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86, 103976
<br />MORTGAGE
<br />MORTGA(;F LOAN NO_ _--joL 56
<br />KNOW ALL MEN BY THESE PRESENTS: That Delmar L. Garreits and Maia A. Garrelts, each in his and
<br />her awn right and as spouse of each other; and John J. McGowan and Doloris N.ivcGcwan, each
<br />in his and her own right and as spouse of each other,
<br />Mortgagor, whether one or mote, in consideration of the sum of
<br />Ninety Thousand and no /100-- -_---- __---- -- --- - -- -_— �---__-_noLLARS
<br />loaned to said mortgages by The Equitable Building and Loran Association of Grand Island, Nebraska. Mortgagee, upon 900 shares of stock of
<br />said ASSOCIATION. Certificate No. L 241-558 do hereby grant, convey and mortgage unto the said ASSOCIATION the foBowing
<br />described real estate, situated in 11311 County. Nebraska:
<br />,Lot One (1) , Islanc Acres Number Eleven (11) , in tin-_ city of Grand Island, hall
<br />County, Nebraska, canprising all cf Lot One (1) , Island Acres Number Six (6) , a
<br />Replat of Lots Nineteen(1 9) and Twenty (20), Island Acres city of Grand Island,
<br />Hall county, Nebraska except that part described as follows: Beginning at the
<br />Southeast corner of Lot One (1) Island Acres Number Eleven (11) ; thence Wbsterly
<br />Thirty Two (32) feet along and upon the South line of Lot One (1) , Island Acres
<br />Number Eleven (11); thence Northerly parallel to the East line of Lot One (1),
<br />Island Acres Number Eleven (11), a distance of One Hundred Fifty 'Two and Three
<br />Hundredths (152.03) feet; thence Easterly parallel to the south line of Lot One
<br />(1), Island Acres Nunber Eleven (11) a distance of Thirty Two (32) feet; thence
<br />southerly along and upon the East Line of Lot One (1) , island Acres Number Eleven
<br />(11), a distance of one Hundred Fifty Two and Three Hundredths (152.03) feet,
<br />to the point of beginning.
<br />together with all the tenements. hercditameets and appurtenances ncCeeunt•i helongutg, Including attached floor cavenngs. all window screens,
<br />window shades, blinds, storm windows, awnings, healing. au conddtoning, and pdunibm'a and water equipment and accessories thereto, pumps, stoves,
<br />refrigerators. and other lixitues and equipment now or hercattcr attached to or used tit connection with said real estate.
<br />And whereas the said mortgagor has agreed and dye, hereby agree that tnc mortgagor shall and will pay all taxes and assessments levied or �
<br />�s
<br />assessed upon said premises and upon this mortgage and the bond .secured therein hc!:,re Ille same shall become delinquent; to furnish approved
<br />insurance upon the buildings on said prep, sc. auated In the sma of 5 90, 000.00 pad ahle m ,aid ASSOCIATION and to deliver to said
<br />ASSOCIATION the policies for said insurance. and nut to commit or permit any waste on r,r about Bard premises, -
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<br />fformance of anv lid the terms and conditions of this moil gage or the bond secured hereby. the mutt ee shall,
<br />In case of default in the Pe gag' gag
<br />on demand, be entitled to immediate rr sussrcm of the nurtgaged premises and the m\•rteagor hereby assigns, transfers and sets over to the
<br />mortgagee all the rents. revenues and income to be derived from the ruorte,aaed premises during such time as the mortgage indebtedness shall remain
<br />unpaid. and the mortgagee ,hall have the mer to app any : env or ige i, it may '"lie nor the purpose of repairing said remmes and renting
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