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#40 -5210 EXTENSION AND MODIFICATION AGREEMENT 86 107056 ..E WHEREAS, on December 24 1984, Theodore D* Snyder, a Single Person and Dallas ny er, a Fg a Person borrowed from KEARNEY;STATE BANK AND TRUST COMPANY, KEARNEY, NEBRASKA, the principal sum of NINE THOUSAND ONE HUNDRED FORTY SIX AND 91 /100-------- - ----- ---Dollars ($ 9,146.91 ) and gave to said Bank a promissory note which provided for payment to be made as follows: and, $ 9,146.91 on the 1st day of Januar , 1986, on which day,the remaining amount o principa of this note, unless sooner paid, shall become due and payable interest upon said principal sum or the part thereof remaining unpaid, to be computed from the date hereof at the rate of 14.50 per cent per annum, payable monthly on the first day oT-each month from date hereof; WHEREAS, said note is secured by a first mortgage on real estate owned by Theodore D Snyder, a Single Person and Dallas " Snyder, a Single Person and legally described as: See deed of Trust dated 12 -24 -84 for legal description Peg. of Dee( , Said mortgage /9%4Ago&TRstDecember 242 1984 and recorded on Roll 84 , on Page 00673C in the Mortgage Records of the Office of the Register of Deed of Hall County Nebraska ; and WHEREAS, the principal balance due on said obligation on the date hereof is 8,273.31 , and said borrower has requested an extension of time of payment until January 1, 1988 , and has agreed to pay the interest rate of 12.75 per cent per annum on the unpaid balance, and said bank has consented to so extend the time of payment; NOW, THEREFORE, IT IS AGREED by and between the parties that the above described mortgage and original promissory note shall be modified to provide for payment to be made as follows: $ 8,273.31 on the ist day of January 19 88, on which day the remaining amount of principal of this note, unless sooner paid shall become due and payable, interest upon said principal sum, or the part thereof remaining unpaid, to be computed from December 5. 1986 to date of maturity at the rate of 12.75 per cent per annum, payable as agreed. Interest upon said principal sum, or the part thereof remaining unpaid, to be computed from date of maturity at a rate of 12.75 per per annum until principal and interest is pa �n full. Customer agrees to pay $150.00 per month beginning Janaury 1, 1987 until January 1, 1988 at which time the remaining balance of $7,549.23 will be due and payable.