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<br />EXTENSION AGREEhtENT
<br />S1--i~~~437 r
<br />In consideration of the extension of the time of payment of the original promissory note
<br />hereinafter described, the undersigned, F 0 & L Oevelotxnent LrouQ. A Partnership
<br />hereby covenant and agree to pay to 'ihe First
<br />Na one! ank o Grand stand, Grand Island, Nebraska, or order, the principal sum of
<br />Five Hundred Fifty Thousand and No/100----------------------------------------------
<br />r'6 ), together with interest thereon at ~91t r cent per
<br />annum rout the date hereof, such sum to be payable on Novem er~ 28, 1~ Interest
<br />shaft be payable at maturity on November 28, 1981
<br />The original principal note in the amount of i ______
<br />__________________________(S 550.000.00 was executed and derver by
<br />the undersigned under the date of November 24. 1980 to The First National
<br />Bank of Grand Island, Grand Island, Nebraska, and was due and payable on the 1st
<br />day of June, 1981 ,together with interest at Fourteen ne-HaTf_^~er
<br />cent per annum and secured by R~~~~s~taate Mortgage to he First National Bank of Grand
<br />(stand, Grand Island, Nebraska, ~ as Document N0. 80-006831
<br />in the Mortgage Records of Hall County, Nebraska
<br />The undersigned agrees to pay such extended balance of principal of Five Hundred Fift
<br />Thousand and NO/100-------------------------------------(S 550,000.00 ,together
<br />with interest thereon at our een ne- a 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 Bank of Grand Island, Grand Island, Nebraska.
<br />Ali of the covenants and agreements in such original note and the Real Estate hortgage 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 shalt become immediately
<br />due and payable at the election of the legal holder thereof.
<br />fn further consideration of such extension of time of payment of such indebtedness, I here-
<br />by ratify and confirm such mortgage recorded as Mrmm~nt rd~ RO-00681
<br />in Real Estate Mortgage records of Hall
<br />ounty, Nebraska as the first mortgage lien upon
<br />the real property described therein, an the whole of the title thereto as now owned by me.
<br />The undersigned exec:ules this Extension Agreement wish 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 expross intention being to charge and to continue to charge any ancf alt of such
<br />property with t'te payment of the indebtedness, the payment of which is herein extended.
<br />IN WITNESS WtiEREQF, the undersigned have hereunto set this hands this 1St
<br />day of _-June, 1981
<br />F. 0, & L Development Group
<br />A P~~nership_, by aTl Partners
<br />The forgoing instrument was acknowledge before me this 1st day of~
<br />June t9 81 _ by Ra_vmand J. O`Connor, J~,nnifer 5. 0`Connq,~,. Thomas
<br />~w,ia~Y~ak,,,_i~lels C. McOertr~stt, Virginia A. McOerttmtt, Richard t. Carpenter, Carole E.
<br />Carpenter, James T. ~ii~' John M. Willman, Richard P. Mtillman and Elizabeth WiTTman,
<br />Partners, on beltaif ~ O~evelop~ent Group, A Partnerships for the~rposes therein
<br />i. sue'' "' -.~j~r,~__ f__-~ __..
<br />MY CoaatissiOn I: tuk3taA+t ~ r N"$tary Pu c
<br />4.ega1 ~seri~tto>::: A t rising a part of the N41#: 4f the SW~ of section 22,
<br />Totes _ . ,Range 9, best a€ the f~th P,?R. , HaT I -t<vunty. Nebraska.
<br />STATE qF ~peara;k,~ ~~
<br />~t?UNTY OF Hall 1
<br />/t t -~
<br />L"~' e a p ~er`'~'~'~' 1,c
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