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tkTr=NSiON AGREEMENT In consideration of the extension o{ the trme of payment of the original promissory note hereinafter described, the undersigned, ROBERT E. SC_H_ROER AND JEAtdNE M. SCHROER, HUSBAND AND WIFE hereby covenant and a ,ree to pay to 'The First Natrona! Ban o Gran Stan ,Grand island, Nebraska, or order, the principal sum of THIRTY-FOUR THOUS_fiND AND NO/100------------------_-_-_-------------------- j$ 34, 000.60 toget ter with interest thereon at 14r~~lT'er cent per annum from the date hereof, such sum to be payable on JULY 21, 1980 Interest shalt be payable at maturity on JULY 21, 1980 __ i, The original prircipat note in the amount of THIRTY-FOUR THOUSAND AND NO/100------ ----------------------($34,000.00 ~-was executed and detiver~by the undersigned under the date of JULY 23, 1979 ~ to The First National Bank of Grand island, Grand island, Nebraska, and -was due and payable on the 21 day of JANt7ARY, 1980 , together with interest at ELEVEN per cent per annum and secured by R~l~i$S,~ Mortgage to The First National Bank of Grand 'tstand, Grand !stand. Nehraska,x:tdC54~as DOCUMENT i•,'79-004750 in the 1':ortgage Records of HALL ___County, NEBRASKA The undersigned agrees to pay such extended balance o{ principa! of THIRTY-FOUR THOUSAND ALN~ N6f'100---------------------------(5 34,000.00 ), together rosith interest thereon at 14~ per cent per annum, such principal and interest to be payable in law ul money of the United States of America at The First Nat- ioraT Sae-k of Grand island, Grand (stand, Nebraska. Ail of the covenants and agreements in such original note and the Real Estate Mortgage a- :~~e-described. other than hereinbefore modified, shall be and remain unchanged and in foil force and effect during such extended period. tf de{auit be made in payiner:t a` any principal sum, the entire principa! sum with interest thereon shalt become immediately due anti payable at the election of the Legal haldzr thereof. In further cc.-rsideratian of such extension of time of payment o{ such indebtedness, i here- by ratify an: confirm such mortgage recorded as DOCUMENT ;f79-004750 _ in Real Estate Mortgage records of H.T~LL Ctx:nty, NEBRASKA as the first mortgage lien upon the real property described therein, and the whole of the title thereto as now owned by me. The undersigned executes this Extension Agreement witty 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 t`~e payment a3 Lhe rndebtedness, the payment of which is herein extended. ttv WTTNE55 WHEREOF, the undersigned have hereunto set this hands this 21 day of JA?dUUARY, 1980 Ru ER$ T E. Si.HROER JEANIQE M. SCHRO£R STATEt?F ~Bt2ASF.A } COtA~IYY OF IL-ALI, ) The.#aregoing instrgment was acknowledge before me this 4 day of ~;t~}~,y ;9 BO lay ROBERT E. SCHFtflER AND JEA_NNE M. S~TiR~~~, 'HUSBA)lf3 ~_.7d7~_ I+Iy Ctattsnission Expires 7-2-BO Notary ublre --. ~_~~c6. 0117E2d5