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A. WHEREAS, pursuant to the certain Construction Loan Agreement ( "Loan Agreement ") dated
<br />May 1, 2000, entered into between Lender and Borrower, Lender has made a loan to Borrower in the
<br />principal amount of ONE MILLION SIX HUNDRED THIRTY -TWO THOUSAND AND 001100 DOLLARS
<br />($1,632,000.00) ( "Loan "), which Loan was evidenced by two (2) Promissory Notes (one in the amount of
<br />$1,132,000.00 maturing on May 1, 2005 [the "Term Note "] (the maturity date of the Term Note having
<br />been extended once before pursuant to section 3 of the Loan Agreement) and the other in the amount of
<br />$500,000.00, also maturing on May 1, 2005 [the "Revolving Note "]) each payable to Lender, and each
<br />dated May 1, 2000, which Notes are secured by a Deed of Trust dated May 1, 2000, and recorded on
<br />May 4, 2000 as Instrument No. 0200003646 of Official Records, Hall County, Nebraska ( "Deed of
<br />Trust "), which Deed of Trust encumbers certain property located in said county described in Exhibit "A"
<br />hereto ( "Property ").
<br />B. WHEREAS, Borrower desires to obtain another extension of the Term Note, to modify the
<br />interest rate under the Term Note, and has or will in connection herewith execute that certain Agreement
<br />to Modify Promissory Note and Deed of Trust of even date herewith ( "Modification Agreement ").
<br />C. WHEREAS, Lender is willing to consent to the extension of the maturity of the Term Note and
<br />modification of the interest rate under the Term Note subject to the conditions set forth below.
<br />NOW, THEREFORE, in consideration of the foregoing premises and other valuable
<br />consideration, the receipt and sufficiency whereof are hereby acknowledged, the parties hereto agree as
<br />follows:
<br />1. The Maturity Date of the Term Note is extended five years to May 1, 2010. The interest rate
<br />under the Term Note is hereby modified to a fixed interest rate, as more fully set forth in the Modification
<br />Agreement. The Revolving Note shall remain unmodified.
<br />2. The Deed of Trust is hereby amended to provide that it secures the Term Note as amended
<br />and extended.
<br />3. This Amendment shall become effective only upon the satisfaction of each and all of the
<br />following:
<br />3.1. The payment to Lender of the fee and other sums described in the Modification
<br />Agreement.
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<br />Advance Recorded Amendment
<br />Loan No.: 739M
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<br />CHURCH DEVELOPMENT FUND, IN r--
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<br />P.O. Box 66036
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<br />Loan No.: 739M 2 0 4 212 4 3 8
<br />(Space above this line for Recorder's Use)
<br />AMENDMENT TO DEED OF TRUST AND NOTE
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<br />THIS AMENDMENT TO DEED OF TRUST AND NOTE ( "Amendment ") is entered into as of
<br />September 27, 2002, by and between CHURCH DEVELOPMENT FUND, INC., a California nonprofit
<br />corporation ( "Lender ") and THIRD CITY CHRISTIAN CHURCH, a Nebraska nonprofit corporation
<br />( "Borrower ") with reference to the following facts:
<br />A. WHEREAS, pursuant to the certain Construction Loan Agreement ( "Loan Agreement ") dated
<br />May 1, 2000, entered into between Lender and Borrower, Lender has made a loan to Borrower in the
<br />principal amount of ONE MILLION SIX HUNDRED THIRTY -TWO THOUSAND AND 001100 DOLLARS
<br />($1,632,000.00) ( "Loan "), which Loan was evidenced by two (2) Promissory Notes (one in the amount of
<br />$1,132,000.00 maturing on May 1, 2005 [the "Term Note "] (the maturity date of the Term Note having
<br />been extended once before pursuant to section 3 of the Loan Agreement) and the other in the amount of
<br />$500,000.00, also maturing on May 1, 2005 [the "Revolving Note "]) each payable to Lender, and each
<br />dated May 1, 2000, which Notes are secured by a Deed of Trust dated May 1, 2000, and recorded on
<br />May 4, 2000 as Instrument No. 0200003646 of Official Records, Hall County, Nebraska ( "Deed of
<br />Trust "), which Deed of Trust encumbers certain property located in said county described in Exhibit "A"
<br />hereto ( "Property ").
<br />B. WHEREAS, Borrower desires to obtain another extension of the Term Note, to modify the
<br />interest rate under the Term Note, and has or will in connection herewith execute that certain Agreement
<br />to Modify Promissory Note and Deed of Trust of even date herewith ( "Modification Agreement ").
<br />C. WHEREAS, Lender is willing to consent to the extension of the maturity of the Term Note and
<br />modification of the interest rate under the Term Note subject to the conditions set forth below.
<br />NOW, THEREFORE, in consideration of the foregoing premises and other valuable
<br />consideration, the receipt and sufficiency whereof are hereby acknowledged, the parties hereto agree as
<br />follows:
<br />1. The Maturity Date of the Term Note is extended five years to May 1, 2010. The interest rate
<br />under the Term Note is hereby modified to a fixed interest rate, as more fully set forth in the Modification
<br />Agreement. The Revolving Note shall remain unmodified.
<br />2. The Deed of Trust is hereby amended to provide that it secures the Term Note as amended
<br />and extended.
<br />3. This Amendment shall become effective only upon the satisfaction of each and all of the
<br />following:
<br />3.1. The payment to Lender of the fee and other sums described in the Modification
<br />Agreement.
<br />RoboDocs.com
<br />Advance Recorded Amendment
<br />Loan No.: 739M
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