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<br /> Commercial Federal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch phone number �„^
<br /> ------ ---- - -----------��
<br /> Space above this line for recording data. �n �� ry����
<br /> � Commercial MORTGAGE - Collateral
<br /> � Federal Bank Real Estate Mortgage
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> ConsumerLoan 28,037.00 11/01/00 7.750
<br /> i, Q�iRLES DEWITT and KRISTI DF�n1ITT ,
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is P.�. � 11�3,
<br /> Q��l� �' 681'�l' 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 31, Wl'�LF� SI�IVI3IC�T, IN Tf� QTY OF C�2Al�ID ISZAI�ID, H�,I�I,
<br /> �Tl'Y, I�P�.
<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$ 28�037.00 ,with interest at the initial rate of 7.750 %
<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 othe�debt secured by this Mortgage will be paid when due.
<br /> 2. An insurance policy for f�re and exte�ded coverage will be kept in force on the property in an amount»t 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 ��+ F��� ��
<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 19.0096 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 attomey 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 /> Borcower waives all right of homestead exemption in the properly and future waives all rights of redemption,exemption,distributive share and dow�er.
<br /> Notice to Borrower(for Oklahoma property): A power of sale has been granted in this Mortgege. A power of sale may ellow the Mortgage to take the
<br /> mo gage prope en se i wi ou gomg o cou in a orec osure ac ion upon e au y orrower un er �s o gage.
<br /> 06/01/99 Q�iRI�E'S DEWI7.T ��Li�-Y� �G4��
<br /> Today's Date Borrower s Typed Name Borrower s Signature�p /�,� � � �
<br /> IQ2.ZSTI DEi�Tl'I'P �r(.(�-� O` 1�.�/�
<br /> Borrower s Typed Name Borrower s Signature
<br /> 514 I�Y PZ�A� Q2ATID I3I�A1�ID, 1� 68803
<br /> Borrower s Address
<br /> STATE OF I�R� )
<br /> ) ss.
<br /> COUNTY OF HAI�T� )
<br /> On this �T day of � , 19 99 ,before me,a notary public in and for said county, personally came
<br /> � D�1TT 3I]C� �ZS� D�1�.'1' . 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 and notarial seal the day and year last written above. �
<br /> My commission expires:
<br /> �6EMERAI NOTARY•SWt lic's ' nature
<br /> NE-IN-WY-IL-SD-MI-AZ-MN-IA DN-1077 (07/97)
<br /> ��JENNIFER L OT
<br /> u,r.,..e., e._ �----• ----
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