|
E."KTE*tStON AGREEZtEiI:T t-~- ~
<br />!n consideration oaf the extension of the time of payment of tl;e original promissory note
<br />hereinafter described, the undersigried,_~a~~}and i'+ost No. 5;3. The American Legion,
<br />r s d ,heresy covenant and agree to pay to ''tee First
<br />Nalrorat ank o Grand stand, Gravid Island, 'tebraska, ar r~rder, the principal mum of
<br />E?Qhty Eight ThotESand and NO/1.00-----------------------°------------------------
<br />$ 88=(!00,00 ~ together with interest thereon at 17.50 ~,er cent per
<br />annum rom the date hereof, such sum to be payable on arc t -8F Interest
<br />shall be payable at maturity on March 8, 1982
<br />The origins! principal note in the amount of Eighty Eight Thousand and NO/100----------
<br />________________________ (g 88,000.00 was executed and delivered by
<br />the undersigned under the date of arc a The Firs: National
<br />Bank of Grand (stand, Grand Island, Nebraska, and was due and payable on the gth
<br />day of September. 19$1 together with interest ai Seve:teen & One-Half per
<br />cent per annum and secured by Reat Es a e Mortgage to hfi e First National Bank of Grand
<br />Island, Grand Island, Nebraska, ~i~~s Document N0. 81-001 1 90
<br />in the Mortgage Records of Hall County, Nebraska
<br />T_ he undersigned agrees to pay such extended ba~ance of principal of Eighty Eight
<br />Thousand and NO/100---------°------------------.------ (5 88,000. ~, together
<br />with interest thereon at Seventeen & One-Half der cent per annum, such principal and
<br />interest to be payable in lawful money o the United States of America at The First Nat-
<br />ional Bank of Grand Island, Grand Island, Nebraska.
<br />All of the cpvenants and agreements in such original note and the Real Estate Alortgage s-
<br />hove-described, other than hereinbefore modified, shalt 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 ,shall become immediately
<br />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, 1 here-
<br />by ratify and confirm such mortgage recorded as Document N0. 81-001190
<br />in-Real Estate Mortgage records of Hall
<br />County, Nebraska as the first mortgage lien upon
<br />the real property described therein, and tl~e whole of the title thereto as now owned by me.
<br />The undersigned executes this Extension Agreement with 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 express intention being to charge and to continue to charge any and all of such
<br />property wish t`te payment of the indebtedness, the payment of which is herein extended.
<br />IN WlTNES5 WHEREOF, the undersigned have hereunto set this hands this 8th
<br />day of Septet~.ter, 1981
<br />Grand Island Post No. 53,
<br />The American Legion, Department of Nebraska
<br />~L. W. ranch, i7N>a ee ~ A test
<br />STATE OF N@gxaska 1
<br />-7
<br />GQiJNTY OF Hall
<br />The foregoing instrument was acknowledge before me this 8th day of
<br />__ t9 $1 by L. W, French and co_ , rus ees for
<br />6 ~ ,I5 ~nsl~, Fttst 5~~~te~~merican egion, epar en o eras a
<br />~~~ t» Mc~~, ,
<br />'~ : -cGs~~ ~.^~; ~ Notary Pub~~-
<br />i~r CammissionExp~i~e~T~"~f~~4
<br />. <,¢~'.E
<br />LEC~L LIFSGfiIF'TI(tat: Lil~Qi'~ ,except the E260' thereof, and ail of Lot Two (2), in American
<br />Leg ition to the City of Grand Island, Hall County, Nebraska
<br />
|