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87- ..102818 Agreement, promise to pay to the order of the Lender all such suss as shall then remain due and owing to Lender as evidenced by the Floating Rate Programmed Lending Note dated November 12, 1981, as hereby modified and extended. 3. In accordance with the terms of this Modification and Extension Agreement, the terms in respect to payment of the existing Floating Rate Programmed Lending Note dated November 12, 1981, are hereby modified to provide that the remaining principal sum of Seven Hundred Nineteen Thousand Six Hundred Seventy -Six and 91 /100 Dollars ( ;719,676.91), with interest from 'lay 1.9 1987, on the unpaid principal balance at the rate of nine an one -half percent (9.58) per annum, and to provide that such remaining principal and interest shall be payable at the office of The Overland National Bank of Grand Island, or such other place as the holder hereof shall designate in writing delivered or mailed to the Borrowers, in mthly installments of Seven Thousand Five Hundred and N01100 Dollars ( #7,500.00) each, applied first to accrued interest and then to principal com- menic3£thng on the 13th day of June 1987, and continuing on the day of each month therea ter, with a final payment of the then remaining principal balance, together with accrued interest, due and payable upon demand. Interest will be computed using an equivalent daily rate based on a 360 -day year for the number of calendar days actually elapsed from 'by 13 1987. 4. Except as specifically modified by this Modification and Extension Agreement, all other terms and provisions of the Floating Rate Programmed Lending Note dated November 12, 1981, Previously executed by the Borrowers shall remain in full force and effect. 5. All real estate mortgages, deeds of trust, assignments and security agreements heretofore granted by Borrowers to the Lender shall remain in full force and effect and shall in no manner be affected by this Modification and Extension Agreement and shall continue as security for the indebtedness extended and modified by this Agreement, as well as any future indebtedness owing from Borrowers to the Lender for future advances and renewals in respect to all sums owing from Borrowers to the Lender. 6. Borrowers further covenant to and with the Lender that they shall, and will, at any time, now or later, upon request, make, do, execute and deliver all such further and other acts, deeds and things as shall be reasonably required to effectuate the intention of this Modification and Extension Agreement and to insure and confirm to the Lender all and singular the property, securities and rights described, and intended to be conveyed as security, so as to render the same, and all portions, whether now owned, or later acquired, subject to these terms, provisions and conditions according to the true intent and purposes expressed. -2- I