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<br /> _ Commer�i`al Federal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch phone number
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<br /> Space above this line for recording data. �iO3I1 �: 03��'f6
<br /> Commercial MORTGAGE - Collateral
<br /> � Federal Bank Real Estate Mortgage �
<br /> __— _ __- -------_.__ __ �
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate C
<br /> ConsumerLoan 22,536.50 04/20/Ol 7.750
<br /> I, T�'�.S S'�'aRT� aI]IC� D� RTF'.ART.F!V
<br /> hereby give Commercial Federai Bank,a Federai Savings Bank(°Commercial Federal"),whose address is P.O. BQX 11�3.
<br /> ��i �' 681�1 a mortgage,with power of sale,of the following property together with all improvements now or
<br /> hereafter erected on the property,and all easements,rights and appurtenances thereto:
<br /> LOT � (1) . PEPPIIZ �' SUBDIVISI(�T TO Tf� QTY OF C�2AI�ID
<br /> IS?�A1�ID, HAI�I, OO[JNPY, �.
<br /> If more than one person signs this Mortgage,the word"I"means"we."
<br /> This Mortgage secures a loan made by Commerciai Federal evidenced by:
<br /> A note dated the same date as this Mortgage in the amount of$_ 22,�36.50 ,with interest at the initial rate of �].750 %
<br /> per annum,contains the terms for repayment of that loan.If that note is ever changed or replaced by a new note,it will be secured by this Mortgage.
<br /> I promise the following things:
<br /> 1• All payments on any note or other debt secured by this Mortgage will be paid when due.
<br /> 2• An insurance policy for fire and extended coverage will be kept in force on the property in an amount at least equal to the debts secured by this
<br /> Mortgage plus any other mortgages listed in paragraph 6 below.The insurance company must be satisfactory to Commercial Federal,and
<br /> Commercial Federal will be a named insured on the policy.
<br /> 3• All taxes and assessments on the property will be paid before they become delinquent.
<br /> 4• No waste will be committed on the property,and it will be kept in good repair.
<br /> 5. The property will not be sold (including by land contract),leased,and no inierest in it will be assigned in any way.
<br /> 8• 1 own the property free and clear of any other mortgages or encumbrences EXCEPT � F'ID�lL
<br /> �• No other mortgage or lien on the property will ever be allowed to be in default or be foreclosed.
<br /> If any of these promises are noi kept,then Commercial Federal can declare all of the debt immediately due and payable without advance notice.
<br /> Exceptions may be required by law.The interest rate will increase to 19.00%or any lesser of the maximum rate allowable by law at that time,and this
<br /> mortgage can be foreclosed in accordance with applicable law.If the debt is accelereted,then I also assign any rent or other income from the property to
<br /> Commercial Federal. THE PARTIES AGREE THAT THIS CONSTITUTES A COLLATERAL REAL ESTATE MORTGAGE PURSUANT TO SO.DAKOTA C.L.44-8-28
<br /> (FOR SO.DAKOTA RESIDENTS ONLY). In the event of any default in the making of any payment or in keeping any covenant herein,this Mortgage may be
<br /> foreclosed by action,or by advertisement as provided by statute or the rules of practice relating thereto,and this paragraph shalf be deemed as authorizing and
<br /> constituting a power of sale as mentioned in said statute or rules and any amendment thereto,and may retain statutory costs and attorney fees(SD,WY,MN,
<br /> OK,and MI residents only).
<br /> Certain amounts can be paid by Commercial Federal and added to the debi secured by this Mortgage.Including any taxes or insurance I have agreed to
<br /> pay but fail to,any attorney fees or court expenses Commercial Federal pays if it is made a party at any legal action brought by someone else concerning the
<br /> property,and any attorney fees or court expenses which the law might allow if Commercial Federal has to go to court against me to collect the debt or
<br /> foreclose this mortgage.If any of these things happen,then the additional debt will accrue interest at the same rate as the rest of the debt and must be paid
<br /> immediately.
<br /> If this property is ever condemned under the power of eminent domain or any similar method of taking property for public use,any proceeds of the taking
<br /> will be paid to Commercial Federal up to the full amount of the debt secured.
<br /> Borrower waives all right of homestead exemption in the properly and future waives all rights of redemption,exemption,distributive share and dower.
<br /> Notice to Borrower(for Oklahoma property): A power of sale has been granted in this Mortgage. A power of sale may allow the Mortgage to take the
<br /> mo gage prope an se i wi ou going o cou in a orec osure ac ion upon e au y orrower un er is o gage.
<br /> 04/10/98 '!'�lV�� $'I'E�ItLE�- - --- - _ _ . _
<br /> r
<br /> oday's Date Borrower's Typed Name Borro "s Sig ature
<br /> DIDRA STF'.ART F'Y �
<br /> Borrower's Typed Name Bor rs Signa ure
<br /> 2428 N TAYIr0�.2 Q2APID ISI,AI�ID, NE 68803
<br /> Borrower s Address
<br /> STATE OF � )
<br /> ; ss.
<br /> COUNTY OF HAI�T�
<br /> On this �-�� day of �ZL , 19 98 ,before me,a notary public in and for said counry, personally came
<br /> �'�.S S`�'a�T� aIY� D�A S�'�'��'� to me known to be the identical person or persons whose
<br /> name is or are affixed to the above mortgage,and they,he/she/they severally acknowledged the said instrument and the execution thereof to be their
<br /> voluntary act and deed.
<br /> WITNESS my hand and notaria�seal the day and year last written above. � , � �
<br /> My commission expires:
<br /> NE-IN-WY-IL-SD-MI-AZ-MN-IA ��� Notary�'s Signa e DN-1077 (07/97)
<br /> .1E�au��`�It N Mllr�y
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