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<br /> R � -�� S ace above thia line for rceording date. �tl ir 5662d5 °'�'"� ,,,T.R.
<br /> , Co�mme�clsl MORTGAGE - Collateral `�' or � ••��u�.��
<br /> y�.-..:-.;>.-�..
<br /> '� � Fed�ral BAnk � �.�l�y�•-
<br /> �i�al Estate IlAortgage \G � ;�.���
<br /> � • � �S�('�"ii�,:
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<br /> �P Maturi Oate Initial Interost Rete ��` '"
<br /> Natura of tndabtc�oa:a Loan Amount N e` ---
<br /> i} : a:
<br /> Coneumer Loan 6,000.00 �•990 'p�
<br /> � �, I�iN CXIOC� eAd aT!!t� �i . �i`--=-
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<br /> here by pive C o mmerc la l F e de n l B a n k.s F e d o r a l S a v i n p s B a n k('C o m m e r c i e l F e d e ro i•)a m o rt p a p e,w i t h p o w e r o f u e l e,o f t h e t o l l o w i n g pro pe r t y t o pether with a�a y:�-
<br /> - ail ImprovemenU now a harerfter ereated on the property,end all eaiements,riyhta and appurtensncss theroto:
<br /> LA►I"iii+II�3�1'Y R� 22) Y�D�FE'9 E3�MSIQ�i TD � CYTY OF ."-"`�.-`.
<br /> GRl� I9[,�lI�D. QO�PY� I�RPIt�i.
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<br />_ �• 1f moro than one porson sieni thle Monpage,theword'I'meana'we.`
<br /> - � Thia Mortpepo securo�s loui msda by Commercisl Federol,aa briefly described above.A note dated the same datm as this MortBepe eonUina ihe terma for
<br /> • '�• repeyment oi ihst loan.It that note is ever changed o�roplaced hy a new note,it will be seeured 6y thia Mortgape.
<br /> ,�t: '..:_.
<br />_ :-
<br /> ` I promise ths fdlowiny tMnpr.
<br /> " • •�.� 1. All psyments on eny noro a other de6t aecured by lhis Mortgape vufll be p�id wfisn due.
<br />�i,,;,�w,,,�'.,:: 2• M inauronce policy fa firo end extended coveroge wiii be kept in force on the property In en amount et least equal to the da6u aecurod by thia
<br />�ti Mortpapo plua any other m.artpapes listed in paregr�ph E below.The Inaurence company must be eatfefwtory to Commercfel Fsdsnl,and
<br /> �;;;" � `��', + Commsrcial Federal wfll be a named insured on the pdicy.
<br />�f,. _',-.�.: " —
<br />-��t�;' -r 3. Afl taxes�nd�uessments on the property wiil be peid before they become detinquent
<br /> _ea?:�% �"
<br />_a;,�t="�"�'�o��' 4. No wuto will be committed on tho properry,and it wiil 6o kept in flood repair.
<br />�,4�_•-=--`'!* '
<br />- "��"'`= 6. The property will not M sold �inciudinp by land contrect),leased,and nu interest in it will ba euipned in any wey.
<br />_��"��� F'IItST F�RIIL L71�]OO�i1
<br />_— ___ 8. t own the property free�nd ciear oi a�y other mortyages or encumbrancea EXCEPT
<br />�"`-�'�"-.v:� 7. No other mortpaye a lion on the property will ever be ellowed to be in default or be forectosed.
<br /> -�+�iae�"�
<br /> -_ - "='-�� If�ny ot the»promises�ro not kepL then Commerciel Fed�ral can declara ali ot the debt immxlieteiy due end payable wfthout ndvince notics.Th�
<br /> — - interost rate vufll Incre�»to 19.0096 or any preeter rate allowable by law at thet time,�nd this mortpape can be forecloeed in accordance with appIicabl�Iaw.H _.
<br /> _��n�� the debt Is accsientsd,then I�Iso ouign any re:�t or other income irom the pro�erty to Commercial Federal. THE PARTIES AGREE THAT THIS CONSTITIlTES _
<br />����;, A COUATERAL REAL ESTATE MORTGAGE PURSUA11ff TO SO.DAKOTA C.L 44&20(Fati SO.DAKOTA RESIDEfJTS ONL1�. In the event of eny dofeuit in th�
<br /> makinp of any paymont a in keepinp eny covenent horoin,ihis Mortgape may be foreclosed by eotion,or by edvertiaement ea provided by etatuto or the rulas
<br /> o}practice rel�tinp theroto,end this paregreph shall be deemad as euthori�np and conaitutinp e power ot eale as mentloned in eald statute or rules and�ny
<br /> �YTF*�K^.� amendmsnt thanto,and may rotein sututory cost�and enomey fooa(SD,WY,MN,OK,and MI rosfdents oniy). �___
<br />_�y�,...�.,� .
<br />_�..�., Certifn�mounu can bo pafd by Commercfai Federal end eddal to tfie debt�ecured by tfiia Mortgsgm.They ere eny tnxea w Ineurence I have preed to __-
<br /> -_ . pay but taSl to,eny ettomoy tees a court oxpenaei Commerefal Fedorct paye if it fs mede e parry at ony logel ection brought by someone olse conceminp the _ _
<br /> ' . • :, , property,end eny ettomey fee�or court expensea wfiich the law mipht ellow if Cwnmerciai Foderel hes to yo to court epetnat me to cdlect the debt or `" _ _
<br /> � forocloee this mortpopa If any of these thines happen,then tho addiuonal debi wfli accrue intemst at the same►ete oe the roat of ihe debt end muat loe paid r�:_'- - ---------
<br />- ` ' immediate�y. ": °.
<br />��"� '�`, It thie proporty ie ever condemned under tho power of eminent domain or any aimilar mothod oT toking property for public uao,eny proceode of the takinp ��-
<br /> ' �. will be paid to Commercfal Fede►al up to the full amount of the debt sxurod. �N�- __-__
<br />�i . ".
<br />_' � G:-�_�_ � - ----�
<br />- f Notlw to Borrow�r(for OW�hom� 1: A w�r ot�al�has bNn nnt�d in ffiia Mo a �. A w�r of�ai�m� ellow tfi�11Ro ■ •to tak�th� t �z._---
<br /> ` � mo ■ a s w o cou n� s n■ n u a w�r un �r •1 o p� �. �-'r'"'_„_�
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<br /> ' -_= qodaye Date �'�jj�( z5� 1997 Bor►ow�or'e s�gnaturo y]�iLV Wu�1i 1 =-_- °�--
<br /> ( t� //� . . ., '. .,
<br /> �a ipnaturo :
<br /> _ � STATE OF I�PI� 1 ' .
<br />_ � �, . •
<br />- COUIJfY OF H�IIiL 1 '"
<br /> On ihie �5� dey ot � .19 97 ,botore mo,a notary puhlic in and tor aaid county, poreonaliy camo
<br /> �� � 8�J�' Q'�� . to mo known to bo tho ido�tical person or poreona whoso •
<br /> : „ neme ie or ete etfixod to tho ebovo mortgape,end thoy,he or she aeverally acknowtedgod tho aaid inatrumant ond tho axocueon tharaof to ba thoir voluntary
<br /> ect and det�d. •
<br /> _ �'. WITNESS my hand ond notoriol senl the day and yaar lost vu►itten above. 1l���dtALG��L�y1 ��
<br /> �
<br /> My commiasion expiros: �+�
<br /> , �l-M�E��u� Notery Rublic's Sipnaturo �
<br /> � NE-IN-WY-IL-&D-MI- -�E,�.,�,N 1e��� DN-1077 (t O/86) . . •
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