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200210890 <br />entire principal sum remaining unpaid hereunder, together with accrued interest, <br />may be declared immediately due and payable at the option of the Lender. <br />6.2 Recognized Service Organization. In the event that Borrower shall be <br />dissolved, merge with any other corporation or entity, cease to be recognized by <br />The Lutheran Church - Missouri Synod as a Recognized Service Organization, or <br />cease to use the real estate subject to the aforementioned deed of trust or mortgage <br />for the religious, charitable, or educational purposes of the Borrower, the entire <br />principal sum remaining unpaid hereunder, together with accrued interest, may be <br />declared immediately due and payable at the option of Lender. <br />6.3 Other Entities. In the event that Borrower shall be dissolved, merge with <br />any other corporation or entity, cease to be an auxiliary, an agency or a part of <br />The Lutheran Church - Missouri Synod, or cease to use the real estate subject to the <br />aforementioned deed of trust or mortgage for the religious, charitable, or <br />educational purposes of the Borrower, the entire principal sum remaining unpaid <br />hereunder, together with accrued interest, may be declared immediately due and <br />payable at the option of Lender. <br />7. Further Borrowing. In the event that Borrower shall, subsequent to the date <br />hereof, engage in further borrowing, or become voluntarily indebted to any other lender, without <br />the written consent of the Lender, the entire principal sum remaining unpaid hereunder, together <br />with accrued interest, may be declared immediately due and payable at the option of the Lender. <br />8. Default in Payment or Performance. The entire principal sum remaining unpaid <br />hereunder, together with accrued interest, may be declared immediately due and payable at the <br />option of the Lender in the event of any of the following: (i) default in the payment of any <br />installment of principal or interest when due in accordance with the terms hereof, (it) default in <br />the performance of any agreement contained in the Construction Loan and Disbursement <br />Agreement (the terms of which are hereby incorporated by reference) or the mortgage or deed of <br />trust securing payment of this Promissory Note, or (iii) default in the performance of any <br />agreement given by Borrower in favor of Lender including, but not limited to, any agreement <br />contained in any other promissory note, mortgage, deed of trust, assignment, pledge, security <br />agreement, or guaranty. <br />5 <br />