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<br /> Comme ' I 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. �n �: 37�3�'r' � `
<br /> � Commercial MORTGAGE - Collateral �'\
<br /> � Federal Bank
<br /> Real Estate Mortgage �
<br /> Nature of Indebtedness Loan Amount Maturi Date Initial Intarest Rate �
<br /> tY
<br /> ConsumerLoan 10,086.50 04/10/01 7.750
<br /> i, LIAVID R RCA'� and DIAi� K 1�07� ,
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank('Comme�cial Federal'),whose address is p.0. � 11�3.
<br /> C�'�� �.' 68101 a mortgage,with power of sale,of the following property topether with all improvements now or
<br /> hereafter erected on the prcperty,and all easements,rights and appurtenances thereto:
<br /> IAT PIIl�'J.�T (19) BI�P I�IC�1'3 SF3C�C�ID SU�IVI3ICd�i,
<br /> QTY OF C3t�,t�ID ISI�ID, HI�i�L �PY, �R�i.
<br /> If more than one person signa 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$ 10 i 086.50 ,with interest at the initial rate of 7.75� %
<br /> per annum,co�tains the tertns for repayment of that loan.If that nota 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 own the property free a�d clear of any other mortgages or encumbrances EXCEPT �1Z'�!a ��i & T�N
<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 alt of the debt immediately due and payable without advance notice.
<br /> Exceptions may be required by law.The interest rata 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 PURSUAM TO SO.DAKOTA C.L 448-28
<br /> (FOR SO.DAKOTA RESIDENTS ONLY). In the event of any default in the making of any payment or in keeping any covenant herein,thia Mortgage may be
<br /> foreclosed by action,or by advertisement as provided by statute or the rulea 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 coats and attomey feea(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 1 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 lagal 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 /> Notics to Borrowsr�for Oklahoma pro orty): A powar of aala has baen granted in this Mortgage. A power of sals may allow th�Mortgag�to tak�th�
<br /> m a ro an s� w o goin o cou m a orao oauro a o n e au y orc wor un er �s o ags.
<br /> 03/24/98 I�AVID R It�'LEE �
<br /> Today's Date Borrowers Typed Name Borrowers Signatur
<br /> DIAl� R RdU7,EE �' �
<br /> Borrowers Typed Name Borrowers SignatUre^ 1 U
<br /> 4359 C�t�G� Rp (�tp�1�ID ISI,AI�ID� NE 68803
<br /> Borcower s Address
<br /> STATE OF �� �
<br /> COUNTY OF BjIFT''AIp � ��
<br /> On thia 24� day of ��� ,19 98 ,before me,a notary public in and for said county, peraonatly came
<br /> LIAV� R �'�y � D�j�; R ��+ to me known to be the identical eraon or
<br /> name is or are affixed to the above mwtgage.and they.he/she/they aeverally acknowledged the said insVument and the execution theroof tPo b�e thair�
<br /> voluntary act a�d 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 _ N-_H�P11�KNOEPFEL Notary Public's Signature r,�� ,�„�� „�„ „��
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