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<br /> i '--'-"-------` S ace abovs thialine tor rec«din dat�. I+OQIl #1 213589 _
<br /> .':, Comm�rclal MORTGAGE - Collateral =
<br /> �� � �'ed�ra!BPnk Real Estate Mortgage =
<br /> ��- .. � � Initial Interoat Rete
<br /> - lHaturo ot Indebtadnsa Losn Amount Maturity D�ta
<br /> Consumer Loen 20,000.00 �'��� �
<br /> �` � I. IiC/Y PlllJl��7I'B eIld � � IC I�'n�14 p sther with
<br /> � : hereby pive Comrtrorcid Federal Bank,a Federol Savinps Bank('Commsrcial Federal') e rtartpege.with power of isale.of the follow+n property top
<br /> I atl improvsmants now or here�fter erected on the propsrty.�nd all e�aernsnt�,riyhts and appurtenx�xe thxeto:
<br /> k •• � uyp �T ],,4) ]Id IaE I�I' L'�E1T4 Ri� E� .`"`'.ICN� HALL
<br /> �TPY, r�tllE�fQi.
<br /> '�.
<br /> t
<br /> . _�
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<br /> • ,;;`�•,� If more than one peraon sipna this Mortgage,the tiwrd•I'meani'we.'
<br />= repa�}rtnent oi thet loenr If th'at no ea s�ver cha psd ar r plaesd by�neYw note,i�t will be seeu�ed by thie M rtp e.ate�s this MortOap�contains tho tettns ta
<br /> I promise the tdlowinp thinga:
<br /> ' 1, q��paymenta on�ny note a othx debt�ecured by thii Mwtpsys w+ll be paid wfien due.
<br /> ,� • 2. M inaunnce policy for firo and�xtended coverp�will b�k�pt in forca on ths propsrty in a�amount�t I�ast equal to the debt�ascured by thii
<br /> . Mottpsp�plw any other mort0apn+��ated in parapraph 0 below•Th�inaurance canpany muat be st�tidaetory to Commercf�l Feder�l,and
<br /> Commsrcial Federal wiil be• named insured on ths policy.
<br /> L' 3. Ail taxe��nd�uessmsnts on the propary w+ll be poid bsioro they bscome delinquent
<br /> • • � 4. No waste will be comrnitted on the properiy,md it will bs kept in paod rspair.
<br />- � ' 6. The propaty will not be add (ineluding by land contr�ct).leas�d,and no interest in it will he auipned in any way.
<br /> ?' ' C�I1�L FF�i1D D�I� m
<br /> B. I own the property free and clear ot any othor mortpspea or encumbroncea EXCEPT
<br /> 7. No other mortpaye a lien on the property wi��sver ha��lowsd to he in default w he toreclosed.
<br />___ r
<br /> Ii�ny of thas promisu�+re not kspt,thsn Commsrcial Fedsral ean declaro dl of th�debt imm�diately due�nd payabls without�dvancs notics.The
<br />- • i��tereat r�te will incrsaw to 18.00%w any aroater rets allow�bl�by law�1 that tirrw,and this matpapa can bs foreclossd In accordanc�with applic�bl�law.li
<br />� ths d�bt is�cwlxated,then�also aw�qn�ny rsnt u other incortw from th�propsrty to Comrrarcial FxJsrol. THE PARTIES AGREE THAT THIS CONSTiTUTES �
<br />-' A COUATERAL REAL ESTATE MORTGAGE PURSUANT TO 50.DAKOTA C.L 44&26 (FOR SO.UAKOTA RESIOENTS ONL1�. In the w�t of any dsfault in the
<br /> ' � � e ma M foreclwd b aetion,or by adverti�ement as providnd by statuts ar ths rules
<br /> • makinp ot any pannent w in keepinp any covemnt heroin,thfa Mortpp Y Y
<br />- " of practice relatinp thereto,and this psngreph Ehall be deemed u�uthorianp and eonstitutinp a power of saN u mentioned in aid sutute w ndee�nd iny
<br /> _ . arnendmont thereto,and may rotain statutory cwts and attomey t�ss(SD.WY.MN,OK,�nd MI residenu only►.
<br /> Csruin�rtwunta can he paid by Commereial Fodxal and added to the debt eecursd by thi�Mortppe.They�ro any tuces a insur�nce I have apreed to
<br /> „� pay but fsand an�atttamey f�s or court exPen�ses w�fiich the law m flht illoyuv if�tCommerchl Fe�de etl hai t�o p ot co rtr e�pNn tYmew to cdlec he deb�°rnp the
<br /> P�Y. Y
<br /> fonclo�e this mortpapo.It any of thess thinps h�ppen,then the additiond debt will�ccrue interest at tho same rate ea the rsat of the debt and must 6e p�f _
<br /> � immadi�tety.
<br /> If this proparty ii ever eondemned under the power ol emine:�t dom�in or any a�milar method of takinp proporty for publio use,eny proeeed�ot tl�o t�kinp
<br /> will be paid to Commerci�l Foderal up to the full amount of the debt secured.
<br /> .5 ! f _
<br /> F Notiw to Borrow�r(for OM�homa prop�rtyl: A powK of�af�h��bMn pr�nt�d In thii Mortp�p�. A pow�r ot uI�m�y allow the Mortp�0�to t�k+tM
<br /> m �qw{xop�►iY�na■�u.s..� � .y .n .�r�■ uuon huR dY tlorrow�r unwr vui macp�g� -
<br /> - ' :vty ' ��"��C'�""'_ _
<br /> T.,d.�a nafe arr.tt4T ��_ 1997 Borro rs Sipnuturo ��p�� �n'�
<br /> . __._ _-.-.-_= i • ------ —• - � -
<br /> � ���('�[:_ JS� �-�o�i�..� .
<br /> i Borrower'a Signaturo
<br /> _, � STATE OF I�RA.� 1
<br /> ) ss.
<br /> COUMY OF H�I+I+ 1
<br /> On th�e �.� day of AQi�r . 18 9� .befae me,a notary public m and ta sa�d county, pernonelly came �
<br /> � p� ��g� � �� g g���g to me known to be the�dent�cel poraon or porsona wt+oae '111
<br /> __ name ia or ero oHixed to tho above moripape,snd thny,he or she severelly acknowledgal tha taid metrument and tho execution thereof to be thmr voluntary I
<br /> act and deed. �
<br /> I W ITNESS my hend nnd ar last wntten ebove. / � �
<br /> - ' My commias�on expiros: ►j l -'(�1j���'�L/°i� -f� �
<br /> I CONSTAMCE K.$�OAN Notery Public's Signature
<br /> � NE-IN-WY-IL-SD• :,,. , �If�a7#�►�rP J3�:�.t�m DN-1077 (10/96)
<br /> �....,........,..,......t.
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