|
~QOt~~~61~ EXTENSION AGREEMENT
<br />In consideration of the extensior. of the time of payment of the original promissory note
<br />hereinafter described, the undersigned, JOHN K. S. DHILLON AND SUSAN H.A.
<br />DHILLON, HttSBAND ~ WIFE hereby covenant and agree to pay to The First
<br />Nauonal Bank o Grand island, Grand Island, Nebraska, or order, the principal sum of
<br />O*TE HTTNDRED FORTY-FIVE THOUSAND AND NO/100---------~---_________________
<br />5 45,000.00 ,together wish interest thereon at 13.75 per cent per
<br />annum from the date hereof, such sum to be payable an SEPTEMBER 30. 198E Interest
<br />shall be payable at maturity on SEPTEMBER 30, 1981.
<br />The original principal note in the amount of ONE HUNDRED FORTY-FIVE THOUSAND AND
<br />NO/100----------------fig 145,000.00 was execut an delver y
<br />the undersigned under the date of NOVEMBER 30, 1979 to The First National
<br />Bank of Grand Island, Grand lsland, Nebraska, and was due and payatrle on the 26
<br />day of AUGUST, 1980 , together with interest at 12.50 r
<br />tent per annum and secured by Real Estate Mortgaye to a First National Bank o Grand
<br />island, Grand Island, Nebraska, waeaesd~; reco-ded as document #79-007843
<br />in the Mortgage Records of HALL County, NEBRASKA
<br />The undersigned agrees to pay such extended balance of principal of ONE HUNDRED FORTY-
<br />FIVE THOUSAND I~ID id0/100---------------------0145,000.00 ), together
<br />with interest thereon at 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 $ank of Crand Island, Grand island, Nebraska.
<br />Ail of the covenants and agreements in such original note and the Real Estate Mortgage a-
<br />bove-described, other than hereinbefore modified, shall be and remain unchanged and in
<br />full force and effect during such extended period. If default be made in payment of any
<br />principal sum, the entire principal sum with interest thereon ,shall become immediately
<br />due and payable at the election of the legal holder thereof.
<br />!n further consideration of such extension of time of payment of such indebtedness, I here-
<br />by ratify and confirm such mortgage recorded as document '~79-007893
<br />in- Real Estate Mortgage records o HALL
<br />County, GRAND ISLAND. NEBRASKA as the first mortgage Tien upon
<br />the 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 j~roperty, which they now own or have an interest in or hereafter may ac-
<br />qulre; the express intention being to charge and to continue to charge any anti alE of such
<br />peaperty with the payment of the indebtedness, the payment of which is herein extended.
<br />IN- 1MlTNESS WHHR€OE', the undersigned have hereunto set this hands this 30
<br />day of SEPTEMBER 1980
<br />G~sL,
<br />JOHN K.,S'. DHIIS;?,ON
<br />SUSAN tI.A. DI~tIL~,ON
<br />STATE OF NEBRASKA
<br />;,BOUNTY OF HALL )
<br />~he._foragoittg•inst ~ipip1wnowledge before me this 30 _day of
<br />SEATEC4BER P ~~ ~ by JOHN h. S. D[.ILLON n*7D ^,U~lN '! T~DHILLOH,
<br />+ o~ryPbc
<br />My GommissiOn Expires 7/2/84
<br />LEGAL D"i SCRIP`PION: LOT 78 E31',C~R 3 IN SOUtHE~R~; "~,f`!:I'.5, -~.Fd ?•.i~l~)i'?'t~>N 't i~ 'PHii
<br />CITY OF GttAND 'SI,AND, HA];I, COUNTY, NEBRI1:~Kl,.
<br />
|