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<br /> Commercial Federal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch phone number �
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<br /> Space above this line for recording data. �n �� �$'�'i��
<br /> � Commercial MORTGAGE - Collaterai
<br /> � Federal Bank Real Estate Mortgage
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> Consumer Loan 15,037.00 04/08/04 8.250
<br /> i, RP,1�IDY KRA'F'P and SA1�2A RRP�F'P ,
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is P.O. � 11�3.
<br /> ��l• �' 681'��' a mortgage,with power of sale,of the following property together with all improvements now or
<br /> hereafter erected on the property,and all easements,rights and appurtenances thereto:
<br /> IOT �Tn1II�PY NII�'� (29) JEH'FREY QAKS S[IB�IVISIO�T ZID Tf�
<br /> QTY OF (�11�ID ISI�AI�ID, HALT� aWNTY, 1�A.S[�ii.
<br /> If more than one person signs this Mortgage,ihe word"I"means"we."
<br /> This Mortgage secures a loan made by Commercial Federal evidenced�by:
<br /> A note dated the same date as this Mortgage in the amount of$ 15�037.00 ,wiih interest at the initial rete of 8.250 %
<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 8 below.The insurance company must be satisfactory to Commercial Federal,and
<br /> Commercial Federal will be a named insured on the policy.
<br /> 3. All taxes and assessments on the property will be paid before they become delinquent.
<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 /> 8. I own the property free and clear of any other mortgages or encumbrances EXCEPT ��IPL� ��
<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&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 attomey fees or court expenses which the law might allow if Commercial Federel 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 ciomain or any similar method of taking property for public use,any proceeds of th�taicing
<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 Borrower(for Oklahoma property►: A power of sale has been granted in this Mortgage. A power of sale may allow the Mortgage to take the
<br /> mo ag prope an ae i wi ou going cou in a orec osure ac ion upon e au y o ower e is o gage.
<br /> 04/08/99 RADII7Y RRAF'P
<br /> Today's Date Borrower s Typed Name Borrower' natur
<br /> s�r�A xi�r
<br /> Borrowers Typed Name wer's Signature
<br /> 4176 �T AVIIV�JE C�2A1�ID ISI�I�ID, NE 68803
<br /> Borrowers Address
<br /> STATE OF I�A�.4IQ�a )
<br /> ) ss.
<br /> COUNTY OF F�AW� )
<br /> On this 8� day of �ZL , 19 99 ,before me,a notary public in and for said county, personally came
<br /> �Y �'r aiK� to me known to be the identical person or persons whose
<br /> name is or are affixed to the abov mo rally acknowledged the said instrument and the execution thereof to be their
<br /> °� � I�� �
<br /> voluntary act and deed. MICHE E M C
<br /> WITNESS my hand and nota �1��►�!� ove. �
<br /> 9
<br /> My commission expires:
<br /> NE-IN-WY-IL-SD-MI-AZ-MN-IA Notary Public's Signature DN-1077 (07/97)
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