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<br /> �' S �ce abnve thia linn for recardin detr. IASII �i 161697 "`��--- _
<br /> '�i c�rin�--
<br /> . � Commer+clsl MOR'�GAGE - Collateral � a ��`
<br /> �� � l�ederA!B�nk Real �sta#a Mortgage � ���_
<br /> �� � —_-
<br /> ;.� Nsture oi Indshtedness laa�Amount Maturity Date Inrt�rl Interost Rata �-__ -
<br /> Cvr�sun�or Loan 19,3'A4.98 °•0� —
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<br /> k i. R1�C�U�RD I�1A'1'II�EL O�d J@H[P1R �R'FIIII� �`�°"-
<br /> � haraby yive Commaci+�Ftderol Bpnk,e Fvdeni S�vinps B�nk('Commtxcisl Faderal') a martgage,with povvsr oi t�le,of the ldlowinp proMrty top�th�r with __
<br /> all improvem�nts now or heroaftw erxted on the property,and all easaments,rights a�d�ppurtenencea thereto: �v.r�.�.,v.
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<br /> O�F�r'13�'F P,IaOCR Q� 1QtPiZD�IfiL�itD• }�d+ OD.• � �6�
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<br /> N mora th�n one peruon vyns this Mortppe,the word'i'moana 1ve.'
<br /> - � 'i1ii�Mortppe secur�s�laan made by Commercial Pedeal,its hrinfly dascribod above.A nota dated the ume date u this Mortgapo conteins ths tsrmt for
<br />_ ,� � repaym«�t ai th�t loao.if thrt note ia evsr chanped or replaced by s new noto,it will be�ecured by thia Mortgaye. --
<br /> • ;: .+ I promioe the tdlrnvinp thinpa:
<br />_ r..,:,i;•_�;� .� ir�.
<br /> ' . .:-iil�r; 1. NI DeVrn»ntc on any note or other debt aecurod by thls Monpsqe will be paid when due.
<br /> � �r � 2. M inau►�nc�pdity Sa fire�nd extended cover�pn will be kept in torce on the properry in an smount at ipst eqwl to the debU s�cured by this �' `
<br /> ' Mar!d�p�p�us any othsr mortpepei listed in panpreph 9 below.The insunnce company muat be wtisf�etory to Cornme�cial F�denl,and I�
<br /> ,� ., ; . CommMOiat Fsderal will be� namsd innund on the pol�cy. --
<br />�� ,,;,;,,: �� 3. p}I tam�nd a�est�m�nts on the property will 6e p�id b�ors thsy bxoma delinquent
<br /> .�,.i�a
<br /> ;,�a•K�Ar�'r�' ' A. No wa�te will b�committed on the property.�ad it wiil be kept in pood rspeir.
<br /> tia•nti.ar,
<br /> �� 6. The prop�►ty will not be sold (innludinp by land eontrect),Ie�aed,and no intereat In it will bo esaipnad in eny vuay.
<br />�s���...a,� O�L�1L F�L
<br />�" �,} �o- 8. I own the property iros and clear ot any other mortq�pea w encumbnncas EXCEPT
<br />'� � ,. ,�j,RI�.�
<br /> r�� ••�;t's. ;�{ Z P}o other mortpop�or lisn on the proporty will evsr be�Ilowed to be in default a be forectotsd.
<br />_�^� '.A �
<br /> If�ny of thu�promi�ee a�not kept,then Comm�rcial F�dewl can dsclan all of the debt imm�diately due�nd p�yable without advance notics.Ths
<br />=-�� `i-' • IntKat nt�will increass to 19.00%or�ny proatx r�t�dlowabl�by law at that tlms,�nd thii mortp�pe c�n be lorsclossd in�ccardmce with applicabl�Iwv.If _.
<br /> .idr}lapi%��� th�d�bt is ac�ta�tsd,th�n 1 aliq euipn my rsnt or othK Incorr�irom th�prop�rty to Commercial Fedenl. THE PARTIES A(iflEE THAT THIS CONSTITUTES
<br /> ' Y'R '� '-• A COU.ATERAL RPi4L ESTA7E MORTGAGE PURSUANT TO S0.OAK01'A C.L 44-&ZH (FOR S0.DAKOTA RESIOENTS ONLY). In th�evsnt of�ny datault in th�
<br />-��':�`;• �::` makinp of�ny paym�nt a in keepinp any cov�nant herein.thls Matpaps may ho toreclwed by action,or by adveAisament aa provided by atatuts a the ruNs �
<br />_T.!:�•`;:.t`�t oi pnctk�nlitlnp theroto.�nd this parspnph ah�ll he deomsd���uthoriznp and eon�titutinq s powsr of sate as mentioned fn uid et�tute or rulu�nd�nY -
<br />_ �r: . �rt�ndm�nt th�nto,and may ronfn ststutory coatt�nd�nomey lees(SD,WY,MN,OK,md MI reaidents onty). _ __
<br /> � � Grt�in�mounb cm be paid by Commerch�Federal and added to the debt sxured by tMa Mortyape.They ero any taxa or insunnce I h�ve�yrssd to 4;_,�;
<br /> . pay but fNl to.�ny attomW isu w court expenaas Commercial Fsderd peys if it ii meds• p�rty at any Iepal Action broupht 6y sonxone else conceminp the 1! —_
<br /> propety,�nd eny sttnmey te�a w court sxpenaes which the lew miyht altow ff Commarciel Fsderd has to po to court sya�nat me to collact the debt a C�_1
<br />' " toroclos�thls mortpape.If any ot these thing�happen,then the additional debt will accrue interost et the same rate aa the re�t of the debt�nd muet be paid r•-
<br /> � r;�
<br /> imm�diatMy.
<br /> If thli property is evw condemned under the powar of eminent domain or eny similar method ot taking proparly ta public use,any procsada ni ths takinp '� '����
<br /> w611 l»paid to Comm�rclal FederN up to the full nmount ot the debt aseurod. �@�+� •
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<br /> Nkitla to Barow�►Ifo►OW�hom� !: A vwr of��I�hn M�n r�nt�d In 1Ab Mortp� . A w�r o}�al�m• �Aow th� to t�k�tM '�°: "'���'--
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<br /> Toda a Dat� JpI,Y 31, 1997 eorro 's gna ro
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<br />_ Borcower'a ignatur
<br />- " STATE OF �4�1 1
<br /> - ) ss. ,
<br /> COUNTY OF A�LT� 1
<br /> - O�thu 33.� day o1 � �+Y .19� ,beloro me.e notary pubhc in end tor eeid eounry, peroonally came '
<br /> ��� � e� �=�'j�� ���, . to me known to be the idenUCal person or persone whose �
<br />- nartN id or are�Hix�d to the�bove nwrtpaye,and they,he a she severelly acknowlodged the sa�d instrument md the exocuUOn theroot to be their vduntsry I
<br /> sct�nd de�d. � .
<br /> ' WITNESS my hand e wr leat vKitten ebove. , (l I
<br /> My comm�aa�on exp�roe� �� / � �`-�����' I
<br /> -- CONSTANCE K,SLQAN Notary Public's S�gn�ture �
<br />- NH•IN-WY-IL•SD MA�I+�IEKP.�u+.2�,�9�G DN-1077 (10/96) �
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