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<br /> lo�s,to-Wit: . , - _
<br /> To purchase i+otg one (1) ,three (3) and five t5) of said Hlock twenty-aine ���) ,Gilbert's Thir
<br /> IAddition to the City of (�rand Island,Ha31 County, Bebraska�, for the price of one thouea,nd(�1, 0)
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<br /> (jDollars, eub�ect to the conditions hereinafter set forth.
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<br /> ; The 8ohool District shall have five yeara, or until 12 o�elock noon on the 14th dap of January
<br /> �I1935: to eaerc#se said option. In the event the School Dietrict elects to eaer�ise said optio ,
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<br /> � then �1ula L.t3ilbert and Elula �.Qilbert shall have the right to remove from said premises any
<br /> ' and all buildings, houses, barna, garages, fenaes , foundations or anq other improvements made
<br /> �lupan s�id pxemises egcept sidewalks, sewers a.nd other improvements of li�ke nature. In the eve t
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<br /> � the School District elects to easrcise said option, then the School District agrees that it wi l,
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<br /> Ilin addition to said sum of one thoueand (�1,400)- Dollaxs, pay the real eetate taace$ tha� shall
<br /> hane been levied and assessed ainst Lots one 1 and five oommencin �ith th taac f I
<br /> !�� � ( � (5) , g e es or
<br /> !�,193f��a d includiz�� all ta.aes levied thereafter, and all paving taaee.
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<br /> � In the event the Sohool Diatrict n�tifies Elula L.Gilbert and �lula C.Giilbert that it intends
<br /> � to exercise said option, then �lula L.Gilbert and Elula C.Gilbert agree that it will submit to
<br /> the then attorney �or the 3chool District, e,n abstract of title showing a valid, marketable,
<br /> � legal title to be in Elula L.Gilbert and �lula C.t�ilbert and Will make, e�cecute and deliver
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<br /> ja �varrantp deed to aaid premises with general covenants of warranty, Rarrantirig against all
<br /> �iliens and eneumbrances whatsoever; and in event the Bchool Distriot elects to e�cercise eaid
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<br /> ( optiQn, then Elula L.ailbert and E].ula C.Gilbert shall haqe one year theresfter to remove ;the
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<br /> � hQt�Qe and improvements placed upon said premisee; provided tn any event �lula L.Gilbert and
<br /> Elula C,Gilbert shall not be required to have the buildtnge removed from said premisee prior
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<br /> I, to the first day of January, 1935• __
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<br /> � IT IS FURTH�.R 4RDI�RED, ADJUDGED A�'D DEC�1�D BY THE COURT, that eaid option ia superior to the
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<br /> �� rights of the platntiff in said_ real estate and junior to the rights of the de�'endant the
<br /> Equitable Building and Loaz� As�ociation.
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<br /> Tht court further finds genera.11q except as herein provided 1n favor o� the plaintiff a.ad
<br /> iagainst the defend�nta, and that the allegatioas of the plaintiff's petitiog are true, that th
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<br /> � no�e and loan the�ein set forth were duly eaecuted- and delivered and default made thereunder a
<br /> , therein alleged, that said mortgage. wae duly recorded in $ook 66 of Mor�gages, at pa.ge 69� of he
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<br /> � Records of Hall County, I�ebraeks�, and is a first liea _on Lote 2,� � 1�,in Block 23, in Oolleg�
<br /> � Addition to arand Island, arid Ipta 2,4 � 6, in Blaak 1�F, in Soarff's Addition to West Lawa in
<br /> �3rand Islarid, a,nd eub�ect to the right of the defendants,Fquitable Huilding and Loan Assoaiat n
<br /> and Sehool District o� C#rand Island, as herein set forth, is a first l�:en on Lots 1,3 & 5, .in ��i
<br /> Block 29, in G411bert�s 2'hird Addition to Qrand Island, that on or about the 7th day of Februa , '
<br /> ' 1930, the aa�id Aebraska State Bank aseign�d said mortgage and the debt eecured thereby to the
<br /> plaintiff, Standard $eourity Co�panp,which assignment 'vas reaorded in Book 26, oP Relea,ses an
<br /> Assignments, on pa.ge 395 of the Records of Hall Qounty, l�ebraska, and that pla3nti�f is the
<br /> legal owuer and holder of �he said mortgage and debt seevaced thsreby, and there ia now due
<br /> plaintiff thereon from the maker of said note, the sum of $1,4g2.33 with interest at 10°J6 from
<br /> date hereof, that said sum is a first lien, eaoept as hereinbefore set forth on the above
<br /> described real estate, that no actioa at law has been had for the recoverp of said debt or an
<br /> part thereof, and plaintiff ie eatitled to a foreclosuse of sa3d mortgage �or the satisfQCtio
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<br /> thereof.
<br /> The court further finde that_ the defendant 4ommercial State Be.n]t of arand Island,Ha11_�ounty,
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<br /> Nebraaka, ae a 3udgment creditor, k�as �2 ��dgments againet the defendants �lula L.Gilbert and
<br /> �lula 0.(�ilbert, one in the sum of $936.� and coets taxed in the �um of �6.9�, with interest �
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