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<br />83- 001051
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<br />;!15~'60
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<br />EXTENSION AGREEMENT
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<br />In consideration of the extension of the time of payment of the original promissory
<br />note hereinafter described, the undersigned, Merton L. Norton and Betty J. Norton
<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 />TWENTY-SEVEN THOUSAND EIGHTY-FIVE AND NO/100------------------------_($ 27.085.00 ),
<br />together with interest thereon at 14~% jJer cent per annum from the date hereof,
<br />such sum to be payable on August 22, 1983 Interest shall be payable at maturity
<br />on August 22, 1983
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<br />The QFiginal principal note in the amount of THIRTY THOUSAND AND NO/100 DOLLARS------,
<br />($ 30,000.00) was executed and delivered by the undersigned under the date of
<br />August 25, 1981 , to The First National Bank of Grand Island, Grand Island,
<br />Nebraska, and was due and payable on the 22nu day of reuruary, 1982 ,together
<br />with interest at 19% 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 #81-004394 & Ext. in the Mortgage Records of Hall County, Nebraska
<br />under Documents #82-000988 &~XiX 82-003706
<br />The undersigned agrees to pay such extended balance of principal of THIRTY THOUSAND
<br />AND NO/100 DOLLARS------------($30,000,OO ), together with interest thereon at
<br />16~% 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.
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<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 />inunediately due and payable at the election of the legal holder thereof.
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<br />In further consideration of $uch extension of time of payment of such indebtedness,
<br />I hereby ratify and confirm such mortgage recorded as Document #81-004394; 82-000988 &
<br />in Real Estate Mortgage records of Hall County, Nebraska , aJ32-0037
<br />the first mortgage lien upon the real property described therein, and the whole of 0'6
<br />the title thereto as now o~led by me,
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<br />The undersigned executes this Exte,lsion Agreement "ith 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 pa~nent of the indebtedness, the payment of which is
<br />herein extended.
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<br />IN WITNESS WHEREOF, the undersigned have hereunto zet tl i..r hands this 23rd_day of
<br />February, 1983
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<br />"/?7 -t.t/i-;c ,~A1.Z;-;C'
<br />, ~ Merton L. Non:on
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<br />tletty J. Norton
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<br />STATE OF NEBRASRA )
<br />)SS.
<br />COUNTY OF HALL )
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<br />On this 23rd day of February, 1983 , before me, the undersigned a Notary Public,
<br />in and for Hall County, personaily came Merton L. Norton and Betty J. Norton
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<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 act and
<br />deed for the purpose therein expressed.
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<br />IN TESTIMONY WHEREOF, I have hereunto
<br />Grand Island, Nebraska , on the day
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<br />RECORDERS MEMO: 1:1 It /11 /!q~.j /;'~':'~-/I :1
<br />~ ,I A ,.__........
<br />,0/ Reg. of De.~
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