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<br />EXTENSION AGREEMENT p * ~ 1i ~y i Q Ls~
<br />In consideration of the extension of the time of payment of the original proasigsory
<br />sots hereinafter described, the undersigned. Thomas M. Nelson and Maureen Ne16an
<br />~, hereby covenant and agrees to pay to The first ftatioaai~
<br />Sank of Grand Island, Grand Island, Nebraska, or order,- toe principal sum of
<br />THIRTY THOUSAND AND No/loo----------------------- ---------~~34,OQO:t~ ~,
<br />together with interest thereon at 16 ~ ..per cent per annual from the_date f~Y-eo£, -
<br />nosh sum to be payable on Aril 9,.19$1 v~_. Interest shall be payable at maturity
<br />on April 9, 1981
<br />The original principal note En the amount of THIRTY THOITSAND AND NO/100 DOLLARS
<br />30,000.00 '
<br />($ ) vas executed and delivt:red by the undersigned under the date:o€
<br />July 9, 1980 ~_, to The First National Bank of Grand Island, Grand Isla, ;;.
<br />Nebraska, and vas due and payable an the 9th day of January, 1981 , together
<br />with interest at_ 14~__per cent per annum and secured by Real Estate Martgsge
<br />to The First National Bank of Grand Island, Grand Tsland, Nebraska, recorded as
<br />Goeument X80-003381 _in the Mortgage Records of_ Hall Countq,Nebraska
<br />The undersigned agrees to pay such extended balance of prlncipal of THIRTY THOIISAHD
<br />AND NO/100 DOLLARS---------- (830,000.00 ), together with interest thereon at
<br />__per cent per annum, such principal and interest to be payable in lawful'
<br />money of the llnlted States of America at 'The First National Bank of Grand Island,
<br />Grand Island, Nebraska.
<br />All of the covenants and agreements Ln such original note and the Real Estate Mortgage
<br />above-de scribed,~other than 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 ac the election of the legal holder thereof.
<br />In further consideration of such extension of time of payment of such indebtedness,
<br />I hereby ratify and confirm such mortgage recorded as Document tf80-003381
<br />_~__
<br />in Real Estate Mactgage records of _ a _ _ County, a ras a , as
<br />the first mortgage lien upon the real property described therein, and *_he whole of
<br />the title thereto as now owns>d by me.
<br />The undersigned t:xecutc•^: this Fxt~•nsfon Agreema~ui with reference k0 and on the faith
<br />and credit of choir property, wtaich then awv awn or have an interest in or here3Etef
<br />may acquire; thr express intentauu being ru ~harye and to continue co charge any and
<br />all of such property °.oith the payment of the indebtedness, the payment of which is
<br />herein exteuded.
<br />IN YiITNESS SiHEREOF, the undersigned have hereunto set this hapds this 9th day of
<br />January, 1981 -
<br />" ~ ~~- _..
<br />STATE OF _j$FRRaAKA }
<br />__)SS.
<br />CUUNTY OF Eiar.i. }
<br />~ this 9th day of"~~It~rY.s~ 9 before me, the undersi ned a Notar Public
<br />in and for County, personally ~ amt-^ ,yU,~,;,;, ;,, tiCievu and Fiaureen Ne.LSOn
<br />_.___ "IIdi.3. _...
<br />_ ~ personally known eo me to be the identical parsons whose names
<br />are a€fixed La the above and foregoing Extension Agreement as makers, and they
<br />ackuovledged said instrument and the exerution thereof to he their voluntary act and
<br />deed for the purpose ttaercin expressed.
<br />have
<br />on the day and ycar/~ast above wr~t_yp:
<br />hereunto affixed my hand anti off Fta sal at __ _
<br />Notaty Public
<br />HERS ta~klO: rL1~..~` ' r~~'*~: ~: ~~.,,.
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