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<br /> 99 1�476�4"
<br /> Commercial Federal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch phone number '�'
<br /> Space above this line for recording data. _�l �': 33��3�
<br /> ------------- �
<br /> � C���'� - IVtBF�-T�AGE - Cvlla�eral
<br /> � Federal Bank Real Estate Mortgage
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> ConsumerLoan 7,036.50 OS/01/04 7.750
<br /> i, BARRY SC��OC�Il�,IIIt and mr.r� J SC��iIII2 ,
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank('Commercial Federal'),whose address is P.�. � 11�3,
<br /> Q��� �' 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 /> EAST Z�TY FEEP (E30') OF IiOT ZinTII�Y-TWI� (22)
<br /> AI�ID Tf� WEST FIFTY-FCX7R FE�P (W54') OF 7AT �Tn1F�!'Y-Z�F�E
<br /> (23) . SIACTt �n10 (2) , PAFiFi,FII� S[�IVISICN, AN AD�ITIC�i �
<br /> THE QTY OF C�i�i�ID ISI�AI�ID. HALL �0[JNTY. 1�RA.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$ 7,036.50 ,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 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 paregraph 8 beiow.The insurance company mnst be satisfactory to Comme�ial 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 /> 6. I own the property free and clear of any other mortgages or encumbrances EXCEPT Q''B
<br /> 7• No other mortgage or lien on the property will ever 6e 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 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 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 /> Borrovwer waive�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 Oklahome property): A power of sale haa baen granted in this Mortgnge. A power of sale may allow the Mortgage to take the
<br /> mo age prope an se w o going o cou m s orec osure ac on upon e au y orrower un r is o gage.
<br /> n
<br /> 07/17/99 BARRY SQ�OQ�IER
<br /> Today's Date Borrower s Typed Name Borrower s gna ure
<br /> !
<br /> C'C)T T F!FTT �7 $��(�j=�
<br /> , Borrower s Typed Name Borro r s ignatur
<br /> 2424 WFST �,1�Il� STREE.T Q2ADID ISI�AI�ID, NE 688035827
<br /> Borrower s Address
<br /> STATE OF I�iRP1SKA )
<br /> ) ss.
<br /> COUNTY OF F�AW� )
<br /> On this 17� day of ��Y , 19 99 ,before me,a notary public in and for said county, personally came
<br /> $�Y c'iTY.� ���m1 J �'�i1� to me known to be the identical erson 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 exec tio thereof to be th �
<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 6ENEML NpTi{A11•,�fi� ' Signature 1 DN-1077 (07/97)
<br /> �JENNIFEq�.�T
<br /> <�•�.�
<br /> ' p r_ My Camm.Exp.8�ot 24_t�oo
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