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<br />I <br /> <br />84__ "" 002959 <br /> <br />""' <br /> <br />MDIFICATlaI A"lI[) ElITENSlaI AC.~ <br /> <br />THIS M:DIFICATlrn AND EX"rEWllrn AGRmlENT made and executed this <br />..tol. day of June, 1984, by and between DAVIS BROS. ~CN- CO.., <br />also know as DAVIS BROI'HERS <nlSTRlJCTIrn c:a.lPANY, hereinafter called <br />the "Borrower", and 'mE OVERLAND NATIONAL BANK OF GRAND ISLAND, NEElRASKA, <br />hereinafter called the "l.ender". <br /> <br />IV I T N E SSE T H: <br /> <br />WHEREAS, the Borrower has exe<.'Uted a certain !.brtgage Note illrted. <br />August 8, 1983; <br /> <br />WHEREAS, there is presently outstanding a ranaining princip;:ll SIJII <br />in respect to said ~kJrtgage Note in the lIDJ)unt of Fifty Thousand and No/ <br />100 lbllars ($50,000.00); <br /> <br />\\llEREA8, said ~kJrtgage Note had an original maturity date otMa;reb <br />I, 1984; <br /> <br />WHEREAS, Borrower has made application to the Lender to e:1Ctend the" <br />date of maturity in respect to said ~brtgage Note to May 31, l!:lS5;anct <br /> <br />l'iHE1lEAS, Lender has agre€d LO extend the time for payment in re-- <br />spect to &'1.1ch ~brtgage Nc 0 contingent upon Borrower continuing to make <br />the nom:hly payments as requirt'Cl by said original !.brtgage Note as accrue. <br />fran the date her'lc'oi until the maturity date as extended. <br /> <br />~, 'IHEF.EFORE, l n consideration of the lIlUtual covenants herein <br />contained, it is agreed: <br /> <br />1. The lEnder doc>s agree, upon m1d sub.ject to these tams, provisions <br />a..nd conditions, to extend the time for payment by the !3orrower of the <br />princi[Yal ,,1.lm of Fifty Thousand and Noll00 I:Ullars ($50.000.00) ranainiilg <br />due and owing in resp<;ct to t,hat ~kJrtgage Note dated August 8, 1983. <br />l.€nder further a.grees to (Ul.tend the time for pa}'lOOnt of the rallllin:ing <br />principa,l balance on said /.kJrtgage Note Fran March 1, 1984 to MayS1:, 1985~. <br />at which time the entire then l'ffilalning principal ballUlGe, "togetl1erwi:l\h <br />accrued interest lit the rate ot' fourteen lU1d one-quarter percent (14;25%) <br />per annan pl"OVided U1 said M::Jrq;age Note, shall be due and pay!lble ill <br />full. <br /> <br />2. The real estate ~kJrtgage, elated August 8, 1983, ill l~tto, <br />the property legally described as: <br /> <br />-1- <br /> <br />L <br /> <br />L <br /> <br />L <br /> <br /> <br />u <br /> <br />..J <br />