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<br />t.mIFlCATICJi AND EXTENSICN AGRmIENT
<br />
<br />88-104977
<br />
<br />M & L PARmERSIiIP AKA M & W INVESnIENT 00., A General Partnership,
<br />\\bether one or more, herein called the Mortgagor, WId The Overland National
<br />Bank of GrllJ1d Island, Grand Island, Hall County, Nebraska, herein called the
<br />Mortgagee, hereby agree as follows:
<br />
<br />1. llirtgagor has executed WId delivered to Mortgagee a real estate
<br />lIDrtgage dated SeptElJlber I, 1978, and recorded on September 5, 1978 as
<br />DocIment No. 78-005746 in the office of the Register of Deeds, Hall County,
<br />Nebraska, in consideration of a certain lIDrtgage note for $144,000.00, a valid
<br />subsisting obligation of the Mortgagor, and payment of the ranainder of the
<br />principal and accrued interest thereon shall be due according to the tel1DS
<br />of the aforementioned real estate IIDrtgage, lIDdified and payable in the
<br />following manner:
<br />
<br />A mortgage note dated September I, 1978, on which a
<br />principal balance of $105,647.96 now ranains unPaid,
<br />will be repaid with monthly payments of $1,365.92
<br />applied first to interest and balance to principal,
<br />beginning October 10, 1988 and continuing on the 10th
<br />day of every month until Septanber 10, 1993, at which
<br />time a balloon payment of the ranaining unpaid principal
<br />balance and accrued interest will be due. Interest will
<br />accrue frail September 10, 1988 at the rate of 10.75% per
<br />annum on the unpaid baiance until paid.
<br />
<br />2. All other tel1DS and conditions contained in the original
<br />real estate lIDrtgage dated September 1, 1978, shall ranain the same, and
<br />this Modification Agreanent is made a part of the original real estate
<br />mortgage by reference and shall inure to all successors and assigns and
<br />their heirs.
<br />
<br />Dated this 10th day of September, 1988.
<br />
<br />i .
<br />I ..~>~.:; 1tf~zk ...
<br />~-Z/~ ~ ( , '-. Mi y, I dividually
<br />i~ .. alDeea. By: a?ML 7/~A Partner
<br />Carol Miley <: 'tf
<br />i aId ~~
<br />(:::..,.,,1 Miley, Indiv' ly
<br />
<br />THE 0VERIfND~~ BANK? (HAND ISLAND
<br />
<br />By: c,-~~,.,-,4
<br />Thcmas H. Fausch, SeniOl".Exel.~ltive Vice
<br />l-;-esident
<br />
<br />
<br />& W INVES'lMENT 00.
<br />
<br />Partner
<br />
<br />SI'A'IE OF NEBRASKA)
<br />) ss:
<br />ootJNTY OF HALL )
<br />
<br />Before me. a notary public qualified for said county, personally cwn...
<br />Lii.rry D. Miley. imdCarol Miley.. known to me to be the identical persons who
<br />- .signed t~-oforegoing instrunent and acknowledged the execution thereof to be
<br />his and her voluntary act and deed and the voluntary act and deed as partners
<br />of the genilra1 partnership.
<br />W tnees hand and notarialA/"iLl on SeJ1BJiRer 1~ 1988.
<br />. '.'J;.-. --11..- 7/~LdlfAdUJ,/
<br />. . .: 1MIIYc._ Not c
<br />;:. - .11)....-.....
<br />
<br />STATE OF
<br />
<br />.) ss:
<br />o:xlN'J:y OF HALL )
<br />
<br />Before me, a notary public qualified for said county, personally came
<br />'lbcmas H. Fausch, known to me to be tbe identical person \\bo signed the foregoing
<br />instl'1.llleD't and acknowledged the execution thereof to be his voluntary act and
<br />deed and the voluntary act and deed as an officer of said corporation.
<br />
<br />Witness my hand and notarial seal on SePt~r 10, 1988.
<br />
<br />r.'.......II.....1 -/J):-'iJb (' ~t.)(
<br />~ 1I)-=:&'nI. Not lie
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