86102188 - Laserfiche WebLink

Browse

is r �yiap INC. NTER T MID- CONTINEN ENTERPRISES, _ - -_- _ 86-- - 102188 EXTENSION AGREEMENT In consideration of the extension of the time of payment of the original promissory note hereinafter described, the undersigned Mid- Continent Enterprises, Inc., S Bish, Inc. , hereby covenant and agree to pay to Norwest Bank Nebraska, National Association, formerly Norwest Bank Grand Island, National Association, formerly The First National Bank of Grand Island, _ or order, the principal sum of TEN THOUSAND THOUSAND AND NO/100 ------------------------ ($ 10 000.00 ), together with interest thereon at =per cent per annum from the date hereof, such sum to be payable on September 26, 1986 Interest shall be payable at maturity one The original principal note in the amount ofTWENTY -NINE THOUSAND AND NO /100 - - -, ($ 29,000.00 ) was executed and delivered by the undersigned under the date of Anril 21, 1983 to The First National Bank of Grand Island, Grand Island, Nebraska, and was due and payable on the 1st day of April, 1985 , together with interest at 14 per cent per annum and secured by Real Estate Mortgage to The First National Bank of Grand Island, Grand Island, Nebraska, recorded as Document 1183- 001975 1f85- 001624, and in the Mortgage Records of Hall County, Nebraska ?185- 005153 The undersigned agrees to pay such extended balance of principal of TEN THOUSAND AND NO /100 ----------------------- - -($ 10,000.00 ), together with interest thereon at 12.25 percent per annum, such principal and interest to be payable in lawful money of the United States of America at Norwest Bank Nebraska, National Association at Grand Island, Nebraska. All of the covenants and agreements in such original note and the Real Estate Mortgage above - described, other than hereinbefore modified, shall be and remain unchanged and in full force and effect during such extended period. If default be made in payment of any principal sum, the entire principal sum with interest thereon, shall become immediately due and payable at the election of the legal holder thereof. In further consideration of such extension of time of payment of such indebtedness, I hereby ratify and confirm such mortgage recorded as Document #83- 001975 in the Real Estate Mortgage records of Hall County, Nebraska , as the first mortgage lien upon the real property described therein, and the whole of the title thereto as now owned by me. The undersigned executes this Extension Agreement with reference to and on the faith and credit of their property, which they now own or have an interest in or