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88- 106757 DllIlD OF mosr AIID IIO'lE Elr.rEIlSIOIl AGREEMJIIl'r rHIS AGREEMENr made thia (9"" day of ~~ , 1999, between SHERMAN COUNTY BANK of Loup City J Nebrasia I herei~r;f;"rred to as ':rRUS':rEE and BENEFICIARY, and Edwin C. Sittler and Janice Kw Sittler, husband and wife, of 2104 West Charl.es. Grand Island I Nebraska J hereinafter referred to as 'rRUSTOR, whether one or more. ~e parties reel te and decl.are that: 1 . BENEb"ICIARY is the holder of a certain Note condl tioned for the payment of Thirty-three Thousand Doll.ars ($33 t 000.00) I made by TRUSTOR r dated December 2 I 1985, and due on December 10, 1988. 2. Said above described Note is secured hy a Deed of Trust 'recorded on December 4 t 1985 I in the office of the Register of Deeds of Hal.l. County t Nebraska I on Microfi1.m No. 85-005992 I which Deed of Trust is now a ~ien on the premises described as fo~~ows I to-wit: Lots One Uundred Sixty-seven (167) and One Hundred Sixty-eight (16B) in West Lawn, an addition to the City of Grand Is~and, Ha~~ County I Nebraska. 3. On said Note and Deed of Trust there is now owing the sum of Thirty-one Thousand Five Hundred Seventy-six Doll-ars and Fifty Cents ($31,576.50) I with interest thereon at a fixed rate of Twelve Percent (12%) per annum, from December 10, 1999. 4. TRUSTOR is now the owner and ho~der of the above described premises. on which the said Deed of Trust is a valid lien for the sum of Thirty-three Thousand Do~~ars ($33,000.00) principal. with interest thereon at the fixed rate of bel.ve Percent (12%) per annum. and there are no defenses or offsets to the Deed of ~rust or to the debt the.t it secures. For the reasons set forth above and in consideration of the mutual covenants and promises of the parties hereto I TRUSTOR and BENEFICIARY covenant and agree as fOllows: 1. Extension of Maturity Date. In consideration of Five Hundred Thirteen Dollars and Thirty-six Cents ($513.36) paid by TRUSTOR and oth.er val-uable consideration, the receipt of which is hereby acknowl.edged J TRUSTEE does hereby extend the time of payment of the principal indebtedness secured by said Note and Deed of Trust to December 10. 1991, provided that TRUSTOR shal.l- meanwhile continue to pay the fixed interest rate on the amount owing on said Note and Deed of Trust from December 10, 1988, payable monthl.y on the 10th day of each month thereafter in the amount of $363.36. 2. Principal. and Interest Payments. TRUSTOR. in consideration of the above extension and other valuable consideration. the receipt of which is hereby acknowledged, shall pay the principal sum and interest as set forth above on or before the maturity thereof as hereby extended and shal.l comply with the other terms of the Note and Deed of Trust. except as modified herein.