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EXTENSION AGREEMENT
<br />THIS EXTENSION AGREEMENT made and executed this 17th day of August ,
<br />2001 , by and between HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />GRAND ISLAND, hereinafter referred to as "Lender ", and J.A.A. Real Estate, L.L.C. , s
<br />hereinafter referred to as "Borrower ".
<br />WITNESSETH:
<br />WHEREAS, Borrower has previously executed and delivered unto Lender a certain Loan
<br />Modification and Assumption Agreement with Release, secured by a Deed of Trust/Mortgage
<br />upon that real estate described as:
<br />BLOCKS ONE (1) AND TWO (2), BELLWOOD SUBDIVISION, CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, TOGETHER WITH A PERMANENT AND
<br />PERPETUAL EASEMENT AND RIGHT -OF -WAY TO OPERATE, CONSTRUCT,
<br />MAINTAIN, EXTEND, REPAIR, REMOVE AND REPLACE A SANITARY SEWER
<br />LINE, MANHOLES, SURFACE MARKERS AND OTHER APPURTENANCES
<br />UPON, OVER, IN AND THROUGH A TRACT OF LAND MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: THE NORTH 16 FEET OF THE WEST 130 FEET OF
<br />LOT 1 AND THE NORTH 8 FEET OF THE EAST 143 FEET OF THE WEST '273
<br />FEET OF LOT 1, ALL IN BURCH SUBDIVISION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, TOGETHER WITH THE RIGHTS OF
<br />UNRESTRICTED INGRESS AND EGRESS UNDER, THROUGH AND ACROSS
<br />THE EASEMENT AREA HEREIN DEFINED FOR THE PURPOSE OF EXERCISING
<br />THE RIGHTS HEREIN GRANTED, INCLUDING THE RIGHT TO CLEAR AND
<br />KEEP CLEAR OF TREES, ROOTS, BRUSH AND OTHER OBSTRUCTIONS FROM
<br />THE SURFACE OF SUCH EASEMENT AREA.
<br />LOTS ONE (1), TWO (2), THREE (3), FOUR (4) AND FIVE (5), INCLUSIVE,
<br />REED'S SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, TOGETHER WITH ALL OF THE RIGHTS AND PRIVILEGES
<br />GRANTED UNDER ONE CERTAIN LICENSE AND EASEMENT AGREEMENT
<br />RECORDED IN THE OFFICE OF THE REGISTER OF DEEDS OFFICE FOR HALL
<br />COUNTY, NEBRASKA, ON APRIL 13, 1972 IN BOOK 23, MISCELLANEOUS
<br />RECORDS, AT PAGE 29.
<br />which Deed of Trust/Mortgage was dated April 9, 1987, and filed for record on
<br />April 9, 1987 , in the office of the Register of Deeds of Hall County, Nebraska, as
<br />Document No. 87-101959:
<br />WHEREAS, such Deed of Trust/Mortgage had a stated maturity date of May 1, 2012:
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<br />EXTENSION AGREEMENT
<br />THIS EXTENSION AGREEMENT made and executed this 17th day of August ,
<br />2001 , by and between HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />GRAND ISLAND, hereinafter referred to as "Lender ", and J.A.A. Real Estate, L.L.C. , s
<br />hereinafter referred to as "Borrower ".
<br />WITNESSETH:
<br />WHEREAS, Borrower has previously executed and delivered unto Lender a certain Loan
<br />Modification and Assumption Agreement with Release, secured by a Deed of Trust/Mortgage
<br />upon that real estate described as:
<br />BLOCKS ONE (1) AND TWO (2), BELLWOOD SUBDIVISION, CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, TOGETHER WITH A PERMANENT AND
<br />PERPETUAL EASEMENT AND RIGHT -OF -WAY TO OPERATE, CONSTRUCT,
<br />MAINTAIN, EXTEND, REPAIR, REMOVE AND REPLACE A SANITARY SEWER
<br />LINE, MANHOLES, SURFACE MARKERS AND OTHER APPURTENANCES
<br />UPON, OVER, IN AND THROUGH A TRACT OF LAND MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: THE NORTH 16 FEET OF THE WEST 130 FEET OF
<br />LOT 1 AND THE NORTH 8 FEET OF THE EAST 143 FEET OF THE WEST '273
<br />FEET OF LOT 1, ALL IN BURCH SUBDIVISION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA, TOGETHER WITH THE RIGHTS OF
<br />UNRESTRICTED INGRESS AND EGRESS UNDER, THROUGH AND ACROSS
<br />THE EASEMENT AREA HEREIN DEFINED FOR THE PURPOSE OF EXERCISING
<br />THE RIGHTS HEREIN GRANTED, INCLUDING THE RIGHT TO CLEAR AND
<br />KEEP CLEAR OF TREES, ROOTS, BRUSH AND OTHER OBSTRUCTIONS FROM
<br />THE SURFACE OF SUCH EASEMENT AREA.
<br />LOTS ONE (1), TWO (2), THREE (3), FOUR (4) AND FIVE (5), INCLUSIVE,
<br />REED'S SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA, TOGETHER WITH ALL OF THE RIGHTS AND PRIVILEGES
<br />GRANTED UNDER ONE CERTAIN LICENSE AND EASEMENT AGREEMENT
<br />RECORDED IN THE OFFICE OF THE REGISTER OF DEEDS OFFICE FOR HALL
<br />COUNTY, NEBRASKA, ON APRIL 13, 1972 IN BOOK 23, MISCELLANEOUS
<br />RECORDS, AT PAGE 29.
<br />which Deed of Trust/Mortgage was dated April 9, 1987, and filed for record on
<br />April 9, 1987 , in the office of the Register of Deeds of Hall County, Nebraska, as
<br />Document No. 87-101959:
<br />WHEREAS, such Deed of Trust/Mortgage had a stated maturity date of May 1, 2012:
<br />
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