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EXTEN51~3N A;REE`:"1=`<P {~~-~~EJ
<br />in consideration of the extension of the t-!me of payment of the prig"snai promissory Hots
<br />hereinafter described, the undersigned, Stabix, A Partershipr
<br />hereBy covenant and afjree to pay to ?he First
<br />National Bank of Crand island, Grand Island, Nebraska, or order, itte principal sum of
<br />Fifty-Bevan Thousand and 00 I00---------°------------------------------
<br />S 57, 000.00 ) , together with interest thereon at Nineteen Per cent per
<br />annum from the date hereof, such sum to be payable on_~~il 12 , 1982 Interest
<br />shall be payable ai maturity an P. ril 12, 19x32 -
<br />Tl+e original principal note in the amount of Fifty-Seven Thousand, tint. (5411 ro-----
<br />-----------------------{-557,000.00 ) was execufed and delivered by
<br />the undersigned under the date of April 17, 1981 to The First National
<br />Bank of Grand Island, Grand Island, Nebraska, and was due and payable on the 14th
<br />day of October, 1981 together with interest at Sixteen (16) per
<br />cent per annum and secured by Re~e~ ~~eedMortgage to The First National Bank of Crand
<br />Island, Grand Island, Nebraska, !fig as Document #81-OOI947
<br />in the Mortgage Records of HaII County, Nebraska
<br />The undersigned agrees to pay such extended balance of principal of Fifty-Seven
<br />Thousand and 00/100--------------------------- (S 57,000.00 ), together
<br />with interest thereon at N,_ • n~_~~__per cent per annum, such principal and
<br />interest to be payable in lawful money of the Un!ted States of America at The First Nat-
<br />ional Bank of Grand Island, Grand Island, Nebraska.
<br />All of the covenants and agreements in such original note and the Reaf Estate Mortgage a-
<br />~ «ha,~ I-!cr tom..-~ !...,d: !! h !1 h n rgmai ~~r~rh and in
<br />iri,Ee-desoribeU, tither aarb~,~. .... .fie s..a.. _ a.-d n angAd
<br />full force and effect during such extended period. 1 f 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 recordQd as Document #81-001947
<br />in_ Real Estate Mortgage records of Hall
<br />County, Nebraska as the first mortgage lien upon
<br />the real property described therein, and the whole of the title thereto as now owned by me.
<br />Tt.e 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 cantsnue to charge any and al! of such
<br />property with the payment of the indebtedness, the payment of which is her e'sn extended.
<br />E"F, teie !.inder~igned ha Ve hereu nta Set th!s I3anr!c this 74th
<br />irr Yvi T NESS t'ri,cn v _____
<br />day of (}etuber, _i981
<br />STATE OF Nebraska )
<br />COUNTY OF- Hall )
<br />Stabix, A Partnership
<br />By Ali of t Partners
<br />' Ran o p J. i3lxenmann, Partner
<br />jj ~
<br />Theodore L. Stave, Partner
<br />foregoinct instrument was acknowledge before me this 14th day of
<br />~tt+~r _ by Randolph J. Bixenrtann, Partner and
<br />ire L. Q!~~ dAbt er on behalf of Stabix, a Partnership.
<br />v -,Ry .}
<br />~ G~RF~N z
<br />~ ,q'b°;~}~ Notary Public
<br />ly ~M'2. h.
<br />vrATF fll' ~~~
<br />Legal Description: L,ot 3 Blcsc)_ 1 Colonial Estates Subdivision
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