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~i~~i7ll~Ylia7 EXTENSION AGREEh9ENT
<br />to consideration of the extension of the time of payment of the original promissory note
<br />hereinafter described, the undersigned, Fox Construction, Inc.
<br />herefi~ covenant and agree tb pay to "Ihe First
<br />Natwnat Ban of Grand Islan ,Grand (stand, Nebraska, or order, the principal sum of
<br />Fort -nine thousand two hundred and no 100-----------------------------
<br />~ 49 200.00 toget er with i,~terest thereon at sixteen (16 )per cent per
<br />annum from the date hereof, such sum to be payable on July 2, 1980 Interest
<br />shalt be payable at maturity an July 2, 1980
<br />Tne original principal Hate in the amount of Fort -nine thousand two hundred and
<br />no/100------------°--~5 49,200.00 _ xas executed and delivered by
<br />the undersigned under the date of August 31, 1979 to The First National
<br />$ank of Grand (stand, Grand (stand, Nebraska, and was due and payable on the 27
<br />day of Februarv, 1980 together witF. interest at eleven ill) per
<br />cent per annum and secured by ~~to~~ aoie Mortgage to The First National Bank of Grand
<br />island, Crand island, Nebraska, as Document #79-005701
<br />in the AAarigage Records of Hall County, Nebraska
<br />The undersigned agrees to pay such extended balance of principal of Forty-nine
<br />thousand two hundred and noi100--------_-------(549,200.00 ), together
<br />with interest thereon at sixteen ti5) per cent per annum, such principal and
<br />interest to be payable in lam money ofi the United States of America at The First Nat-
<br />ional $ank of Grant! Island. Grand tstand, Nebraska,
<br />lit at i~ t~vsnants, and aureemenis in such original Hate and the Real Estate Mortgage a-
<br />rao++e described, other than hereinbefore modified, shall be and remain unchanged and in
<br />Putt force and effect during Such extended period. i f default be madesn payment of any
<br />prin~swl sum, the entire printipa! sum with interest thereon , shall become immediately
<br />due and payable at the election of the legal holder thereof.
<br />In further cansideratian of such extension of time of payment of such indebtedness, I here-
<br />by ratify and canfirm such mortgage recorded as Document X79-005701
<br />in Real Estate 4ortgage retards o Hall
<br />County, Nebraska as the first mortgage Lien upon
<br />the real praperty described therein, and 11ze whole of the Utle thereto as now owned by me.
<br />Ttse undersigned executes this Extension Agreement with reference to and on the faith and
<br />credit of their property, which they now own or iwv. an interest in or hereafter may ac-
<br />quire; the express intentian being io charge and to ~antinue to charge any and all of such
<br />property ariih the payment of the indebtedness, the payment of which is herein extended.
<br />lAt WiTfVE55 WNEREGF, the undersigned have hereunto set this hands this 4th
<br />clay of :March 190
<br />Fox Constrctctian, Inc.
<br />g .<
<br />by - ,{ ~ _
<br />Charles E_ Fox, tresident
<br />by = f ~ << : ~ e- `"},.~
<br />Mary :~`. F6x, Vice-President
<br />STATE OF Kebrasita 3
<br />SS
<br />CQUl1TY OF Hall 3
<br />The ~~ i ackr~sledged before me this 9th day of
<br />na~~~.'~ Cha~1PG ti?. Fox, ~r~sident and Mary A. Foxes Vi
<br />¢ _ --
<br />t tS6i!flOTtBtiWt.
<br />[~, ~.: ._
<br />k
<br />Z~gal 1)i.st:ri}atissn: Lot 17 Fanner View Suiidi' lion in the City of Grand
<br />Island, H~11 County, Nebraska.
<br />r,.~ ._ -
<br />Rey.ot ueeas
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