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<br />MERCHANTS DEVELOPMENT CO„ II, .A PARTNERSHIP
<br />EXTENSION. AGREEMENT .' *1008"
<br />In conAideration of the extension of the time of payment of the original
<br />promissory note hereinafter described, the undersigned Merchants Development
<br />Co., II, A Partnership, hereby covenant and agree to pay to Norwest Bank
<br />Nebraska, National Association, formerly Norwest .Bank Grand Island, National
<br />Association, formerly The First National Bank of Grand Island, or order, the
<br />principal sum of NINETY -TWO THOUSAND THREE HUNDRED THIRTY EIGHT AND .83/100
<br />( ;92,338.83), together with interest thereon at 11.75 per cent per Annum from
<br />the date hereo €, such sum to be payable on February 15, 1990 *. Interest shall
<br />be. payable at maturity on February 15, 1990 *. *1g monthly. 4;=*Alkaents of
<br />$1,094.22 beginn1v4,- 3- 15 -89.; . final installment Z =T x-90, tar ? r ,':: j 2 + ent of
<br />$89,938.02...due 2 1 9f1:.:....TIi original principal,. i7.gt e,' in th&1','r tint of ONE
<br />HUNDRED THOUSAND A ::K' 0/`b01 Yi. ;' . ($100,000.00) was dxacyj zed and A livered by the
<br />undersigned under. die d t:r - -_ OY September. 19, 1983, 6`1: . The First National Bank of
<br />Grand Island, Grad�ii. r �ti3;,,.:iVebraska, and was due arid�:lsayable on the 15th day of
<br />October, 1985; toge'a h-ir- -wt. M-.,- interest at 11.75.. per cent per annum and secured €sy:
<br />Real Estate _`:iiarrtgage::tti <: First National Back of Grand Island, Grand Island";.''
<br />Nebraska, -ret orded as 11agdintat #83-005442 6 ,#84- 000016_:. in the Mortgage Records
<br />of Hall Coustty,r
<br />The undersi 'a'gre'es to'. pay such extended balance of pritrc. *�rsl of NINETY- 'Y'G,Q'
<br />THOUSAND THREE HUNDRED THATY EIGHT AND .83/100, ($92,334,'j` together wiitfi
<br />Interest thereon at 11.75 percent per annum, such principal and interest to hi=.;,'::
<br />payable in lawful money of the United States of America at Norwest Bank -:1
<br />Nebraska, National Association at Grand Island, Nebraska.
<br />All of the covenants and <agiieements in such original note and the Real Estate
<br />Mortgage above - described,'• 4t*er than hereinbefore modified, still be and remain
<br />unchanged and in fa. l liarora `and effect during such: extended period. "Li : default
<br />be made in payment of, amy.` 9-, incipal sum, the,: flti� ji7 Iiwipal sum with' interest
<br />thereon shall become invo- iftately due and p4. ab.'w at 't:ie election of the legal'.
<br />holder thereof.
<br />In further considerrait(n 'of such extension of -rinse of payment of such
<br />Indebtedness, I hereby rati:t5'y and confirm such mortgagee- recorded as 4183- 005442 &
<br />4184- 000016 in the Real Estu3L•e Mortgage records of Hall County, Nebraska, as the
<br />first mortgage lien upon tl�+; real property described therein, and the whole or
<br />the title thereto as now owned by me.
<br />The undersigned esecutes this Extension Agreement with referdvre to and on tht?:
<br />faith and credit of their property, which they now own: or have'an interest in a� '
<br />hereafter &'aj',acquire; the express intention being to charge and to continue to
<br />charge any ,and: ,a3' of such property with the payment., of the indebtedness, the
<br />payment of �W!ch, .is, herein extended.
<br />IN WITNE . ViRC -REOF, the
<br />day of ZL ; "Ltr -us
<br />J
<br />John lt<i, Miller. Indiv
<br />onald Willm Ind
<br />By:
<br />v
<br />undersigned have hereunte'set:. their hands this �>>
<br />1989.
<br />By.-
<br />h.R Miller, Partner}
<br />By :__14
<br />R.
<br />STATE OF NEBRASKA)'
<br />COUNTY OF HALL )
<br />On this -?1" day of 1989, before me the u ndcraigned a
<br />Notary Public* in and for Hall Count
<br />, personally came John R. Miller, 9N=kdt
<br />and R.E. Stephens, personally known to be to be the identical persons
<br />L whose nacres are affixed to the above and foregoing Extension Agreement as
<br />makers, and they acknowledged said instrument and the execution thereof to be
<br />their voluntary act and deed for the purpose therein expressed.
<br />IN TESTIMONY UFREREOF. I have hereunto affixed qty hand and offfciat seal at
<br />Grand Island, Nebraska, on the day and year last abcr ✓e-- crritten. 1W
<br />IreL. CAM/sN" Notary PtihS 3 -
<br />% fa! Sit 4 ae
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