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<br />EXTENSION AGREEMENT `~'~~ ~""~u~
<br />In consideration of the extension of the time of payment of the original promi5sozy
<br />note hereinafter described, the undersigned, Fox Construction, Inc. ,
<br />, hereby covenant and agree to pay to The First National:
<br />Bank of Grand Island, Grand Island, Nebraska, or order, the principal sum of
<br />ONE HUNDRED THIRTY THOUSAND AND NO/100------------------------------{$ 1~n,(ji)n_[)0 ,):
<br />together with interest thereon at 15% per cent per annum from-the date,heraof;
<br />such sum to be payable on December 31, 1983 Interest shall be payable at maturity'
<br />on December 31, 1983
<br />si
<br />Thee,~~~~riginal principal note in the amount of ONE HUNDRED THIRTY THOUSAND & NO/100---- ,
<br />$130;000.00 ) was executed and delivered by the undersigned under the date of
<br />Decem er 981 to 'the First National Bank of Grand Island,. Grand Island,
<br />Nebraska, and was due and payable on the 31st day of December, 1982 , together
<br />with interest at 17% __per cent per annum and secured by Real Estate Mortgage
<br />to The First National Bank of Grand Island, Grand Island, Nebraska, recorded as
<br />Document ~- in the•Mortgage Records of Hall County,Nebraska-
<br />~' 'CC `f ~f S" `, G;
<br />The undersigned agrees to pay such extended balance of principal of ONE HUNDRED THIRTY
<br />THOUSAND AND NO/100----------($.130,000.00), together with interest therean at
<br />per cent per annum, such principal and interest to be payable in lawful
<br />money of the United States of America at The First National Bank of Grand Island,
<br />Grand Island, Nebraska.
<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 periad. 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 />Zn further consideration of such extension of time of payment of such indebtedness, 'ice
<br />I hereby ratify and confirm such mortgage recorded as Documents-•+~":~sw-C.C`I`f .~~
<br />in Real Estate Mortgage records of Hall County, Nebraska as
<br />the first mortgage lien upon the real property described therein, and the whole of
<br />the title thereto as now named by me.
<br />'the undersigned executes this Extension Agreement with reference to and on the faith
<br />and credit of their property, which they aow 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 oz" which is
<br />herein extended.
<br />IN WITNESS WHEREOF, the undersigned 'nave hereunto set their hands this 14th day of
<br />February, 1983
<br />Fax Construction,, Inyt.`~
<br />i =1 C, ~_
<br />_ _-_______ ____-L--~~ L - P
<br />Charles E.= ~ox, President
<br />v Mary A. Fox, Nice-President
<br />STATE OF NEBRASKA )
<br />)SS.
<br />COUNTY OF HALL )
<br />On this 14th day of February, 1983__ befar~ me, the undersigned a Notary Public,
<br />in and for -Hall County, personally came Charles E. Fox and Aiary A. Fox
<br />personally known to me to be the identical persons whose names
<br />are affixed to the above and foregoing Extension Agreement as makers, and they
<br />acknowledged said instrument and the execution thereof to be their voluntary ace and
<br />deed for the purpose therein expressed.
<br />IV TESTIMONY WHEREOF have hereunto affixed mr hand and official seal at
<br />Grand Island Nebraska ~-+---
<br />_ ' __, en the day and year last •itaove
<br />'"? • `<- Notary
<br />~ °'' ~+.r,z'/." - ' NOTARY
<br />-- - , -- - * Oq,AMtSSION
<br />pY,PIRES
<br />Re$,ot Deeds
<br />f f1F N4.g
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