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EXTENSION AGREEMENT 85-- 00078q <br />In consideration of the extension of the time of payment of the original promissory <br />note hereinafter described, the undersigned, Richard L. DeBacker and Patricia L. <br />I Ducker. Husband and Wife , hereby covenant and agree to pay to The First <br />aA tiona B1 ank o Gran d Is land now Norwest Bank Grand Island, National Association, <br />or order, the principal sum of Seventeen Thousand Six Hundred Thirty -eight and 86/100 <br />($- 17,638.86 ** ), together with interest thereon at 13.50 percent per annum <br />from the date hereof, such sum to be payable on December�T9$7 Interest <br />shall be payable at maturity on _ December 1, 1 <br />The original principal note in the amount of Seventeen Thousand Six Hundred Fifty <br />and no /100-------------------- - - - -($ 17,750.00 ** was executed and delivered <br />by the undersigned under the date of November 3, 1982 , to The First National <br />Bank of Grand Island, now Norwest Bank Gran Is and, National Association, and was <br />due and payable on the 1st day of December, 1984, together with interest at <br />16.50 percent per annum an secured y Real Estate Mortgage to The First National <br />Bank of Grand Island now Norwest Bank Grand Island, National Association recorded <br />as Document No. 82- 004746 in the Mortgage Records of Half County, <br />Nebras a <br />The undersigned agrees to pay such extended balance of principal of Seventeen Thousand <br />Six Hundred Thirty -Fight and 86/100--- - - - -4$ 17.638.86 ** , together <br />with interest thereon at percent per annum, such principa hand interest <br />to be payable in lawful money of a United States of American at The First National <br />Bank of Grand Island now Norwest Bank Grand Island, National Association. <br />All of the covenants and agreements in such original note and the Real Estate Mortgage <br />above described, other than hereinbefore modified, shall be and remain unchanged and <br />in full force and effect during such extended period. If default be made in payment <br />of any principal sum, the entire principal sum with interest thereon, shall become <br />immediately due and payable at the election of the legal holder thereof. <br />In further consideration of such extension of time of payment of such indebtedness, <br />I hereby ratify and confirm such mortgage recorded as Document No. 82- 004746 <br />in Real Estate Mortgages of Hal <br />County, Nebraska as the ;fiiiinkrtgage lien upon the real property <br />described therein, and the whale of the title thereto as now owned by me. <br />The undersigned executes this Extension Agreement with reference to and on the faith <br />and credit of their property, which they now own or have an interest in or hereafter <br />may acquire; the express intention being to charge and to continue to charge any and <br />all of such property with the payment of the indebtedness, the payment of which is <br />herein extended. <br />IN WITNESS WHEREOF, the undersigned have hereunto set their hands this 1st day <br />Of December, 1984 _ - <br />9 <br />Richard L. DeBacker <br />Patricia L. DeBacker <br />STATE OF <br />COUNTY OF <br />The foregoing instrument was acknowledged before me this <br />19 8� .-by [BOard L. DeBacker and Patric <br />ana <br />L $YA1t Of Nf _ <br />My conmrrission :. '° Notary u is <br />day of <br />ir,--%sband and Wife <br />Legal Description �� Qn,� �l_)_in fill ck Twu(�) Parkhi.l l._Subdivi ,i.on_in +he <br />_1.1 CVlOtY, <br />6/25/84 <br />g <br />