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<br /> "� 99- 1Q4o�r � o
<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 �� '�J7'����
<br /> � Commercial MORTGAGE - Collateral �
<br /> � Federal Bank
<br /> Real Estate Mortgage �
<br /> Nature of Indebtedness Loan Amount Maturiry Date Initial Interest Rate
<br /> ConsumerLoan 8,037.00 02/28/03 9.750
<br /> i, JAI� A SIC�i III and VIC�E L SICH
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is_P.�. BO�C 1103.
<br /> ��� NE 68101 a mortgage,with power of sale,of the following property together with ali improvements now or
<br /> hereafter erected on the property,and all easements,rights and appurtenances thereto:
<br /> IAT SEVII�T (7) IN CAPITAL H�IIC�iTS SEVII�!'fI SCTBDIVISI�i
<br /> HALL ODi7NPY, 1�A�S�i
<br /> If more than one person signs this Mortgage,the 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$ 8�037.00 ,with interest at the initial rate of 9.750 %
<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 8 below.The insurance company must be satisfactory to Commercial Federal,and
<br /> Commerciai Federal will be a named insured on ihe policy.
<br /> 3. All taxes and assessments on the property will be paid before they become delinqueni.
<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• 1 own the property free and clear of any other mortgages or encumbrances EXCEPT �l� �i��$Pl�
<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 withoui 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,ihen 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.448-28
<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 conceming 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,the�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 ihe 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 Borrower(for Oklahome property►: A power of sale has been granted in this Mortgage. A power of sale may allow the Mortgage to take the
<br /> mo age prope an se � w ou going o cou in a orec osure a ion upon e y orrower un r is o gage.
<br /> 03/01/99 JAI� A SIQi III �
<br /> Today's Date Borrower s Typed Name B we s�ig ature
<br /> VIt�E L SIQi
<br /> Borrowers Typed Name � Borro ers Signature
<br /> 4227 ARI7� AVE C��2AI�ID ISI�AI�ID, NE 688
<br /> Borrowers Address
<br /> STATE OF I��pj.Q� )
<br /> COUNTY OF HAT T• j ss.
<br /> On this �T day of �� , 19 99 ,before me,a notary public in and for said county, personally came
<br /> JAL�S A SICfi III azxi VIQ�E L SIQi 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.
<br /> WITNESS my hand ' ���ii�r�iw itten above. � �yf � � �
<br /> My commission expires: 6E!IEMI NOTARY-SW!01 NlDfOSki �'�'Q, 9// (,���-C`�-/Gc��.
<br /> NE-IN-WY-IL-S _ :��t8��� Notary Public"s Signature DN-1077 (07/97)
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