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200600619 WHEREAS, the most recent monthly installment of principal and interest owing under the Note will be paid on February 1, 2006, and after application of that payment, the outstanding principal balance owing under the Note will be Six Hundred Twenty-One Thousand One Hundred Twenty-One and 49/100 Dollars ($621,121.49). WHEREAS, it is beneficial to the above named parties to modify and amend certain provisions in the Note and Mortgage. WHEREAS, Borrower warrants to Thrivent Financial that it has not granted or pennitted any other liens which presently encumber the Property described herein and will not so encumber the Property without Thrivent Financial's prior written consent. NOW, THEREFORE, in consideration ofthe above recitals, the covenants and agreements contained herein, the sum of One and Noll 00 Dollar ($1.00) paid, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned agree as follows: 1. Notwithstanding any provisions of the Note, Mortgage and/or First Allonge to the contrary, effective February 1, 2006 the Note, Mortgage and First Allonge shall be, and the same are hereby modified, altered and amended in the following respects: (a) Capitalization of Refinancim! Fee. Thrivent Financial and Borrower agree to allow Borrower to capitalize and add to the outstanding principal balance owing under the Note, Thrivent Financial's refinancing fee in the amount of Six Thousand Two Hundred Eleven and 21/100 Dollars ($6,211.21) ("Refinancing Fee"). Thus, after application of the February 1,2006 payment, and with the capitalization of the Refinancing Fee, the outstanding principal balance owing under the Note shall equal Six Hundred Twenty-Seven Thousand Three Hundred Thirty-Two and 701100 Dollars ($627,332.70). (b) Interest Rate. The interest rate on the Note shall be reset to five and five eighths percent (5.625%) per annum. (c) Monthly Payments of Principal and Interest/New Maturitv Date. Borrower shall make equal monthly payments of principal and interest in the amount of Three Thousand Nine Hundred and No/IOO Dollars ($3,900.00) commencing on March 1, 2006, and continuing on the first (1 st) day of each month thereafter until February 1,2030, at which time all outstanding principal and all accrued and unpaid interest shall be due and payable, the new maturity date. (d) Additional Provisions. The following paragraphs are hereby added to the Note and Mortgage: (i) Thrivent Financial has the option, upon ninety (90) days' prior written notice, to adjust the rate of interest under the Note effective February 1, 2 Church Modification 01/13/06