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<br />EXTENSION A(:REtiMFN'f
<br />In consideration of the extension of the time of payment of the original promissory
<br />note hereinafter described, the undersigned,_A & L Farms, Inc. by Robert W. Lassen .
<br />and Thomas L. Anderson __, hereby covenant and agree to pay to The First National
<br />Bank of Crand Island, Grand Island, Nebraska, or order, the principal sum of
<br />FIFTEEN THOUSAND AND NO/100-------------~-i-_ _--------------- ($ 15,000_.00 ),
<br />together with interest thereon at_ _ 14 ___ per cent per annum from the date hereof,
<br />such sum to be payable on __ June_15~_ 1981 ___ Interest shall be payable
<br />on December 15, 1980 and on ,Tune 15, 1981. ~
<br />The original principal note In the amount of __TtiIRTY-FIVE THOUSAND AND NOJ100-------- ,
<br />($_35,000.00 ) was executed and delivered by the undersigned under [he da' of
<br />June 14, 1974 to The First National Bank of Grand Island, Grand Island,
<br />Nebraska, and was due and payable on the 14th day of June, 1977 , together
<br />with interest at 8 3/4% -per cent per annum and secured by Real Estate Dortgage
<br />to The First National Bank of Crand Island, Grand Island, Nebraska, recorded as
<br />Book 165 at Page 499 in the Mortgage Records of Hall County, Nebraska
<br />The undersigned agrees [o pay such extended balance of principal of FIFTEEN THOUSAND
<br />AND NO/1.00 DOLLARS-----------($15,000.00 ), together with interest [hereon at (14Y<)
<br />Fourteen per cent per annum, such principal and interest to be payable in lawful
<br />6-vr.ey of the United States of America at The First ~atiunal Bank of Grand Island,
<br />Grand Island, Nebraska.
<br />All of the covenants and agreements in such original note and the Real Estate Mortgage
<br />above-described, other Chan hereinbefore modified, shall be and remain unchanged and
<br />in full force and effect during such extended period. If default be made in payment
<br />of any principal sum, the entire principal sum with interest thereon, shall become
<br />immediately 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,
<br />1 hereby ratify and confirm such mortgage recur-led as _ Book 165 at Page 499
<br />in Real Estate Mortgage records of __ Hall _ ,County, Nebraska _, as
<br />the first mortgage lien upon the. real property described [herein, and the whole of
<br />the CiLle thereto as now owned by me.
<br />The undersigned executes this Este.>;sion Agrcemont with reference to and on the faith
<br />and credit of their property, which tiu•y now owu ur have an interest in or hereafter
<br />may ac<tuire; [he express intention being Lu rharf;e and [o continue to charge any and
<br />all of such property with the payment uE the indebtedness, the payment of which is
<br />herein extended.
<br />1N WITNESS iJiit:REO"r, tfte undersigned have h«>reuntc~ set this hands this 16th day of
<br />Jun~__1480 -__-___--' ------
<br />~ u L FARMS, INC.
<br />i ,j v-Ro ~ ert ta. Lassen
<br />f f sl ~ ~ _.- ~.
<br />l•
<br />-- p}~- - ,~ - -
<br />TI-comas I . ~n e
<br />STATE OF Iebraska )
<br />)tis.
<br />COIiNTY OF Hall j
<br />Lht this lbth day of June, 1980 _, ~ef~~rc• rat, the undersigned a t7utary Public,
<br />in and for- -na11- ~ - t:vun[y. persuraliy ~am~ Rober~ ':1. Lassen and Tttouu;s r_. :\ndersun
<br />_persanally known to me to be the identical persons whose names
<br />are affixed to the abave and foregoing Extension Agreement as makers, and they
<br />aeknavledged said instrument and the execution thereof to be their voluntary act and
<br />deed far the purpase titeruin expressed.
<br />IN TESTI 17HEREOF, 1 ttave hereunto af!ixcd my hand :md ufttccal seal at
<br />~~~ _-, on titC day and year i.xsC ttbave wr1C[t•n. ~-- -----~-- --
<br />~ 1
<br />'`~,.+ ~ E` R ~ by ",, ~. - _
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<br />~ t ~~~ ~ Nut.try Pub? is
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