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~~°'" ~'~~'z~,#~ E~;TENSION AGREirM=1I~T In cansideration of th,e extension of the time of payment of the original promissory mote i~ere~naft~r described, the ~ander~uigned, CROSBY BUILDERS INC. hereby covenant and agree ib pay to l.,e First E~ to~toa anal Ban of Gran is an ,Grand Island, Nebraska, or order, the principat sum of FORTY-FOUR THOUSAND AND NO/100----------------------------------------- 544,000.00 toget er wit. i~iterest thereon at 14~ per cent per annum from the date hereof, such sum to be payable an JUNE 30, 19$9 interest shall be payable at maturity on 3UNE 30, 1980 The original principal note in the amount of FORTY-FOUR THOUSAND AND NOj100----- ----------------------($44,000.00 was executed and delivered by -the undersigned under the date of MAY 8, 1979 to The First National -Sank of Grand island, Grand island, Nebraska, and was due and payable on the 5 day of NOVEMBER, 1979 ,together with interest at ill) ELEVEN per cent per annum and secured by I~1~s~a Mortgage to The First National Bank of Grand tsiand, Grand Island, Nebraska, r~e¢S~~s DOCUMENT #79-002800 in the Mortgage Records of HALL County, NEBRASKA . The undersiggned a rees to pay such extended balance of principal of FORTY-FOUR .THOUSAND AND NOjg7.00--------------------------- ~$ 44,000.00 ), together with interest thereon at .~g_~_ per cent per annum, such principal and interest to be payable in law u1l money of the United States of America at The First Nat- ional Bank of Grand Island, Grand Island, Nebraska. Ali of the covenants and agreements in sucir original note and the Real Estate Mortgage a- bove-described, other than hereinbefore modified, shall be and remain unchanged and in fuit force and effect during such extended period. If default be made in payment of arty principal sum, the entire principal sum with interest thereon ,shall become immediately due and payable at the election of the legal holder thereof. in further consideration of such extension of time of payment of such indebtedness, 1 here- - _ by ratify and confirm such mortgage recorded as DOCUMENT #79-002800 in Reai Estate Mortgage records of ~,L County, NEBRASKA as the first mortgage tiers upon .the real property described therein, and the whole of the title thereto as new owned by me. The undersigned executes this Extension Agreement with reference to and on the faith and credit of their property, which they now own or have an interest in or hereafter may ac- quire; the express intention being to charge and to continue to charge any and all of such property ,with the payment of the indebtedness, the payment of which is herein extended, IN WkTNESS WHEREOF, the undersigned have hereunto set this hands th"ss 3 day of _ DECEMSERf 1978 -- _ _ __ ~CRC)SRY RiITT.nFRS, TNC` _e~ LORAN L. CROSBY, P ~SIDENT STATE OF N_EBi~g~ ) ~~ SS COlJNTY OF HALL The fare~ing inatrt~ - - - ~,_~„C~ROSBY DE ZNC~ cxtrporatton, o t •'~-~Pt ~f P My Commission Expires "7"='2'=~~0 y before me this 3 day of. otary u is