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r 80--e up~588 LOAN NO. ZiOS27131 "MORTGAGE AND SECURITY AGREEMENT' KNOW Att MEN BY THESE PRESENTS - ---~ THAT DAVID V, OSBORN and DIANE B. OSBORN, husband and vlfe, ~ ' each contracting Ln hls oTUa right and as spouse of the other of the Count' of HALL wd Stare of Nebrmkq mortgagee, in consideration of she win of - " THIRTY THOD$AND AND NO/100ths S S30.OOA•00 ~ DpLtARS - . the receiPS whereof n hereby odnowledgad, do hereby SELL AND CONVEY to Sfa1e Federal Swings ord roan Associorion, Beatrice, Nebrako, roorsgugssw _"- the folk>wir,g described real estate siwased, in HALL Count', Sane df Nebr~kq-to whi: - - Lot Slx {6), Bison Meadow, Dontphan, Hall Couniy, Nebraslca~ _ T'ogethar with all buildings, tiers, ,mprwamenn, fixtures o appunenonces n or hereafter a ecr,d thereon, , civding, oh apporatux equipmwst, Rxsur onidas, whether i singleeunits o emrally controlled used ro mpply heor,wgas, ondnionmg wafer, I~ght, power, reFrigaration vemilolion, dishwashing, disposal, or others and ony ari,er thing n « hereafter therein or thereon rrhe fumeh,ng of wh,ch by let s ro lessees n ustomary o appropriate, including screens, window shades, storm doors nndw inflows. Floor co envgs, r n doors, im a~door beds, awnmys,~mvas and wmer hemen (all of which ore de<hred to fie a Don of sod eel estae whether physmaly anaahed thereto o nor) The Morlgvgee ,s hereby subrogoted ro :he righn of all m tgagees, lienhaldee rnd ow s paid off ~byrthe pro Beds of the loan hereby s tad This ongoge nsitores o uriry agree e,a wah respect to the ehareels cwerod hereby and with respect ro the fixtures vuoched ro the above dexdbed rear estate m which mongagae has an ordinary ucur,y mteresr. TO HAYE AND TO HOLD rho said pmpeny, with said 6nidings, eos_ments. imprvvemena, Fixtures, appunenvnan. opparatas and egwpmmr, unto cord Modgogae, ih wccros«s and assigns forever. The ortgagon repreum and c am wnh the mortgagee rh,a they era lawfully ,e xrd .r, lee simply of so,d premise>, ,has they hwe good right and lowtul wrhonry ro sell and < twat' the sa e, ether they o e free and clear from n mbrances. that there c awaond~ng s coat m ests ogomn ony !«rures. n•,d that +hey writ w ant and defend the ride tv said premises against the dmmsuaf oli peoons, and rha+ rhea ore ,m aw,nmdn.g >acw,ry ,morose as w any and aii of the above d~~dbed f,xwras PROVDED, oh+ay> and these pre upon express cand,r,on Thar, whereas +he sa,d m«rgagors hover this dny axes tad n d dalivarad to the sa,d Asmsioean, vn cm ,_s-_s6~„ +r1 st,..,h,wnsry,.adarnt,on wh,ch s m wn4, ,astir s, ov~d<d by s«d note o unl rmodihcahon o exien>ron thereof, and allasv - eea ri shall pay r of ,h-own (ones for taxes wr p m h ~ p parry desa,bed tiara n or future cash od+anee mane mode by th g to th raoregagd- h tact s r m ode for ony purpose vt y t beta h lease and canceller on of rhn mortgage (prrnid ed that the wd ad bts~faTre -' uh'4he p <pal baton a rive err the t me of the s d d em h U of e,ceea the err gmal omoum of the mortgage and provded further, a r,a""T~ring'h`e`r'ui 'rdnlm'hed `shvti be conadared os I~mnmg .he omoums rhnr shall be sewrad hereby when advanced ro praea the securny ccordrnce with the c acts contained herein) shall constitute the debt owing ro a,d Assoaanov and by sa,d n a a,d mongngors promise to pay said debt arsd is»eresr m the Assocwfwn m monthly insraliments os prov,ded .n s«d nine nl even date harewnh Unless mod~hed or wended the final pnymem o due 360 month, tram data Mortgagors funkier agree to pay, bef«e delinquency, the su urod hereby, and all to and charges of ev y chnrocrer rns sell or n .v due, under the laws of Nebroskq upon said real esata, and upon rhn mongagesorethe n or dabs se red hereby, m keep the bmld~ngs upon smdapremises m red (or bre and extended c arage r ompany o ompanies o ceptabla ro mortgagee fur an mount nor less than the .slue vl the 6vAd,ng. as derermmeds 6t' them r tgagw or the unpaid balanc of the ban, whmhever is Ims; io kxp all xnpro inners .n good rapmr and candino wndow waste dur,ng the Lle of rhn mongaye, and ro permit morlgogee « As ogeN to enter upon said Dramatis tp examine the condinon ni sa,d improvemenh m wrier ro ensure compimnce herewnh Should defouh ba made in poymem of the s umd hereby, « any pan thereat, and m,d delvuh c ,for s xry 1601 Jays. a should sa,d in ur rot ba promptly eF{ected or taxes err msassmenrs not fie pmd 6alma delnquancy, err default m any of the ra s of the „era ter wh,ch rh,s manguga u ancr or said properly sdd « tronsferrad by deed. contract, option, ea otherwise, wahou, appra al o supplemental applican«, fora umpnon of th scm tgoge and the debt evida,ced thereby, by the Avoeianon, m .n case of ladura w duly observe and vba govam<d by rt,e provs~ons and mnda,ons of the Chonm, By-taw o} w,d As lesion, and colas and regulations of The Fedsml Savings and loon $Y,lem, or .f scoured 6t' mongvge .m a orpo.m:onx m pay .n add- ition tits tM option of the Assxrotian, rho pre s (or said in n r the d,s<overy 6t' the Auocia,on, o ~ olhca rhnr any of the staremanrs contaned n th. applicana, {« the ban executed 6t' mortgagor a lalseroor d a m. lien, addmonol mongoge, mechon,ns hen, o other a umb,anca n tiled of ,a ord which impose o lien nss the above dascobad raalseastota. than the whole of sine mdabredne>s remam~ng unpaid sbdl m thx opnon of rho sod Ass«wnon. becom. due and payobb wdhaur nmVCa, time being the essence of rho contract Should morlgog«s foil to keep the bmldings insured, ns herein ngreed, o, Tint ro pay real estate texas m,d spec~ai asunmanrs an the s,~•-~ n,,,ngagnd pro prry 6elore dehrpuenry, m«tgagea may riled sdd ,ns r ,pay . s and m a pram,vms. «,d all wch payn,anrs, w~rh ,inmost <s p~.~.•aeJ .n the b, sr mortgage r,We ucurod by rhn mortgage, shalt 6a o C«, upon raid prem,u> and secured hereby the morsgagon haroby relinquish all homestead and marital nght> of Query kind in and ro the sod pram,ses For tM purpose of fumahmg fwrha sncunty for the debt sa urod hereby, the mongogon hereby ossyo r.nnslar aaJ se v n the mongoyeu, m bn uppl,ad toward the payment of the noes and all other su tad hereby, . of a defauh .n the pedormonce of any of rho room and cendn,vns vl phis mongaye v rise said MIe, all the renh, revenues, an income to fie denvad from the mortgaged premnas during wch rime ns the mongaye ~ndebtndnnss shell remain unpo,d, and tM mortgagee ehdl hrne power to appoint any vgent, « agents, it may desire far the purpose of repa,nng sod pram~ses o„d of rcn ,rig ,he taco and collect irsg tM belt, rMMYGr, and income, and a may pay our of said n<ome all expnms of ,apon mg sod Dramatis anJ necassmy <ommas~ans. and expenses mcuaoJ n renting and managing the wmr, end of collening reaals theroFrom; rho Lwimce re mng J any, to ba appluJ coward the duohvrge al sa~J m ngoye ,miedted nets Mortgagee shall account for teen actwlly calednd and nor for rho ramol value aF smJ premsm If the indabredness secwed hereby fie guarameed or insubd under the Servmemeri s Readjustment Act. a m„ndad. wch A<r and Rao~lot,ons nsuod share vmisr and in effect on the dare hueof shall gov n Ilse right, dories and tiabiliries of rho Dames hereto, a any pro.inons o4 rh,s o other .nsrrumams a.e,ured m mnnecfron mrh said indebtedna>s which tiro in<omi>tent with aid Act « Regulations are Iubby amended w caalonn the,eio The terms used to designate any of the Dottie, her .poll be deemed tv include rho heat, rapre mat:vus succrosn,s and ass,gas nl sod cw , as nr,J ,ha term "MMgagor' shall abo include any lawful awnec holder « pladgor d any ~ndebradness secured hereby i-9 79I 10R pumt,le)