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8 I --~~ ~ 5'~ 96
<br />EXTENSION AGREEMENT
<br />In consideration of the extension of the time of payment of the original promissory
<br />note hereina`ter described, the undersigned, Thomas M. Nelson and Maureen Nelson ,
<br />hereby covenant and agree to pay to The First National
<br />Sank of Grand Island, Grand Island, Nebraska,- or order, the principal sum of
<br />TWENTY-SEVEN THOUSAND :VD NO/100--- ---------------------- ($ 27,000.00 )~
<br />together with interest thereon at 18 per cent per annum from the date hereof,
<br />such sum to be payable on February 16, 1982 Interest shall be payable at maturity
<br />an February 16, 1982
<br />The original principal note in the amount of THIRTY THOUSAND AND NO/100 DOLLARS----,
<br />($ 30,000.00) was executed and delivered by the undersigned under the date of
<br />July 9: 1980 to The First National Bank of Grmnd Island, Grand Island,
<br />Nebraska, and was dye and payable on the 9th a,sy 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 II80-003381 in the Mortgage Records of Hall County, Nebraska
<br />The undersigned agrees to pay such extended balance of principal of TWENTY-SEVEN
<br />THOUSAND AND N~100---------($ 27000.00), 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 fn such original note and the Real Estate Mortgage
<br />above-described, other than hereiabefore 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 ~onfizm such mortgage recorded as Document 1180-003381
<br />in Real Estate Mortgage records of Hall Gounty, Nebraska , as
<br />the first mortgage lien upon the real property described therein, and the whole of
<br />the title thereto as now owned by me.
<br />The undersigned executes this Extension Agreement with referancv to and an t,tzc faith
<br />and czedit of their property, ~*hich they now oan or have mn interest in or hereafter
<br />may acquire; the express intention being to charge and to continue to charge any mnd
<br />all of such property with the payment of the indebtedness, the payment of which is
<br />~eraia €xtendsd.
<br />IN WITNESS WHEREOF, the undersigned have hereunto s their hands this 17Th day of
<br />November, 1981 '
<br />.-~~.
<br />mss e'son
<br />~q
<br />aureen Nelson
<br />STATE OF NEBRASKA )
<br />)5S.
<br />COUNTY OF HALL )
<br />On Chia 17th day of November, 1981 before me, the undersigned a Notary Public,
<br />in and for ~L~ 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 shrive and foregoing Extension Agreement as makers, and they
<br />acknowledged said instrument and the execution thereof to be their voluntary act aad
<br />dedd for the purpose therein expressed.
<br />LN TEST OF, I have hereunto affixed my hand and official seal at~ _
<br />CsFR31 , - _ rask8 , on the day and yearst above written.
<br />~r,s~;. Notary Public
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