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l,[)J)IFlCATION AND EXI'ENSION AGREEMENT 88- 103386 LYNN E. FARR and SHERRIE A. FARR, Husband and Wife, herein called the Trustor, and Arend Baack, Attorney at Law, hereinafter referred to as Trustee, and the Overland National Bank of Grand Island, Grand Island, Nebraska, hereinafter referred to as Beneficiary, hereby agree as follows: 1. Trustor has executed and delivered to Trustee a Deed of Trust dated February 17. 1988, and recorded on February 19. 1988, as Docwnent No. 88-100828 in the office of th!3 Register of Deeds, Hall County, Nebraska, in consideration of a certain Deed of Trust Note for $41,501.00, a valid subsisting obligation of the Trustor, and payment of the ranainder of the principal and acc..""Ued interest thereon shall be due according to the tems of the aforanentioned Deed of Trust nvdified and payable in the following manner: A Deed of Trust not~ dated February 17. 1988, on \\bich a principal balance of $41,101 remains unpaid, will be due in full including the entire unpaid principal balance plus accrued interest on December 21, 1988. The interest rate will remain at 11.5% per annum. 'IHlS lOAN IS PAYABLE IN FUlL (ON DEX::amER 21, 1988 OR ON DaIAND). AT MATURITY OR IF THE BANK DF1.tANDS PAYMEm'. YOU ~msr REPAY THE EN1'IRE PRINCIPAL BALANCE OF THE lOAN AND UNPAID IN1'EREST THEN DUE. THE BANK IS UNDER M) CBLIGATION 'ID REFINANCE THE LOAN AT 'llIAT TIME. YOU WIu.. THEREFORE BE REQUIRED 'ID MAKE PAYMENT our OF arHER ASSIm) YOU MAY OWN, OR YOU WIu.. HAVE 'ID FIND A LENDER WIU.ING 'ID I.>>ID YOU THE u:M:Y AT PREVAILING MAIU(gI' RATES, WHICH MAY BE CONSIDERABLY HIGHER 'mAN THE INTERFSI' RATE ON THIS LOAN. 2. All other tenns and oondi t ions contained in the original Deed of Tn1st dated February 17, 1988. shall rEmain the swne, and this Modification and Extension Agreanent is made a part of the original Deed of Trust by reference and shall inure to all successors and assigns and their heirs. Dated this 21st day of .Tune. 1988. Lynn~ ~~ STATE OF NEBRASKA) ) ss: ()){NlY OF HAIL ) _ ~)~~ A. -1.~ Sherrie A. Farr ' THE ~ NATICNAL BANK OF GRAND ISlAND By: l,,~~ Richard L. Bales, Cannerci.al/Consuner . wan Officer ~..... ~M'~- '.w<,#~.i'..(,; .... GI 0IId& Before 100, a notary public qualified for said oounty, personally. ~ Lynn E. Farr and Sherrie A. Farr, Husband and Wife, known to 100 1:0 be' the identical persons vmo signed the foregoing instrument and acknowledged the execution thereof to be their voluntary act and deed. Witness my hand and notarial seal riB ."-:--=-1 1* .="'.'.. Sl'ATE OF NEBRASKA) ) 88: <XXlN'lY OF HAIL ) Before me, a notary public qualified for said county. personally came Richard L. Bales, known to 100 to be the identical person nilo signed the foregoing instl'llDt.-'Ilt and acknowledged the execution thereof to be his voluntary act llnd deed and the voluntary act and def:ld 1L."l an officer of said corpomtion. this 21st day uf June, 188f.. dk~ ]).qJ~ Notary Public '~'.1 ""., .-- ........... this 21st day of June, 1988, ~/ ./ ",'1, ' '_____~::..J..:Ald.j2i.l11,ll.J.__ ...____ __. Notllry Publ ic