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200303034 EXTENSION AGREEMENT FOR PAYMENT OF NOTE - SECURED BY DEED OF TRUST THIS AGREEMENT made in Boelus, Nebraska, by and between the Boelus State Bank, by its President, Russell K. Jensen, party of the first part, and Richard D. Plambeck and Penny J. Plambeck, husband and wife, party of the second part. WHEREAS, the Second Party represents and warrants that they already made, executed and delivered to the First Party a certain promissory note with an unpaid principal balance of Forty -Five Thousand Fifteen Dollars and 57/100 Dollars - - -- ($45,015.57) plus accrued interest, dated February 28, 2000 and payable to the order of the First Party on February 28, 2003. The Second Party further represents and warrants that to secure the payment of the note, with interest as provided, the Second Party duly made, executed, acknowledged and delivered to the First Party a certain deed of trust dated February 28, 2000 FILED 3/1/00 irrevocably grants and conveys to the First Party the following INSTRUMENT # described premises: 200001679 Lot Thirteen (13) and the West Half (W h) of Lot Twelve (12), in Meadow Lane Fourth Subdivision, Hall County, Nebraska. The Second Party further represents and warrants that they are now owner of the above described land in fee simple, subject to the above described deeds of trust, and the First Party is the legal owner and holder of the aforesaid promissory note. The Second Party desires to have the time for the payment of the note and mortgage extended until February 28, 2006 from the date of this agreement. It is mutually agreed that: 1. The First Party will extend the payment of the promissory note until February 28, 2006 from the date of this agreement so long as the Second Party shall pay interest from the date of this agreement at a variable rate of interest of 7.008. Variable interest rate of interest to be 0.258 above Chase Manhattan Prime Lending Rate (4.25% Chase Manhattan Prime Lending Rate + 0,258 with a minimum rate of 7.008 per annum) with a minimum rate of 7.008 per annum, payable in thirty -five monthly installments of $378.02 each beginning March 28, 2003 and monthly thereafter with a balloon payment of $40,790.05 due February 28, 2006. The interest rate is variable on an annual basis from the date of this agreement. All covenants, stipulations and agreements of the note and deeds of trust shall continue in force and effect. The total finance charge is Nine Thousand Five and 16/100 Dollars ($9,005.16).