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<br /> Commer 'al Federal Bank, P.O. Box 1 103,Consumer Loans,Omaha NE 68101.Branch phone number
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<br /> Space above this line for recording data. �+�1 �� �a'�'��
<br /> � Commercjal MORTGAGE - Collateral =
<br /> � Federal Bank a
<br /> Real Estate Mortgage �
<br /> Nature of Indebtedneas Loan Amount Maturity Date Initial Interest Rate
<br /> Consumer Loan 28,842.00 03/28/02 7.750
<br /> i, SERAPfIIl� AGUII,AR arYl DIA1�Il� AG�TII�AR
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank('Commercial Federal"),whose address is P.�. � 11�3.
<br /> ��1� I� 68101 a mortgage,with power of sale,of the following property together with all improvementa now or
<br /> hereafter erected on the property,and all easements,rights and appurtenancea thereto:
<br /> SEE AT�AQ�
<br /> If more than one person signs this Mortgage,the word'I'means'we.' �
<br /> This Mortgage securea a loan made by Commercial Federal evidenced by:
<br /> A note dated the seme date as this Mortgage in the amount of$ 28 j,842.00 ,with interest at the initial rate of 7.750 96
<br /> per annum,containa 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 thia
<br /> Mortgage plus any other mortgages listed in paragraph 8 below.The insurance company must be satisfactory to Commercial Federal,and
<br /> Commercial Federal will be a named insu�ed on the policy.
<br /> 3. All taxes and asseasments 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),leaaed,and no interest in it will be aaaigned in any way.
<br /> 8. I own the property free and clear of any other mortgages or encumbrances EXCEPT ��
<br /> 7• No other mortgage or lien on the property will ever be allowed to be in default or be forecloaed.
<br /> If any of these promises are not kept,then Commercial Federal can declare all of the debt immediately due and payabte without advance notice.
<br /> Exceptions may be required by law.The interest rate will increase to 19.0096 or any lesser of the maximum rate allowable 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 44-8-28
<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 /> (oreclosed by action,or by advertisement as provided by statute or the rules of practice relating thereto,and this paragraph shall be deemed as authorizing a�d
<br /> constituting a power of sale aa mentioned in said stat�te or rules and any amendment thereto,and may retain atatutory coata and attomey fees�SD,WY,MN,
<br /> OK,and MI residenta only�.
<br /> Certain amounts can be paid by Commercial Federal and added to the debt secured by this Mortgage,Including any taxea or insurance I have agreed to
<br /> pay but fail to,any attomey feea or court expenses Commercial Federal paya if it ia made a party at any legal action brought by someone else conceming the
<br /> property,and any attomey fees or court expenses which the law might allow ii Commercial Federal haa 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 intereat at the same rate aa the reat of the debt and must be paid
<br /> immediately.
<br /> If thia property is ever condemned under the power of eminent domain or any aimilar method of takinp property for public uae,any QroCeada of the taking
<br /> will be paid to Commerciai federat up to the fiull amount ofi the debt secured.
<br /> Borrower waives all right of homeatead exemption in the prope�ly and future waives all rights of redemption,exemption,distributive share and dower.
<br /> Notice to Borrowsr(for Oklahoma proparty): A powar of sale has bean gronted in this Mortga •. A owar of sals a #��M a •to t�k�ffi�
<br /> ��
<br /> m a ro an s� w an oou in a oroc osun a on u n au w�r un ar a �.
<br /> 03/17/98 �uA�m� �
<br /> �
<br /> Today'a Date Borrower s Typed Name rro ' Si ature
<br /> DIAi�Il� AQT�,�,R Q .
<br /> Borrowers Typed Name Bo rs Signature
<br /> 1003 E 6TH C�tA1�ID ISL�AI�ID, NE 68801
<br /> Borrower s Address
<br /> STATE OF � �
<br /> COUNTY OF I�AI�T� � ��
<br /> On this 17� day of �; , 19 98 ,before me,a notary public in and for said county, personally came
<br /> ��'+ �L�TII� aI]C� DI� � to me known to be the identical person or persona whose
<br /> name ia or are a�xed to the above mortgage,and they,he/ahe/they aeverally acknowledged the said instrument and the execution thereof to be their
<br /> voluntary act and deed.
<br /> WITNESS my hand and notarial aeal the day and year laat�Mitte� abOVe. �
<br /> My commission eupirea: �p.
<br /> A 6ENEMl NO W
<br /> NE-IN-WY_11 _cn_M�_e�_Mw� �w � � ......
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