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y37~ ~; "- trta4203 EXTENSION AND NIODZFICATION AGREEMENT TSIS AGREEMENT, made and entered into this 15th day of Jnne, 197?, by and between Oral ~J. Tagus and Joyce M. Tagus, husband and wife, hereinafter coiled "Borrower" and the Commercial National Bank and Trust Company, Grand Island, Nebraska, hereinafter called "Bank«. WITNESSETB, that whereas the Bank is the owner and holder of a`promissory note dated July 30, 1976, with final maturity date of September 1, 1980, in the original principal amount of $250,OOO.OD secured by a mortgage dated July 30, 1976, and recorded in Hook 2117, at Page 281 of the mortgage records in the office of the Register of. Deeds of Douglas County, Nebraska, covering the following described real estate situated in Douglas County, Nebraska to-wit: Lots 1, 2, 3, 4, 5, and 6, Block 1, Gruenig Addition to the City of Omaha. Said note anal mortgage having been Last extended to September 1, 1980, and whereas the Aorrower desires to further extend the due date of said obligations is hereinafter provided and the Hank is .wilting to grant said extension. THEREFORE. in consideration of the oremises it is aarreed between the parties as follows: (1) The unpaid principal balance of said note and mortgage is $220,000.00 and interest has been paid thereon to June 15, 1977. (2) The said unpaid principal balance shall draw interest at the rate of 10.0 per annum until paid. (3) The said unpaid principal balance together with interest thereon at the rate here and above set forth shall be payable as follows: a) Interest only on September 1: 1977. b) Installments of principal and interest of $3,655.00 each commencing on October 1, 1977 and on the first day of every month thereafter, and with a final installment equal to the entire unpaid principal balance and accrued interest on June 15, 1981. The said installments shall be applied First to payment of the interest and then to the balance on principal. (4) All of the other terms of said note and mortgage shall remain in full force and effect. In further consideration of the extension and modification, Harrower grants and conveys to Hank additional security in the form of Real Estate Fiartgage of even date and in tte ,r.r.incipal amount no°x shown. Assigrutsat of Agreement .c Puzchaae, and life insuraf:ce