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<br /> Commercial 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. �n �: ��J���J�
<br /> � Commercial MORTGAGE - Collateral �
<br /> � Federal Bank v��
<br /> Real Estate Mortgage :
<br /> C
<br /> Nature of Indebtedneas taan,zvnaprSt-- — Maturity Date lnitiai interest Rate �
<br /> Consumer Loan 13,848.54 04/16/07 8.750
<br /> i, TIIa2Y D ABBOFlT and rART�• C ABB07.T
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is P.O. �X 11�3.
<br /> ��� �'' 68101 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 � (2) . LAWiCN S'UBDIVISI�T, � TI� QTY OF C�tA1�ID ISZAI�ID
<br /> ��iLi, �OiJN!'Y, 1�BRP�SI�.
<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 b : :
<br /> A note dated the same date as this Mortgage in the amount of$ ���848.5d ,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 the debts secured by this
<br /> Mortgage plus any other mortgages listed in paragreph 8 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 /> 6• The property will not be sotd (irtciociing by land contract),leased,and no interest in it will be assigned in any way.
<br /> 8. I own the property free and clear of any other mortgages or encumbrances EXCEPT � F���
<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 not kept,then Commercial Federal can declare all of the debt immediately due and payable wiihout 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 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 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,ihen 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 Borcower(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 wi ou gomg cou in a orec osure ac on upon e au y orrower un er is o age.
<br /> 04/16/98 TIItRY D ABBC�iT
<br /> Today's Date Borrowers Typed Name rro ' Signa e
<br /> �"�LF'��' �.' �l�.T �. ;
<br /> Borrower s Typed Name Borrower s Sig ature
<br /> 3137 N WF�B Ftf�D C�iAi�ID ISI�APID, NE 68803
<br /> Borrower's Address
<br /> STATE OF �� )
<br /> ) ss.
<br /> COUNTY OF HAI�T� ) :
<br /> On this 1.6� day of �IL , 19 98 ,before me,a notary public in and for said county, personally came
<br /> � D �1�.7.' 3I]Cl CART FT1F'. C �►�+ 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 an ' n above.
<br /> My commission expires: ��1 RY-�f�
<br /> NE-IN-WY-IL-SD- �t�� Not Public's Signature
<br /> AIJ�ort6A►Exp.July 1d,Z000� DN-1077 (07/97)
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