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<br />8v' ~~~612 EXTENSION AGREEM
<br />In consideration of the extension of the time of payment of the original promissory note
<br />hereinafter described, the undersigned, JOHN DHILLON, INC.
<br />hereby covenant and agree to pay to -the First
<br />National Bank of Grand !stand, Grand Island, Nebraska, or order, the principal sum of
<br />TSJENTY-SIX THOUSAND FOUR HUNDRED AND NO/100-------------------•---------
<br />$ 26, 400.00 ,together with interest thereon at 13.75 per cent per
<br />annum from the date hereof, such sum to be payable on SEpT .DiBFR 30. 981• interest
<br />shall be payable at maturity an SEPTEMBER 30, 1981.
<br />The original principal note in the amount of TS4E^1TY-SIX THOUSAND FO
<br />NOj100---------------~ $ 26 , 400.00 was executed and deliver by
<br />t e undersigned under the date of SEPTEMBER 17 1974 to The First National
<br />Eank of Grand Island, Grand Island, Nebras a, and was due and payable on the ~_
<br />day of MARCH, 1980 ,together with interest at TWELVE (1=~ #per
<br />cent per annum an secured by Real Estate Mortgage to 1 e First National ank o Grand
<br />Island, Grand Island, Nebraska, rltQtlCi6 recorded as Docum~gt~~7Q-Qp6Q~Q ., "16
<br />in the Mortgage Records of HALL County, raFnQncvn
<br />The undersigned agrees to pay such extended balance of principal of TWENTY-SIX THOUSAND
<br />FOUR HUNDRED AND NO/100-----------------------~$ 26,400.00 ,together
<br />with interest thereon at 13.75 per cent per annum, such principal and
<br />interest to be payable in awful money of the United States of America at The First Nat-
<br />ional Bank of Grand Island, Grand Island, Nebraska.
<br />All of the covenants and agreements in such original note and the Reat Estate Mortgage a,-
<br />tx?ve-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 />In further consideration of such extension of time of payment of such indebtedness, I here-
<br />by ratify and confirm such mortgage recorded as document #79-00609n ,c it stn-nn) t t ti
<br />in Real Estate Mortgage records of HALL
<br />County, GRAND ISLP.b',D. NEBRASKA as the first mortgage lien 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 property, which they now own or have an interest in or hereafter may ac-
<br />quire; the express intention being to charge and to continue to charge any and aft of such
<br />property with tt~a payment of the indebte<.Jness, the payment of which is herein extended.
<br />IN WITNESS WHEREOF, the undersigned have hereunto set thiea hands this 30
<br />day of SEPTEMBER, 1980
<br />JOHN DHI!// LI,6(3., ,BNC.
<br />JOHN K.S. ILLO-N~„PRESIDENT
<br />SATE OF
<br />CAl)NTY OF P~L~P, O )
<br />TfiZ foregoin Ili;'tr~~~,w~ knowledge before m
<br />SEf'STEMSEIt it •' CC., .•I ~ 0° by ~TOHN K . S .
<br />Dfii3.L 23, IN N KAf C PORATION, ON BE
<br />x :.
<br />9jf Of kE6¢PSyr _ J~
<br />My Commission Expires: /-~-~'Sr /,~~1
<br />LEGAL DISCRIPTION:
<br />LOT 3 BLOCK 1 BRENTWOOD SF,COND SUBDIVISION
<br />LOT 11 BLOCK I BRENTWOOD SECOND SUBDIVISION
<br />LOT 14 BLOCK 1 BREN`1`U100D SECOND SUED 7 V I SI ON
<br />e this 30 day of
<br />DHILLON, PP~$IDENT OF JOHN
<br />HALF OF THE CORPORATION.
<br />. ~ ~ , .
<br />Notary pu 7tc
<br />
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