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i 1 B C. The remaining balance of the aforementioned pledged fund shall then be applied to the pay- ment, in full, of the total amount of unpaid principal and interest owing to Grantee as reflected in the attached promissory note (s1 from Grantor to Grantee. The Grantors he..e- under further consent to a personal deficiency judgment for any part of the aforementioned indebtedness hereby secured if such proceeds are insufficient to pay such indebtedness or which for any reason shall not be paid from the proceeds of the sale of the above-describe. real property. SECURITY INTEREST IN REAL PROPERTY. Grantors hereby' bargain, grant and convey to Grantee a security i interest and lien in and upon the above described ~ real property as security for the payment of said promissory notes hereinbefore mentioned. To this f end, Grantors agree to execute any and all appro- priate instruments or documents so as to adequately ; reflect and preserve the security interest in said real property herein granted and conveyed to Grantee. The instruments and documents contemplated herein shall be in such form as shall enable the Grantee to cause the same to be properly filed and recorded ': in the office of the Register of Deeds of Hall County, Nebraska. DEFAULT. In the event of default in the performance's of any of the terms and conditions of the Agreement or the note secured by it, the Grantee shall be entitled to immediate possession of the property above described and all the gents, revenue and income derived therefrom during such time as the aboUe indebtedness remains unpaid shall be applied by the Grantee to the payment of the note and all other sums secured hereby after deduction of any necessary costs of collection. D. HTNDING r,FFECT. This Agreement Shall be binding on and s-all znure to the benefit of the successors and assigns of the parties hereto, but nothing oontsira~-+`'a ~n this paragraph slYall b~ construed as a consent by either party to any assignment cif this Agreement or any interest therein. E F. G WARRANTY OF 'T'ITLE. Grantor does hereby covenant with Grantee that Grantor is lawfully seined o~ the above-described real property, and that Grantor warrants and will defend the title to said premises against the lawful claims of all persons whomsoever.! ENTIRE AGREEMENT. The parties acknowledge there aye een na representations, inducements, or under:', standings, oral or otherwise, except those as herein; set forth. This Agreement shall constitute the entire agreement and understanding of the parties hereto. Ct~Ns'1'RLTC"I'TON . (a) This contract shall be oonstrued in accorc)ance with the Laws of the State of Nebraska. (b) The titles to the several paragraphs of this Agreement are not part of this Agreement but are to be con3idered for reference purposes only. - 3-