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<br />EXTENSfON AGREEMENT ~3~
<br />In consideration of the extension of the time of payment of the original promissory note
<br />hereinafter described, the undersigned, First United Methodist Church
<br />hereby covenant and agree to pay to The First
<br />N taN rorial Bank of Grand Island, Grand Island, Nebraska, or order, the principal sum of
<br />Twent -Five Th usand nd b0 --------------------------------------------------------
<br />S 253,000.00 together with interest thereon at Fifteen ~ 15) per cent per
<br />annum from the date hereof, such sum to he payable on July 11, 1983 Interest
<br />shaff be payable at maturity on July 11, 1983 „___~
<br />The original principal note in the amount of Twenty-Five Thousand and 00/100-------------
<br />--------------~---------- (525,000.00 was executed and delivered by
<br />the undersigned under the date of u y 12, 1 82 to The First National
<br />Bank of Grand Island, Grand tsland, Nebraska, and was due and payable on the 12th
<br />day of Jdnudry, 1983 together with interest at Sixteen (16) per
<br />cent per annum and secured by Real Estate Mortgage to The First National Bank of Grand
<br />r<t~,,~ r.~,,.~ 1<l3n'i tilanr~c4a r5aY7ar~9ci as nn~iinanr ~±a~_nn~onr
<br />in the fvlortgage-Records of- ~ recorder HallV-- County,~J jNebraska
<br />The undersigned agrees to pay such extended balance cf principal of Twenty-Five
<br />Thousand and 00/100------------------------------------{5 25,000.00 ), together
<br />with interest thereon at Fifteen (15} ^per cent laer annum, such principal and
<br />interest to be payable in lawful money of the United States of America at The First Nat-
<br />ional Bank of Grand Island, Grand Island, Nebraska.
<br />Alt of the covenants and agreements in such original note and the Real Estate Mortgage a-
<br />txrve-described, other than hereinbefore modified, shall tie and remain unchanged and in
<br />full farce and effect during such extended t~eriod. I f ctefauli he +nade in payment of any
<br />principal sum, the entire principal sum with interest thereon shaft become immediately
<br />due and payable at the election of the legal holder thereof.
<br />In further consideration of such extension of trme ai payr~+ent of such indebtedness, I here-
<br />by ratify and confirm such mortgage r'ecor-decf as Document *r82-002941
<br />in Real Estate r4lortr_~age records of ~ d 1
<br />County, e ras a as the first mortgage Lien upon
<br />the real property described therein, and the whole of the title thereto as now owned by me.
<br />The undersigned executes this Extension Agreement with reference in and on tt7e faith and
<br />credit of their property, which they now own yr have arrinterest in ar hereafter may ac-
<br />quire; the express intention being to charge and to continue to charge any and all of such
<br />property with the payment of the indebtedness, fhe payment of which is herein extended.
<br />FN WITNESS 4YHEREOF, the undersigned have hereunto set this hands this 12th
<br />day of January ,. _._1983
<br />Firsk--tittited Methodist Church
<br />- ---- ~~}--~- - .~ t'.ri,~ ,i ~`u-tl Vic. ' ~er~z
<br />STATE 4F Nebraska
<br />G4t}NTY pF Hall
<br />The ftrregoirtg instrument was acknowledge before me this 12th day of
<br />J~n3larv 19 R.3 ..._ by -~ ~'~~- ~ _ Ci^y~s c~
<br />MMA.Ytk t~tt1fM011
<br />i>
<br />;~,,,~ Notary Pubic
<br />tk~trrt, i1Ml~
<br />a riptia x Litt 8 54#44' of Lot 9 Block 1 Capital Heights Subdivisitrn, being a
<br />Dart to t o ihea5t ~ttarter of Lhe Southt~st quarter of Section 2 Township ii North
<br />~df1N3~?. If! kN~i r}f tlt~! 6th A,b1. ;, !fall fin,tnty; N*ahrwska.,
<br />
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