|
<br />88- 101198
<br />
<br />MODIFICATION AND EXTENSION AGREEMENT
<br />
<br />TIlE FISCHER COMPANY, whether one or more, hen-ein called the Borrower, and THE
<br />OVERLAND NATIONAL BANK OF GRAND ISLAND, Grand Island, Hall County, Nebraska, herein
<br />called the Lender, hereby agree as follows:
<br />
<br />1. Borrower has executed and delivered to Lender a Deed of Trust dated
<br />February 10, 1984, and recorded on February 13, 1084, as Docunlent No. 84-000698
<br />in the office of the Register of Deeds, Hall County, Nebraska; a Guaranty with
<br />Security dated February 10, 1984; and a Financing Statement/Security Agreement dated
<br />February 25, 1988; in consideration of a certain Promissory Note for $52,761.29, a
<br />valid subsisting obligation of the Borrower, and payment of the remainder of the
<br />principal and accrued interest thereon shall be due according to the terms of the
<br />aforementioned Note, modified and payable in the following manner:
<br />
<br />A Promissory Note dated February 10, 1984, on which a principal balance
<br />of $37,580.26 remains unpaid, will be repaid in monthly payments of
<br />$775.00 per month, applied first to interest and balance to principal,
<br />beginning March 25, 1988, and continuing on the 25th day of every month
<br />until February 25, 1990, at which time the entire principal balance and
<br />accrued interest will be due and payable in full. The interest rate
<br />will be at 10.5% per annum from February 25, 1988.
<br />
<br />2. All other terms and conditions contained in the original Promissory Note
<br />dated February 10, 1984, shall remain the srune, and this Modification Agreement
<br />is made a part of the original Promissory Note and Deed of Trust by reference
<br />and shall inure to all successors and assigns and their heirs.
<br />
<br />Dated this 25th day of February, 1988.
<br />
<br />TIlE FISCHER CDMPANY
<br />
<br />.
<br />
<br />~ .. ~'! By: f.Ak;f-. C..~I-...,
<br />. QIlIlfll$MEM<k ~.,/1! ~ ;~.::; .:: Willirun C. Fischer, President
<br />"m~J?Afi&---:...--_ ~ - - .. Deedt, //, ~-/-/'
<br />". y. k.Mt2~c/~~
<br />Sharie L. Fischer, Sec,-Treas.
<br />THE O~TIONAL BANK OF GRAJ."ID ISLAND
<br />_ L;~:/ c?
<br />B~~~~./4
<br />Thomas H, Fausch, Senior Executive Vice President
<br />
<br />5TATE OF NEBRASKA)
<br />) ss:
<br />CDUNTY OF HAlL )
<br />
<br />Before me, a notary public qualified for said county, personally came William C.
<br />Fischer and Sharie L. Fischer, known to me to be the identical persons who 0i~led
<br />the foregoing instrument and acknowledged the execution thereof to be his and her
<br />voluntary act and deed and the voluntary act and deed as an officer of said corporation.
<br />
<br />Witness my hand and notarial seal on February 25, 1988,
<br />
<br />J:BMl.IJTAlfM IIIIDb
<br />RADEIIN G. BLOCK
<br />My Camnl. &p. ftIlr. 5. 1991
<br />
<br />/ /' ..-
<br />/ /' ~
<br />NotarY::fub"hc~>7&("-
<br />
<br />\
<br />---: -:.\-
<br />
<br />/ _ 7/ /
<br />/ J~ c---<..
<br />
<br />,.
<br />~
<br />~~
<br />
<br />SfA'fE OF NEBRASKA)
<br />) ss:
<br />OJUNl'Y OF HAIL )
<br />
<br />~1
<br />
<br />Before me, a notary public qualified for said county, personally came Thomas H.
<br />Fausch, known to me to be the identical person who signed the foregoing instrument
<br />and acknowledged the execution thereof to be his voluntary act and deed and the
<br />voluntary act and deed as an officer of said corporation.
<br />
<br />r--
<br />I
<br />
<br />Witness my hand and notarial seal on Feb1llary 25, 1988.
<br />
<br />J
<br />
<br />L
<br />
<br />~TARYoSUtt It IDasb
<br />. If ~ O. .LOCK
<br />&p. '*. ~ f89f
<br />
<br />/~-,./(~{// .'d.--- !(....-
<br />Notary Public
<br />
<br />,- -\",-
<br />
<br />r-~) / ../
<br />,~./ --['
<br />
<br />
<br />.7
<br />
<br />/
<br />~,
<br />
|