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Preliminary Matters THIRD MORTGAGE LOAN EXTENSION AND MODIFICATION AGREEMENT (Grand Island JV Construction) i. Building Loan Agreement by and between Borrower and Lender; THIS THIRD MORTGAGE LOAN EXTENSION AND MODIFICATION AGREEMENT (this "Agreement ") is made effective November , 2016, by and between GRAND ISLAND JOINT VENTURE, LLC, a Missouri limited liability company ( "Borrower "), and FIRST NATIONAL BANK OF OMAHA, a national banking association ( "Lender "). Original Loan. On or about the 31st day of March, 2015, Borrower secured a loan from Lender in the original amount of Twelve Million Five Hundred Thousand and 00 /100 Dollars ($12,500,000.00) (the "Loan "), as evidenced by Borrower's Promissory Note to Lender dated March 31, 2015, in the amount of $12,500,000.00 (the "Original Promissory Note ") and secured by a Deed of Trust, Security Agreement and Assignment of Rents, as hereinafter described, on the real estate in Hall County, Nebraska, as legally described on Exhibit "A" attached hereto (the "Mortgaged Property"). The Loan was modified by a Loan Modification Agreement dated October 21, 2015 and was further modified by a Second Loan Modification Agreement dated March 7, 2016. Lender and Borrower have agreed to extend the term of the Loan and effect certain other modifications of the Loan. The parties agree that the unpaid principal balance presently advanced and outstanding on the Loan and Original Promissory Note is the sum of $12,093,893.10 as of the date hereof. Loan Documents. The obligations of Borrower in connection with the Loan, as amended, are evidenced, secured and/or guaranteed by documents and agreements executed contemporaneously with the Original Promissory Note which, as amended and modified by the First Modification Agreement, the Second Modification Agreement and this Agreement, are hereinafter referred to as the "Loan Documents ", that include the following: ii. Deed of Trust, Security Agreement and Assignment of Rents from Borrower to Lender recorded with the Hall County, Nebraska Register of Deeds, Mortgage Records, on April 3, 2015, as Instrument No. 201502075 (the "Deed of Trust "); iii. Assignment of Rents and Leases from Borrower to Lender recorded with the Hall County, Nebraska Register of Deeds, Miscellaneous Records on April 3, 2015, as Instrument No. 201502076; WHEN RECORDED, PLEASE RETURN TO: Mortgage Loan Department First National Bank of Omaha Third Floor, First National Plaza 11404 West Dodge Road Omaha, Nebraska 68154 1'T7 fTl r■.) CD 1---4 co —I c , ) m c: C C.)