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<br />I
<br />
<br />EXTENSION AGREEMENT
<br />
<br />B3....D01288
<br />
<br />
<br />In consideration of the extension of the time of payment of the original promissory note
<br />hereinafter described, the undersigned, Pete Sanchez, Jr., Single, Mike Sanchez,
<br />Single, & Isaias Sanchez, Single , hereoy coveriimt and agree to pay to The First
<br />Niiiimal Banko! Grancilsland, Grand Island, Nebraska. or ot'der, the principal sum of
<br />Twenty-Five Thousand and 00/100-------------------------------------------------------
<br />($25,000.00 ), together with i.1terest thereon at 144 per cent per
<br />annum from the date hereof. such sum to be payable on May 17. 1 qlB . Interest
<br />shaflbepayable at maturity onMav 17..J281-,._____.
<br />
<br />The original principal note in the amount of Twenty-Fi ve Thousand and 00/100--------------
<br />-------------------------- ($ 25.000.00 ) was executed and delivered by
<br />the undersigned under the date of July 19. 1982 , to The First National
<br />Bank of Grand Island, Grand Island, Nebraska, and was due and payable on the 16th
<br />day of November, 1982 , together with interest at 16" per
<br />cent per annum and secured by Real Estate Mortgage to The First National Bank of Grand
<br />Island, Grand Island, Nebraska, l("ltl(lielXlIlI recorded as Document #82-003069
<br />in the Mortgage Records of Ha 11 County, Nebraska
<br />
<br />The undersigned agrees to pay such extended balance of principal of Twenty-Fi ve Thousand
<br />and 00/100--------------------------------------------- ($25,000,00 ), together
<br />with interest thereon at 141,; __._per cent per annum, such principal and
<br />interest to be payable in lawful money of the United States of Ame,"ica at The Fir'st Nat-
<br />ional Bank of Grand Island, Grand Island, Neb,'aska,
<br />
<br />All of the covenants and agreements in such ol'iginal note and the Real Estate Mortgage a-
<br />bove-described, other than hereinbefore modified, shall he and remilin unchanged and in
<br />full force and effect during such ex tended period. I f default be made in payment of any
<br />principal sum, the entire principal sum with intet'est thereon, shall become immediately
<br />due and payable at the election of the legal holder thereof"
<br />
<br />In further consideration of such extension of time of payment of such indebtedness, I here-
<br />by ratify and confirm such mortgage recorded as .__,DocUlrent !i82-003069
<br />in Real Estate Mortgage t-ecOl'ds of Ha 11
<br />County, Nebraska , 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 />
<br />The undersigned executes this Extension Agreement with refe"ence 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'1e payment of the indebtedness. the payment of which is herein extended.
<br />
<br />IN WITNESS WHEREOF" the undersigned have hereunto set this hands this
<br />day of Tebrua ry, 1903 .
<br />
<br />16th
<br />
<br />{'~-"<}~, /:'1 ./ - / ~
<br />V.1::::t;;:~~~_r'A<,:- -'_1
<br />~nchez, r.~?
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<br />
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<br />Mike~
<br />
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<br />
<br />STATE OF Nebraska
<br />
<br />)
<br />J
<br />)
<br />
<br />COUNTY OF Ha 11
<br />
<br />
<br />16th
<br />Mike Sanchez &
<br />
<br />day of
<br />Isaias Sanchez.
<br />
<br />~lt21.?AAd~
<br />.. fJ 0 ary Public
<br />
<br />LEGAL DESCR1PTlOM: lot Block 4 Vine Hi 11
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