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M N � N G p cT N� CK) CG MORTGAGE EXTENSION AGREEMENT AGREEMENT made October 26, 2001, between BARRY W. NIEDFELT and JoLYNN NIEDFELT, Husband and Wife, of Grand Island, Hall County, Nebraska, herein referred to as "MORTGAGORS", and NORMAN B. BAHR, of Grand Island, Hall County, Nebraska, herein referred to as "MORTGAGEE ". THE PARTIES RECITE AND DECLARE THAT: a. MORTGAGEE is the owner and holder of a certain Promissory Note, made by MORTGAGORS to MORTGAGEE, dated December 29, 1982, and secured by a Mortgage bearing the same date as said Promissory Note, and recorded in the Office of the Register of Deeds of Hall County, Nebraska, on January 6, 1983, as Document #83- 000115, which Mortgage is now a lien on premises located in the City of Grand Island, Hall County, Nebraska, known as 1015 East Oklahoma Street, Grand Island, Nebraska, 68801; said premises further described in such Mortgage as follows: Lot Four (4) in Block Three (3) in Valley View Subdivision, in the East Half of the Northeast Quarter (El /2 NE1 /4) of Section Twenty -two (22), Township Eleven (11) North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska; and on which there is now due the principal sum of THIRTY -SIX THOUSAND FOUR HUNDRED NINETY -ONE DOLLARS SEVENTEEN CENTS ($36,491.17). b. MORTGAGEE is also the owner and holder of an Extension Agreement made by MORTGAGORS to MORTGAGEE, dated October 26, 2001, on which Note and Extension Agreement, there is now due the principal sum of THIRTY -SIX THOUSAND FOUR HUNDRED NINETY -ONE DOLLARS SEVENTEEN CENTS ($36,491.17). C. MORTGAGEE is also the owner and holder of the Mortgage referred to above. d. MORTGAGORS are now the owners in fee simple of the above - described premises and affirm liability for payment of all of the above - described mortgage debt. e. The parties hereto wish to consolidate and combine the above - described Mortgage with this Mortgage Extension Agreement, so that they shall form a single lien of THIRTY -SIX THOUSAND FOUR HUNDRED NINETY -ONE DOLLARS SEVENTEEN CENTS ($36,491.17) on the above - mentioned premises, and to extend the time of payment of the principal indebtedness secured by the Note and Extension Agreement and Mortgage as provided herein. FOR THE REASONS SET FORTH ABOVE AND IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES OF THE PARTIES HERETO, AND OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT OF WHICH IS HEREBY ACKNOWLEDGED, MORTGAGORS AND MORTGAGEE AGREE AS FOLLOWS: I. Nothing in this Agreement shall change or affect in any way the conditions and stipulations of the Promissory Notes and Mortgage above - described and referred to, except as herein stated, and such Note and Extension Agreement and Mortgage are hereby ratified and confirmed. ;Aa B ! > 7c rr V `. p tm� o c D 0 C1y \ p M C r*1 O . O O T7 O n rn M J A co !-- + co CJl A ?� W cc -„ W MORTGAGE EXTENSION AGREEMENT AGREEMENT made October 26, 2001, between BARRY W. NIEDFELT and JoLYNN NIEDFELT, Husband and Wife, of Grand Island, Hall County, Nebraska, herein referred to as "MORTGAGORS", and NORMAN B. BAHR, of Grand Island, Hall County, Nebraska, herein referred to as "MORTGAGEE ". THE PARTIES RECITE AND DECLARE THAT: a. MORTGAGEE is the owner and holder of a certain Promissory Note, made by MORTGAGORS to MORTGAGEE, dated December 29, 1982, and secured by a Mortgage bearing the same date as said Promissory Note, and recorded in the Office of the Register of Deeds of Hall County, Nebraska, on January 6, 1983, as Document #83- 000115, which Mortgage is now a lien on premises located in the City of Grand Island, Hall County, Nebraska, known as 1015 East Oklahoma Street, Grand Island, Nebraska, 68801; said premises further described in such Mortgage as follows: Lot Four (4) in Block Three (3) in Valley View Subdivision, in the East Half of the Northeast Quarter (El /2 NE1 /4) of Section Twenty -two (22), Township Eleven (11) North, Range Nine (9), West of the 6th P.M., Hall County, Nebraska; and on which there is now due the principal sum of THIRTY -SIX THOUSAND FOUR HUNDRED NINETY -ONE DOLLARS SEVENTEEN CENTS ($36,491.17). b. MORTGAGEE is also the owner and holder of an Extension Agreement made by MORTGAGORS to MORTGAGEE, dated October 26, 2001, on which Note and Extension Agreement, there is now due the principal sum of THIRTY -SIX THOUSAND FOUR HUNDRED NINETY -ONE DOLLARS SEVENTEEN CENTS ($36,491.17). C. MORTGAGEE is also the owner and holder of the Mortgage referred to above. d. MORTGAGORS are now the owners in fee simple of the above - described premises and affirm liability for payment of all of the above - described mortgage debt. e. The parties hereto wish to consolidate and combine the above - described Mortgage with this Mortgage Extension Agreement, so that they shall form a single lien of THIRTY -SIX THOUSAND FOUR HUNDRED NINETY -ONE DOLLARS SEVENTEEN CENTS ($36,491.17) on the above - mentioned premises, and to extend the time of payment of the principal indebtedness secured by the Note and Extension Agreement and Mortgage as provided herein. FOR THE REASONS SET FORTH ABOVE AND IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES OF THE PARTIES HERETO, AND OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT OF WHICH IS HEREBY ACKNOWLEDGED, MORTGAGORS AND MORTGAGEE AGREE AS FOLLOWS: I. Nothing in this Agreement shall change or affect in any way the conditions and stipulations of the Promissory Notes and Mortgage above - described and referred to, except as herein stated, and such Note and Extension Agreement and Mortgage are hereby ratified and confirmed.