|
EXTENSION AND MODIFICATION AGREEMENT
<br />000408
<br />WHEREAS, on August 9, 1976 Dwayne and Margaret Brown,
<br />borrowed from Kearney State Bank and Trust
<br />naspany, Kearney, Nebraska, the principal sum of Fifty -Five Thousand dollars and no /100
<br />* *($55,000.00) * _ * _ _ DOLLARS, and gave to said Bank a promiss6ry note
<br />;hich provided for payment to be made as follows:
<br />'r i,
<br />5____5514000.00 on the 1st day of August , 19 81 ,
<br />on which day the remaining amount of principal of this note, unless
<br />sooner paid, shall become due and payable, interest upon said principal
<br />sum or the port thereof remaininq unpaid, to be computed from the date
<br />hereof at the rate of 8.0 per cent per annum, payable monthly on the
<br />first day of each month from date hereof; at the rate of $677.40 per month
<br />MUM. said note is secured by a first mortoage on real estate owned by
<br />Dwayne and_Marrq ret _Brown_and_ Dean & Gaylene_Aden, and legally described as fol lo.rq :
<br />LA Ten (10) in Chief Industries Subdivision in Hall County, Nebraska comprising
<br />a part of the West half of the Southwest quarter (WQSW4) of Section Twenty Four
<br />(24); and part of lot sixteen (16) Haymans Subdivision in the Northwest Ouarter
<br />of the Northwest Ouarter (NANWk) of Section Twenty -Five (25) , all being in
<br />Township Eleven (11) North Range Ten (10), WEst of the 6th P.M., Hall County,
<br />Nebraska
<br />Book
<br />i d mortgage being dated ___August
<br />___ Au ust 9, 1976 , and recorded on Ma* 22 on
<br />Document 076- 004552 " - --
<br />XQU in the Yortgaqe Records in the Office of the Reqister of Deed; of
<br />Hall County, a Nebraska and
<br />WHEREAS, the principal balance due on said obligation on the date hrreu* is
<br />8,382.58 and
<br />1HEREAS, said harrower has requested an extension of time of payment until
<br />December 1, 1985 - and has acireed to uay the interest rate of 11.0
<br />p-r cprit :1Pr annum on the unpaid balance, and said bank has consented to so extend the
<br />t i!!sr of payment:
<br />!0U, THEREFDRE, iT iF AGREED by and between the parties that the ahovp As-
<br />r,, ibed "`or'tgdge and origoal promissory note shall he modified to provide for pav"wnt
<br />to U" nade as follown:
<br />S 8,382.58 on the ls_t day of December
<br />14 _86__- on rihich rioj 'thc rewIi11 irrrr n�r��unt I I f pririi_'iia4I c1f "stirs Il;Ite,
<br />r1n1r�.S Suuna'r pail Shall ben= dU nnrf payable, YNCOSt WW" n:i(,'
<br />principal 4u.o, or the part thcruor rpmaininrr unodid, to ie , t>>r!&
<br />Iron January 16, 1985 , to date of maturity at 'hr rdtr_ i
<br />11.0 ,ri r i_:(rt per .1hhU111, Ii,rY•1ble -on thiY o" the f., St in t r,7C'r
<br />n[rnth tr, , trty hereof. at the rate of $804,60 ier mvith ��
<br />
|