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<br /> Commerci�l�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. �� �����
<br /> Commercial 98" 1(7�4325 MORTGAGE - Collateral �
<br />._ � Federal Bank
<br /> � Real Estate Mortgage �
<br /> Nature of Indebtednesa Loan Amount Maturity Oate Initial Interest Rate �.
<br /> Consumer Loan 25,318.51 05/15/03 7.750
<br /> i, DCi�I� J �Z and 1�lC�.IAI� M WF�IIt ,
<br /> hereby give Commercial Federal Bank,a Federal Savi�gs Bank('Commercial Federal'),whose addresa is P.�. � 1103.
<br /> ��� NE 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 /> I�iH SEVII�Ti'Y-EIC3iT FE�P (N78') OF IAT FZVE (5) , BzACSC
<br /> Zg�t'I'Y-SI% (36� ,__�, �'�2'S ADDITIC�T � TFIE QTY OF
<br /> C�1�ID ISCAI�ID, F1AI,i, aJtA�Y, 1�l.4�[Q�.
<br /> If more than one person signs this Mortgage,the word'I"meana'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 a 25,318.51 ,with interest at the initial rate of 7.750 96
<br /> per annum,contains the terma 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• M 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 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 delinque�t.
<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 i�terest rate will increase to 19.00%or any lesser of the maximum rate allowable by law at that tima,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.44&28
<br /> (FOR SO.DAKOTA flESIDENTS 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 rulea and any amendment thereto,end may retain statutory costs and attomey 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 attomey fees or court expenses Commercial Federal pays if it is made a party at any legal action brought by someone else conceming 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 thi�gs 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 /> Notics to Bortower(for Oklahoma property): A power of aale has been granted in this Mortgage. A power of sale may allow the Mortgage to take tha
<br /> rt�o a props an ae i w ou go�ng cou �n a orec osure a on upon e au y orrowe n er is o age.
<br /> �5/14/98 DCS�I,D J WF�IIt
<br /> Today's Date Borrower s Typed Name Borrower's Sig�a
<br /> Nn►c�)AT�r' M WESIIt
<br /> Borrower s Typed Name orrower's gnature
<br /> 503 E 12TH 3T C�2A1�ID ISI�AI�ID, NE 68801
<br /> Borrower's Address
<br /> STATE OF � )
<br /> COUNTY OF HAI�T� ) ��
<br /> On this 14� y , 19 98 ,before me,a notary pubtic in and for said county, personally came
<br /> �� J � a�o��� M �'� 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 a d ar last wri ten above.
<br /> My commission expires: BA1 bt1TARY-Shta e}l�� � � �
<br /> NE-IN-WY-IL-SD ST��CE K.S1.OAN Notary Public's Si9nature DN-1077 07 )
<br /> MY xp..hn.24,1999 ( /97
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