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<br /> 99 _ 1072�89 � �� `° °
<br /> Commercial Federal Bank, P.O. Box 1 103,Cons.umer Loans, Omaha NE 68101.Branch phone number � !
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<br /> Space above this line for recording data. �n �� 3a$��� � I
<br /> � Commercial MORTGAGE - Collateral �
<br /> � Federal Bank
<br /> Real Estate Mortgage
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> ConsumerLoan 16,036.50 07/17/06 8.500
<br /> i, DAVID Tcr.TMF3r and I�it�1G'Y RI����C ,
<br /> R
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is P.O. � 11�3,
<br /> ��� T1C 68101 a mortgage,with power of sale,of the followin ro e t
<br /> g p p rty ogether with all improvements now or
<br /> hereafter erected on the property,and all easements,rights and appurtenances thereto:
<br /> LOT 18, BI0C3� 2, IMP'II?TA� ���� 1f'sE SUBDIVISI�T, QTY OF C�AI�ID
<br /> IS'T,?�1�ID. HALL QOUDI'!'Y, I�RP�.SE�,
<br /> If more than one person signs this Mortgage,the word"I'means"we.'
<br /> This Mortgage secures a loan made by Commercial Federal evidenced by:
<br /> A note dated the same date as this Mortgage in the amount of$ 16,036.50 ,with interest at the initial rate of 8.5�0 %
<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 paragreph 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 � ��L
<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 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 44&28
<br /> (FOR SO.DAKOTA RESIDENTS ONLY). In the event of any default i�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 haa been granted in this Mortgage. A power of sale may allow the Mortgage to take the
<br /> mo ag prope an se i wi ou going cou in a orec oaure a ion upon e a y orro er un r is o age.
<br /> 07/15/99 L1AVID KL«II�C C �
<br /> Today's Date Borrower s Typed Name rr wer's nature
<br /> �'� �a�Q�Qt '�
<br /> Borrower s Typed Name Borrower s ignature
<br /> 1423 1�7EtTH I�:7V�iitD PI,� C�tA1�ID ISLAPID, NE 68803
<br /> Borrower's Address
<br /> STATE OF � )
<br /> ) ss.
<br /> COUNTY OF HAT�L )
<br /> On this �� day of ��Y , 19 99 ,before me,a notary public in and for said county, personally came
<br /> �lv� �'T�� aI]� �� �+�Qt to me known to be the identical person oypersons whose
<br /> name is or are affixed to the above mortgage,and they,he/she/they severally acknowledged said instrument and the e ution thereof t e 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 Q ._.0 t � �i�fe DN-1077 (07/97)
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