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<br /> Co rcial Federal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch phone number �
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<br /> pace above this line for recording data. � (��
<br /> � Commercial MORTGAGE - Collateral "�
<br /> � Federal Bank �,
<br /> Real Estate Mortgage \ �,
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> Consumer Loan 7,536.50 04/20/03 7.750
<br /> i, Ji'�Il�T PI�LIIt and STF�IIE E PLAf'.LQ� .
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is P.�. �X 11�3,
<br /> Q��l� �' 681�1 a mortgage,with power of sale,of the following property together with all improvemenis now or
<br /> hereafter erected on the property,and all easements,rights and appurtenances thereto:
<br /> IiOT EIQiT (8) BIAC;K � (2) WEST BECd� AII2E 2PID AD�ITIO�T TO
<br /> T!� CITY OF C�d.2P,1�ID ISI�AI�ID, HALL C70[A�PY, 1�RA�4�.
<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$ 7,536.50 ,with interest at the initial rate of 7.'�50 %
<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 debis 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 insurad on tha policyr.
<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 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
<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 S0.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,a�d 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 attomey 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 aU right of homestead exemption in the properly and iuture waives all righrts of redemptian;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 i wi ou go�ng o cou m a orec oaure a on upon e au y orrower un er is o gage.
<br /> 04/21/98 Ji'��T�PZ�
<br /> Today's Date Borrower s Typed Name Borr r s Si na ure
<br /> S� E PI�'.�C
<br /> Borrower's Typed Name Borrower' Signature
<br /> 1717 S Ila''.�TS Q2A1�ID IS7�AI�ID, NE 68803
<br /> Borrowers Address
<br /> STATE OF )
<br /> ) ss.
<br /> COUNTY OF )
<br /> On this Z�T day of �ZL , 19 98 ,before me,a notary public in and for said county, personally came
<br /> �� � a'I]� S�A�T�' �' P�i��Qt to me known to be the identical person or persons whos
<br /> name is or are affixed to the above mortgage,and they,he/she/they severally acknowledged the said instrument and the executio thereof to be their
<br /> voluntary act and deed. � `
<br /> WITNESS my hand and notarial seal the day and year last written above.
<br /> My commission expires:
<br /> ,�, ature DN-1077 (07/97)
<br /> NE-IN-WY-IL-SD-MI-AZ-MN-IA "'��GEM�ENN�IF R�,6CHWINDT 9
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