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<br /> 97— 1��6fl99 � -�:._
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<br /> fipece obove thi�lins iw rxading date. IA�1 �L a04663 �,.a�_
<br /> Commerialal MORTGAGE - Collateral �-
<br /> � Fed�sral��nlVc Real E�tate I�llortgage �
<br /> , , :; �
<br /> � Naturo oi Indebtednese Lan Artwunt Maturiry Dam Initial int�nat Rata � G
<br /> ' ConnumerLoan 9,OOO.QO ''.750
<br /> �' 1�_.
<br /> �• ��� � � p�'� '7 � e,with wer ot aala,of the follow+np propartY to0ether with =_-
<br /> heroby Oiw Commer�w�Federal Bank,a federal SavinOs Bsnk�'Commercial Fodx+P) a mart0�{i P° --
<br /> .. all improwrtfsnu now a hpeaksr erocted on tha propertp.a�d rll�menti,riphU�nd�ppurtsnances thnroto:
<br /> , A�. L,d� TL+FUFN (1�.) BTOQC C� (1�T�'�TAT�� '� E3�MSICN —'-
<br /> � � QTY OF � I��ilrD, C�IA�!'Y� I'�'.
<br /> ,... . .
<br /> , '.� It more th�n ons penon signs thie Macgaee,tfie word'I'meana tivs.'
<br /> ",�':'' This Mortpape secuns a loan mads by Commerci�i Federal,�s briolly deicribod�bove•A note dated tha ssm�dste aa this Mortpape contams tM tsrtns for
<br />~ repayrnait of that lo�n.H that note h ewr chanped a►udaced by a new note,it will be eeeund by this Mortpape.
<br /> � 1 promiw the idlowin0 thinga:
<br />�.-
<br /> _�+�•• •r 1. All paym�nts on my note or othx debt secured by this Mortp�ps will bs paid wfien due.
<br /> 2. An insurance policy ta fire and extended coverape will be kspt in torc�on the propsrty in an amount at lesst eqwl to the dsbu Ncurod by this
<br /> "" ''""�` Mortppe plua�ny other mortpayss liitsd in p�rapnph 6 bstow.Ths inwnnc�company mwt be aatidactory to Cammarcial fedsral,snd
<br />_-- ' . Camm�rcfal Fedsril will be a namsd insured at the policy.
<br />=:� m,>,=�r 3. All taxus�nd uwsments on tha propsrty will be pafd betoro they beeon�+e doiinquont
<br /> 3ri�'�'Y�t,.-�
<br /> '�Y-� -�.` 4. No uwst�will be commltted on the propsrry,�nd it wip be k�pt in qood npair.
<br />°,',#�.'..
<br /> ' � 6. Tho propsrty vNll not be sold (ineluelinp by land conttict),lea�ed.and no interost in it will be�uiqned in any way.
<br /> ���-`�� � � dVFitli�iZD IATI�AL
<br /> �-:' 6. I own th�property iree and clear ot any othx mortqopes w �ncumbnnces EXCEPT
<br />_y�- -
<br /> �,. ��.,
<br />= 7. No other mortga9e a Ifen on the property will ever be allowed to be in detault a bo toreclwsd.
<br /> =x°
<br />=`"'L � If any ot thss�prcmiaet aro not kepL then(:ommereiel Fedanl can deelars�II of the debt immsdiat�ly dw and payabt�without advanu notics.Ths
<br />� . interoet rcte will tncrxY to 19.0��r eny preater nts�Ilaw+ble by law st that tims,ahd thh monpap�can be forscloMd in�ccordance with epplicabl�law.H `
<br /> -;:�;�^���'+� ths d�bt ia�ccM�ratsd.thon t dso�esipn anY rsnt a other income from th�pro�erty to Commarcul FedK+i• THE PAHTIES AGRE[TFiAT THIS CONSTIMES
<br />�: �,� A COLLATERAL REAL ESTATE MORTGAtiE PURSUANT TO S0.DAKOTA C.L 44&2e (FOR S0.OAKOTA RESIOENTS ONL1�.In tM evsnt ot�ny dsfauk in ths
<br /> m�kinp d any paymsnt or in kwpinp any covonant henin,thi�Mortpaps rruiy b�foroctasd by�ction,or by sdwrtia�rn�nt n providsd by statut�a th�rulu —
<br /> -y ���. ' � of pnctic+retstinp thereto,and thb puaprnph shall be deernd as�uthorizing end constitutinp�powrx d s+�e u rt»nNoned in said statuts or rule��nd sny _
<br /> �' °�r� � amMdm�nt thento,and may rotsin etatutory eosU�nd mom�y�asa(SD.WY,MN,OK,�nd MI ro�idenu only). _
<br /> - � Cerain amounu can be paid by Commercisl FedsrN and addsd to the dsbt securod by thfs Morty�pe.'fhsy srs�ny t�xs�or Insurance I haw�pre�d to k:
<br />- ' ' • pay but f�il to,my attomey issa a court sxpense►Commerci+l Federal paya it it is made a p�rty at+ny lepal�ntion broupht by son�sme d�s eonc�rniny ths
<br /> ". � propsrty,snd any�ttomey fe��or court exp�naes whicA the uw mipht nlluw d Commsrcial Fsdenl hu to po to court against me to cdlxt ths dsbt a i
<br />� � forxloae this mortp�pe.If any ot these thinps hoppen,then the�dditional debt will secrw intereat�t the sams rata�s ihe�est ot the dsbt�nd must b�paid
<br /> immedf�tely. ..:
<br /> If thii property is ever condemned undx the pow�x of eminent domain a any similar method of taking property for public ua,�ny proceed�of the tskinp
<br /> � � wilt be pald to Commxciel Fedxal up to the full amount of the debt�scurod.
<br /> �, '
<br />_, i �
<br /> }. Notlo�to BoROVrM(for QW�homa h A pow�r of��hu b�pnM�d In thb MorW�W A povwr of��N m�y�Ilow 1M MortO�W to Lk�th�
<br /> • m • w D�p oou n� or� u�• upon �u y vrK unwr mu Mo�q�
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<br /> �._� :.___.._. __.-•� 7ovays���o �rilpT LO� 177♦ �_ ._�� y �
<br /> 1 — _�_—
<br /> � Bortov4ror s Sipnature
<br /> - � STATE OF I�1S'�l 1
<br /> ) ss.
<br /> _ COUNTY OF H�W� 1
<br /> 1 On this_�3TH day of a�r .19 97 .betore me,a notary public m and lor ea�d county. perwnslly csme
<br /> �_�,�, � � a� p�l�p� J �aa to me known to be ths�dsnucal peroon or pe�aqns wfiose
<br /> ; n�me is a are aHixod to the above mat0a9s,and they,he or ahe neverNly acknowlodped the neid mstrument snd the exee thereot to be their v ntary
<br /> � act�nd dsed.
<br /> - WITNESS my hand and notenal se�l the day end year le�t wnttan ebove. �
<br /> My commfasion expiros: � / I
<br /> _ Notary• ut ic'�Sipn�tur I
<br /> NE-IN-WY-IL-SD-MI•AZ•MN-IA ����„�M�� DN-1077 (10/96)
<br />_ � � �JENNIFER L SCFM1AANDT I
<br /> Cam+.E p�.t979
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