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<br />88-.. 100699
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<br />EXTENSION AGREEMENT
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<br />UNITED MISSOURI BANK OF KANSAS CITY, N.A.
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<br />First Mortgage Loan
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<br />THIS INDENTURE, made and entered into this Is t day of February ,1988, by and between
<br />UNITED MISSOURI BANK OF KANSAS CITY, N.A. SUCCESSOR TRUSTEE UNDER AGREEMENT WITH
<br />FREDERICK FOERSOILER , .
<br />of Jackson County, State of Missourl , hereinafter referred to
<br />as party of the first part, and United Missouri Bank of Kansas City, N .A" party of the second part,
<br />WITNESSETH: That whereas FRED J. FDERSCHLER a'1d FRANCES G. FOERSCHLER
<br />of Clay County, State of Missouri ,executed and delivered a certain promissory
<br />note for the sum of SEVENTY-EIGHT THOUSAND AND 00/100 - - - - - - - - - OOLLARS
<br />
<br />elated the 30thlayof October , A.D. 1979, payable to the order of UNITED MISSOURI BANK OF
<br />KANSAS CITY, N .A. on the 1st day of February , 1985 , with interest at 11!.:i per
<br />cent pet annum, payable monthly . and previously extended to the 1st day of February , l!l 88,
<br />which note is secured by a certain deed of trust or mortgage executed by FRED J. FDERSCHLER and
<br />FRANCES G. FDERSCHLER ,upon certain real estate
<br />described as follows:
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<br />Lot Four (4), Argo Fifth Subdivision, an Addition to AIda, Nebraska.
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<br />Hall County, State of Nebraska , date the 30th day of October , A.D. 1979 , nnd recorded
<br />as Document No. 79-007308 in Book at Page in the lU.'Corder's office of said County at
<br />Grand Island, Nebraska and is now unpaid and unsatisfied to the amount of $ 36,509.25
<br />AND WHEREAS, First Party is now the owner of the real estate covered by the said deed of trust or mortgnge, nnd
<br />note secured thereby which first party hereby assumes and agrees to pay,
<br />AND WHEREAS, the said First Party desires to renew said note and deed of trust or mortgnge aR hereinafter stnted.
<br />NOW, THEREFORE, in consideration of the extension of the time of pnyment of principal sum, but subject to nil the conditions
<br />and provisions in said original note and deed of trust or mortgage contained, the undersigned hereby ngrccs with snid second
<br />party and its successors and assigns:
<br />1. To pay in lawful money of the United StateE of America the principal sum of lliIRTY-SIX THOUSAND FIVE
<br />HUNDRED NINE AND 25/100 - - - - - - - - - OOLLARS as evidenced by said note ns follows:
<br />The said principal and interest shall be payable in 50 successive monthly install-
<br />rrents including interest at 10~% due and payable on the first day of each calendar
<br />month carmencing on the first day of March, 1988, the first 49 of said instalJments
<br />being in the Slnn of $911.20 each and the last instalJment which shall be due on the
<br />first day of April 1992 being in the full annunt of the then remaining Slnn of princi-
<br />pal and interest.
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<br />Each payment shall be applied first to the payrrent of interest and then principal.
<br />If any installrrent of principal and interest is not paid within 15 days of the due
<br />date, the undersigned agrees to pay a late payment charge of 5% of such unpaid
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<br />Privilege is herewith granted to prepay the principal in part or in full on any date
<br />without penalty.
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<br />2. That the lien of the original deed of trust or mortgage and the covenante and agreemente therein, and in the note secured
<br />thereby, shall be and remain in full force and effect, subject to all the conditions and provisions in said original note and deed of
<br />trust or mortgage contained. First party hereby assumes and agrees to be bound by and to perfonn all the coven ante and agreemente
<br />contained in said note and deed of trust or mortgage to be perfonned by the makers thereof, at the times and in the manner therein
<br />s~ed, except as expressly modified and/or extended herein.
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<br />3. That in case of default in the payment of any part ohaid principal orinterest when due, or in case ofths breach of any of the
<br />coven ante contained in said deed of trust or mortgage or said principal note or in this agreement, then in such case said principal
<br />and interest shall draw interest at per cent per annum and the legal holder of said note may, at the option of such holder, at
<br />any time thereafter, declare the whole of said principal sum and the interest thereon at once due and payable, without notice to the
<br />undersigned and the said deed of trust or mortgage may then be at once foreclosed the same as if said indebtedness had matured by
<br />express tenns; or the legal holder may elect to proceed in the collection thereof at law or in equity. Any and all righte or remedies given
<br />or conferred by this instrument, said note, said deed of trust or mortgage or by law shall be cumulative and not exclusive.
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<br />IN WITNESS WHEREOF UNITED MISSOURI BANK [KANSAS CITY. N.'A.' 'SU,CCESSOR TRUSTEE
<br />
<br />UNDER AGREEMENT WIlli FREDERICK FOERSCHLER . ",d',:L
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<br />ha S hereunto set its hand and seal an the &lcond\~ y .h~~ ~~ th,lli' ins.trument to be signed
<br />by its Senior Vice-President and its corporate seal to be hereunto affixed. "'\.1 ..'.~'. ..... .
<br />In presence of: ATrEs'f:\ .., ' .
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<br />UNITED MISSOURI BANK OF KANSAS CITY, N.A. l .
<br />
<br />SOCCESSOR TRUSTEE UNDER AGREEMENT WITH
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