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<br />This EXTENSION AGREEMENT made and executed this J� day of May, 2004, by and
<br />between HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,
<br />hereinafter referred to as "Lender ", and
<br />Shafer Properties, LLC
<br />hereinafter referred to as "Borrower ".
<br />WITNESSETH:
<br />WHEREAS, borrower has previously executed and delivered unto Lender a certain Note
<br />secured by a Deed of Trust/Mortgage upon that real estate described as:
<br />Lot Six (6), Westwood Park Sixth Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska
<br />which Deed of Trust/Mortgage was dated March 6, 2002, and filed for record on March 7, 2002 in
<br />the office of the HALL COUNTY REGISTER OF DEEDS OF HALL COUNTY, NEBRASKA as
<br />Instrument Number 0200202553 and was extended on June 16, 2003 and recorded on October 23,
<br />2003 in the office of the HALL COUNTY REGISTER OF DEEDS OF HALL COUNTY,
<br />NEBRASKA as Instrument Number 0200314051
<br />WHEREAS, such Deed of Trust/Mortgage had a stated maturity date of March 1, 2005.
<br />WHEREAS, Lender and Borrower have mutually agreed to renew and extend the
<br />indebtedness secured by such Deed of Trust/Mortgage,
<br />NOW, THEREFORE, in consideration of such renewal and extension, the parties hereto give
<br />notice in accord with NEB. REV. STAT. SS 76 -239 of the continued effectiveness of the Deed of
<br />Trust/Mortgage above described in the following respects:
<br />1. MATURITY DATE. The stated maturity of the above - described Deed of Trust/Mortgage
<br />is hereby extended to June 1, 2010.
<br />2. CONTINUED EFFECTIVENESS. Except as specifically modified by this Extension
<br />Agreement, all other terms, covenants and conditions contained in the above - described
<br />Deed of Trust/Mortgage shall remain in full force and effect as security for the remaining
<br />indebtedness concurrently herewith extended.
<br />IN WITNESS WHEREOF, the undersigned have executed this Extension Agreement on the
<br />date first noted above.
<br />HOME FEDERAL SAVINGS AND LOAN
<br />ASSOCIATION OF GRAND ISLAND
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<br />By: Steve K man, Vice President/Lending
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<br />This EXTENSION AGREEMENT made and executed this J� day of May, 2004, by and
<br />between HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND,
<br />hereinafter referred to as "Lender ", and
<br />Shafer Properties, LLC
<br />hereinafter referred to as "Borrower ".
<br />WITNESSETH:
<br />WHEREAS, borrower has previously executed and delivered unto Lender a certain Note
<br />secured by a Deed of Trust/Mortgage upon that real estate described as:
<br />Lot Six (6), Westwood Park Sixth Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska
<br />which Deed of Trust/Mortgage was dated March 6, 2002, and filed for record on March 7, 2002 in
<br />the office of the HALL COUNTY REGISTER OF DEEDS OF HALL COUNTY, NEBRASKA as
<br />Instrument Number 0200202553 and was extended on June 16, 2003 and recorded on October 23,
<br />2003 in the office of the HALL COUNTY REGISTER OF DEEDS OF HALL COUNTY,
<br />NEBRASKA as Instrument Number 0200314051
<br />WHEREAS, such Deed of Trust/Mortgage had a stated maturity date of March 1, 2005.
<br />WHEREAS, Lender and Borrower have mutually agreed to renew and extend the
<br />indebtedness secured by such Deed of Trust/Mortgage,
<br />NOW, THEREFORE, in consideration of such renewal and extension, the parties hereto give
<br />notice in accord with NEB. REV. STAT. SS 76 -239 of the continued effectiveness of the Deed of
<br />Trust/Mortgage above described in the following respects:
<br />1. MATURITY DATE. The stated maturity of the above - described Deed of Trust/Mortgage
<br />is hereby extended to June 1, 2010.
<br />2. CONTINUED EFFECTIVENESS. Except as specifically modified by this Extension
<br />Agreement, all other terms, covenants and conditions contained in the above - described
<br />Deed of Trust/Mortgage shall remain in full force and effect as security for the remaining
<br />indebtedness concurrently herewith extended.
<br />IN WITNESS WHEREOF, the undersigned have executed this Extension Agreement on the
<br />date first noted above.
<br />HOME FEDERAL SAVINGS AND LOAN
<br />ASSOCIATION OF GRAND ISLAND
<br />z - n.,_
<br />By: Steve K man, Vice President/Lending
<br />
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