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<br /> � �-••_-� ------------------------------------------------------- 555953
<br /> � Space above thieliiotor recording datn. �n �� �
<br /> � CornmerclAl MORTGAGE - Collateral � _
<br /> � FederAl Sank Real Estate Mortgage �� _
<br /> Initial Intereat Rate
<br /> � Nature of Indebtedneu I.00�Amount Maturity OMe
<br /> ConsumerLoan 16,755.30 �'9��
<br /> ' � i. RIC��RD A bAtZ3F1EiD a� MARY E I�P�t�E'�a , ..
<br /> hercby piva Commorofal Faderal Bank,n Fodornl Savinfla Bnnk(•Commorcial Faderal') a mortgage,with pownr of aale,ot the tollowing proporry togathar with
<br /> „ �� ell imp�ovementa now or herenftereracted on tho properry,and nll oasomante,riqhta and oppurtonancea theroto:
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<br /> ' • If moro than one person signs�hia Mortgage,the word'I'meana'we.'
<br /> Thia Mortgape secures a loan m+da hy Commercial Fedoral,as briefly doscribad a6ovo.A note dated the aame date as thla Mortgege containa the terma tor
<br /> � . repayment of that loan.If thet noteie ever chnngod ar replaced by e new note,it wilt be aocured by this Mortpape.
<br />- I promfae the following thinga:
<br />_d' ,
<br /> . . �,, t. All paymanta on any notea other debt secured by this Mortgepe v�All b9 paid when due.
<br /> ' ••'+• 2. M insurence policytor fire end extanded coverago will be kept in force on tho property in an amount at least equal to tha debta aeoured by this
<br /> . Mortpape plus any other mortyepos liated in pareyreph 9 below.Tho inaurence company must be eatietactory to Commercial Fedoral,end
<br /> _, • Commerciai Federai will be a nam[�d insured on the policy.
<br /> ' ;' 3. AII u+xos and eaaeaamente on the property will ba peid beforo they bxome deiinquent.
<br /> `=��,.,,,.,p«k 4. No wa�te wfll 6e committed on tha property,ond it wiil be kept in pood repair. �
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<br />-•- '�'� `���-�'� � 6. The roperty will not bcs add (including by land contrect),leased,end no interost in it wili be asaignad in any way.
<br />"-- e...,,.,d,;,` p FII28'P �CE Ml�C:/C111F3t[�1I�D
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<br /> --•••.r�.;,,• 8. I uwn the property Irea and ctoar of any other mortgagea u encumbreneea EXCEPT
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<br />'`'r . „�' '� . 7• Nu other mortgage or I ien on the property will ever be allowed to 6e fn dofault or be toraclosed.
<br />�_=-�'��`�� ` !t eny of these promiu�erewt kept,then Commerciai Federal can dcelaro oil of the dobt immediately due and payable without adwnce notics.Yhe -
<br /> -'" ��''��'' Interoat rete will incroae�to 19.0096 or nny groater rete eilowable by law et thet time,and this mortgege con bo foroctoaed in accordancewith eppliable law.If
<br /> ` ;;�^;�.",�.'���� the de6t ia�cceteratsd,then I alw easipn any ront or other income irom the proporly to Commercial Fedarat.THE PAF�TIE&AGREE THAT TFiIS CONSTITIlTES _.
<br /> ��� -""�'�'�''' A COLIATERAL REAL ESTATE MOflTGAGE PURSUANT TO SO.DAKOTA C.L 44-B-ZB (FOR SO.OAKOTA RESIDENTS ONLI�. in tha event of�ny detauit in the
<br />-_,,�' m�king of any payment o�in kaepin0 any covenent hc�rein,this Mongape may bo foreclosed by action,or by advortisement es providad by atatute or the rules ___
<br />' ' ' ot prectice rolating theroto,nnd�is paregroph aheil be doomed e�euthoriring and conatitutinfl a power o}salo es mentioned in eafd stetute or rulea end any
<br /> -- • �:o•' amendment theroto,and m�y reuin aututory coste and ettaney feo�(SD,WY,MN.OK,and MI rosidents only), _
<br />� Certnin emounte can 6e peid by Commercial Fedorei end edded to the dobt secured by this Mortgepe.They ero any texea or inauronee I heve eyreed to =
<br /> ; pay but tail to,eny ettomey teaaa cauc axpanaoe(:ortnTercisl Federel paya if it ie made a party at any legal eotfon broupht by aomeone oiae conceminp the c` _
<br /> properry,and any ettomayfeos a court oxpensea which the law mipht ellow if Commercial Federxl fiea to go to court againet me to collect the debt or ___
<br />- � " �, fwecloee thia mortpege. If eny dthese thinge happen,then tho additionel dobt Will cecrue interest et the same rete es the rest of tho debt and muat be pei� `�_�� -
<br /> Immediately.
<br /> � If thla properry ia ever condemned under the power ot emtnent domafn or eny similar method of taking proporry tor pubiic use,any proceeda oi the taking �;;,s--=-„g;,��_-_
<br /> will bo pafd to Commorcial Feder+�up ro the full amount of the debt secured. '"'��:-_°--
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<br /> - Notic�Lo Bortow�r(for Okiahom�Prop�rtYl•• A pow�r of�d�hn hNn pr�nt�d in thh Mortp�0� A�row�r of��t�ma�dlow the Mortp�p�to tak�th� ; =.
<br /> ! mo �y_pro �n t� w o eo ny o cou�iTOrybiosun�ouon upon a�Tawi oy oarrov..r.,���r u`�e:r..d�r�. �';,,�-�' -
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<br /> - -- Te,�nda Dato �RY 13. 1997 Borrdwer s Signeturo RTC��� A
<br /> __ _ ` .�.� . ----- - -_ .-
<br /> Gm
<br /> Borrowere 5 naturo
<br /> • STATE OF I�� �
<br /> � se. �
<br /> COUMV OF HAI�L 1
<br /> On thia 13� doyol � . 19 9.�.6ntoro me,o notary public in and for said canty,poraoneily came
<br /> ��� jl� ��8*� �x E ��� - to mo known to bo tho idontical person or poreons whose
<br /> �amo iE or ero otiixod to tho ot�aro rnwtgaBo,and thoy.ho or eho aoverelly acknovNodpad tho eafd instrumont nnd tho oxxution thareol to bo thoir voluntary
<br /> act nnd dood. ��
<br /> _ WITNESS myhand und n a I nl (�t(� n o6ovo. �l� � / 'j� .-�jj� J , ,
<br /> My comrtiiaaien oxpiros: 1 ',J,(LTANY•St�tR ��-":zSl1 �111 �'f/,!"/ � .�� — .
<br /> ' CONS7ANCE K $IOAN Notary Pubhc's Sipnature
<br /> � NE-IN-WY-IL-SD. �IOoatAExp.Jan.?�.1n19 DN•1077 (10/96) `.
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