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<br />MORTGAGE
<br />This form is used in connection
<br />with mortgages insured under the
<br />one• to four - family provisions of
<br />the National Housing Act.
<br />09088950
<br />THIS MORTGAGE, made and executed this 1st day of February A.D.
<br />1485 byandbetwcen Larry W. Fowle and Barbara A.. Fowle. husband and wife
<br />old Sylve ter . Chody Jr. and Joanne J. C}l d
<br />thie County o#� tial� and,) a of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and
<br />Tower Financial, Inc.
<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 of 74ENTY NINE T3100SAND
<br />TWO 0NDRED fFIFTY :Ind 00 /100 Dollars (S 29,2500 .0 ), paid by the Mort-
<br />gagee, the receipt o which is hereby acknowledged, has Granted and Sold and by these presents does Grant. Bar-
<br />pin, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns. forever, the following- described
<br />real estate, situated in the County of Ila 11 . and State
<br />of Nebraska, to wit: 227 F. 17th, Grand Island, Nebraska 68801
<br />Lot Sixteen (16), in Block Four (4) in torris Second
<br />Addition to the City of Grand I61an•l, iiall County, Nebraska
<br />)ikY R -mL"Rlim MRIA,
<br />TO HAVE AND TO HOLD the premises abtn, 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 to the Mortgagee, or order, the principal sum of T'dENTY NINE TIi00SA;dll
<br />Two iltlNULL) FIFTY -and 00 /100 Doilars(s 29,250.00
<br />with interest Irom date at the rate ofrR1RTEF;N and 00/100 per celnunr ( 13.000 per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable at the office of
<br />Tuner financial, Inc.
<br />in Lincoln, !''rehraaka tnatsuchother place OS tile hoidertit
<br />the note may designate in writing. in monthly installment, of Tivu.,E: !'sU!JDItF.O i'W7NITY TIIRE!a and 5611010
<br />Ih,llars IS 123.56 commencing, on the first day of
<br />Apri 1 19ft5 , and on the tint das of each month thereafter urml the principal and in
<br />terest are fully paid, except that the final payment of principal and interest. if not sooner paid, hall he due and
<br />payable on the first day of :9a rch : ?ill :a all according n, the term. of ct rettain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />the Mottgagor in order more fully to protect the secutm of till, Mortµage. agues.
<br />I. That he sill pay the indchlc :dncss, as hereinbefure provided. 11fivdege is rescued to pay the debt In whole, ill fit an
<br />amount equal to one or more monthly payments on the principal that are neat duc on the note, on the first day of troy month
<br />priort ter maturity: Provkfed. however, That written notice of an intention to e set cise such proilette is tik oil tit least thirty t ins
<br />days prior to prepayment.
<br />2 That. together with, and in addition to, the monrhly pas menu of principal and ultetrst payable under the ternts of the
<br />fly rwte sectored hereby, the Mortgagor will pay to the Mortgagee, un rile first dal of each rnotnh nulil the said note is fully I +ai& the
<br />following sums:
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