88101066 - Laserfiche WebLink

Browse

EXTENSION AND ~!ODIfICATION AGRECMI:;II1' 88- 101066 WHEREAS, on AprilS 1 HI 85, Goodwin COlJstruction CQ!!Wany. Inc. borrowed from Norwest Bank Grand-r;land, National Association, now known as Norwest Bank Nebraska, National Association I the principdl sum of Forty-five Thousand and no/100ths-------------=-DOLLARS ($~OO.OO ) at 13.00 % per annum, and gave to said Bank a promissory note which pr'ovided for payment to be made as follows: One payment of principal plus accrued interest due and payable on October 2, 1985. and. WHEREAS. said note is secured by a mortgage/deed of trust Oil real estate owned by Goodwin Constrl~tion Co.. Tnp , and legally described as follows: Lot Sixty-two (62) of Wolfe's Subdivision in the City of Grand Island, Hall County, Nebraska. , As Doc. No's 85-001666, 85-006088, 86-107084 & 86-107141 said mortgage/deed of trust being dated April 5, 19~, and recorded in the Mortgage Records in the Office of the Register of Deeds of Hall County, Nebraska, and WHEREAS. said borrower has requested an extension of time of payment until December 8, 198~ 19 . and has agreed to pay interest at the rate of 11.00 % per annum on the unpaid balance andlSaid Bank has consented to so extend the time of payment: NOW. THEREfORE IT IS AGREED 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 f9J,lQ~L. 11 consecutive monthly payments of $425.00 principal and interest due the first of each month commencing January 8, 1988, and '1 final payment of $39,749.49 principal and interest due and payable on December 8, 1988. Final payment is a balloon 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 ~hall continue in full force and effect except as herein modified. Executed this 3rd day of March 1988 . NO By: ::~d~U~ mes~. Goodwin, President STATE or NEBRASKA ) ) s.s. ) COUNTY or Hall . 1988 . before me a Notary Public in and for said County , and acknow- and year' last above written. My commission expires: 17 .PJ5~4~ 171 ,;(t;u~J ~ OTAR PUBLIC STATE OF NEBRASKA ) ) s.s. COUNTY OF ~~ ) L The foregoing instrument'was by MarRsret M. Dillon. AVP a Nebraska Corporation. on behalf of the acknowledged Defore me this 3rd' dqy of March ,19~. of 1I0RWEST BANK NEBRASKA. NATIONAL ASSOCIATION, corporation. /-) ( , 1T . , ~ IZt1j~{..K) NOTARY PUBLIC My commiss 0 ;' -fi. -It! ~/f ~ 10/as _lITMY..... ..... NTRlCCARoIAHGU .,CIlIa._,,_ ,--- l