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<br /> �, 98- 1(;3�31 � � � Q
<br /> Commercial 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 �: �����
<br /> � Commercial MORTGAGE - Collatera! '�Q
<br /> � Federal Bank �,
<br /> Real Estate Mortgage \
<br /> Nature of Indebtedness Loan Amount Maturity Date Initial Interest Rate
<br /> ConsumerLoan 15,037.00 04/15/08 8.750
<br /> i, J�:S E C�O�iN and ELIZABEl�i S C�O�N ,
<br /> hereby give Commercial Federal Bank,a Federai Savings Bank("Commercial Federal"),whose address is P.O. �X 11.�3,
<br /> ��a� �'' 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 /> Tf� I�R�LY �n1ELVE (N`l2') FECP OF IAT FC7UR (4) AI�ID ALL OF
<br /> LOT TWO (2) IN SIAC�C Ri�TII�l'Y—F+OUR (24) IN UNIVF�2.SITY PI�A�CE,
<br /> AN AIIDITICfl�i T0 Tf� QTY OF C�.2�11�ID ISLAI�ID, HAI.,L QO[JNPY,
<br /> I�tA.S�.
<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 amouni of$ 15�037.00 ,with interest at the initial rate of 8.750 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 insurence 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 6 below.The insurance company must be satisfactory to Commercial Federel,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 �� F`��� �� �
<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 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 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(SD,WY,MN,
<br /> OK,and MI residents only).
<br /> Certain amounts can be paid by Commercial Federal and added to the debt sec�red 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 aitorney 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 ai 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 righis of redemption,exemption,distributive share and dower.
<br /> Notice to Borrower(for Oklahoma ropertyZ; Apower of sale has beetigranted in thi$11Anrtgnee_A�ovrer ef sale may a!!nw tho Nlartgago to take the
<br /> mo gage prope an ae w ou going o cou in a orec osure ac ion upon e au y orrower un er �a o ege.
<br /> 04/06/98 JAI� E C�iN
<br /> Today's Date Borrower s Typed Name wer s Si�nature
<br /> F[..�IZF,B�'l.'H .5 C�,N
<br /> Borrower s Typed Name Borrower" nature °
<br /> 1931 N I�JhiP,RD AVE C�2A1�ID ISI�ArID, NE 68803
<br /> Borrowers Address
<br /> STATE OF 1�RP�.S� )
<br /> ) ss.
<br /> COUNTY OF HPlI�L )
<br /> On this 6� day of �ZL , 19 98 ,before me,a notary public in and for said county, personally came
<br /> J� �' �N aI]� �iZ�'AR''T'�'; S � to me known to be the identical person or persons whose
<br /> name is or are affixed to the above mortgage,and they,he/she/they severally acknowledged the said instrument and the execution thereof to be their
<br /> voluntary act and deed.
<br /> WITNESS my hand and notarial seal the da and ear last written above. /�/ � /
<br /> Mycommission expires: _` `�//,O ,(/ � ��1�
<br /> ��-$�-0f-�f9i�
<br /> NE-IN-WY-IL-SD-MI MN}��, �STANCE K.SLOAN �, Notary Public's Signature DN-1077 (07/97)
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