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<br /> <br />83--003339 <br /> <br />MORTGAGE <br /> <br />COMMERCIAL FEDERAL <br />the following property: <br />being a part of the }~t Half <br />(28) Township Eleven (11) North <br /> <br /> <br />one person signs this mortgage, the word "I" means "we". <br /> <br />mortgage secures a loan made by Commercial. A note dated the same. date as <br />mortgage cClntains the terms for repayment of that loan. If that note is ever changed <br />or reptacedby a, new note, it will stiff be secured by this mortgage. <br /> <br />I Promise the following things; <br /> <br />1. <br /> <br />All payments on any note or other debt secured by this mortg.age will be paid <br />when due. <br />An insiurance pol for fire and extended coverage will be kept in force on the <br />property in an amount at teast equal to the debts secured by this mortgage. plus <br />any o1ther mortgages listed in paragt'aph 6. The insurance company must be <br />satisfactory to CommercIal. and Commerciai will be a named insured on the <br />plolicy. <br />All tal<es ana assessments on the property wiH be paid before they become <br />dlelinquent. <br />No w.nte will be commItted on the property, and It will be kept in gooa repair, <br />fhle property will not be said (including by land contract), leased, and no <br />il'1Iterest in It wdl be assigned in M1Y way. <br />i ,)W11 the property free and clear of anv other mortgages or encumbrances <br />el(Cept: 'is! 'iort~:::l.!:c""Ii<.'i'(' /,\.(j,'ral ~";aVlm~'..; :~~ limn <br />Nlo other mortgage or Hen on the properly will ever be allowed to be in default <br />01' be ~loreCiosed, <br /> <br />2. <br /> <br />3. <br /> <br />4. <br />5. <br /> <br />6. <br /> <br />if alW ,of the$1l! promIses in'le not '(ePt, then Commer'ctal can declare ail of the debt <br />Immediately due and payable WIthout advance notice. The interest rate wiHincrease to <br />19. or .my )~reater rate allowable by law at that time, ,and lhis rnortgage can be <br />for.(;105e.o f Ur,e debt s aCCeh!!I'<ilted, then i "Iso assign dny rent or other income from <br />the propel't~r to CommerCl<;j. <br /> <br />Cert'ilH1i amounts can be paid bV Commercial and "dded to the debt secured bV this <br />mOI'tgage,. The)." arl~ any taxes Qr nsurance have agreed to pay but fail to, any <br />anONle)! !!t!!l1l!S or court '\\!xpenses Cemmel'clal paY's f it IS made a party to any legal action <br />brought by someone else concer'nmg the property. and any attorney ('ees 01' court <br />expenses which !the 'aw might allow If C',mmerClal 11dS to go to court agalllst me to collect <br />the debt or' foreiCloSI! thiS mortga~de. It any of these U1l/1gS happen, then the additional <br />debt will a,ccrue ,nterest at the same r';;ite as the ('est of the debt and must be paid <br />Immediately. <br /> <br />tf this property is ever condemned ul1der the power of eminent domain or any similal' <br />method of takin~~ property for publlc use, any proceeds of the taking will be paid to <br />Commercial up to the full amount of the de~t <br /> <br /> <br />