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<br /> 99 � 10736� �� �
<br /> _ Commercial Federal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch phone number �''
<br /> --------------------------------P------------------9---------�oan ��__3��'�5��------------�
<br /> S ace above this line for recordin data. 6'
<br /> � Commercial MORTGAGE - Collateral
<br /> � Federal Bank Real Estate Mortgage
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> ConsumerLoan 10,197.82 07/11/04 7.750
<br /> i, IaAF,VID L GEE ar�d DF� G�:E ,
<br /> hereby give Commercial Federel Bank,a Federal Savings Bank('Commercial Federal'),whose address is p.�. � 11.03,
<br /> Q��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 /> LOT Zin1ELVE (12) , BISE�P I�LLC�i'!.5 S�IVISIQL�T,
<br /> QTY OF Ca2At�ID ISI�ID, FIIs,LL C70i[)NTY, �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$ 10,197.82 ,with interest at the initial rate of 7.750 %
<br /> per annum,contains the terms for repayme�t 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 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 /> 8. I own the property free and clear of any other mortgages or encumbrances EXCEPT �''�5�.' �'
<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 wil)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 conceming 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 ihesa 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 has been granted in this Mortgage. A power of sale may allow the Mortgege to teke the
<br /> mo eg property an seJ'rt wrtho going cou m a orec oaure ac on upon e au y orrower un er is o age.
<br /> 07/08/99 LIAVID L � �.,� p�.� �. �,
<br /> Today's Date Borrower's Typed Name Borrowers Signature �/
<br /> DEAI�II� G�E ��-�--yl Y�°�-� 6- � ��
<br /> Borrower's Typed Name Borrowers Signature `�
<br /> 4301 STRATFC�2D PZ� Gii�ID ISI�AI�ID, NE 68803
<br /> Borrowers Address
<br /> STATE OF �ASE�j )
<br /> ; ss.
<br /> COUNTY OF HAI�T�
<br /> On this 8� day of ��Y , 19 99 ,before me,a notary public in and for said county, personally came
<br /> �ivID L ��', aI]� D�l� �'+ 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 ex ion thereof to be their
<br /> voluntary act and deed.
<br /> WITNESS my hand and not rial I���.������ ove. �
<br /> My commission expires: ���
<br /> NE-IN-WY-IL-SD-MI mm.Exp.Oec.6,2000 lic's Signature
<br /> DN-1077 (07/97)
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