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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 �� ry����� ,..a
<br /> � Commercial MORTGAGE - Collateral v
<br /> � Federal Bank
<br /> Real Estate Mortgage
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> ConsumerLoan 11,888.16 05/03/04 7.250
<br /> i, C1�,RL L W170�S ar�d GAYLE L Wl�CDS ,
<br /> hereby give Commercial Federal Bank,a Federai Savings Bank('Commercial Federal"),whose address is P.�. BOX 1103,
<br /> Q��l� �' 68101 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 �Tn�O (2) , B�0C3t EIC��i'Y-SE.'VEN (87) . V�IIt
<br /> AI�ID 13�'r'S FC7QRTH AD�ITIOI�T TO T!� QTY OF
<br /> C�iAi�ID ISI�ADID, HALL QOON!'Y, �.
<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$ 11�888.16 ,with interest at the initial rate of 7.250 %
<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 /> g• I own the property free and clear of any other mortgages or encumbrances EXCEPT �.ST I''ID�� ��
<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 rnaximum 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.448-26
<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 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 age propa a w � wr� going cu rn n ora a an an upea e y rrower un er s o age.
<br /> 04/21/99 CARL L WI�CDS G�'�--('�-G�/G
<br /> Today"s Date Borrower's Typed Name Borr r's Sig ature
<br /> GAYLE L WI�ODS ����
<br /> Borrowers Typed Name Borrower's ignature
<br /> 203 WEST 17TH STFtF�T C�2Ai�ID ISI,AI�ID, NE 68801
<br /> Borrowers Address
<br /> STATE OF I�RA.SI�i )
<br /> COUNTY OF �j� � ss.
<br /> On this 2�T day of �+ , 19 99 ,before me,a notary public in and for said county, personally came
<br /> �� L � aI]� "�� L � . 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 exe ' n thereof to F�,e t i
<br /> voluntary act and deed.
<br /> WITNESS my hand and notarial seal the day and year last written above. 1
<br /> My commission expires: �j��.��� publ' 's ignature
<br /> NE-IN-WY-IL-SD-MI-AZ-MN-IA JENNIFER L SCHWINOT DN-1077 (07/97)
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