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<br />
<br />88- 100347
<br />
<br />~DIFICATION AND EXTENSION AGP.EEHEl'>l"'r
<br />
<br />JEFFREY R. GAREY and OOBEI A. GAREY, Husband and Wife, herein called the
<br />Debtor, and THE OVERLAND NATIONAL BANK OF GRAND ISLAND, Grand Island, Nebraska,
<br />herein called the Lender, hereby agree as follows:
<br />
<br />
<br />1. Debtor has executed and delivered to Lender a Note dated May 14, 1987
<br />and secured with a Deed of Trust dated April 7, 1987, and recorded on May 20, 1987,
<br />as Document No. 87--102906 in the office of the Register of Deeds, Hall County,
<br />Nebraska, in consideration of a certain Note for $15,000.00, a valid subsisting
<br />obligation of the Debtor, and payment of the remainder of the principal and
<br />accrued interest thereon shall be due according to the terms of the aforementioned
<br />Note, modified and payable in the following manner:
<br />
<br />
<br />A note dated May 14, 1987, on which a principal balance of
<br />$13,010.62 now remains unpaid, will accrue interest from
<br />Dec~r~er 31, 1987 to J~lUau'y 1S, i988 at ~1 interest rate
<br />of Ten and One-Half percent (10.5%). On January 15, 1988,
<br />the interest rate will be changed to Eleven and One-Half
<br />percent (11. 5%) and will accrue at that rate until the
<br />maturity of the loan on January 9, 1989, when the entire
<br />unpaid principal and interest will be fully due and payable.
<br />
<br />2. All other terms and conditions contained in the original Note dated
<br />May 14, 1987 shall remain the same, and this Modification and Extension
<br />Agreement is made a part of the original Note by reference and shall inure to
<br />all successors and assigns and their heirs.
<br />
<br />Dated this 15th day of January. 1988.
<br />
<br />'fA d
<br />)lfbey
<br />~~ff!:JGar~' :HaIL OJ
<br />
<br />THE OVERLAND NATIONAL BANK OF GRAND ISLAND
<br />
<br />By: ~ ~~~
<br />Jerry P. nsen, Vice President
<br />
<br />STATE OF NEBRASKA)
<br />) ss:
<br />COUNTY OF HAIL )
<br />
<br />~,i: MEMO: or;: rJir?/
<br />
<br />,
<br />
<br />~f'~O
<br />
<br />-' Reg. of Deed~
<br />
<br />Before me, a notary public qualified for said county, personally came
<br />Jeffrey R. Garey and Bobbi A. Garey, Husband and Wife, known to me to be the
<br />identical persons who signed the foregoing instrument and acknowledged the
<br />execution thereof to be his and her voluntary act and deed.
<br />
<br />J:-- ......... MI*
<br />REG A. MALCOM
<br />II, Colla &p. JuIr .. ,..
<br />
<br />seal on January 15, 1988.
<br />
<br />,~~
<br />Notary 1 /'-
<br />
<br />Witness my hand and notarial
<br />
<br />
<br />STATE OF ~lillRASKA)
<br />) ss:
<br />COUNTY OF HALL )
<br />
<br />r-
<br />
<br />L
<br />
<br />Before me, a notary public qualified for said county, personally came
<br />Jerry P. Jensen, known to me to be the identical person who signed the foregoing
<br />instrument and acknowledged the execution thereof to be his voluntary act and
<br />deed and the voluntary act and de.ed as an officer of said corporation.
<br />
<br />
<br />_IIMY_" .....
<br />LOll D. HENKI
<br />.... -... 1.1tIl
<br />
<br />on January 15, 1988.
<br />?
<br />
<br />,~{~ ,j), c/J~~
<br />No ary Public
<br />
<br />~
<br />
<br />Witness my hand and notarial seal
<br />
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