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<br />.2---t~(' l ~~~ EXTENSION AGREE~ti1ENl"
<br />fn consideration of the extension of the time of payment of the original promissory note
<br />hereinafter described, the undersigned, John Dhillon, Inc.
<br />hereby covenant and agree to pay to The First
<br />National Bank of Grand Island, Grand ;stand, Nebraska, or order, the principal sum of
<br />Twenty-Six Thousand Four Hundred and 00/100---------------------------•----------------
<br />{~ ), together with interest thereon at nineteen per cent per
<br />annum from the date hereof, such sum to be payable on_September 24, 1982 Interest
<br />shall be payable at maturity on September 24, 1982
<br />The original principal note in the amount of Twenty-Six Thousand Four Hundred dnd 00/100
<br />---------------------------(526,400.00 ) was executed and delivered by 1''
<br />the undersigned under ti;e date of September 17, 1979 to The First National ~'
<br />Bank of Grand Island, Grand tsland, Nebraska, and was due and pay able an the 15
<br />day of March, 19$0 , together with interest at twelve (12) _per ~-
<br />cent per annum and secured by Re~c~~~~ ti9ortgage to The First Naticnal Bank of Grand.
<br />!stand, Grand island, Nebraska, ~L+tt~.lr as Documents =79-006090 Extensions n80-001116>
<br />in the t`.ortgage Records of Hall County, "de ram ~~~, - ., ~ _' - 2
<br />T he undersigned agrees to pay such extended balance of principal of Twenty, Six Thousand_
<br />Four Hundred and 00,100--------------------------------{S 26,400.00 ), together
<br />with interest thereon at nineteen 19 per cent per annum, such principal and
<br />interest to be payable in lawful money of the United States of Arnerica at The First Nat-
<br />tonal Bank of Grand island, Grand Island, Nebraska.
<br />All of the covenants and agreements in such original note and the Rea! Estate dalortgage a-
<br />fxnre-described', other than hereinbefore modified, shall he and remain unchanged and in
<br />full farce and effect during such extended period. I f default be made in payment of any
<br />principal sum, the entire principal sum with interest thereon sf~ail become immediatety-
<br />due and payable at the election of the Legal holder thereof.
<br />in-further consideration. of such extension of time of payment of such indebtedness, i hera-
<br />b ratif and confirm such mortgage recorded as Documents w79-006090, Extensions x80-001116
<br />y ___~
<br />#80-005 12 & ~$1-005579 in Real Estate htiortgage records of ~h'a'~t-•--
<br />County, Nebraska as the first mortgage lien upon
<br />the reaYproperty described therein, and the w;ioic of the title thereto as now awned-by me.
<br />Tt1e undersigned executes this Extension Agreement with reference: to and on the faith and
<br />credit of their property, which they now awn or f~ava ar, interest in or Hereafter may ac-
<br />d:ire; the express intention being to charge and to continue: to charge any and ail of such
<br />proper y with t`re payment of the indebtedness, the p:~yment of which is herein extended.
<br />ltV WITNESS tYHERcOF, the: undersigned have hereunto set this hands this 29
<br />day of March, 1982 _-~_..__
<br />John_ Dh i 1..1, n , ,uc. _____
<br />John K.S. Dhilloh, stdent
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<br />STATE:C~3~' F7.o7,;?e(~: )
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<br />GOlSN7-Y t'~~F • ., +, 51~6i~~,i7i; CHARLOTTE )
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<br />Tare: foseeq~gg ir~tcuirteht was acknowledge before me this_ 7th day of April
<br />"-,. -__~_.,~~tg 82 by ~'~ohn K.S. Dhillon. President ~'
<br />of Ti~frf•[Jh3llol~., I~ic. corporation in behalf of e corooration. ~~•-'___.
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<br />7~iy Gommi ss i nn ' Exoi res : !' ~ ' ~
<br />f3oizrf pct -+s r:ia // Notary pt:bti -----__,_.-
<br />mY t.ORtrf1$5ifln C- 9 xK .$. >.^.,~'
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