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KXTENSION AGREEMENT E 87-- 14"306 In consideration of the extension of the time of Payment of the original promissory note hereinafter described, the undersigned Mi _ hereby covenant and agree to pay to bravest Bank Nebraska, National Association, formerly Norwest Bank Grand Island, National Association, formerly The First National Bank of Grad Island, or order, the principal sum of 9d TiXY1.� & _ 10.000 ), together with interest thereon at paTA�ent per annum rom the date hereof, such sum to be payable on Interest shall be payable at maturity onnteirir 71 1 28Z The original principal note in the amount of TG_NLtup ($ 29.Q00.00 _ ) was executed and delivered by the undersigned under the date °�,- -..4$q , to The First National Bank of Grand Island, Grand Ys land, Nebraska, and was due and payable on the 1st day of Mril. 1985 together with interest at 14 per cent per annum and secured by Real Estate' Mortgage to The First National Bank of Grand Island, Grand Island, Nebraska, recorded as 24 in the Mortgage Records of Hall County, ras - - 102188 & #86- 107315 The undersigned agrees to pay such extended balance of principal ofTEN THOUSAND X7100 -- -- ------------ - - - - -- ($10'000.U0 ), together with interest thereon at _percent l_75 per annum, such principal and interest to be payable in lawful money of the United States of America at Norwest Bank Nebraska, National Association at Grand Island, Nebraska. All of the covenants acid agreements in such original note and the Real Estate Mortgage above - described, other than hereinbefore modified, shall be and remain unchanged and in full force and effect during such extended period. If default be made in payment of any principal sum, the entire principal sum with interest thereon, shall become immediately due and payable at the election of the legal holder thereof. In further consideration of such extension of time of payment of such indebtedness, I hereby ratify and confirm such mortgage recorded ast�8 in the Real Estate Mortgage records of Hall County, Nebras as the first mortgage lien upon the real property described therein, and the whole of the title thereto as now owned by me. The undersigned executes this Extension Agreement with reference to and on the faith and credit of their property, which they now own or have an interest in or hereafter may acquire; the express intention being to charge and to continue to charge any and all of such property with the payment of the indebtedness, the payment of which is herein extended. IN WITNESS wHEREOF. the undersigned have hereunto set their hands this 25 day of March 1987 r _ a STATE OF N ) SS. COUNTY OF HAIL ) On this3cAaday of �_. before me. the underai �neda ry F blic , in and for Cty, personally came personally known to me to bcal perso ose s are affixed to the above and foregoing Extension Agreement as kern, and they acknowledged said instrument and the execution thereof to be their voluntary act and deed for the purpose therein expressed. IN TESTIMONY WHEREOF. I have hereunto affixed my hand and official seal at on the d y and year last above- written. y ub l .ic .......J