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EXTENSION AND MODIFICATION AGREEMEIIT 86-1 WHEREAS, on April 5 , So 86, Goodwin Construction Company, Inc. borrowed from Now -est al�nrandTlan ationa I Associ a on, now. Known as norwe Nebraska, National Association the principal sum of Forty -five Thousand and . 10/100ths---------------- - - - - -- DOLLARS (S 45,000.00 ) at 13.00 % per annum, and gave to sai lank a promissory note which provided for payment to be made as follows: One payment of principal plus accrued interest due and payable on October 2, 1985. and, WHEREAS, said note is secured by a mortgage /deed of trust on real estate owned by Goodwin Construction-Co., Inc. and legally described as follows: Lot Sixty -two (62) of Wolfe's Subdivision in the City of Grand Island, Hall County, Nebraska. as Doc. #'s 85- 001666, 85- 006088 & said mortgage /deed of trust being dated April 5, 19 86, and recorded 86- 107084 in the Mortgage Records in the Office of the Register of Deeds of Hall County, Nebraska, and WHEREAS, said borrower has requested an extension of time of payment until December $ , 19_aL, and has agreed to pay interest at the rate of 11.00 $ 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/ deed of trust and original promissory note shall be modified to provide for payment to be as follgW_2_- 11 consecutive monthly payments of $425.00 principal and interest due the first of each month commencing January 8, 1987, and 1 final payment of $40,479.56 principal and interest due and payable on December 8, 1987. Final payment is a balloon and lender will consider refinance. IT IS FURTHER AGREED by and between the parties hereto that all of the terms and conditions of the mortgage /deed of trust and promissory note above- referenced to as extended and amended shall continue in full force and effect except as herein modified. Executed this 8thday of December . 1986 NORWgM 1 Ks NEBRASKA,.NATIONAIi ASSOCIATION Goodwin Construction an Inc. �% Margaret M. Dillon, AVP STATE of NEBRASKA ) By' James D. Goodwin, President s.s. COUNTY OF Hall ) On this R }h day of December 19 6, before me a Notary Public in and for said County orally appeared James D. Goodwins, President, Goodwin Construction Co., Inc. 'known to be the persons) named in and who executed the foregoing instrument and acknow- 6d that he /,*vAlbrW executed the same as his /U%WtUgM voluntary act and deed. WITNESS my hand an A y and year last above written. �� ✓ ` MAW K KIM My commission expires: - - ` /NOTARY PUBLIC OF NEBRASKA ) s.s. 'Y OF Hall ) The foregoing instrument-was acknowledged before me this 8th day of December , 19 86� bY' Jraaret M. Dillons AVP Of NORWEST BANK NEBRASKA, NATIONAL ASSOCIATION, a 'Nebraska Corporation, on behalf of the corporation. My commission expires: 6-2-9u PUflLIc ` At tu+z`, uRIIIM r