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<br /> Space above thia line fa rxording dsta. TASA #' 2536a.2 '�r,,"`.��_.
<br /> ' Commerclal MORTGAGE - Collateral � -
<br /> , � IG'edrra�B�nk Real Estate Mortgage ,���,;=°�`�-
<br /> � � _:-_-
<br /> Naturo of Indehtedneee :.am Amount Maturity Date Initial Interost Rate °--
<br /> ConsumerLoen 7,050.00 �'750 �
<br /> 5 . f.(
<br /> � �, 2+A'IR41F.W �TAY(JBTR�II�DFB eIYi C�tIli t7@ff' 06RR�� =`. _
<br /> hereby pive Commerciel Federal Bank,s Federal Savi�gs 8ank('Commerciel Federal'� a mortpepe,wfth povwr of sale.o(the followfnq property topetherwith �.��._
<br /> ' oll improvemenU now or hereafter erxtsd on the proparly,and etl e�sems�ts,riphts and appurtenAncea thbroto: —
<br /> �. TJ(77!' RFU (2)r PO�A�i $�1VI8IQ�I� H�iLT� CXXTI�T!'!l� I�. —_-
<br /> , ;.
<br /> ��
<br /> . It mare thsn ons peraon aipns this Mortqape,the wad'1'masm'we.'
<br /> Thia Morcpaye aecures a loan made by Commerciai Feder�l,as brisliy descnbed sbove.A note d�tsd the same date as thia Mortqaye contains the terrna Tor
<br /> repayment of that Iwn.Ii that�iote is ever chsnped or replaeed by a now note,it will be sseured by this Mortqage.
<br /> I promiae the followinq thinps:
<br /> , 1• Ali paymsnu on any nots a other daht securod by thie Mortpaps w+ll bs ps�d wfirn dw. -
<br /> 2. M insunncs policy fw fire and extsnded coverape will bo kept in fwce on the property in�n amount at is�st punl to the d�bts securod by thi�
<br /> � Mortg�pe plus s�y other mortqaflea�isted in paropnph 8 betow.The imurane�company must be atist�ctory to Commercf�l Fedsnl,and
<br /> ., Commueiel Fedenl wiil be a namsd insured on the policy.
<br /> . �
<br /> 3. All tax�s and a�ssisrnsnt�on the property will be paid beforo thsy 6ecome delinqusnt.
<br /> �^-�• 4. No vw�te will be committsd on the propsrty.�nd it will be kept in pood ropair•
<br /> . 6. Th�propsrry wiil not be so�d (includinp by land eontrect),leased,and no interost in it wiil be auipnsd in eny way.
<br /> t '
<br /> b. I own the propsrty free and eleer ot any other mortpapss w sneumbnnces EXCEPT _ � �L � �
<br /> • 7. No othx morlpsps w iian on the properry will ever hs allowed to bo in default or be faeclored. --
<br /> '� , If�ny ot th�se promites are not kep�thsn Commercial Fedeui csn dectan NI of the debt immediatsty dus and psy�bl�without adwnc�notks.Ths =
<br />`C..,�:> intersst rate w+ll increaae to 18.00%a any preat�r nte alloweble by law�t tfiat time,and thie mortpepe can be tonciwd in accadance with a icabis law.If !
<br />��e�w'•w ' ' the debt ia�eeelerat�d,then 1 alw auipn�ny rent or othx incort+e irom the propsrty to Comme►cial Fedenl. THE PARTIES AGREE THAT THIS C�NSTITUTES
<br /> A COLLATERAL REAL ESTATE MORTOAGE PURSUANi TO S0.DAKOTA C.L 44-8-2E (FOR SO.DAKOTA RESIDEfJTS ONL1�. In the avent o(any dsfault in ths _
<br /> -- • makinp of any payment a in keepinp sny cove�ant herein,thie Monpaye may be forselossd by�ctian,or by advsrtitsment a�provided by stetute or the rul�s
<br /> • of pwntics rolstinp theroto,and this parapnph shdl be dsemed as authorizinp end constituting s power ot uIe as msntioned in uid sUtute a rulu and any _ _
<br /> "' r am�ndm�nt theroto,snd may rotaln�tatutory cotu end attomey fees(SD,WY,MN,OK,and MI rssidsnt�only). .,__ __
<br /> Cert�in�mounri can bs paid by Commerci�l Federal and eddsd to ths debt�ecurod by this Morty�pe.They�rs eny taxa w Inturance I havs apraed to
<br /> � � pay but fail to.�ny�ttomsy feea or court expensea Commercial Feclenl pays i}it is made a party�t eny lepal�ction brought by sorn�one el�conceminp the ��-�_
<br /> � , property,and any attomey fees w court expenses which the law miqht Nlow if Commerciel F�dx�l h�a to qo to coun ipainH me to cdlect the dsbt or _-�_��
<br /> �i fonclos�thls mortp�p�.If sny of thoae thinpa h�ppen,then the additional deSt wilt�ccrus intsrost at the a�me nte a�tha reat ot the debt�nd must M p+ld �_��:�
<br /> ; immediately. ��Q�
<br /> �, If thu properry is over condemned under the power of eminent domein a eny eimiter method oi takinp property fu pu6lic use,eny proceed�of the takinp --��=--_-.
<br /> „ �•� will be paid to Comrnsroi�l Fedsnl up to ths full ama,nt o1 the debt eaeurod. ���-
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<br /> I Notfo�to Borrow�r(tor Okl�homa prop��rt r): A_pow�r of�d�hn bwn Onnt�d fe thi�Mortpap�. A pow�r of ul�m�y dbw th�Mortq�p�to t�k�tM .:r.�q.y�. {,
<br /> 1 . �� .
<br /> - -ana:� '° " po np eau �n� ono sun�atwn upoe d�rwrt oy oonow�r una�r • +r�• ''T'!�:� ��
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<br /> _ . _._ ——_�1 IvUiyovtlie �yR7lla'y' 19� 177I _"._.._._ . _ . . ..__ -._._.. _._..____. .
<br /> ' liorto 7 Sipnaturo '
<br /> STATE OF I�R�SLa 1 �
<br /> +I ► sa.
<br />- g COUNTY OF ��1Lt+ 1
<br /> .� On this 14TH day ot �� ,19_ 9?.botore me,a notary publ�c in ond(or naid county. personelly come
<br /> I ��� �Y (� gI1� Q(�j\ �'JI�b' �'I�R�}� . to me known to bo tho idontical person or poraona whoso
<br /> � neme ia or ero afiixed to the above mortpege,end they,ho o�ahe aoverally acknowledgud the aaid�natrument end the execution thoreof to bo thoir , untery
<br /> ' act and dccd. ^ ' �
<br /> ' � WITNESS my hand and notarial aeal the dey end year Iaat wntten ebove / \ �����L
<br /> � � (,111 f.� .
<br /> My commission expues:
<br /> Notery ublic'e Sipnet
<br /> NE-IN-WY-IL•SD-MI-AZ-MN-IA A 6EI�EMI AOTM1f,S1M111 M1kltti DN-1077 (10/96)
<br /> � �! JENNIFER L dClfiMN�T .,
<br /> e�S��,.�p�y Comm.Exp.S�P�21,t049 .
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