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EXTENSION AGREE~l1ENT In corasirieratian o,f the extension of the time of payment of the original promissory note hereinafter described, the undersigned, ROBERT E. SCFiROER F.ND JEANN'E M. SCHROER hcre6y covenant and agree to pay to The First National Ean o Gran Island, Grand Island, Nebraska, or order, the principal sum of THIRTY-FIVE THOUSAND SIX HUNDRED AND NO 100----------------------------- $ 35,600.00 toget er with interest thereon ai 12~ per cent per annum from the date hereof, such sum to be payable on JUNE 9, 1980 Interest shat) be payable at maturity on JUNE 9, 1980 The original principal note in the amount of THIRTY-FIVE THOUSAND SIX HUNDRED AND NO/100-----------($ 35,600.00 was executed an elver y the undersigned under the date of JUNE 11, 1979 to The First National Bank of Grand Island, Grand island, Nebraska, and was due and payable on the 10 day of DECEMBER, 1979 together with interest at ELEVEN (-li~~er ,cent per annum and secured by Re~cF~:~t~Mortgag a to The Firsi National ank of Grand Island, Grand Island, Nebraska, *~ as DOCUt+]ENT #79-063633 in the Mortgage Records of HAIL County, NEERASKA The undersigned agrees to pay such extended balance of principal of THIRTY-FIVE THOUSAND STX HUNDRED AND NO/100---------------($ 35,600.00 ),to~~ getr~er with interest thereon at per cent per annum, such principal and interest to be payable in law ul money of the United States of America at The First Nat- ional Bank of Grand Island, Grand Island, Nebraska. All of the covenants and agreernents in such original note and the Real Estate Mortgage a- bove-described, other than hereinbefore modified, shall he and remain unchanged and in full force and eff~t during such extended period. !f 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 here- by ratify and confirm such mortgage recorded as DOCUMENT #79-063633 in Real Estate Mortgage records o HALL ounty, NEBRASKA as the first mortgage lien upon the real property described there n, 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 hereafter may a~c- quire; the express intention being to charge and to continue to charge any and all of such property wiih the payment of the indebtedness, the payment of which is Fseretn e~ctended. IN WITNESS WMEREOF, the undersigned have hereunto set this hands this lp day of DECEM1ER, 1979 ~~ _ .7 Y ROBERT E. SCHROER ~ ~. J1~M. SCHROER STATE QF~ CQUNTY OF~ The foregoing My Commission Expires iE~R~SICA ;: ~,~:: r~ment was arch ledge before me this 10 day of ROBERT E. SCHROER AND JEANNE M. 7-2-80 Notary Public €C4RDERS hdEyM,p,~,....~-T ~ ~,---~~':si`e i~~ -~~, ~ ~t'..-.~+ 6 ,~ ~ ., ` Re . of Deeds