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<br />EXTENsION AND MODIFICATION AGREEMENT
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<br />10'{366
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<br />87-
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<br />WHEREAS. on December 24, 1984, Theodore D. Snyder, A Single Person and Dallas M.Snyder,
<br />A Slllyl~ Ilel~on
<br />borrowed from KEARNEY STATE BANK AND TRUST COMPANY, KEARNEY, NEBRASKA, the principal sum of
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<br />NINE THOUSAND ONE HUNDRED FORTY SIX AND 91/100---------.------00llars:($ 9,146.91
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<br />and gave to said Bank a promissory note which provided for payment to be made as follows:
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<br />$ 9,146.91 on the 1st day of January ,
<br />198b, on which day the remaining amount of principal of
<br />this note, unless sooner paid, shall become due and payable
<br />interest upon said principal sum or the part. thereof
<br />remaining unpaid, to be computed from the date hereof at
<br />the rate of 14.5 per cent per annum, payable monthly on
<br />~he ,first day of each month from date hereof;
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<br />and,
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<br />WHEREAS, said note is secured by a first mortgage on real estate owned by
<br />Theodore D. Snyder, A Single Person and Dallas I~. Snyder, A Sin~le Person
<br />and legally described as:
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<br />See Deed of Trust dated 12-24-84 for legal Description
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<br />I Deed of Trust
<br />Said mortgage being dat<:?d gecemher 1'4. 19R4> and reocol"deoc1 on Roll ~. no Pa9~ 006738
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<br />in the Mortgage Records of the Office of the Register of Deed of Hall
<br />Nebraska ; and
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<br />County
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<br />WHEREAS, the principal balance due on said obligation on the date hereof is
<br />8,138.27 , and said borrower has requested an extension of time of payment until
<br />August 1, 1993 , and has agreed to pay the interest rate of 12.~ per cent per
<br />annum on the unpaid balance, and said bank has consented to so extend the time of payment;
<br />NOW, THEREFORE, IT IS AGREED by and between the parties that the above described
<br />mortgage and original promissory note shall be modified to p)~vide for payment to be made
<br />as follows:
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<br />$ ~ l1R 77 on the ~ day of August ,
<br />19 9,: on which day the remaining amount of principal of this
<br />note, unless sooner paid shall become due and payable, interest
<br />upon said principal sum. or the part thereof remaining unpaid,
<br />to be computed from December 16. 1987 to date of maturity
<br />at the rate of ~ per cent per annum, payable as agreed.
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<br />Interest upon said principal sum, or the part thereof remaining
<br />unpaid, to be computed from date of maturity at a rate of
<br />1~ 75 per cent per annum until principal and interest is
<br />pa d in full.
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<br />**Customer agrees to pay $168.09 per month beginning January 1, 1988.
<br />until paid in full.**
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