|
1 :r,� t�.'i .f M '}ri. � ..tiKi•i.��r.-��.�c-
<br /> f 1�, laf�RFV.�w�w��-�i�W�\�', � ^, �c'": –hi�Y. _�r l.k.t,___ . . . .��. _—. _ � —_
<br /> .��
<br /> -..•_ �� ....•.+c. - . � . . �'�
<br /> .�r�7�.r.,.,,,-� ....
<br /> � . •:`C' ���!.,�t -..�z__.
<br /> .. � ....1'�43W�" .. - _ ...
<br /> � �� � �� gl— ioze3� --=== -
<br /> ;,: � �--_
<br /> .,; _
<br /> ' �1 ' :, .,. _ •v
<br /> � � ;•> , ;�.�;1'�
<br /> �:,�. , „� 1,1 �ntecest. Tha ratea of inCarweti p�yable by Moker to GCEB
<br /> `� � .�,�' r- -,�_.
<br /> ' °" ' � under th� Note arQ aa followa:
<br /> � S.
<br /> �J��., �.. ..-
<br /> . ��� -. 1.1.1 Ecom the date of thia Agreement� untiil the 7th day of
<br /> , ���:�^; -�-•
<br /> ---' i the twelfth oalendar montb folioaing the date hereof, interesti _
<br /> �i�._`l, "•' ., __ _. ,_.
<br /> f r �...':,•. -• i.
<br />.r(x':, .G .a..
<br /> �..,�.•..• ��•.. ahalY aocrue and be payable on the prinoipal balance fram ti�ne � ` �
<br /> �.+i :� ,..14:��t;
<br /> tr��- -
<br />��:��,�`� . •��� : �.�:.t to time outetandir�g at E[�e rate of nine aad Five eighEhs �- -
<br />.�-+:`- u'�� '� . pecaenti (9.625�) Rer at�r�r,�, �
<br /> •r •s1� . . .
<br /> �'�''. =� .,.: � 1.1.2 F�ao t.�a 7tih daY of the tWelfth calendar amomth 4:' . :�;:c--�
<br />- .�; " ;�:.
<br />:; `. r : • ',
<br /> . Following the date of this Agreement and begianire¢ With eaah I��;�r-�=�;r f
<br /> . , �,;' �'�=
<br /> ' '; �•. "°iY�_�':.� and every anniversary date of the 7th day of said twelFth �as�u�°�_-
<br /> �r,. .�- �
<br /> ,; .� t''.;�,4i j{:r1�" • .
<br /> +�t�=-_-
<br /> • �• , ' oalendar month (said 9th day of said twelFth calendar month �:.:�-�-=-_
<br /> •�> ,�` . � and eaah auch anniversar.y date being hereinafter referred to ��_�_v,_...
<br /> ..�.4� x._.�
<br /> . f,..yS_ '. _.
<br /> . n���__ .
<br /> �' as the "Change Date"D� intereab ahall accrue and be payable on ��r,�,.,.�A� -.-
<br /> _ .--��-_ � �.,.�,��*.
<br /> ��, ,� , the principal balance from time to time outatanding at a rata �� �. _-
<br /> ,. �`•`�; � ��; �ra,.b. �-.L:.
<br /> .::.:�;�,} , ,.r. .
<br /> (the "Var.abie Interest Rate") of interest, per annum, �.,,,. ' :,,�
<br /> .. + �.; . , - -
<br /> _,;..
<br /> � establiahed by LCEE in accordance �ith �ae�agraph 1.1.3. �::�,::x(t.;��:;;�
<br /> . t'��---_
<br /> •.`;�;., ' ' st�.L��
<br /> , 1,1.3 LCEE shall establish the Variable Interest Rate for �.=-��_ ---
<br /> , � �:��
<br /> ` each tWelve calendar month period following eaah Change Date ' wwu :�-�_ ' "
<br /> ,�i..,_�;._:
<br /> , ., .,�,
<br /> � � by adding up to (as ib determines) tr+o peraentage points to ��'-� .�'�� �:=-
<br /> J .. .1 �
<br /> �•• I 1,`�;'� . " " - . :�r
<br /> the Cost of Funds as determined by it on the last day of the F _ = �
<br /> i If.,�.:,., . ,
<br /> :'.,;�.i71., .. , .. ,•:., .� -
<br /> � .�•:�,t.:, .. . . �.t...
<br /> ' �',•�:•�:%�t� 9eeond calendar month of the caleadar quarter preaeding the , ���,.r, . _ -
<br /> .. ; ��}.;1,.,..,74: ... � :
<br />(ll�..yl,' .1' t7li�k����r� �,i:+'•'•' r'?�_.
<br /> �-�l;.:�•, ���:. - calendar quarter of sueh Change Date. I.CEE's Cost of Eunds on .�•.
<br />'�r}ts<,�;'�'� �o � ,. " comput:ng an anticipated . .. .�..
<br /> ��.1` shall be determined by �'~ +
<br /> . auch day �
<br /> :,• 4. �'���
<br /> �,�„f,. °•,C�"R��. .. able on . . .. '�':��::
<br /> �,3..� ,,�,.,,�,,,;� ;� ,�E:;�; twelve (12) month average annual rate of interest pay �y:
<br /> .+ t '�" ,,, -0.;':-=
<br /> 4,t�����.�p•�. .F�'.�,�.,..., � ,���:.
<br /> ��:%(���i��'�'}' "�K� •�' the tota� �alance� then outstanding, of LCEF's Investment � ;,;
<br /> l,ttif':'.c:i; '
<br /> r:�r.•.�.�i}r� �.
<br /> 7 �FS�:r"�.:
<br /> n.�'•�f���,�" O�Iigations, exclusive of LCEE's Sup�nr2 Dollars. The ',;� .•
<br /> <�
<br /> � resulting percentage, per an�u.::, rounded to the neare�t 1/8 of .
<br /> ,� ` �� one percent, is LCEE's Cost of Eunds. "Investment �
<br /> Obligations". for purposes of such camputation. means the
<br /> total pr:ncipal value of ail accaurtts �ayabLe to investors on .
<br /> �:. �, ' Prepared by and return to:
<br /> ' Kent D. Wilson. Asst. Loan Officer
<br /> Lutheran Church Extension fund-
<br /> � Missouri Synod
<br /> � �333 S. Kirkwood Road
<br /> St. (.ouis. MO 63�22
<br /> 2.
<br /> ,'
<br /> , _
<br /> ,
<br />
|