81003633 - Laserfiche WebLink

Browse

I EXTENSION AGREEMENT 81- 5~si:363:s In consideration of the extension of the time of payment of the original promissory note hereinafter described, the undersigned, Thomas F & Garol f._ 6rnnr~c; Nrishand R wifP- Gary L. & Roberta L. Catlett Husband &~M1'14`~eby cavenant and agree to pay to The Firs[ Na -a~a! ank o Grand Island, Grand Island, Nebraska, or order, the principa! sum of Seventy-Five Thousand and NO/100---------------------------------------------------- $ toget er with interest thereon at 1g,00 per cent per annum ram the date hereof, such sum to be payable on January 4. 1982 Interest shall be payable at maturity on lanuar~4 1982 The original principa! note in the amount of Sevent -Five Thousand and NO/100----------- --------------------------($ 75,000.00 was executed and deliver by the undersigned under the date of October 17, 1979 to The First National Bank of Grand Island, Grand Island, Nebraska, and was due and payable on the 14th day of April, 1980 together with interest at 12.50 per cent per annum and secured by Real E t to Mortgage to The First National Bank of Grand Island, Grand Island, Nebraska,~~~ as 79-OOb813 ~ Extension 80-001592 & 80-00.5774 in the Mortgage Records of Hall ~ County_ Nebraska The undersigne agrees o pay ' ' -` --'--4--' -` c..,.....~„ r:,... Thousand and No/100---------------------------------- (S 75,000. ,together with interest thereon at 1$,00 per cent per annum, such principal and interest to be payable in lawful money of the United States of America at The First Nat- ional Bank of Grand Island, Grand Island, Nebraska. Afl of the covenants and agreements in such oi-igina! note and the Real Estate Mortgage a- bove-described, other than hereinbefore modified, shall be and remain unchanged and in full force and effect during such extended period. If default be made in payment of any principal sum, the entire principa! sum with interest thereon shall become immediately due and payable at the election of the legal holder thereof. In further consideration of such extension of time of pay;nent of such indebtedness, 1 here- by ratify and confirm such mortgage recorded as~~74_006813 & Extension 80-001592 R 80-005774 in Rea! Estate Mortgage records of Hall County, Nebraska as the first mortgage lien upon the real property described therein, and the whole of the title thereto as now owned by me. The undersigned executes this Extension Agreement with reference to and on the faith and Eredit of their property, which they now own or have an interest in or hereafter may ac- quire; the express intention being to charge and to continue to charge any and all of such property with the payment of Lhe indebtedness, the payment of which is herein extended. IN WITNESS WHEREOF, the undersigned have hereunto set this hands this 7th day of July, 1981 / /~ A, ~ L Thomas F. Grooms G-ar~y ~L., atlett Caro C. Groans o er a mat e STgTE OF Nebraska COUNTY OF Hall 1 The foregoing instrument was cknowledge before me this ~~C day of '~1;~ . 19 _ by Garv L. Catlett and Roberta L Catlett, H shwa , ri !life and Thomas F. Grooms and Carol C. Grooms, Husband and Wife My , .Coasni Legal 12-84 N Lary Pub ~c in Canmercial Industrial Rark Second Subdivision, in the d Island, Hall County, Nebraska.