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<br /> _ Commer I Federal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch phone number
<br /> ----------------------------------------------
<br /> ---- -------------
<br /> Space above this line for recording data. �: ���'���
<br /> � Commercial MORTGAGE - Collateral "�
<br /> Federal Bank _
<br /> � 9$ ��2'731 Real Estate Mortgage ��
<br /> �c
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rata
<br /> Consumer Loan 9,436.50 04/06/03 7.750
<br /> i, JEE'FREY J Itf'�Y and L�II�T D ItC'�Y
<br /> hereby give Commercial Federal Bank,a Federal Savings 8ank('Commercial Federal'),whose address is p.�. BC�R 1103,
<br /> ��� � 6a1�1 a mortgage,with power of sale,of the followin
<br /> hereafter erected on the property,and all easements,ri hts and a g property together with all improvements now or
<br /> g ppurtenances thereto:
<br /> LOT Zin1II�PY FIVE (25) HLiOCK � (2) 90[Tl� A�RE4 ADDITICd�T
<br /> Z1D TI� CITY OF C32AI�ID ISL�AI�ID, HI�W, C�[A�1'Y. I�SRA�.SE�i.
<br /> If more than one person 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$ 9,436 �+0 ,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 coverege 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 as.sessments 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 own 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 declare all of the debt immediately due and payable without advance notice.
<br /> Exceptions may be required by law.The interest rate will increase to 19.0096 or any lesser of the maximum rate allowable by law at that time,a�d 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 /> 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 in 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 i�surance 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 /> property,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 accrue 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 Borrower(for Oklehoma property►: A power of sale haa been granted in this Mort e e. A ower of sale ma allow the Mo
<br /> mo a rope an se wi ou gomg cou in a orec osure a on u g g P Y rtgage to take tha
<br /> pon e au y orrower un er is o aga.
<br /> 03/24/98 ��y J �y
<br /> Today's Date Borrower's Typed Name
<br /> Bo i ature
<br /> LYlaT D �Y
<br /> Borrower's Typed Name wer's nature
<br /> 419 WYA1�IDp'ITE S'I'R�p Q2p�1�ID IraI.A1�ID, NE 68 0
<br /> Borrower s Address
<br /> STATE OF � �
<br /> COUNTY OF HALT� � �'
<br /> On this 24'� day of �Q� , �g 98
<br /> ��+Y J �Y � L� D �Y ,before me,a notary public in and for said county, personally came
<br /> name ia or are affixed to the above mortgage,and they,he/she/thay aeverally acknowledged the said in t ment and the execution hereoftefbe theVir�
<br /> voluntary 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 � E��f�r'�a ublic's Si ture
<br /> JENNIFER 1,.gCHyy�N DN-1077 (07/97)
<br /> = N!Y Camm.Exp.Sept Y4 1999
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