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202401647
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4/16/2024 3:51:45 PM
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4/16/2024 3:51:44 PM
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202401647
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L179 6017Z0Z <br />13V211S8V •I.9 <br />CASH(752) <br />CHEW <br />REFUNDS: <br />CASH <br />CHECK <br />RECORDED <br />HALL COUNTY NE <br />INST 2024 0 b Li 1 2014 APR i b P 3: 14 <br />MIST' WOLD <br />REGISTER OF DEEDS <br />WHEN RECORDED, PLEASE RETURN TO: <br />Mortgage Loan Department <br />First National Bank of Omaha <br />Third Floor, First National Plaza <br />11404 West Dodge Road <br />Omaha, Nebraska 68154 <br />SEVENTH MORTGAGE LOAN EXTENSION AND MODIFICATION AGREEMENT <br />(Grand Island JV Construction) <br />THIS SEVENTH MORTGAGE LOAN EXTENSION AND MODIFICATION AGREEMENT <br />(this "Agreement") is made effective March 31, 2024, by and between GRAND ISLAND JOINT <br />VENTURE, LLC, a Missouri limited liability company ("Borrower"), and FIRST NATIONAL BANK <br />OF OMAHA, a national banking association ("Lender"). <br />Preliminary Matters <br />1. Original Loan. On or about the 31st day of March, 2015, Borrower secured a loan from <br />Lender in the original amount of Twelve Million Five Hundred Thousand and 00/100 Dollars <br />($12,500,000.00) (the "Loan"), as evidenced by Borrower's Promissory Note to Lender dated March 31, <br />2015, in the amount of $12,500,000.00 (the "Original Promissory Note") and secured by a Deed of Trust, <br />Security Agreement and Assignment of Rents, as hereinafter described, on the real estate in Hall County, <br />Nebraska, as legally described on Exhibit "A" attached hereto (the "Mortgaged Property"). The Loan <br />was modified by a Loan Modification Agreement dated October 21, 2015, by Second Loan Modification <br />Agreement dated March 7, 2016, by a Third Mortgage Loan Extension and Modification Agreement <br />dated November 21, 2016 (the "Third Modification Agreement") and Modified Promissory Note dated <br />November 21, 2016 in the amount of Twelve Million Ninety Three Thousand Eight Hundred Ninety <br />Three and 10/100 Dollars ($12,093,893.10) (the "First Modified Note") and was further modified by a <br />Fourth Mortgage Loan Extension and Modification Agreement dated April 1, 2018 (the "Fourth <br />Modification Agreement") and Second Modified Promissory Note dated April 1, 2018 in the amount of <br />$12,093,893.10 (the "Second Modified Note"), and was further modified by Fifth Mortgage Loan <br />Extension and Modification Agreement dated May 31, 2019 (the "Fifth Modification Agreement") and <br />Third Modified Note dated May 31, 2019 in the amount of Eleven Million Eight Hundred Seventy Four <br />Thousand Eighty and 95/100 Dollars ($11,874,080.95) (the "Third Modified Note"), and by a Credit <br />Relief Agreement dated effective April 1, 2020, and was further modified by a Sixth Mortgage Loan <br />Extension and Modification Agreement dated March 31, 2021 (the "Sixth Modification Agreement"). <br />Lender and Borrower have agreed to extend the term of the Loan provided certain conditions are satisfied <br />and effect certain other modifications of the Loan. The parties agree that the unpaid principal balance <br />presently advanced and outstanding on the Loan and Third Modified Note after the Principal Paydown <br />(defined below) is the sum of $8,635,000.00 as of the date hereof. Terms used in this Agreement with an <br />
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