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MODIFICATION AND EXTENSION AGREEMENT 87-103576 <br />Husband & Wife <br />Lavern D. Scarborough and Theresa A. Scarborough, , whether <br />one or more, herein called the Mortgagor, and FIVE POINTS BANK of Grand <br />Island, Hall County, Nebraska herein called the Mortgagee, hereby agree <br />as follows: <br />1. Mortgagor has executed and delivered to Mortgagee a first <br />Real Estate Mortgage dated February 9, 1983 and recorded February 22, 1983 <br />as Document No. 33900810 in the office of the Register of <br />Deeds of Hall County, Nebraska, in consideration of the <br />Mortgagee's certain Promissory Note for $ 125,000.00 , which is a <br />valid subsisting obligation of the Mortgagor and that payment of the <br />remainder of the principal and accrued interest thereon will be due <br />according to the terms of the aforementioned first Real Estate Mort- <br />gage, modified and payable in the following manner: <br />Loan No. 308140 with a present balance of $81,373.38 shall be 'extended for <br />three years at 9 %. Payments shall be $1,000.00 monthly principal and <br />interest. Final payment shall be due May 28, 1990. <br />2. All other terms and conditions contained in the original <br />first Real Estate Mortgage dated 2/9/83 , shall remain the <br />same, and the Modification and Extension Agreement is made a part of <br />the original first Real Estate Mortgage by reference and shall inure to <br />all successors and assigns and the heirs. <br />Dated this the 28 day of Maw_, 1987. <br />AME <br />(Lavern D. Scarborough) <br />RECOPUR$ MEMO: %�/ <br />Reg. of Deeas NAME UU <br />(Theresa A. Scarborough) <br />FIVE POINTS BANK <br />by (William W. Marshall III, President) <br />STATE OF NEBRASKA) <br />COUNTY OF HALL ) <br />Before me, a notary public qualified for said county, personally <br />came Lavern D. Scarborough and Theresa A. Scarborough , known to <br />me to be the identical persons who signed the foregoing instrument and <br />acknowledged the execution thereof to be their voluntary act and deed. <br />Witness my hand and notarial seal on 5/28/87 <br />A ,ca ,t 2. al JaIL i- <br />Notary P lic <br />STATE OF NEBRASKA) <br />) <br />COUNTY OF HALL ) <br />Before me, a notary public qualifieq for said county, personally <br />came PrS.rYVe Pt nown to me to be the identicalofficer & <br />person who signed the foreg ng instrument and acknowledged the execu- <br />tion thereof to be his or her voluntary act and deed. <br />Witness by hand and notarial seal on 5/28/87 <br />W WMAll el ft—mki <br />EN <br />C _ <br />