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<br /> � ; EXTENSION AGREEMENT
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<br /> ; Th's Ag reemen t mad e a nd execu ted th is i d ay of
<br /> ' j � , 1990, by and between ISABEL ARTIN McLAUGHLIN,
<br /> M M RTIN MCLAUGHLIN, ISABEL McLAUGHLIN BAYARD, ROSANI�
<br /> ' McLAUGHLTN MOREY and PHILIP M. MARTIN, hereinaft�r referred �o as
<br /> "Lender" , and MERCHANTS DEVELOFMENT CO. , a Partnership herein-
<br /> , after referred to as "Borr�wer".
<br /> ! kjITNESSETH:
<br /> WHEREAS, 8orrower has previe�e�51y executed and delivered unto
<br /> � Lender a certain Note secured by a blortgage upon that real estate
<br /> ; described as :
<br /> ' Lot F ive (5) and the Westerly One-Th ird (Wlt 3) of Lot
<br /> � Six (6) , in Block �ifty-Seven (57�, in Oriqina� Town,
<br /> ,�ow City, of Grand Is�and, Hall County, Nebraska. . �.
<br /> whicl� �lortgage was dated December 9, 1980, and fi led for record �
<br /> in the Of f ice of the Regi�ter of Qeeds of Hall C��anty, Nebraska , � - =
<br /> as Document �lo. 80-007191 ; � �� -
<br /> WHEREAS� such Mortgage had a stated maturit�v date of �-
<br /> r �..►,..._ � -
<br /> � =rsutuaiy I� i��v; _
<br /> WHEREAS, Lender and Horrower have mutually agreed to renew,
<br /> � modify and extend the indeb�edness secured by such Mortgage, �
<br /> � �IOW, THEREFORE, in cansideration of such rer��wal , modifica-
<br /> tion anci ext�nsion. the parties hereto give nvtice in accvrd with
<br /> Nab.Rev.Stat. 76-239 of the continued ef�ectiveness of the Deed
<br /> o Trust a ove descr ibed in the fol lowing respects:
<br /> � l. MATURITY DATB. The stated maturity o� [f-�e above-
<br /> . described Deed of Trust is Izereby extended to Jane.aary 1 , 1993 . � -=�--�
<br /> � ��..��-
<br /> � 2. MODIFICATION OE PAYMENT PROVISIONS. Suras payable sha1Z � ''�'��
<br /> be modi£ied to rovide for monthl '� �
<br /> P � payments in the amount af
<br /> Thre� Hundred Eighty-Five and No�IaO Dollars (�385.00) each with
<br /> a final bal�.c�on Qayment of all remaininq principal indebtedness, ��
<br /> together with accrued interest thereon, on January 1, 1993.
<br /> 3. CONTIIVUED EF�'ECTIVENES&. Except as s�ec�fically modi-
<br /> fied by this Extension Agreement, all other terms+ covenants and
<br /> ' conditions containetl in the above-described Doed of Trust shall
<br /> retrtain in €uIl force and effect as security for the rema,ining
<br /> � i�deG�edne�� concurrentiy hetewith extended.
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