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�]00(1� 001010
<br />MORTGAGE This form is used in connection
<br />with t ofow- fs'inwrpr under the
<br />_. ons• to fow•family provisions of
<br />the National Mousing Act.
<br />09039093
<br />THIS MORTGAGE, made and executed thW th day of February A.D.
<br />S •b'sndbet`cenLarry td, Fowle and Barbara A Fowle, husband and wife and
<br />Sylvester J dy, Jr. and Joanne J. Chody, husband and wife
<br />of the County of Ela 1 Co and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgaltor, am
<br />Tower Financial Inc.
<br />a corporation organized andexisting -enderthelawsof Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WfTNESSETH: That the said Mortgagor, for and inconsideration of the sum oMJf,:NTY ONE, T:IOUSAND
<br />SIX giU=R7 D nd X0/100 Dollars (S 21, 600.00 ), paid by the Mort-
<br />the receipt o} which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar-
<br />gain, Soft. Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following- described
<br />real estate, situated in the County oftial1 and State
<br />of Nebraska, to wit: 722 N. Elm, Grand Island - Nebraska 69301
<br />Lot One (1) in 31ock Sixteen (16) Clark's
<br />Addition to the City of Grand Island, ;tali County,
<br />Nebraska
<br />i -
<br />TO HAVE AND TO HOLD the premises abw;:. described, with all the appurtenances thereunto belonging and including
<br />all heater, 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 Monga-
<br />Me, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance; and that the
<br />Mortgapr will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor here -
<br />by reuishes all rights of homestead, and all martial rights, either in law or in equity, and all other contingent interests of the
<br />Mongaipor 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 T4i , TY ON T i,)U SAN [)
<br />:SIX dUNDRED and 00/100 Dollard$ -)1 b0o, it)
<br />with interest from date at the rate (*WLLVE and 50/ 101) per centuni 1 12.500 ) per annum on
<br />the unpaid balance until paid, 'llm said principal and interest shall he payable at the office of
<br />Tower Financial, Inc,
<br />in U ncol.n, Nebraska or at UOh other place as the holder of
<br />the rote may designate in writing, in monthly installments Of TWO WO : WN t);i t - -1 r ti 111.1"! and 3 (111 _)
<br />Dollars iS 230_0 3 n, commencing on the first day of
<br />April 1415 , and on the first day of each month thetcaftei until the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall he due and
<br />payable on the first day of Rarch, 2015, all according to the terms of a certain promis-
<br />y note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of thit. Mortgage, agrees:
<br />1. That he will pay the indebtedness, as hercinbefore provided. Privilege is reserved to ray the deht in whole, or in an
<br />tit equal to ors or more monthly payments on the principal that are next due on the note, on the hrsi day of any month
<br />prier to urily: provided, howevcr,'l"hat written notice of an intention io exercise such pris'degc k given at least thirty t Zti)
<br />days prim to prepayment.
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