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<br /> Comme cia)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. � �� �7���� � �
<br /> � Commercial MORTGAGE - Collateral "�
<br /> � Federal Bank �
<br /> Real Estate Mortgage o
<br /> Nature of Indebtedness Loan Amount ! Maturity Date Initial Interest Rate
<br /> Consumer Loan 5,670.68 04/08/03 9.750
<br /> �, ALVARfJ II2I�'t0 PAIZ at�d ST�Ai�'A D GARR�O
<br /> hereby give Commercial Federal Bank,a Federal Savinga Bank('Commercial Federal'),whose addreas ia P.0. � 1103.
<br /> ��� �' 68101 a mortgage,with power of sale,of the following pro e t
<br /> hereafter erected on the property,and all easements,rights and appurtenances thereto: P rtY o9ether with all improvementa now or
<br /> LOT TFIl2F� (3). BIiOCK C� (1). LAI�'VIEW A�ITICN, TO Ti� QTY
<br /> �' C�tAi�ID I3J�1�ID, F�Li, C�TI'Y, 1�.tAffiQ�i.
<br /> IT more than one person signa thia Mortgage,the word'I'meana'we."
<br /> This Mortgage secures a loan made by Commercial Federal evidenced by:
<br /> A note dated the aame date as thia Mortgage in the amount of$ 5�670.68 ,with interest at the initial rate of 9.750 %
<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 thia Mortgage.
<br /> � promiae the following things:
<br /> 1• All paymenta 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 muat be aatisfactory to Commercial Federal,and
<br /> Commercial Federal will be a named inaured on the policy.
<br /> 3. All taxea and asseasmenta on the property will be paid before they become delinquent.
<br /> 4. No waate 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 encumbrancea EXCEPT �� F'�jj�
<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 a�d 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,and thia
<br /> mortpage 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 AGflEE THAT THIS CONSTITUTES A COLLATERAL REAL ESTATE MORTGAGE PURSUANT TO SO.DAKOTA C.L 44-8-28 '
<br /> (FOR S0.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 tha rulea of practice relating thereto,and this paragraph ahall be deemed aa authorizing and '
<br /> constituting a power of sale as mentioned in aaid atatute or rulea and any amendment thereto,and may retain statutory costa and attomey teea(S0,WY,MN, '
<br /> OK,and MI reaidents only�.
<br /> Certain amounts can be paid by Commercial Federal and added to the debt secured by this Mortgage.Including any taxea or inaurance 1 have agreed to '
<br /> pay but fail to,any attomey feea 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 feea or court expenses which the law might allow if Commercial Federal has to go to court againat me to collect the debt or '
<br /> foreclose this mortgage.If any of these thinga happen,then the additional debt will accrue interest at the same rate aa the reat of the debt and must be paid
<br /> immediately. '
<br /> If this property ia ever condemned under the power of eminent domain or any similar method of taking property for public uae,any proceeds of the taking '
<br /> will be paid to Commeroial Federal up to the tull amount of the debt secured.
<br /> Borrower waivea aU right of homeatead exemption in the properly and future waives all rights of redemption,exemption,distributive share and dower.
<br /> Notic�to Borrow�r(for Oklahoma roperty): A power of sale haa bsen gronted in this Mortgags. A power of sale may allow ffio Mortyage to tak�th� '
<br /> m ap Prop� an s� w o an�na �.��. '
<br /> ..�u�aian veraua oy aOITOWef Ufltl�r is o ag�
<br /> 03/24/98 ALVARp II�i17p PAIZ �� ��,,� �.
<br /> Today'a Date Bonower s Typed Name Borrower Signature
<br /> HZANCA D CARRIDO '
<br /> BoROwer s Typed Name Borro r a Signature
<br /> 314 W. AS�1C�i C�2�ID IgLAi�ID, NE 68801
<br /> Borrowers Address
<br /> STATE OF �.$� �
<br /> COUN7Y OF HALiT� � S8�
<br /> On thia 24� day oi �� , 19 98 ,before me,a nota
<br /> p�V� �� p�Z � � D �� ry public in and fo�aaid county, personally came
<br /> name ia or are affaed to the above mort to me known to be the identical peraon or peraons whose
<br /> vdu�tary act and deed. 9a9e.and they.he/aha/they severally acknowledged the said inauumar►t and the execution ffi to bs thar
<br /> WITNESS my hand and notarial aeal the day and year laat written above. �
<br /> My commiaaion expirea: �,�,`. '�� �j _( ��,��L�_
<br /> NE-IN-WY-IL-SD-MI-AZ-MN-IA e�E�l NOiMYSh�r r...__._. Public's Si ture ° __. _ ___
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