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<br />MORTGAGE Th;s f°^^ ;, °sed in eonneetion
<br />wkh mortgages insured under Me
<br />ono- to four-family provisions of
<br />me Nationet Housing Act.
<br />004 55
<br />THIS MORTGAGE, made and executed this 24th day of Febrttary ,A.D.
<br />I9 &4 ,by and between KELLY A. COFFEY and DALE E. GRAVES, husband and wife
<br />of the Caunty of ItALL ,and State of Nebraska, party of thaRrst part;hereinafter caged
<br />the Mortgagor, and
<br />TOWER FIFIANGIAL, Z};C.
<br />a corporation organized and existing under the laws of ?.ebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and inconsideration of the sum of FIFTY FOUR THOUSAND
<br />EIGHT HUNDRED and 00/100 Dollars (S 54,80(7.00 ); paid by theMorG
<br />gages, 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-descrit+ed
<br />real estate. situated in the County of BALL - - ~, and, State -
<br />ofNebraska,towit: 411 S VINE, GRAND ZSLAPID, Nebraska 6$801
<br />Part of Block Two (2), of "koehler Subdivision" located upon a part of the>SotiCheBSt Qvacter'-
<br />of the Southwest Quarter (SF.. 1/4 SiJ 1/4) of Section Fifteen (IS), in Township Eleven (11 ).
<br />North, Pangs Nine (91, test of the Sixth P.t4., and a part of Lot Fourteen (14}, of the
<br />County Subdivision of the tdeSt calf of the Southwest Quarter (W1/ZSIdl/4) of SacEion Fifteen`-
<br />(15), in Township E7 even (11) North, Range pine (4) West of the 6th P.,>tii., more particularly:
<br />described as follows, to wit: Commencing at the Southwest corner of said Block-Two (2},:
<br />running thence Porth alone; and upon the west boundary line of said Block Two (2};,fora
<br />distance of 204.3 feet, running thence east parallel with the worth baundary line of -said
<br />block for a distance of One Hundred Sixty (160} feet, running Chnrce south parallel-with. the
<br />west boundary line of said Block for a. distance of 129.9 feet to the ?r'orthezly boundary ;line
<br />of the belt line of the Chicano, Burlington h Quincy Railroad Company, running thence in a
<br />southwesterly direction along, and upon the northerly boundary line of said belt line for a
<br />distance of 175.3 feet to the place of hegirning, all in Hall County, Nebraska except, that
<br />part conveyed by t,'arranty Peed recorded as tjocument tio. 7$-003972 in the Register of Deeds
<br />Office, Hall County, `:abraska
<br />7fiCmF3s9f7ft7iw~fi16~[s7iF~(YJS~dfd::itfK~tt~d[~xl[K lf~ibt
<br />TO NAVE AND TO HOLD the premises aboca described, with all the appurtenances thereunto belohging apti incl»ding-
<br />all heating, Plumbing and lighting fixtures and equipment now or hereafter attached [o or used inconnectioirwlth-said'iea(=estate
<br />unto [he Mortgagee, and to'i[s 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; thatthey are free from. encumbrance; and:fhal.thta
<br />ivfortgagur will warrant and defend the same against the IawfuL claims of all persons whomsoever; and the-said Moctgagorhere-
<br />by refinquishes all rights of homestead, and all martial rights, either in law or inequity, 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, idclud-
<br />ingall rights of homestead, and other rights and interests as aforesaid.
<br />PROV IDED ALWAYS, and these presents are executed and delivered upon the followingconditions; to wit:
<br />The Alortgagur agrees to pay to the bortgagee, or order, the principal sum of FIFTY FOUR THOOSA_hD
<br />EIGHT t{CtNDRED and 00/100 DoLlars(S 54,800.00
<br />with interest from date at the rate ot`_rWELVF. and 50/ L00 per centum ~ 12 .500 9.) per annum on
<br />the unpaid balance antll paid. The said principal and interest shall he payable at the office of
<br />Tower Financial, Znc.
<br />in Lincoln, °+ehrask.a aratsuchu[herpplaceasthehotderof
<br />the note may designate in writing, in monthly installmenu of SIX 1TCNDRED SEVENTY FIVE and 42/100
<br />Dollars f4 67j , 42 ), commencing on the first day of
<br />April . 19 R4 . and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment uF principal and interest. if not sooner paid, shall be due and
<br />payable on the first day of ttarch, 1994 :all according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order noire fully to protect the security of this Mortgage- agrees:
<br />I. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the deb[ in whole, or in an
<br />amount equal to one °r more monthly payments nn the principal that are next due on the note, on the first day of any month
<br />prior to maturity: Provided. however, "Ihat wrinen notice ut an intention to exercise such privilege iS~ given at least thirty (30)
<br />days prior to prepayment.
<br />'_. That. wgether with. and in addition ta, the monthly payments of principal and interest pnyabte under the terms of the
<br />note sectued hereby, the Mortgagor wilt pay to the 6ortgagee, nn the first day vt each month u°ol the saiS note is fully paid. the
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