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Y <br />MODIFICATION AND E <br />xTl"NSION <br />� 3 <br />THIS MODIFICATION <br />this 13th day AND EXTENSION AGREEML'NT made <br />EIiT$RP IS of Ma 1987, b and executed <br />' a Nebras a partnershi Y and between J.D.F. <br />3ALLIE S. FOLSOM, husband' and p' and JOHN D. FO ON and <br />"Borrowers "; and THE pyE wife, hereinafter called the <br />RLAND NATIONAL BANK OF <br />NEBRASKA, hereinafter called the "Lender ". GRAND.IS7.AND, <br />WITNESSETH: <br />WHEREAS t � <br />he Borrowers have executed a certain Floating Rate <br />Programed Lending Note in the on <br />Thousand and No 1100 Dollars original amount of Eight Hundred <br />1981; ( ;800,000,00), dated November 12, <br />WHEREAS, by reason of a Modification and Extension Agreement <br />dated September 4, 1986, the maturity of said Floating <br />Programmed Lending Note was extended to April 4, 1987; g Rate <br />WHEREAS, there is presently Outstandin <br />Pal sum in respect to said Floating g a remaining princi- <br />unt of Seven Hundred Nineteen Thousand SixgHundredNSeventy -Six <br />and 91/100 Dollars ( ;719,676.91); <br />WHEREAS, Borrowers have made application to the Lender to <br />adjust the terms of payment in respect to said Floatin <br />Programmed Lending Note, the maturity of which was last extended <br />to April 4, 1987; and <br />WHEREAS, Lender has agreed to adjust the terms for payment <br />in respect to such Floating Rate Programmed Lending Note contin- <br />gent upon the Borrowers' performance in accordance with the <br />provisions of this Modification and Extension Agreement, <br />NOW, THEREFORE, in consideration of the mutual covenants <br />herein contained, it is agreed: <br />1• The Lender does agree, upon and subject to these terms, <br />Provisions and conditions, to <br />Borrowers of the principal sum of S vet Hundred Nineteen Thousand <br />Six Hundred Seventy -Six and 91/100 even Hu payment by the <br />remain- <br />ing due and owing in respect to a certain Floating 7Rate )prr me <br />Lending Note, dated November 12 <br />the maturity date of such Floating Rate The hereby extended <br />from April 4, 1987, as specified in a certain Programmed <br />Modification and note <br />Extension Agreement dated September 4, 1986 and <br />same to reflect that such Floating ' modifies the <br />shall be payable upon demand hereafter. <br />Programmed Lending Note <br />2• On demand, Borrowers, jointly and severally, from and <br />after the date of the execution of this Modification and Extension <br />-i- <br />