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<br />M
<br />J 000606
<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 />09088963
<br />THIS MORTGAGE, made and executed this 1st day of February A.D.
<br />1985 byandbetween Larry W. Fowle and iiarbara A Fowle, husband and wife
<br />and Sylvestgr ,J- Chody. .Jr. and Joanne J.and!Stale, husband
<br />aka, panyofthefirstpart . hereinafter called
<br />of the County of alI
<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 TtdF.NTY T110USAN9
<br />SEVEN 3UNDR FD FI':'TY and 00/100 Dollars (S 20 750.00 I. 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 Countv of If all , and State
<br />of Nebraska. to wit: 523 W 12th, Grand Island Nebraska 68801
<br />Lot Five (5), in Block Forty —Five (45) in 3ussel F.heeler "s
<br />addition to the City of Grand Island, ilall County, Nebraska
<br />X , Kim #yRunmkktimA0 RK547 %, "RmR.4
<br />X W1XX:
<br />4st:A' M. WXJlllTh'4!fKM-
<br />TO HAVE AND TO HOLD the premises abar. described. with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures ;md equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee, and to its successors ;md 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. ;Ind 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 />PROVIDF,D ALWAYS. and these presents are executed and delivered upon the following condilions, it, wit:
<br />Mite Mortgagor agrees Io pay to [tic Mortgagee, or order, the principal suns of TtaCWY ii0 Sis :D
<br />SI:Vi N i1UNQi1t:Q FIFTY an J 04100
<br />Dollars t 5 �,7 , 7 5J . Oi)
<br />with interest Irom'laical the rate urp',JUVi: anti 50/10) iwl cenTtnrl ( 12 S:.,G l per annum on
<br />the unpaid balance mild paid. -the said principal and interest shall lie payable at the office of
<br />Tower Financial. Tric.
<br />in Q 1neoln. Nebt,ibk.t tirat such othe� dace islhehohlelA
<br />the little may designate in writing, in monthls nist,dlments of I J ;1' viii..: ": T i) .(: •.t`+�1
<br />Dollars IS i T . ,i , 1. commoicinh on the first dal ,^I
<br />Ale T;11 P9fl5 . ind tilt the lrst (!aa of each month ihereafter until the principal .ind tit
<br />Icrest ate fully paid, ewcepi that the final payment of pnnctpal and interest, if not sooner paid, shall he due ;aid
<br />pai,ahk on the htst city of :i =trCh '!01 .a alp according it, the letnn of n certain pionus
<br />sory idle of even date herewethcxecuted i,y the said Mortgagor
<br />the Mortgagor in order more hllh toprotect the sectrrny of this Mortgage. agrees.
<br />t '1-hat he will pay the indebtedness. as hereinbefore provided. P'rivdege is tewried to pay the deht in whr,lo. I,I lie m
<br />.amount equal to tine ur Wrote monihly paymenis nn the principal that ,ire nest due on the note, oft the first Jar of ;mc ,n,uuh
<br />pour lit inatnrify: Provider!, however. That vcrhtcn notice nl .mt unennon n, exercise such I'll%ilege is given M bast that+ I tut
<br />days prior to prepaymeni.
<br />I
<br />. That, together with, and in addition to. the Imrnthh payments lit pruicilml ;and Interest payable uudet the Ietnis of the
<br />Icaie ,cctacd herchy, the Rlorlgagur will prey hr die %loilg agee. till the Pit %t day .I each IriUrlth !mill the stabl note is ttdlt paid. the
<br />followfrig sums
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