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<br />83- 006237
<br />MOIt11GAGFl
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<br />TIfIS.MQRTGAGE; m8t:leandex~...ted this 22rtd
<br />19<83-.btandhetween;Frederf,ck 1<. Peirce
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<br />oftheCoulllYot Hail
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<br />the'MOrtgagor,aitdTOWER FINANCiAL, INC.
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<br />aCOrJ1Orationorganized and existillgllndertbe laws of . Nebraska
<br />party ofthe.second part.hereinaftercaUedtbeMortgagee.
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<br />WITNESSETH:TllalthesaidMortgagor; for andinconsiderarion OfthesIllROfS~XE:~~g:lICTHO~$.~;; .... '.
<br />SEVEN IlUNDRED and 00/100 . DoUars($ '.... );paldbythe~ol1"
<br />gagee. tile receipt of which is hereby acknowledged. has Granted and Sold and by these prese..tsdo~,\; Grallt;;:.~ar-
<br />gain; SeU; Convey and Confirm unt;o the Mortgagee, its successors and assigos, forever, the foUo1"mg'-d"~~rrl:led
<br />realeestate, situated in the County of Hall . ,andStatee
<br />ofNebraska.rowit: 609 Kennedy, Grand Island, Nebraska 68801
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<br />diiiof . .... . . . .. . ~vellil1'et.' ..-
<br />artdl-larYY.l'Edrce. !-fUl;b~nda,rtdwifl};
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<br />, arKfState of Nebiask~; part)lof9'e.fu.;tpl!l't;he~ni.f(ef~e(j
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<br />Lot Ten (10), Wolfe's Third Subdivision, in the City of
<br />Grand Island, Hall County, Nebraska.
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<br />TO HA VEAND TO HOLD Ihe premises abave described. wilh alllhe appurlenances IhereunlO belonging and including
<br />all hea!iog, plumbing and lighting fixlures and equipmenl now or hereafter attached to or used in connection wirh 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: Ihallhey are free from encumbrance; and thaI the
<br />Mortgagor will warrant and defend Ihe same against the lawfol claims of all persons whomsoever; and Ihe said Mwtgagor here-
<br />by relinquishes all righls of homestead, and all martial rights, eilher in law or in equity, and all other conlingent interests of Ihe
<br />Mortgagor in and to the above-descrihed premises, the intenlion being to convey hereby an absolute title, in fee simple. includ-
<br />ing all rights of homestead, and other righls and interests as aforesaid.
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<br />PROVIDED ALW A YS, and these presents are execuled and delivered upon Ihe following conditions, to wil:
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<br />The MOrtlll!8.ooragrees 10 Ray to the Mortgagee, or order. the principal sum of SEVENTY FOUR THOUSAND
<br />SEVEN HUNDRED and 007100 Dollars ($ 74,700.00 ),
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<br />witlt inleresl from date al the rale otTWELVE and 50/100 per centum ( 12.500 \';,) per annom on
<br />ihc un~aj.d balam:e,i..mtiJ 'p~d. TOe ~id ijrincipa! and interest shaH be payable at ,the office of
<br />Tower F~nanc1a~, Lnc.
<br />in Omaha, Nebraska ..llr atsueh other ohu:e fl,S.the holder of
<br />the note may designale in writing. in monthly installmenls of SEVEN HUNDRED NINETl SEVEN ana L4/1UO
<br />Dollar'lJ$ 797.24 ), commencing on the first day of
<br />January , 1984., and on Ihe first day of each month Ihereafter unlil the principal and in.
<br />terest are fully paid, except that the final paymenl of principal .lIlld3inleresr. if not sooner paid, shall be due and
<br />payable On Ihe first day of Dee.ember, LVI, : all according 10 the terms of a certain promis.
<br />sory n'?te of even dale herewith executed by the said Mortgagor.
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<br />Th\tMOflgagor in order more fully to protect Ihesecurily of this Mortgage, agrees:
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<br />t, Tharhe,wilJpaylhe indl\l>ledress. as her~inbefore provided, Privilege is reserved to pay Ihedebt in whole, or in an
<br />~unle9!'31~lo<oneor.m?~em(),ntblY payments on Ihe principal that are next due on the note, on Ihe first day of any month
<br />pnor to.toatl/fllY' Pro.vided; howevex. That written notice of an intention 10 e.,ercis. such privilege is given at least thirty (30)
<br />days prWloprepayment.
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<br />2.~.t9ge!herwill).and m ad<lillim to, the monlhly payments of prirn:ipal and interest payable underlhe terms (If the
<br />not.~ut~.Ioe<eby..tbe.M"rtgalWr w\ll,paytothe Mortgagee, on Ihe firsl day of each month until the saia n<lle is fully paid, Ihe
<br />(oIIPW!l)l.$!fflI~;
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<br />(a) AlnOi!!ltsuft~nlto provldeIl1e h<lldethereof wilh fU\I<lsla pay Ure .next mortgage insuraIlce premium if thrs
<br />ins~ltaT!4tlte nllle lC"~redher""Y8fe insured, ora monUuy charge [in lieu of" marrgage iraw.n"" pre.
<br />mIii-",j irlheprebeld l>y Ih~Set'ret.lryofHQusing and Urban Development, as follows:
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<br />(fJ If and,"? jottli.aS >Billnwo!even datcand thIS inStlument are insured or are ,einsured under tk p,c>-
<br />Vi:&J~~ of the ~tip~;tl.H.Q!JiirJ~: Ac.t~ :ul ~rn~tH suft1\.i_cnt to ;Icl~umuhHe ifl the hands. ot lite- hrJ!Jc1 ,Hie
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<br />STATE OF NEBRASKA
<br />HUO^9,214:1M {!;',19)
<br />1'14 eFR 200.150)
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<br />~ '-HI4~1f..~, ~~ M.v 8if lJl<<lI.)ntH wppJy i.--fjthf:},fitJUi
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