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<br /> � 98- ����84 .
<br /> Commerc i�ederal Bank, P.O. Box 1 103,Consumer Loans, Omaha NE 68101.Branch phone number
<br /> ---------------------------S------------------------------�-� �:__S$�i��----
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<br /> pace above this line for recording data.
<br /> � Commercial MORTGAGE - Collateral
<br /> � Federal Bank �n
<br /> Real Estate Mortgage ��
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial I�terest Rate
<br /> Consumer Loan 6,111.00 04/15/03 7.750
<br /> i, �T D RULWICI�
<br /> hereby give Commercial Federal Bank,a Federal Savings Bank("Commercial Federal"),whose address is P.�. BOX 1103,
<br /> Q��, NE 68101 a mortgage,with power of sale,of the following property together with all improvements now or
<br /> hereafter erected on the property,and all easements,rights and appurtenances thereto:
<br /> IAT SIX't�T (16) . WEST LA�nIl�T ADDITIO�T � Tf� QTY OF C�2A1�ID
<br /> I3LAi�ID, F�� C�OI7NPY, 1�RA.SE�.
<br /> Ii more than one person signs this Mortgage,the word"I"means"we.•
<br /> Thia Mortgage secures a loan made by Commercial Federal evidenced by:
<br /> A note dated the same date as this Mortgage in the amount of$ 6,111 ,�� ,with interest at the initial rate of 7.750 %
<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 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 foreclosed.
<br /> If any of these promises are not kept,then Commercial Federal can declare all of the debt immediately due and payable without advanca 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 ca�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 COLLATERAI REAI ESTATE MORTGAGE PURSUANT TO S0.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 attorney fees(S0,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 attorney fees or court expenses Commercial Federal pays if it is made a party at any legal action brought by someone else concerning 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 i�the properly and future waives all rights of redemption,exemption,distributive share and dower.
<br /> Notioa to Borrower(for Oklahoma property): A power of sale has been granted in this Mortgage. A power of sale a Ilow th Mortgage to take the
<br /> mo a e pro e a� as � wi ou o�n cou �n a orec osure ac ion upon e au y o owe n er is gage.
<br /> 04/Ol/98 KURT D KUI&PIQ� � _ •
<br /> Today's Date Borrower's Typed Name dorr r s Sig atur
<br /> Borrower s Typed Name Borrower s Signature
<br /> 1817 N HUS7.10�T (�2A1�ID ISI�AI�ID, NE 68801
<br /> Borrower's Address
<br /> STATE OF �Q� �
<br /> COUNTY OF F�� j ss.
<br /> On this �1' day of �L , 19 98 ,before me,a nota
<br /> � D �j� ry public in and for said county, personally came
<br /> name is or are affixed to the above mortgage,a�d they,he/she/they severally acknowledged the said inst m nt and the enecution hereoftorb t e�ose
<br /> voluntary act and deed. �
<br /> WITNESS my hand and notarial seal the day and year last written above. �� � �
<br /> Mycommission expires: q� ,� p � .
<br /> l,�-,(_����
<br /> NE-IN-WY-IL-SD-MI-AZ-MN-IA ��GENEMI Iip1AAy-$qt�p(��� , ublic's Si9n e DN-1077 (07/97)
<br /> � JENNIFER L SCHWINDT '
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