm"nts of principal and interest,
<br />~Qrth&Yl'Ulftu....~ts. hazard insuranct'. premiums. and ground rents (if any) which may attain a
<br />~tJ,~~ ~. aII.~ o:stimated (rom Ii_to timl' by the Mortgasee, 'I.'hl' amounts so paid shall!w
<br />_~,~,~ ~ ~t in~ andapp\ied to the payment of the items in ....5P"Ct to which such amounts were
<br />~.-.".,. ~...~ to ~lIereundet Ul'pJedcl'd as additional security for the indebtedness secured by this
<br />~~c~alllill'" to ~ the am<)Ul\t of any deficiency ""'-ween the actual taxl'S, assessments, insuranct'
<br />~ .pu~l'IlO~llIIdlhe~l&heNlII\der within 10 daysaftt>r demand is 1Iladl' upon Mortgagor reqU<lSlIng
<br />~thel'lK!f.
<br />
<br />&" ~._teII!!IIClJ _ .1.Iae,.. To ~ repair. teStore or rebuild any buildings or improvemllOts now or
<br />~. Gl\the~. to ...t.be ~ln cood COCldI~ and Ii>lpair. with<)ut wull', and en... from m~anic's or
<br />.~._~ ~tolbelifllheteot;notto ~e.su.rreror pannltany nulwtce to ui$t. nor todimin.
<br />w,. Of 1lQJIll"~~""oI' tile hl!perty by.anyact or OOIiuloo to art; and to /:<Imply with all requirements of law with
<br />~''''.lhe~.
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