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EXTENSION AND /.lODIfICATION AGRECI'lE:111' i;)() t)(.)- 100866 r WHEREAS, on November 3, 1982 , Richard L. DeBacker and Patricia L. DeBacker, husband & wife borrowed from Norwest Bank Nebraska, National Association, fonnerlv NOl:west Bank Grand Islancr; National Association, formerly The First National Bank of Grand Island the pr'incipal sum of Seventeen Thousand Seven Hundred Fif~y i'lnd no/l00t~~----------__-D~~LARS ($17.750.00 ) at~~___% per annum, and gave cO said Bank a promissory no'te which prov~dec1. fOl' payment .to be made as follows: 'IWenty-three (23) consecutive monthly instalL-nents,of $~48.20 inclu::ling principal and interest crnmencing January 1, 1983, and One (1) hnal lnstallment of $17 ,881.49 d~ and payable December 1, 1984. Final installment is a balloon payment and lender wlll consder refinance. and, WHEREAS. said note is secured by a mortgag&/deed of tr'ust Oli real estate owned by Richard L. and patricia L. DeBacker . and legally described as follows: IDt One (1), in Block 'TWo (2), parkbill SuWivision, in the City of Grand Island, Hall County, Nebraska. as Doc. No. 82-004746 & said mortgage/deed of trust being dated November ~ 1982 . and recorded Doc. No. 85-000784 in the Mortgage Records in the Office of the Register of Deeds of Hi'll 1 County. Nebraska, and WHEREAS, said borrower has requested an extension of time of payment until December 1 19 88, and has agreed to pay interest at the rate of 13.25 % per annum on the unpaid balance and said Bank has consented to so extend the time of payment: NOW, THEREFORE IT IS AGP~ED by and between the parties that the above-described mortgage/ deed of trust and original promissory note shall be modified to provide for payment to be as fo1l9'i~l Eleven (11) monthly installments of $203.99 principal and interest due the 1st day of each month carmencing January 1, 1988, and one final installment of $17,482.32 principal and interest due and payable on December 1, 1988. Final install1Pent is a balloon payment and lender may consider refinance. IT IS FURTHER AGREED by and between the parties hereto that all of the terms and conditions of the mortgage/deed of trust and promissory note above-referenced to as extended and amended shall continue in full force and effect except as herein modified. Executed this 9th_day of February · 19~:/~ 1-} 1 C< ~ ~c ~~ -- "} L/ --- STATE OF NEBRASKA . t._ '--~~<.. ~., :_._'.~ ~ .1:-t , Patricia L. DeBacker s.s. COUNTY or Hall On this 9~h day of Februarv . 19~. before me a Notary Public in and for said County personally appeared Richard J". DeBacker and Patricia L. DeBacker, husband and wife to me known to be the person(s) named in and who executed the foregoing instrum~nt and ackno~-' l~dged that ~/they executed the same as ~/their voluntary act and deed. WITNESS my hand and Notarial Seal on the day and year last above written. STATE OF NEBRASKA ) ) s.s. ) ~, U)~i'l ,.~ F ~~uJJQ/W(Hvv~ N TARY PUBLIC J:UMlIOTW-Stata etlll1lrlsU SUW F,l.IIBl,! _ Iy CIIlIl. EIJ. ~ &to 1- ,_._-- My commission expires: COUNTY OF Hi'll 1 1 ,j r ... The foregoing instrument' was ackno~/ledged Defore me this 9th di'\y of February, 19 88, L Y ~itEEl*" 14 DtUQQ I'MP of NORHEST BANK NEBRASKA, NATIONAL ASSOCIATION ~ NebraSKa corporat"on. on behalf of the corporation. ' (~ 1. -. ./----; ~7 ,-./-(Ji-(I!/~"J ..~. "<9/:2//1-$1-7.( My commission expires: NOTARY PUBLIC v'-' URAl. IIlARY.StatJ If MI. PATRICIA R.IAHGIR ., 0aA fJI. JIll t 1alI 10/85