|
e.� �7 (� (� e��
<br /> ar�." C f=Y1 (D/1 � C� (1's
<br /> o = D p � �o � n �i
<br /> � \ � n cn � ���• �= ' - � , �!"�► r�Y
<br /> -r- v� rn c-�- W
<br /> �
<br /> � � " "��: • ' � a
<br /> � o � °' _n =:; � �
<br /> 4 , �p' c, � �'' °�
<br /> Q�� rn �'`, ,-, > mrn ;� �
<br /> t'� � o = r- "a � N.
<br /> � ,., � _
<br /> ��
<br /> � �
<br /> � � � �
<br /> '`� � tfl rn
<br /> � � �
<br /> Z
<br /> 0
<br /> 99 106'76 � �
<br /> Commercial Federal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101_Branch phone number �
<br /> --------------------------------------------------- ---- - ------------ C�
<br /> Space above this line for recording data. �n �� ��$$��
<br /> � Commercial MORTGAGE - Collateral
<br /> � Federal Bank
<br /> Real Estate Mortgage
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> ConsumerLoan 40,536.50 06/30/05 9.250
<br /> i, STEVE W�GF�iST and SARAI� WDGE�.ST
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"�,whose address is P.�. � 11�3,
<br /> ��� NE 68101 a mortgage,with power of sale,of the following property togeiher with all improvements now or
<br /> hereafter erected on the property,and all easements,rights and appurtenances thereto:
<br /> I�OT 31 (R�TY-C�) . WEaZ� PARK 21�ID (S�30Cd�ID)
<br /> S[7BDIVISICd�T, C�.2�iI�ID ISZ�AI�ID, HAId� QO[)Nl.'Y, 1�12A.S�.
<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$ 40,536.50 ,with interest at the initial rate of 9.250 %
<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 /> 8• I own the property free and clear of any other mortgages or encumbrances EXCEPT �AT F'ID�� $Pj'�
<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 /> F�cceptions 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�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 Federel 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 jfor Oklahoma property): A power of sele haa been granted in this Mortgage. A powar of aele may allow the Mortgage to take the
<br /> mo age prope an se i w� ou going o cou m a orec osure ac ion upon e au y orrower un er is o gage.
<br /> 07�01/99 STEVE W�,ST
<br /> Today's Date Borrower s Typed Name Borro r s Sign tur
<br /> .SARPIH W�GE�S'T
<br /> Borrower s Typed Name orrower's Signature
<br /> 4108 Lg2IF'l.T�C� D�IVE C,a2AI�ID ISZ�ADID, NE 68803
<br /> Borrowers Address
<br /> STATE OF �PI.SKA )
<br /> COUNTY OF �� � ss.
<br /> On this �T day of �+Y , 19 99 ,before me,a notary public in and for said county, personally came
<br /> �'�.�'• w�T aI]� "�� �� . 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 /> NE-IN-WY-IL-SD-MI-AZ-MN-IA 8 6E�RAL NOTARySq�t Of Pub c Signatu DN-1077 (07/97)
<br /> �.�.����. ......._-�--
<br />
|