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<br /> EXTENSION AGREEMEIQT
<br /> In consideration of the extension of the time of payment of the original promissory � '
<br /> note hereinafter described, the uadersigned, Gerald H. Shultz and Mary Jane Shultz,
<br /> husbaad and wife, hexeby covenants and agrees to pay to The First National Banlc of ",�
<br /> Grand Island, Grand 2sland, Nebraska, or order, the principal sum of TWENTY FIVE ';
<br /> THOUSAND AND NO/l00 DOLLARS ($25,000.00), together with interest thereon at Nine (9A)
<br /> Per Cent per annum from the date hereo£, such sum to be payable on April I0, 1978. '
<br /> Intereat shall be payable at maturity on April 10, 1978. ' ?';
<br /> The original principal note in the amount of Twenty-Five Thousand and no/100 Dollars -
<br /> {$25,000.00), was executed and delivered by the undersigned under the date of
<br /> Auguat 15, 1977, to The First National Bank of Grand Island, Grand Island, Nebraska,
<br /> and.was due and payable on the 13th day of February, 1978, together with interest aL
<br /> 9X per annum and secured by Real Estate Mortgage to The First National Bank of Graad
<br /> Island, Grand Island, Nebraska, recorded as Document �i77-004736 in the Mortgage Records
<br /> of I�all County, Nebraska.
<br /> The undersigned agrees to pay such extended balance of principal of Twenty-Five Thousand
<br /> and no/100 Dollars ($25,000.00), together with interest thereon at nine per cent (9%)
<br /> per annum, such principal and interest to be payable in lawful money of the United States
<br /> of America at The First National Bank of Grand Island, Grand Island, Nebraska.
<br /> All of the covenants and agreements in such original note and the Real Estate Mortgage
<br /> above-described, other than hereinbefore modified, shall be and remain unchanged and in
<br /> fu11 force and ef£ect during such extended period. If default be made in paymeat o£
<br /> any principal sum, the entire pr3ncipal sum with interest thereon, shall immediately t.'
<br /> become due and payable at the election of th e legal holder thereof.
<br /> In further consideration of such extension of time of payment of such indebtedness, I `�;
<br /> hereby :atify and confirm such mortgage recorded as Document 4�77-004736 in Real Estate
<br /> MorLgages records of Hall County, Nebraska, as the first mortgage lien upon the real �: ''
<br /> property described therein, and the whole of the title thereto as now owned by me. , Lk'
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<br /> The undersigned executes this Extension Agreement with reference to an on the £sith �.
<br /> and credit of their property, which they now own or have an interest in or hereafter ,9t
<br /> may acquire; the express intention being to charge and to continue to charge any and
<br /> all of such property with the payment of the indebtedness, the payment of which is
<br /> herein exteaded. ;;
<br /> IN WITNESS WHEREOF, the undersigned have hereunto set their hands this 9th day of �;%�
<br /> February, 1978.
<br /> i
<br /> r
<br />- Ge ald H. Shultz
<br /> • �,
<br /> �'7 �.�,.,:_ ,.�' �
<br /> Mary Jane S ultz( '
<br /> STATE OF NEBRASKA )
<br /> ) SS.
<br /> COUNTY OF HALL )
<br /> On this 4th day of February, 1978, before me the undersigned, a Notary Public,
<br /> in and for Hall County, personally came Gerald Ei. Shultz and Mary Jane Shultz, personally
<br /> lmown to me to be the identical persons whose namea are affixed to the above and foregoing
<br /> Extension Agreement as makers, and they acknowledged said instrument and the execution
<br /> thereof to be their voluntary act and deed for the purpose therein expressed.
<br /> IN TESTIHONY WHEREOF, I have here � f ed my h se 1 at Grand Island,
<br /> �,', �Nebra l , o����year last ab writte � ' `
<br /> ,�. Mrwd ItotiY�aR IMr.�� � � '- �
<br /> t,., MY C�omm1l�lie�O�PMM . _
<br /> �:
<br /> N tary Public '""�
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