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<br />83- 003698
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<br />MORTGAGE
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<br />fOJ/
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<br />Wolfe and Judith A. Wolfe..
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<br />This;Mortgage is entered into between
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<br />C Dpi'ln *
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<br />, ,,', - - "
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<br />Mortgagor is indebted 1;0 Mortgagee" in the. principal sum of $ 15. 000 . 00
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<br />(herein "Note") providing f6rpayments of principal and interest, with the biliance of the
<br />11/8/83
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<br />County, Nebraska:
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<br />IIotTwo (2), in Block Two (2), in Continental Gardens, An Ado.ition
<br />to the City of Grand Island, Hall County, Nehraska
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<br />Togethe'r with aU buildin!::s, improvements, fixtuf('s. streets, alll'Ys. passageways, easements. right.~. privileges and
<br />applutenanl.'es located thereon or in arlywise pertllining thereto. lInd thl' rents issues and profits, reversions and remainders
<br />thereof; includlinl~, but not limited to, heating and cooling l'quipment and such personal property that is attaehed to the
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of tbe real estate secured by the lien of this Mortgag(' and all of the fort'going being referred to herein as the
<br />"Pnlperty" .
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<br />MortgllglPr further (.'Onvenants and agrees, with Mortgage.., a~ follows:
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<br />1. Pa)llllent. '['0 pay the indebtedness and the inter('stthef('ol1 as provided in this Mortgage and the Note.
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<br />2. Tltlle. Mortgagor is the owner of the Propt:rty. ha.~ thl' fight and authority to mortgage the Pro~rty, and
<br />wan:ants that tJhe' lien created ht"reby is a first and prior lien on (hi' PrOP"fty. .'xcept as may otherwist" be set forth herein.
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<br />GI: ThE~ Ilroperty is subject to a Mortgage wh.'rein
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<br />Ilome.Eede=J....5a:V.J.lli1S..&-.l.o<m-
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<br />is the Mortgagee, recorded at Book __.__ , Page. of the Mortgage Records of ..,....lia 11________ Ccunty,
<br />Nebraska, which Mortgage is a lien prior to th., him ,:reated h,'reby.
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<br />o Otbel: prior liens or. encumbrances: .".'"",_ _,..
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<br />3. TB:li:es, ~iSSments. To pay when due all taxes, special assessmE'nts and all other charges against the Property
<br />and, upon writ1;en demand by Mortgagee, to add to the payments required under the Note secured ht'reby, such amount as
<br />may be sufficielGt to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
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<br />4. Insur)nce. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by fire and such other hazards as .Mortgagee may require, in amount.~ and with companies acceptable to the
<br />MOJ:tgagee. and with loss payable to the Mortgagee. In ease of loss under such policies the Mortgagee is authorized to
<br />adjust, colleCt and compromise, in its discretion. all claims thereunder at its sole option, allthQrizl'd to either apply the
<br />~ tQ,'th(~ restoration of the Property or upon the indebtedness secured hereby. but payments hereunder shall.con,
<br />tlDue. until tJ,Iel;umssecured hereby are paid in full,
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<br />5, [lEscrow For Taxesan~ Insur~j:!e, Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />th~ ,Mortgagee, at the time of paying the monthly installments of principal and interest,
<br />. hazard insurance premiums, and gwund rents ,Of any) which may attain a
<br />atcd fwm time to time by the Mortgage.e. The amounts SQ paid shall be
<br />. in respect to which such amounts were
<br />"ty I'or the indebtednt1SS secured by this
<br />between. theactual.taxes, a.ss~sments. insurance
<br />10 days artlt!' demand.is ml!deupon Mortgagor requesting
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<br />or rebuild any buildings orirnproWfflellts now qr
<br />. . wm;l,e, lllld free from m\tChanic's or
<br />or pel'll1ilany nuisan,;"" to !lor to <:limin.
<br />UJ act; and to eo'mpjy wit.h all of law with
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