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HO-OTT-SCHU-LAND COMPANY
<br />84 .._._.t) 0 0 3 81
<br />~~, 8~:}~ EXTENSION AGREEMENT
<br />In consideration of the extension of-the time of payment of the original promissory-
<br />note hereinafter described, the undersigned, Ho-Ott-Schu-Land Company
<br />hereby covenant and agree to pay to 'fhe First National
<br />Bank of Grand Island, Grand Iceland, Nebraska, or order, the principal sum of
<br />ONE HUNDRED THREE THOUSAND FOUR HUNDRED AND NO/100------------------($ 103,40ff.00 )~-
<br />together with interest thereon at 14%_~er cent per annum from [he date hereof,
<br />such sum to be payable on January 16, 19$5 Interest shall be payable at maturity
<br />oa January 16, 1985 -
<br />The. original principal note in the amount of ONE HUNDRED TEN THOUSAND AND NO/100----
<br />($ 110,000.00) was executed and delivered by the undersigned under the date of
<br />December 15, 198,1 to The First National Bank of Grand Island, Grand Island,
<br />Nebraska, and was due and payable on the 15th day of December, 1982 together
<br />with interest at 16'-2% 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 1181-0061]5 end Ext. in the Mortgage kecords of Hall County, Nebraska-
<br />;'i83-00058$
<br />The undersigned agrees to pay such extended balance of principal of ONE HUPIDRED THREE
<br />THOUSAND FOUR HUiQDRED S \0`---($ 103,400.OQ), together with interest thereon at
<br />14~ 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 />A11 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 />immediately due and payable at the election of the legal holder thereof.
<br />In further consideration of such extension of time of payatent of such indebtedness,
<br />I hereby ratify and confirm such mortgage recorded as llacument L781-0061;5 and E783-000588
<br />in Real Estate Mortgage records of Ha11 _County, Nebras a as
<br />the first mortgage lien upon the real property described therein, and the whole of
<br />the title thereto as now owned by me.
<br />The undersigned executes this Extension Agreement wiCh reference Co and an the faith
<br />and credit of their property, which they now own or have an interest in or hereafter
<br />may acctuire; 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 of which is
<br />herein extended,
<br />IN WITNL•'SS WHEREOF, the undersigned have hereunto set their hands this 16th day of
<br />January, 1984
<br />---~ HO-OT7 St>HU- ~'vD.CO*ij?y3~'1 ~--~ ,~ , . -}, _
<br />Re~'S HH Otto, I~res~Rt ex ~ tto n i'T~"`v371'uaZTy
<br />JoHn Hoeft, Secret~tiy-% ,r.< ,; o ~ oe t, n~ v> ua y
<br />STATE OF NEBRASKA ) ~ ~ '~ ~ ~
<br />r'~ - f l' .' i -~
<br />)SS. Bv_ f. y
<br />COUNTY OF HALL ~) ~ 7)ale D. Sc pan, Individually
<br />16th January, 1984
<br />On this _day aF _____, before me, the undersigned a Notar}~ Public,
<br />in and for Hall County, personally came Rex .7.H. l7tte; John Hoeft, and
<br />Hale D. Schuopan__ ~personaily known co me to be the identical persons whose names
<br />are affixed to the above and foregoing Extension Agreement as makers, and Chey
<br />aciinorvledged said instrument and the execution thereof to be tF.eir voluntary act and
<br />deed for the purpose therein expressed.
<br />1,~' TF.STZMONY WitEREOF, Z have hereunto affixed my hand and aL, icial seal aC --~_~_~ _
<br />_Grand I~laad Nebraska _ , on the day and year last above yfi~ten. ~-'
<br />O~~ r NER'`'Q'~ r}ss.,~,_ _, ~ `~ ! ` ~ ___:y~' r ,.A" ,~c_t8a^-r!:_.
<br />v~+`6~ 4t ~;~9 tiotary Public
<br />'~ i CQMMiSS fkl ~'k
<br />1 E7IP'Hif~ /f
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