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<br /> - �. ,,�<< � " , � Thf s 1lg7Ceesent is a�tde as of Jaiiu3xy 3 O , 1992,' betweeli NORWEST ���,,,�,-�
<br /> ' BPitilC li�r 2�UlTIONPiL �SSOCI�'PIOHt �Or�erl kuO�iA ds The First �'!,;z�t___�-v-�
<br /> ��: �iationai Hank of Grand island tthe "Ban1c"� �th oftfces at 202 -���^�-_�-.
<br /> _ - - West Third Street, Grand Iai�d, Kebraska and lsER�s �;`-- `---..---=--._
<br /> �. �.�.-�.._�-..
<br /> , - �i �� DE�iFi�OPKBliT CQ., �l PARTNERSBIP (the "l�art9aqor") with a aaflinq: `�='�r,�'�i.
<br />;;'`; °,---�_�-.� -; :;; address af P. O. B�x 1�92, Grand 3sland, Nebraska. .- .���-- -
<br />-� .. ' � . .. . . r� � ---i� _
<br /> , ' . R@Ci.t31S -�, -- � -..,..
<br /> _ �«�.- Y _ -�.-[._����
<br /> _ " - �. On septea�ber 19, �983, the oriqinaL= pro�isso;p note in the _ �
<br /> , . _.4. r ��, ; ;Tr: face �ount o� 595,280.00 (the �NotC�j vas executed by the ��,�,_
<br /> '�-�"��'`,� .: l�ortgaqor and payabla to the HankF. . . ,„�,�,,�k-
<br /> '. . ��� �`���.:;.:'y Fnrther, the Note vas �odiffed aud'-�xte.nded on October 15, � ��.�s M�'��
<br />� ���k��� � 1985 and t i, 1988: Tfte �ost r�cent aodification � ?�:��
<br /> �,�;�;: _:;r_ ., also on Auqus ents of `•','�'�'�'
<br /> �:,, . f.'.—.._
<br /> , ;'�<�__>�a.._�. . o! the Note provided for principal:. and interest pay�
<br /> � ��- � $1,025.55 to be payabie on Septes�ez 15, 1988 and continufng _`_
<br /> , �: � :�� : � , on the sane day of each month unt�i.l�lugust 15, 1991 at whicb . a;.=
<br /> , - - - _...__._. � . tfine tha reiaafnfnq prfncipa1 and faiterest balance was due and ._.. �-�
<br />. � . . . payabie. The interest ra�e in ePPeat ia equa2 to an annual �- � � �; ` : __�;-
<br /> . � rate of ii.25 percent. . � ���
<br /> ' ��� � � e of tbis A eement,. tIse-unpaid prfncipal balance ' ; . �R�
<br /> 8. As of the dat �.,�.. , �.�*��.�
<br /> � � ' of the Note ia $80,??5.90 , � . � "
<br /> � ;:::;1. • ,t�
<br /> . � .. -',r`tGUSir:� r - - - - �
<br /> '�Y'"""�� modif�cations of Oataber 15, 1985 and �iu t i, 1988 � } . �-�
<br /> �; ;� 4�,:. C. The , "
<br /> . ��. �.. . re�resent extensic�a and not pa�ne,�t of the debtedness . . �':�
<br /> ,, ,. . {.`•,:;`.; ��'�
<br /> %'"'i.,, ;� �� ��..... ,; . ora.ginaily eviden� �r� the Note .d�scribed i» and secured by_ ,. ' ,..-�,'
<br /> � �� the Real Estate I��r�ga�e �ated Segtember 19, 1983. made by the . � . �., ;�:,
<br /> ! , � ;;�:'.:. Moztgagor to the Bank, sub�ectinq to the.lien therno! certaf^n � � �,- , � �{
<br /> � �.�'-�':`'��'i� � real estate located in Hall County, Nebraska (the Mortgaqe ), �. .. ��
<br /> '".r.r�,�'. �aore partiaularly desaribed as: , `
<br /> ,�' . . Black � � �:-
<br /> � Weat One Tbfrd (i/3) of Y+ot �wa (2), op ; �_
<br /> .;;,er� � � �� Siscty-four (64), Oriqinal Town, now City � � � , �-:`�
<br />.. ;.4:r.:.;'�,; Gra,,gae� Islans�, Hall County, Nebraska, ; ,,�
<br /> ,. � -
<br /> . . i. '.i�7'?IE;`� : .. a�Yi •' -
<br /> ' � . � <. West Two Thirds (2/3) cf Lot Thxee (3) , Block f � ,
<br />. :°=�.� ; . , Sixty-four (64f, Original Td�n, now Cfty of � � -.
<br /> : � .• . . Grand Islan�l, Hall County, f���sraska ; ,. ' .
<br /> � � � ' � The Mortgage was reaorded as D�ctu��nt �83-005443 and ;. . � �
<br /> . � � rerecorded as Document #8�-a0Q���.7 in the ofPice of Regis�r af ; � � „
<br />:' ��' ' � � Deeds of the above named c�ur�t�,r. � . � � , �
<br /> . . . .. , _ . � ��.
<br />' , '�;i.�;�::'. � : ' , � and contirms that the ` • �
<br />���1 �.� � �:�;;,..: Tbe Mortqagor ackricw2edg�s, agrees, ' _ . �
<br /> '�:i;�:��� Mortqage seaures �C►ayatent r�E th� iadebtedn.��s identffied within
<br /> ,,,,,,,
<br /> • this A�r��:�ent, aaxd tha� the Mertgaqe cor�s�itutes the legal, .
<br /> . '�� � � valid, anc� binainc� oblfgation aP ��ze persons signing the same, ` �
<br /> � � svb�ect tio no aePenses, ciain�s, ar o�fsets. �
<br /> ..��;:��;;�, � . .
<br /> , � � ` D. The Mortqagor has requesta� an extension of time to repay�the
<br /> . � indebtedness and the 8ank � wi�22ing to provide an extensson �
<br /> . oP time. �
<br /> � ACCCRDINGLY, in cons�eration of t3�.e �ramf ses and o�er�qaod�and � '
<br /> � �. valuable aonsideration, the parties agree tv modf€y �Me Mortgage� �
<br /> , . , and the indebtedness as Eollor�s: �
<br /> � i. Effective the same day as firat. above written and unti.l�� ,
<br /> � � � the in8ebtedness is paia in Yuli or until January 19,
<br /> � 1995, the unpaid prinaipal balaaae of the indebtedness �
<br /> - - . shall� acorue interest at an annua! rata of 10.00 percent. . •
<br /> . . � . �
<br /> � • 2. Tlie unpafa prineigal balance ana 'accrued interest shail be �
<br /> � paid 3� 35 consecutfve monthiy installments of $i,o25.55
<br /> � each, beqirning February 15 1992 and on the same day af .
<br /> . ,
<br /> eaoh-mas�tti hezeafter until ,sJanuary 14, 1995, when the
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