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<br /> P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch phone number
<br /> ------------------------------------------------------------------- ---- -- ---------�
<br /> Space above this line for recording data. �n �� 2���3�
<br /> � Commercial MORTGAGE - Collateral �
<br /> � Federal Bank R � �
<br /> ea state Mortgage
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> ConsumerLoan 30,036.50 08/25/04 7.750
<br /> i, S'i�VII�T G WII.90�T and JCaAN M WII.SO�T ,
<br /> hereby give Commercial Federal Bank,a Federai Savings Bank("Commercial Federal"),whose address is P.�. �X 1.103,
<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 /> r�o�rs srx (6) p,t� s�v� (�) , sr�oc� a� (i) , �a sv��sza�,
<br /> VILI�AGE OF CAII�J, ��,LI, 00[JNPY, 1�RP,SI�,.
<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$ 30,036.50 ,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 mortflagas 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 /> g. I own the property free and clear of any other mortgages or encumbrances EXCEPT � �'�AT. �j�,
<br /> 7• No other mortgage or lien on ihe property will ever be allowed to be in defauit 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 aliowable 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.448-26
<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 /> 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 Oklehoma property): A power of sale haa been granted in thia Mortgage. A power of sale may ellow the Mortgags to take the
<br /> mo ege prope an se i wi ou going o cou in a orec osure ec ion upon e au y orrower un er �s o gage.
<br /> �—
<br /> 08/13/99 STEVEN G WIL9C�T
<br /> Today's Date Borrower's Typed Name Borro r's gnature
<br /> JC�N M WII►9CflJ �7��f9 ��"_ �� / �-�`�
<br /> Borrowers Typed Name Borrower"s� 'gnature
<br /> 608 F3GYP'P ST. CAII2(J, NE 68824
<br /> Borrower s Address
<br /> STATE OF �SI� )
<br /> ) ss.
<br /> COUNTY OF HAI�r� )
<br /> On this 13� day of �T , 19 99 ,before me,a notary public in and for said county, personally came
<br /> S�� G ��a� aIY� �N M �Ta� . 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. GENERAL NOTAAY-St2►E 01 MEDf85II8 j j j�jj�j
<br /> My commission expires: HUOA ��Mu"
<br /> NE-IN-WY-IL-SD-MI-AZ-MN-IA Notary � a(�pmm.Exp.Aug.10,200� D -1077 (07/97)
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