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85 . 005811 period of SIXTY -SIX (66) months, with the first payment to be due and payable on December 21, 1985, and each subsequent payment to be payable on the same day of each month thereafter. 3. Acceptance of Terms: Fern, in consideration of the above extension and other valuable consideration, the receipt of which is hereby acknowledged, agrees to pay the unpaid principal sum and interest as set forth above upon the terms set forth above, and to comply with all of the terms, conditions and provisions of this Agree- ment and the Real Estate Mortgage and Security Agreement referred to above. 4. Pavment of Accrued Interest: In addition to all. other conditions provided for herein, Fern shall., immediately upon the execution of this document, pay all interest accrued as of such date on the unpaid principal balance. 5. Note: Fern shall, upon the execution of this Agreement, execute a Promissory Note, setting forth the terms of payment of the debt as modified herein. 6. Original Note not Released: The parties hereto expressly agree that the Promissory Note dated July 16, 1979, shall not be released until all amounts provided for in said Note and the Promis- sory Note referred to in paragraph 5 above have been satisfied in full, and the parties specifically acknowledge and agree that their intent is not to release or satisfy any pre- existing indebtedness to the Bank, nor to increase the amount of principal or rare cif in- terest, but only to modify the terms of payment. 7. Default: In the event of default by Fern in any of the terms, conditions or provisions of this Agreement, the steal Estate Mortgage, the Promissory Note dated July 16, 197/9, or the Promissory Note provided for in paragraph 5 above, or the Security Agreement referred to above, then the Bank shall have the right to declare the unpaid principal balance, and all. accrued interest thereon, due and payable at once, without further notice to Fern. 8. Parties in Interest: This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors and assigns, each to the other. IN WITNESS WHEREOF, the parties hereto have hereunto affixed their signatures in TWO t2! counterpart originals, both of which shall be deemed an original, all done on the day and year first above written. EXCHANGE BANK of Gibbon. Nebraska Bv ;f eft Wi