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<br />83-00110€
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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 note
<br />hereinafter described, the undersigned, Stabix. A Partnershio . .
<br />, hCrl~oy covenant and agree to pay to 1heFirst,
<br />NaTIi:inal Bank of Grand Island, Grand Island, Nebraska, or order, the principal sum of
<br />Sevent Thousand and 00/100------ --------------- -- -- - ------------- ---- ----'---.--------..
<br />$ , L togel er with interest thereon at 143!; per cent per
<br />annum from the date hereof, such sum to be payable on June 2, 1933. Interes.t
<br />shall be payable at maturity on June 2, 1983
<br />
<br />The original principal note in the amount of Seventy Thousand and 00/100---------------
<br />_______________n______'___ ($ 70,000,00 I was executed and delivered by
<br />the undersigned under the date of November 3, 1980 , to The First National
<br />Bank of Grand Island, Grand Island, Nebraska, and was due and payable on the 4th
<br />day of May, 1981 , together with intet-est at Fourteen (14) per
<br />cent per annum and secured by RCflJi.!t.t.iiJ8 Mortgage to The Fit-st National Bank of Grand
<br />Island, Crand Island, Nebraska, ~~' as..J2llc.umen.t #80-006262, #81-002860. #81-006137 &
<br />in the Mortgage Records of Ha 11 County, Npbraska #82-003945.
<br />
<br />The undersigned agrees to pay such extended balance of principal of.2eYenty Thousand and
<br />00/100-----------------------------------------------:::($70.000.00 ), together
<br />with interest thereon at 14J.:; ,__per cent per annum, such principal and
<br />interest to be payable in lawful money of the United States of Amer-ica at The Fi,-st Nat-
<br />ional Bank of Grand Island, Gr'and Island, Neb,'aska,
<br />
<br />
<br />All of the covenants and agreements in such or'iginill note and the Real Estate Mortgage a-
<br />bove described, other than hereinbefore modi fied, 511,;11 be and remain unchanged and in
<br />full force and effect during such ex tended pe,-iod. I f default be made in payment of any
<br />principal sum, the entire principal sum with inter'est thereon. "hall become immediately
<br />due and payable at the election of the legal holder lhet-eof,
<br />
<br />I n further consideration of such extension of time of paYl,,,,"t of such indebtedness, I here-
<br />by ratify and confirm such mortgage I-ecordeo as jJ.9cume.!lL~8o.-006262, #81-002860, #81-006137
<br />& #82-003945 in Real Estate Mortgage recol'ds of Ha 11
<br />County. Nebraska ,__,_ _..' as the tlt'st mortgage lien upon
<br />the real property described therein, and the whole of the title thereto as now owned by me,
<br />
<br />The undersigned executes this Extension Agreement with l-efe,-encl: to and on the faith and
<br />credit of their property, which they now own or have an interest in or hereafter may ac-
<br />quire; the express intention being to charge and to continue to charge any and all of such
<br />property with t'le payment of the indebtedness. the p,'yment of which is herein extended.
<br />
<br />IN WITNESS WHEREOF, the undersigned have hereunto set this hands this 4th
<br />day of March, 1983
<br />
<br />Stabix. A Partnership
<br />B,~11 of the Partners
<br />
<br />B'2 \>--D,~n
<br />-Y"Rand-;lph P Bi xe~~
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<br />"Theodo:te C.
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<br />. Pa rtner
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<br />~ {tils~~nt:~!\iacknowledge before me this 4th
<br />, ...... 1 ~ i:J by Rando 1 oh J, Bi xenmann. Partner
<br />. 'x, A P'lrtnership.
<br />
<br />
<br />day of
<br />and Theodo~-
<br />
<br />My Commission Expires:
<br />I
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<br />712/84
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<br />/ 'Notary Pub ic
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<br />".legal Oe~cription: lot 21 Block 1 B~ntwood Subdivision
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