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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. �� �a���9 �
<br /> � Commercial MORTGAGE - Collateral �
<br /> � Federal Bank
<br /> Real Estate Mortgage
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> Consumer Loan 19,097.00 06/03/04 7.250
<br /> ,, I�tTIS HC7FIDII�i ar�d svzP,rIl� BC7fnIDII�r ,
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is P.�. � 1103.
<br /> ��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 /> IAT IIQiT�i (18) , POTASH S[�tDIVISIaI�T �D Tf�
<br /> CITY OF (32A1�ID ISI,ADID, HALL C�dIJNPY, 1�i2P�E�,.
<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$ 19�097.00 ,with interest at the initial rate of 7.250 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• AII 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 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. AII 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 �� '�' �� �i�
<br /> �• No other mortgage or lien on the property will ever be allowed to be in default or be forec!osed.
<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 attomey 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 Federel 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 Borcower(for Oklahoma property): A power of sale has been granted in this Mortgage. A power of sale may ellow the Mortgage to take the
<br /> mo ag prope an se i wi o go�ng cou m a orec osure ac on upon e au y rrower un er is o gage.
<br /> 06/03/99 KII2'F13 BOHIDE�T
<br /> Today's Date Borrower s Typed Name orr wer s Signature
<br /> Borro~�wer s Type,d�Na�me� orrower�Sig�ure �,
<br /> 4026 RC71H 1K�D C32A1�ID ISI,AI�ID, NE 68803
<br /> Borrower s Address
<br /> STATE OF �PI.Q� )
<br /> COUNTY OF �� � ss.
<br /> On this 3� day of � , 19 99 ,before me,a notary p�blic in and for said county, personally came
<br /> �IS � �� ��'� �� to me known to be the identical person or persons whose
<br /> name is or are a�xed to the above mortgage,and they,he/she/they severally acknowledged the said instrument and t e execution there f 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 /> NE-IN-WY-IL-SD-MI-AZ-MN-IA MUTARY-St�b 01 M�bt public's a ure
<br /> _ JENNIFER L eCH�VIND DN-1077 (07/97)
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