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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 /> �oan-�,--735'��5�------------�
<br /> Space above this line for recording data. •
<br /> � Commercial MORTGAGE - Collateral �
<br /> � Federal Bank Real Estate Mortgage
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> ConsumerLoan 12,957.00 04/15/04 7.500
<br /> i. I�TT OSTRA1�IDIIt and �A 06'!'RA1�IDII2 ,
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is p.0. �X 11�3,
<br /> Q�l�� �' 681�1 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 /> LOT � (2) P'OTASH S[JBDIVISI�T, HALL UOLINPY
<br /> C�2P,1�ID ISI�AI�ID, 1�Rpi.�
<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 b :
<br /> A note dated the same date as this Mortgage in the amount of$ 1�,957.00 ,with interest at the initial rate of 7.500 96
<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 /> Z• 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 �'•R�'-TAT. Ii'ID�ij� $A'�
<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.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 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 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 gage prope an se i w� ou going o cou m a orec osure ac ion upon e au orro un e is o gage.
<br /> 04/17/99 N�,ZT 06TRADIDER � �
<br /> Today's Date Borrower s Typed Name Borro n re
<br /> GG�IA OSTRA�IDIIt
<br /> Borrowers Typed Name or rs Signatur
<br /> 107 BFA�� GL2�ID IS7�ADID, NE 68803
<br /> Borrowers Address
<br /> STATE OF � )
<br /> COUNTY OF �� � ss.
<br /> On this 17� day of �L , 19 99 ,before me,a notary public in and for said county, personally came
<br /> �TT �� a� �� ��� to me known to be the identical person or persons ose
<br /> name is or are affixed to the above mortgage,and they,he/she/they severally acknowledged the said instrument and the exec ion thereof to be ir
<br /> voluntary act and deed. �
<br /> WITNESS my hand and notarial seal the day and year last written above. �,Q
<br /> �-�
<br /> My commission expires: U
<br /> NE-IN-WY-IL-SD-MI-AZ-MN-IA �GENERAI NOTARrtiSf7Et N bli s i9natur DN-1077 (07/97)
<br /> _ICAIAIICC�1 Mu��n►�n�
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