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<br /> Commer 'el edera!Bank.P.O.Box 1103,Consumer�oans,Qmehe NE 68101.Branoh phone number
<br /> , �,
<br /> , ----------�
<br /> � ----- --- '�fi3�33
<br /> ----------------------------------�------------------------- -lGo�i-��-
<br />' • � Space ebove this line for rseordinp d�ta.
<br /> Con+�m�rdsl g� ,�1��4►� MORTGAGE - Collateral �
<br /> . � Fid�ra/Bsnk Real Estate Mortgage
<br /> � \.
<br /> — Maturity Data Initial Intxsst Rate
<br /> � Neturo oi Indebtednssa l.osn Amount �r��0a 7'�g�
<br /> Conaumer Loen 10,OL5.50
<br /> t, LD� C I�t� end� M LIffi�
<br /> ' heroby pivs Commercial Fedarai B�nk,a Federel Savinps Bank('Commercia! Federel'?,vuhose�ddrass is p � � 1103. —
<br /> Q�j��� I� 65�.01 a morteape,with power of sale,of the foilowind property together with ell improvements now w
<br /> hareafter erxtdd on Ihe properly,and all eassmenu,riphu end appurtenance�thereto:
<br /> IAT TII�T (10) HIpC'X�E (1', DIQ�iY R4miD Ei0�M8ICN. QTY
<br /> '"�• OF C�.7ArD ILiII�lI�� I�1Id+ 00�i�� �•
<br /> • .�
<br /> If mora than one peraon sipns this Mortpage.the word'I•means'wn."
<br /> --
<br /> . This Mortp�pe securos a loan made by Commercial Faleral svidanc iX o�S �� ,,Mth interest at the Initisi rste oi 7 �g�--�%
<br /> A nota dated ths�ame date as this Mortyage in the emount oi S
<br /> per ennum,cont�ine the terms for ropayment oi th�t loan.It that note ia ever chanqed or rsplaced by a new nots,it will be�ecured by this Mortpape•
<br /> " i promi�s ths followinp thinga:
<br />� 1. All payments on any note a other debt aecured by this Martpage will be paid when due.
<br /> . 2 Mortpsps pius any therrmortpapet 1 sted in pa per ph 8 beo w.The insuran e co�mp y must be satedactory to Comtms ci a Federn�dY this
<br /> Commerciai Federei wili be a nsmed ineured on the poiicy.
<br /> 3. qll taxea nnd eaaeasments on the proporry will bs p+�id betore they bxome delinquvnt.
<br /> 4. No waste will be committed on the properry,and it wili be kapt in good rapair.
<br /> • � • 6. Ths property wN�not bs sold (includinp by lend contrect),leased,and no interest in it wilt be assiyned in any wuy.
<br /> .*, '� B. 1 own the property tree and clear o1 eny other mortgayaa or enaum6rances EXCEPT ��r ��
<br /> • ' 7. No other mortpape or lien on the proporty will ever be allowad to be in detault or be foreclosed.
<br /> If any of theae promisea ere not kept,then Commercial Federel can declaro ell of the debt Immediately due and payeble without edvance notice.
<br /> � Exceptiona may be required by law.Tho intorost rate wili increaae to 18.00%or any leaaer of the meximum rate ellowabie by lew at that time.end this
<br /> mortpape can be foreclosed�n accordenca with applicable lew.If tho debt fa eccelereted,then I aleo eaaipn eny rent w othar income from tfie property to
<br /> Commen:isl Federel. THE PARTIES AGREE THAT THIS CONSTITUT�S A COLLATEflAL REAL ESTATE MOHTGAGE PURSUANT TO S0.DAKOTA C.L 4A-8-2B
<br />" � (FOR SO.DAKOTA RESIDEfJ�S ONLY). In the event oi any default in the mrking of eny payment or in keeping any covenant herefn,this Mortgage msy be
<br /> _ forecloaed by actfon,or by adveniaemont as provided by stetute or the rulea of practice relutmp theroto,and thie parapreph ahall be deemad as authorinng and
<br /> ' constitutinq a power of aale aa mentioned in wid etetuto or rulea and any amendment thereto,end may retein atatutory coaU and sttomey tees(SD,WY.MN,
<br /> " ' OK,end MI roaidents only�.
<br /> ' Certain amounts can he paid by Commercial Federel end edded to the deht aecured by thfe Mortgape.Including any taxes or insurence i heve ayreed to
<br /> pey tut tail to,eny attomey feea or court expeneoa Commercfel Federel peya it it is made a party at any legnl e¢tion broupht by eomeone elee concerninp�the
<br /> t forepclo e th a mortgege.It eny of hese tF�ings hepp nc hon�the addlthonall debtCwilm ccnifel inte�roatiaf tlie same ret u st hei roa ot the delbt and muat ba pnid '
<br /> .
<br /> , immediately.
<br /> If this property is ever condemnod under tho pownr ot eminent domafn or any similer method oi teking property tor public use,eny proceeds of the takinp
<br /> will be paid to Commarcial Federei up to the fuil amount ot tho debt secured.
<br /> Borcower waivea alI right oi hornoatoad exemption in tho properly and future waivea aII rights of redemption.oxamption,distri6utive ahore and dower.
<br /> Notic�to Borrow�r Itor Oki�home prop�rty): A pow�r of sd�h��b��n gnnt�d In thl�MoRpap�. A pow�r of�al�m�y�Ilow th�Mortq�O�to t�k�th�
<br /> ma�g�-�prop� ■n s� w ou go np o oou n• ono oiur��oUon upon n�r�uii oy oonoW��unasr inu mur tl e
<br /> 12/OS/97 I� C IiI9�KF' ._ �;�c, i{ �f'J4_L-I?� � — —
<br /> � 7oday's Dnta Borrower'a Typod Name Borrowar a Sipneture ���
<br /> � � %%r l lt � .�/�7. '
<br /> � � M LI� �•�
<br /> . _ . ' _T.,,,_,,tie,,,� go owera Signoturo
<br />_ . _ ..a�.-... .,,..�.._..._
<br /> 2772 O'FLAtII1AC'�IJ GRAI'ID I3I�fI�ID. IZE 68803
<br /> IBorrowor's Addross
<br /> I S7ATE OF I�RI�$C� 1
<br /> ) sa.
<br /> COUNTY OF �� 1
<br /> � 8� da ot D� ,19 97 ,6ofora ma,n notary public in und for smd county, poraonally camo
<br /> i I�Cthf�� �� �Y�j M �� to ma known to bu tho idonticnl porson or porcone whosa
<br /> I namo is or arc offixad to tho nbovo mortpago,and thuy,h�/aho/thoy sovo:nlly ocknowlodgad tho soid mstrumont and tho oxacution thoraof to bo thoir
<br /> i voluntcr,�nct a�������
<br /> � WITNESS my hnnd nn �hnt�S(,Yyyi, , n ahovo. �/ �
<br /> j My commission oxpiros� IAL ROTAAY-S�f� f l:i,tFSl� ��n> »r'�/ �` '
<br /> � NCEK.SLOAN NotaryPublicaSignnturo DN-1077 (07/97)
<br /> NE-IN-WY-IL-SD- '�'�,���,�.24,�9ge
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