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<br />MORTGAGE This torn is s , in canner he
<br />with mortgages inured under the
<br />one- to four - family provisions of
<br />the National Housing Act.
<br />09088934
<br />THIS MORTGAGE, made and executed thisls t day of February A.D.
<br />@5 byandbetweenLarry W. Fowle and Barbara A Fowle husband and wife
<br />and Sylvester J. Chody, Jr. and Joanne J Chody, husband and wife
<br />of the County of fiall and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and
<br />Tower Financial, lnc.
<br />a corporation organized and existing under the laws of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and inconsideration of the sum ofTWENTY SIX TROUSAND
<br />FOUR HUNDRED FIFTY and 00/100 Dollars ($ 26 4 SO -00 ). paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar-
<br />gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following- described
<br />real estate, situated in the County ofilall . and State
<br />of Nebraska, to wit: 809 N Lambert, Grand Island. Nebraska 68801
<br />The South lialf (S1 /2) of Lots Three (3) and Four (4) in
<br />Block Thirty Three (33) in Lambert's Addition to the
<br />City of Grand Island (tall County. Nv!braska
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<br />TO HAVE AND TO HOLD the premises abcv., described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee. and to its successors and assigns, forever. The !Mortgagor represents to. and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said premises: that they are free from encumbrance. and that the
<br />:Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever-.and the said Mortgagor here-
<br />by relinquishes all rights of homestead. and all martial rights, either in law or in equity• and all other contingent interests of the
<br />Mortgagor in and to the above- described premises, the intention being to convey hereby an absolute title. in fee simple, includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS. and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay He the Mortgagee. or order, the principal sum of T!4u[''rY SIx filOUSANI)
<br />FOUR iiUNDRED FIFTY and 00/1011 Dollarsf" ?.u,450.r10
<br />with interest Itoin date at the rate and 50/100 ter cenuull 1 13.5,: t Pei :Iranum or:
<br />the unpaid balance until paid. "The said principal and interest shall he payable at the otlice of
<br />r,wer Financial. inc:.
<br />In Lincoln, Nebraska oral such other place ;is the holier -,I
<br />the note may designate in wrilmg. in monthly installments of Ttti{ :i: ,ILTNMf Ii0 'ru0 and 96/1')'.?
<br />rhallars 1Si 3'aa 9b :, runfnrcnclilg on the litsl dot of
<br />A ri 1
<br />1915 .and on the first day of each month thelcolfer 1111111 the principal and in
<br />retest are fully paid, except that the final payment of principal and interest. if 1101 sooner paid, hall be due :end
<br />payable on the first day of :lea rch , 2015. all according 14, the terms of o , crime ri -41111
<br />sort' mote of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order snore fully to protect the ,ccuruy of this Moilgtge, aglces.
<br />I That he will pay the indebtedness. as hercinhelore provided. Privilege is reserved to pa} file deht in whine'. +t m . n
<br />;amount equal to one or more monthly payments on the Principal that are next due on file note, ern the tilst d:av ,d va, month
<br />prim to maturity: f1ravided. however. That written notice of in intention to cxen ise ,11ch ptrsileae :s f :tvcn of lead !luny o tut
<br />clays prior to prepaymcnt.
<br />a. That. together with, and m adduion lo. the oumthly payments of priflopai aad interest payable under the leans of ;tor
<br />rude 4ccurcd herehy. The Mortgagor well pay it) the klorllrtgee, tilt the rusl dory of each month unhl the soul note Is fully paid. the
<br />fallowing sums:
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