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8.~t ~'~ ~~ J Et t 5 E]CfENSION AGREEMENT
<br />In consideration of the extension of the time of payment of the original promissory
<br />note hereinafter described, the undersigned, Thomas M. Nelson and Maureen Nelson >
<br />, hereby covenant and agree to pay to The First National
<br />Bank of Grand Island, Grand Island, Nebraska, or order, the prlncipal sum of
<br />~~x-~~~ TxousaND AND Noiloo-------------------------------------(s z7.ooo.oo )>
<br />together with interest thereon at 18 per cent per annum from the date hereof,
<br />such sum to be payable on October 13, 1981 Interest shall be payable at maturity
<br />on October 13. 148.
<br />The original principal note in the amount of THIRTY THOUSAND AND NOJ100 DOLLARS-------,
<br />~S 30.000.00 ) was executed and delivered by the undersigned under the date of
<br />July=9, 1480 to The First National Bank of Grand Island, Grand Island,
<br />Nebraska, and was due and payable on the 9th day of January, 1981 , together
<br />with interest at 14 per cent per annum and secured by Real Estate Mortgage
<br />to The First National Bank of Grand Island, Grand Island, Nebraska, recorded as
<br />Document 1180-00381 in tTie Mortgage cords of -riaiz - cvui~tyy_ bras.ca
<br />The undersigned agrees to pay such extended balance of prlncipal of TWENTY-SEVEN
<br />THOUSAND AND NO/100--%------ZS 271000.00), together with interest thereon at
<br />18 per cent per annum, such principal and interest to be payable in lawful
<br />money of the United States of America at The First National Bank of Grand Island,
<br />Grand Island, Nebraska.
<br />All of the covenants and agreements in such original note and the Real Estate Mortgage
<br />above-described, 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 at 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 r80-003381
<br />in Real Estate Mortgage records of Hall County, Nebraska
<br />the first mortgage lien upon the real property described therein,
<br />the title thereto as now awned by me.
<br />as
<br />and the whole of
<br />the undersigned executes this Extension Agreement with reference to and on the faith
<br />and crediC of their property, which they now own or have an interest in or hereafter
<br />may acquire; the express intention being to charge and to continue to charge any and
<br />all of such property with the payment of the indebtedness, the payment of which is
<br />herein extended.
<br />IN WITNESS WHEREOF, the undersigned have hereunto set theNt~hands this 13th _day of
<br />July: 1981 -` °~ \.
<br />~j~,-, . ,L,-~-~-- __
<br />omas M. Ne son .
<br />,r,
<br />~~~ ..t, ..c-E. ~ ~ Er.
<br />Maureen Ne son
<br />STATE OF NEBRASKA )
<br />}SS.
<br />COUNTY CF HALL )
<br />On this 13th day of July, 1981 before me, the undersigned a Notary Public,
<br />in and for Hali County, personally came Thomas M. Nelson and Maureen Nelson
<br />personally known to me to be the identical persons whose names
<br />are affixed to the above and Foregoing Extension Agreement as makers, and they
<br />acknowledged said instrument and the execution thereof to be their voluntary act and
<br />deed for ttae purpose therein expressed.
<br />1N TESTIMONY WHEREOF, Z have hereunto affixed my hand and 5~~-fi~a},~,5„at _
<br />Grand Island, Nebraska , on the day and year last aho4it~ "'
<br />~:,_.
<br />Notary Public
<br />R£GOtd;1R~ Aic',h~z - ~ `~` 's. !,y / ~~s'. ~,~ ~ ~
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