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r A EXTENSION AGREE14ENT 85 - 001663 In consideration of the extension of the time of payment of the original promissory note hereinafter described, the undersigned, Goodwin Construction Co any., Incor orated b James D. Goodwin President , hereby covenant an agree to pay to m ION, or or!der,the principal sum Of seven Thousand Eight Hundred and no/100 ----------- ($ 7 800.00 ** , together wit interest ereon at 13.25 percent per annum from the date hereof ' such sum to be payable on August 4, 1985 Interest shall be payable at maturity on August 4, 1985 The original principal note in the amount of Twent -one Thousand Five n r a no/ 100----------------------- - - - - -- (1121.500.00':'= was execute an a vered by the undersigned un r t e ate of August 8 1984 , to NORWEST BANK GRAND ISLAND, NATIONAL ASSOCIATION, and was due and payable on the 5th day of Februar 1985 , together with interest at 13.50 ercent per annum an secure y a ea Estate Mortgage to NORWEST k ND, NATIONAL ASSOCIATION, recorded as Document No. 84- 004180 , in the Mortgage Records Of Hall County, Nebraska The undersigned agrees to pay such extended balance of principal of Seven�housand Eight Hundred and no' 100---------------------- - - - - -- 7.800.00** ), together with interest thereon at 13.25 percent per annum, such principal and interest to be payable in lawful money of the United States of America at NORWEST BANK GRAND ISLAND, NATIONAL ASSOCIATION. All of the covenants and agreements in such original note and the Real Estate Mortgage above described, other than hereinbefore modified, shall be and remain unchanged and in full force and effect during such extended period. If default be made in payment of any principal sum, the entire principal sum with interest thereon, shall become immediately due and payable at the election of the legal holder thereof. In further consideration of such extension of time of payment of such indebtedness, I hereby ratify and confirm such mortgage recorded as Document No. 84- 004180 in theiMortgage Records of Hall County, Nebraska as the first mortgage Tienupon the real property described therein, and the whole of the title thereto as now owned by me. The undersigned executes this Extension Agreement with reference to and on the faith and credit of their property, which they now own or have an interest in or hereafter may acquire; the express intention being to charge and to continue to charge any and all of such property with the payment of the indebtedness, the payment of which is herein extended. IN WITNESS WHEREOF, the undersigned have hereunto set their hands this 5th day Of 'February, 1985 GOODWTN CONSTRUCTTON COMPANY. TNC IEZORATED n Jame: D. _oodwin, President STATE OF NEBRAsm ) COUNTY OF 11AL'L The foregoing instrument was acknowledged before me this sir, day of February 1985 , Uy .tame::; D. I, oodwi:, L 44 IlkOtary u Legal Description:,a,2'a' Lc)t. 5, 7j')O' Lug L'j. lr<s�— t � a � 12/84 X