EXHIBIT 10.18
AMENDMENT TO REVOLVING DEMAND NOTE
THIS AMENDMENT TO REVOLVING DEMAND NOTE ("Amendment") made as of the
26th day of August, 1998, by and between FBL LEASING SERVICES, INC., an Iowa
corporation having it principal place of business at 0000 Xxxxxxxxxx Xxxxxx,
Xxxx Xxx Xxxxxx, Xxxx ("Borrower") and FARM BUREAU MUTUAL INSURANCE COMPANY, a
mutual insurance company organized and existing under the laws of the State of
Iowa having its principal place of business at 0000 Xxxxxxxxxx Xxxxxx, Xxxx Xxx
Xxxxxx, Xxxx ("Lender").
WHEREAS, Borrower and Lender entered into a Note dated the 15th day of
May, 1998, pursuant to the terms of which Lender agreed to loan to Borrower the
aggregate amount of Ten Million Dollars ($10,000,000.00).
WHEREAS, Borrower and Lender mutually desire to amend the Note as
hereinafter set forth.
NOW, THEREAFTER, in consideration of the premises and covenants
contained herein, it is hereby mutually agreed as follows:
1. The aggregate principal amount of the Note at any one time
outstanding is hereby increased effective the date hereof to
Twelve Million Dollars ($12,000,000.00).
2. The Note shall in all other respects remain unchanged and in
full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment in
duplicate as of the day and year first written above.
FBL LEASING SERVICES, INC. FARM BUREAU LIFE INSURANCE
COMPANY
/s/ Xxxxx X. Xxxxx /s/ Xxx Xxx Xxxxxxxx
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Xxxxx X. Xxxxx Xxx Xxx Xxxxxxxx
President and Treasurer Vice President Investments
