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<br /> Commercial Federal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch hone number ___ __�'SQ
<br /> p
<br /> ---- --
<br /> ------------ - 83107�
<br /> ------- Loan �;-
<br /> -------
<br /> -----------------------
<br /> -- Space above this line for recording ata.
<br /> Commercial MORTGAGE - Collateral
<br /> � Federal Bank Real Estate Mortgage
<br /> �
<br /> Loan Amount Maturity Date Initial Interest Rate
<br /> Nature of Indebtedness 05/25/09 9.000
<br /> Consumer Loan 20,015.50
<br /> �. �� J STEFF�S and KATHRYN M STEFF�S �
<br /> p O. BOX 1103
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is_.
<br /> �]�l, NE 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 /> P,DDI� TO)THE C�ITY O�F C�AI�ID I42SI,AI�ID�HALL �OOUNTY� ,�`�'�'.
<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 bX: ,With interest at the initial rete of 9 ��0 °�
<br /> A note dated the same date as this Mortgage in the amount of$ Zu 0�� �'JD
<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 /> 4 promfse the followfng things:
<br /> 1. All payments on any note or other debt secured by this Mortgage will 6e 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. 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 /> 6. I own the property free and clear of any other mortgages or encumbrances EXCEPT �jT�'
<br /> 7. No other mortgage or lien on the property will ever be allowed to be in default or 6e 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 rat licalble law. If he debt��accelerated rthenhl alsoXa s gn any reln�or oltheY in ome from he p�ropehty to
<br /> mortgage can be foreclosed in accordance with app
<br /> Commercial Federal. THE PARTIES AGREE THAT THIS CONSTITUTES A COLLATERAL REAL ESTATE MOR TGAGE 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 authorizinc�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 ac�reed 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,distributfve share and dower.
<br /> Notice to Borrower(for Okiahoma property►: A power of sale has 6een granted in this Mortgage. A power of sale may allow the Mortgage to take the
<br /> mo gage prope an se � wi ou go�ng o cou in a orec osure ac �on upon e a y orrower un er is o gage.
<br /> �/ �?,
<br /> 05/20/99 JOHIJ J STEF'F'E�S ' '
<br /> Today"s Date Borrower"s Typed Name r r"s Si t re
<br /> / ,�
<br /> KATHI2YN M STEFF'ES
<br /> Borrower"s Typed Name B r wer"s fgnat re
<br /> 223 W 12TH GRP,1�ID ISI�I�ID. NE 68801
<br /> Borrower"s Address
<br /> STATE OF 1�R� )
<br /> ) ss.
<br /> COUNTY OF HAL�L )
<br /> On this 20� day of �Y , 19 99 ,before me,a notary public in and for said county, personally came
<br /> JC�IN J STEF'F�S and Kp.Tf�2YN M STEF'FF� to me kriown 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 e ;ution thereof t be their
<br /> voluntary act and deed. �
<br /> WITNESS my hand and notarial seal the day d year last written above. ,__ _u s � �- � / � �._
<br /> My commission expfres: � IOOTANI���1 Nt�'.':.� { �t C��( t - � � �
<br /> -- �1{FER L 8CH'.".''^,;,i ary PuHlic Signatur
<br /> NE- IN-WY- IL-SD- MI -AZ- MN -I ,� � DN-1077 (07/97)
<br /> t'^�m.Exo.�t.: :� �
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