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~~~~~© EXTENSION AGREEMENT
<br />In consideration of tfie extension of the time of payment of the original promissory Hate
<br />hereinafter described, the undersigned, SMITH AND WERNER~, LNC
<br />hereby covenant and agree to pay to The First
<br />National San of Gran Island, Grand island, Nebraska, or order, the principal sum of
<br />FORTY-FOUR THOUSAND AND NO 100-----------------------------------------
<br />together with interest thereon at FIFTEEN (15) per cent per
<br />annum #mm the date hereof, such sum to be payable on AUGUST 25, 1980 Interest
<br />shall be payable at maturity on AUGUST 25, 1980 -
<br />The original principal note in the amount of FORTY-r^OUR THOUS ------
<br />---------------------~ $ 44.000.00 - was executed and de rver by
<br />the undersigned under the date of JULY 13. 1979 to The First National
<br />Bank of Grand tsland, Grand island, Nebraska, and was due and payable on the 9
<br />day of JANUARY, 1980 together with interest at ELEVEN (11) 1~r
<br />cent per annum and secured by R## ! ed Mortgage to The First National B~ ank o~ Grand
<br />'Island, Grand Island, Nebraska, $~~~as DOCUMENT k79-004528
<br />in the k!ortgage Records of H.~I,L County, NEBRASKA
<br />The undersigned agrees to pay such extended balance of principal of FORTY-.FOUR
<br />THOUSAND AND NOJ100--------------------~ ----t•~ 44 , 000.00 together
<br />with interest hereon at FIFTEEN (15) _per cent per annum, such principal and
<br />interest to be payable in lawful money of the United States of America at The First Nat-
<br />ional Bank o' Grand Island, Grand Island, Nebraska.
<br />Aii of the covenants and agreements in such original note and the Real Estate Mortgage a-
<br />bvue-described, other than hereinbefore modified, shat) he and remain un:.hanged and in
<br />foil €orce and effect during such extended period. 11 default be made in payment of any
<br />principal sum, the entire principal su:n with inL~rest thereon ,shaft become immediately
<br />due and payable at the election of Lhe legal holder thereof.
<br />in further consideration of such extension of time of payment of such indebtedness, Ihere-
<br />tay ratify and confirm sash mortgage recorded as DOCUMENT X79-004528
<br />'n Real Estate 1+origaye records of H_~1I,L
<br />County. RASKA as the fi3-st mortgage lien upon
<br />it-2 real property described therein, and the whole of the title thereto as now owned by me.
<br />The undersigned executes this Extension Agreement with reference to and on the faith and
<br />credit of their,*~roperty, which they now nw , u. r,avr an interest in or hereafter may ac-
<br />quire; the express intention being to c°+arge and to .:ontinue to charge any and alt of such
<br />property with the payment of the indebtedness, the payment of which is herein extended.
<br />1fd !#tTl+lE55 1YHERt=QF, the undersigned have hereunto set this hands this ~7
<br />day of FEBRUARY 1980
<br />SMITH AND WERidER, INC,
<br />~-'2 ~RR~-\ £R, PRES . i TRE.`5S .
<br />~` ~.
<br />STATE flF Ni;~ )
<br />- '."~~ SS
<br />Ttte fe. LL 'iti~ant~~ait~adcne~led~ed before me this day of
<br />-•,~,~y LARRY L. WER2IER, PRES.fTREAS AND WAYNE C. SMITH,
<br />. ~_
<br />Cc~nnission Tres 7-2-80 _ ~~ ce
<br />NOtary YUb 1C
<br />LF~1i, DF.SCRIPTIflN: THE SOUTHERLY FORTY-°FOUA AND FIFTY ONE HUNDREDTHS
<br />{4$,51) FEET flF LOT FOUR {4t AND THE NORTHERLY THIRTY-FIVE (35) FEET
<br />flF LOT FIVE {5), WflLFE'S SUBDIVISION IN THE CZTY OF GRAND ISLAND, HALL
<br />COi7NTY, NEBRASKA.
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