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<br />RE-RECORDED
<br />Loan Amount
<br />Maturity Date
<br />20000 583
<br />Consumer Loan
<br />9,536.50
<br />1 10/05/03
<br />7.750
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<br />Commercial Federal Bank, P.O. Box 1103, Consumer Loans, Omaha NE 68101. Branch phone number
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<br />Space above this line for recording data. LC►an ��$��
<br />------- - - - - --
<br />Commercial - a MORTGAGE - Collateral
<br />Federal Bank - 9$ 1tj92S1 R i F� to
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<br />�a to nA cmtgage
<br />Nature of Indebtedness
<br />Loan Amount
<br />Maturity Date
<br />Initial Interest Rate
<br />Consumer Loan
<br />9,536.50
<br />1 10/05/03
<br />7.750
<br />I. WILLIAM J MACH and DIANE M MACH
<br />hereby give Commercial Federal Bank, a Federal Savings Bank ( "Commercial Federal ") , whose address is P.O. BOX 1103,
<br />CMAHA, NE 68101 a mortgage, with power of sale, of the following property togethe th all improvements now or
<br />hereafter erected on the property, and all easements, rights and appurtenances thereto: . .. C kYl
<br />Corrected Legal Lot Fifty -Eight (58), ILeheights Fourth Subdivision
<br />to the city of Grand Island, Hall County, Nebraska.
<br />eb � I✓Io�cK., 8 "�` A ct-a n�� 7Yl • `til cc �I
<br />If more than one person signs this Mortgage, the word "I" means "w.'
<br />This Mortgage secures a loan made by Commercial Federal evidenced by:
<br />A note dated the same date as this Mortgage in the amount of $ 9,536.50 with interest at the initial rate of 7 .750 %
<br />per annum, contains the terms for repayment of that loan. If that note is ever changed or replaced by a new note, it will be secured by this Mortgage.
<br />I promise the following things:
<br />1. All payments on any note or other debt secured by this Mortgage will be paid when due.
<br />2. An insurance policy for fire and extended coverage will be kept in force on the property in an amount at least equal to the debts secured by this
<br />Mortgage plus any other mortgages listed in paragraph 6 below. The insurance company must be satisfactory to Commercial Federal, and
<br />Commercial Federal will be a named insured on the policy.
<br />3• A:1 taxes and asses--man,,., tl,-y 1,,,_ A"Rq
<br />4. No waste will be committed on the property, and it will be kept in good repair.
<br />5. The property will not be sold (including by land contract), leased, and no interest in it will be assigned in any way.
<br />6. 1 own the property free and clear of any other mortgages or encumbrances EXCEPT MIRE= EMERAL
<br />7. No other mortgage or lien on the property will ever be allowed to be in default or be foreclosed.
<br />If any of these promises are not kept, then Commercial Federal can declare all of the debt immediately due and payable without advance notice.
<br />Exceptions may be required by law. The interest rate will increase to 19.00% or any lesser of the maximum rate allowable by law at that time, and this
<br />mortgage can be foreclosed in accordance with applicable law. If the debt is accelerated, then I also assign any rent or other income from the property to
<br />Commercial Federal. THE PARTIES AGREE THAT THIS CONSTITUTES A COLLATERAL REAL ESTATE MORTGAGE PURSUANT TO SO. DAKOTA C.L. 44 -8 -26
<br />(FOR SO. DAKOTA RESIDENTS ONLY). In the event of any default in the making of any payment or in keeping any covenant herein, this Mortgage may be
<br />foreclosed by action, or by advertisement as provided by statute or the rules of practice relating thereto, and this paragraph shall be deemed as authorizing and
<br />constituting a power of sale as mentioned in said statute or rules and any amendment thereto, and may retain statutory costs and attorney fees (SD, WY, MN,
<br />OK, and MI residents only).
<br />Certain amounts can be paid by Commercial Federal and added to the debt secured by this Mortgage. Including any taxes or insurance I have agreed to
<br />pay but fail to, any attorney fees or court expenses Commercial Federal pays if it is made a party at any legal action brought by someone else concerning the
<br />property, and any attorney fees or court expenses which the law might allow if Commercial Federal has to go to court against me to collect the debt or
<br />foreclose this mortgage. If any of these things happen, then the additional debt will accrue interest at the same rate as the rest of the debt and must be paid
<br />immediately.
<br />If this property is ever condemned under the power of eminent domain or any similar method of taking property for public use, any proceeds of the taking
<br />will be paid to Commercial Federal up to the full amount of the debt secured.
<br />Borrower waives all right of homestead exemption in the properly and future waives all rights of redemption, exemption, distributive share and dower.
<br />Notice to Borrawer_lfor 041abome pr_pe:ty): !! powex-of calo hss horn. „:sr.:cd i. -..:h ; MarWai;a. A 1;uwbr A Bald may allow the Woortuaae io iake the
<br />09/16/98 WILLIAM J MAGI
<br />Today's Date Borrower's Typed Name Bo o rs Signature
<br />DL32M M MACH / `10
<br />Borrower's Typed Name Borrowers Signature
<br />2108 VIKIM ROAD GRAM ISLAND, NE 68803 -2246
<br />Borrower's Address
<br />I ss.
<br />COUNTY OF HA JL )
<br />On this 16TH day of sue' BM 19 98 , before me, a notary public in and for said county, personally came
<br />WILIaIAM J NAM and DIAM M MA H ' to me known to be the identical person or persons whose
<br />name is or are affixed to the above mortgage, and they he she /they severally acknowledged the said instrument and the execution thereof to be their
<br />voluntary act and deed. p
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<br />WITNESS my hand and notarial seal the day and ar I wnii�u�:alib�l9, i
<br />n11 FiELLF iii. CRI.
<br />My commission expires: Comili. Exp. J'1
<br />NE- IN-WY- IL- SD- MI - AZ - MN - IA 714fiKftjhI"r s ignature DN -1077 (07/97)
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