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<br /> . ________ _____________________ :
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<br /> ' -'-- ------°-- S ece�dovsthi�linsforrocordin dat�. �A �I 537519 "
<br /> � Co�nmeralal IiAORTGAGE — Collateral � -' -
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<br /> � Fsderal BA�k 9'— 10�473 ReaO Estate Mortgage �� ;�-�-
<br /> � �
<br /> Nature of Indebtednass Loan Amount Maturity Date Initial Intereat Rate
<br /> . Consumer Lonn 1?,fi02.93 �•�� f
<br /> � i, � J ffitIQ�R 8nd 82�t�ID�iA K ffitlQ�i
<br /> horohy pive Commorcial Fadorol Bank,a Foderal Snvinpa Bank(`Commercial Fedorai') e mortpape,with power of aate,of the followinp properry topethor with
<br /> ' all improvements now or horoaftor eroctad on tho property,ond all oaaomente,riphta and appurtanances Ihereto:
<br /> • �.� Lo►r 2� �(2]_� �.�ocx��)� �m2�:s snoo�m
<br /> gt�iVIS crr, I�IIlLL � iNi�,
<br /> ��
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<br /> If more than one poraon aignn thia Mortgape,the word 'I'moana'we.'
<br />_. . �� Thia Mortaapo socuras a loan mado by Commerciai Fedarei,as brie(ly described etrove.A note deted tha eame date ea thia Mortgage contnlns the tertns for
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<br /> � repayment of that loan.Ii that note is evor chanpod or ropixed by e new note,it will be�secured by thia Mortpage.
<br />-� . ,,
<br /> I promiae the tollowinp things:
<br />_ . 1. All paymenta on any note or othor debt securad by thia Mortgege will be peid when due.
<br /> �}i•H . 2. M inaumnce policyfor fro and oxtended coveragewill be kept in force on tha proparty in an amount et leaat aqud to tho dabta securod by thi� _
<br />�,-J�� ' "�� CM,omrne�raial1 Federol willrbe e namad insured on�the policy.e1ow The inaurance compeny muat he eatiefaotory to Commercial Federel,and
<br /> J-` . '' �'�,� 3. All texen and auesaments on the property wfll be peid beforo thesy become delinquent
<br />_J���.;�.;: :.
<br />—�_-_�-`'•^�,'-"�`'" 4. No wasta wfil be oommitted on the property,snd itwill bs kept in good ropair.
<br /> _-::'r.;.�•l__•:
<br />� ' 6. The property will not be sold (inciudinp by land contrect),laased,and no intorest in it will be essipned in eny way.
<br />_^..f.�_.���,....�;,Y; ��
<br /> -_Y�,-l;`-=��,r,°" 9. I own tho proporty troe end clonr of any other murtpagea or encumbrancea EXCEFT
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<br /> .�ti _, 7. No othor mortpupn or lion on tho propeny uuill aver be ellowed to 6e in default ar be toreclosed. -
<br /> _-r...��...--,-.-..�� � -
<br /> R.y'"'"°"� `' Ii eny of thoso promiaes are not kept,then Comme►ciol Foderal cen daclere all of the debt immedietely dua and payabte without ndvance notits.The
<br /> Intere�t rate wfll incroasa to 78.0096 or any preater rate elbwable by lew at that time,end thia mortgege cen be foreclosed in accordanco with�pplicahle I�w.l}
<br /> �+;�:�:'��'. the debt la aceelemted,then I elso easign eny rent or other income from the property to Commercfal Fedx�l. THE PARTIES A(3REE THAT THIS CONS7ITUTES __
<br /> - '�•��}'•'^ A COLLATERAL REAL ESTATE MQRTGAGE PURSUANT TO SO.DAKOTA C.L 4b8-26(FOR SO.DAKOTA RESIDENTS ONUn. In the evant of any d�fault in ths
<br />�_�°!•, makinp of nny payment or in keeping any eovonant horoin,lhis Mortgape mey be for�eeiosed by antion,or by sdvertiaament es provided by atatute or ths rule� _
<br /> '- '�� of prectice relet�ng theroto,and thia parugroQh shall be deemed ea euthori�ng md conatitutind�power of sele ai mentioned In said atetute or rule�antl a�y
<br /> �. x,.:..:.. amendment thereto,end may rotain stetutory cosU end attomey feos(SO.YUY,MN,OK,end MI residents oniy).
<br /> ' ' ' Certefn emounte cen be peid 6y Commorciel Federel and added to the debt exured by thls Mortp�ge.They ere any taxos or insurance I heve ayreed to _
<br /> - pAy but feil to,any attomoy foea or coun oxponsea Commercinl Federel pays if it fa mede e party at any lepal eotion broupht by somaone elae conceminp the F
<br /> properry,end ony attomoy feea or court axpenaos which the lew mipht ellow it Commercial Federel hae to po to courtepainst me to collxt the debt a N,.__
<br /> foreclose thie mortpago.It any ot thoso thinpe heppon,then tho additlonal dobt will eccruo interest�t the eeme rete es the roat of the debt end muat be paid ��
<br /> �� Immediately. _"
<br /> R If thia proparry ia evor condamnod undor the powor d eminent domain or any eimiler mathod of teking property tor public uso,eny prceeeda of tho t�king �;__
<br /> will bo pafd to Commorciai Fadoral up tn tho fuli nmount�1 tho dobt securod. '. <^:
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<br /> � Notic�to Bortower(tor Okt�homa pro s 1: E► aws�of�al�ha�bNn nnt�d in this Mo � �.A w�r of aei�may dlow th�Mort �G�to tak�th� "
<br /> • �: mo �g� p�p� an e� i w� ou 8o ng o oou n� ona osuro�o on upon s�u y orrow�r un �r s o Qap�.
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<br /> ' Todayls Dato F'�f 14� 1997 eortowor s Signatura �7 � �,�
<br /> - --- - ,-
<br /> - :-:, - '
<br /> . . J � - �
<br /> � Borrowore Signaturo l
<br /> STATE OF I� �
<br /> , ) as.
<br /> COUNTY OF HAIaL 1
<br /> On this_�4TH__dny of � .18�,bafore me,e notary publie in and for naid county,peroonelly came
<br /> ��(�( J]�,'[�j aTI� �I�I?RI►, � �T,S� to me known to bo tho idontical pornon or paroons tivhoso
<br /> - nomo ia or nro offixod to tho obovo mortgnpo,ond thoy,ho or aho sovorolly ucknowlod0od tho enid instrumont nnd tho oxocution thorool to bo thofr voluntary
<br /> � act nnd dood.
<br /> � " WITNESS my hand nn WYrd�Mr ' n abova. / � ��J J
<br /> My commission oxpiroa: 6EMFAAI M�TAR��ih 01 Nf�fifki ����Q'1l�'� l�Q'�! _
<br /> . �,�$T�� Notery Public's Signeturo '�
<br /> _ ' " NE-IN-`�fVY-IL-SD . ��''�'24'�� DN•1077 (10/96)
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