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<br /> Commercial Federal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch phone number o
<br /> ------------------------------------------------------------------- '
<br /> Space above this line for recording data.
<br /> �+aa11-�.--5557��-------------
<br /> � Commercial MORTGAGE - Collateral �--
<br /> � Federal BaRk Reai Estate Mortgage o
<br /> Nature of Indebtedness Loan Amount Maturiry Date Initial Interest Rate C
<br /> Consumer Loan 20,037.00 04/Ol/03 7.750
<br /> i, RIC��RD H �,E'Y
<br /> hereby give Commercial Federal Bank,a Federat Savings Bank('Commercial Federal'),whose address is P.�. � 11�$.
<br /> ��1, NE 68101 a mortgage,with power of aale,of the followin ro e t
<br /> hereafter erected on the ro e 9 P P ►tY o9ether with all improvements now or�,
<br /> p p rty,and all easements,rights and appurtenances thereto:
<br /> IAT Cd� H[Jl�2ID FC�2TY TI�2EE (143) A1�ID TI� 90U'1'H FC)URZ�T
<br /> F�ET OF IOT � HU1�tID �9.2TY FCJUR (144) B�3�ur7nrr ADDITICd�i
<br /> ZO Ti� CITY OF C�1�ID ISL�AI�ID, I�AI,I'� a7[Ji�PY, 1�A.S[Q�.
<br /> If more than one pe�son signs this Mortgage,the word"I'means`we."
<br /> This Mortgage secures a loan made by Commercial Federal evidenced by:
<br /> A note dated the same date as this Mortgage in the amount of$ 20�037.00 ,with interest at the initial rate of 7.750 96
<br /> per annum,contains 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 this
<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 insured on the policy.
<br /> 3• All taxes and assessments 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),leased,and no interest in it will be assigned in any way.
<br /> 8• I ovm the property free and clear of any other mortgages or encumbrances EXCEPT ��
<br /> �• No other mortgage or lien on the property will ever be allowed to be in default or be foreclosed.
<br /> If any of these promises are not kept,then Commercial Federal can declara all of the debt immediately due and payable without advance notice.
<br /> Exceptions may be required by law.The interest rate will increase to 19.00%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 448-26
<br /> (FOR S0.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 /> foreclosed by action,or by advertisement as provided by statute or the rules of practice relating thereto,and this paragraph shall be deemed as authorizing and
<br /> constituting a power of sale as mentioned i�said statute or rules and any amendment thereto,and may retain statutory costs and attomey fees(SD,WY,MN,
<br /> OK,and MI residents only).
<br /> Certain amounts can be paid by Commercial Federal and added to the debt secured by this Mortgage.Including any taxes or insurance I have agreed to
<br /> pay but fail to,any attomey fees or court expenses Commercial Federal pays if it is made a party at any legal action brought by someone else conceming the
<br /> properry,and any attomey fees or court expenses which the law might allow if Commercial Federal has 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 a�crue interest at the same rate as the rest of the debt and must be paid
<br /> immediately.
<br /> If this property is ever condemned under the power of eminent domain or any similar method of taking property for public use,any proceeds of the taking
<br /> will be paid to Commercial Federal up to the full amount of the debt secured.
<br /> Borrower waives all right of homestead exemption in the properly and future waives all rights of redemption,exemption,distributive share and dower.
<br /> Notice to Borcower(for Oklahoma property): A power of sale has been granted in this Mortgage. A power of sale may allow the Mortgage to take tha
<br /> MO OQ prope a►1 s6 W OU gO1flQ COU 1�1 a orac osurs ac��+^'r � ��ner unaer uns MOrtgag9
<br /> 03/20/98 RI(�IARD H F�,Ey �
<br /> Today's Date Borrower's Typed Name orrower s Signature
<br /> Borrower's Typed Name Borrowers Signature
<br /> 2408 W 4TH C�2A1�ID ISI�ID, NE 68801
<br /> Borrowers Address
<br /> STATE OF � �
<br /> COUNTY OF �� � ss.
<br /> On this 2�� day of �� , 19 98 ,before me,a nota
<br /> ju�D H �L�,+Y ry public in and for said county, personally came
<br /> name is or are affixed to the above mortgage,and they,he/she/they severally acknowledged the said in t ment and the execution h reoftorbe the��
<br /> volu�tary act and deed.
<br /> WITNESS my hand and notarial seal the day and year last written above. `
<br /> My commission expires:
<br /> NE-IN-WY-IL-SD-MI-AZ-MN-IA �GENERALNOT N . " ' nature
<br /> � �JENNIFEq�,�T DN-1077 (07/97)
<br /> r! ,:°�M�Y�m.Exp.Sept 2R,13�1'9
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