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<br /> Comme�LFel Federal Bank, P.O. Box 1 10 Co sumer Loans, Omaha NE 68101.Branch phone number
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<br /> Space above this line for recording data. �1 �� ��J����
<br /> � Commercial _ MORTGAGE - Collateral
<br /> � Federal Bank 98 1�389'7
<br /> Real Estate Mortgage �
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> ConsumerLoan 30,036.50 05/04/08 8.750
<br /> i, RfJGQt L 1�'VE al�d CATHY A I�EVE
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is P.�. � 1103,
<br /> ��• �' 68101 a mortgage,with power of sale,of the foflowing property together with all improvements now or
<br /> hereafter erected on the property,and all easements,rights and appurtenances thereto:
<br /> IAT F�UR (4) . SiACx EIC�iT (S) . WEST PARK AD�ITIaI�T 21D T!�
<br /> CITY OF C�2A1�ID ISI�ADID, HALL CJOUNl.'Y, 1�12A.SIQ�.
<br /> If more than one person signs this Mortgage,the word"I"means"we."
<br /> This Mortgage secures a loan made by Commercial Federal evidenced by:
<br /> A note dated the same date as this Mortgage in the amount of$ 30,036.50 ,with interest at the initial rate of 8.750 %
<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 ihe debts secured by this
<br /> Mortgage plus any other mortgages listed in paragraph B 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 kepi in good repair.
<br /> 5• The property will not be sold (including by land contrect),leased,and no interest in it will be assigned in any way.
<br /> g. I own the property free and clear of any other mortgages or encumbrances EXCEPT �.ST '�' �� L��
<br /> 7• 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 not 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 accelerated,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.448-28
<br /> (FOR SO.DAKOTA RESIDENTS ONLY). In the event of any default in the making of any payment or in keeping any covenani 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 shall 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 debt 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 homesiead exemption in the propedy artd future wraives ell rights of redemption,exemption,distribufive share and dowec
<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 gag prope an ae i w ou going o cou in a orec osure ac ion upon e au y nower un er is o age.
<br /> 04/21/98 RCX','EL2 L 1�EUE � � �,�
<br /> Today's Date Borrowers Typed Name Borrow�r ignature
<br /> CATHY A NF,EVE �u�2.�zy eQ. /L
<br /> Borrower s Typed Name Borrower s Sig ature
<br /> 1136 N C�JSTIIt C�APID IST,AI�ID, NE 68803-3603
<br /> Borrower's Address
<br /> STATE OF ��� )
<br /> COUNTY OF �� ; ss.
<br /> on this 21$'P day ot APRZL , �g 98
<br /> ,before me,a notary public in and for said county, personally came
<br /> � I' �°�'� � �'T� A �� 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 notarial seal t�ay,a�nd year� I�itten above. � �����
<br /> .erm�tx^es^.-sa::ic�.a��.,^na:�su��.r,."*i
<br /> My commission expires: N �� ��� �o /
<br /> Notary Public's Si f�N-1077 /n7/971
<br /> NE-IN-WY-IL-S -M AZ-4�Ql1{6��E K. OA �, gnature
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