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<br /> ~ nn <br /> m ~> <br /> .." m (I) ~I <br /> c: ('):J: <br /> Z ~ <br /> This document has been preparQ ~ "" => o (J) <br /> 0 I c::;> O-i <br /> en> <br /> m> C/) ~~ c::t> <br /> nC/) I :3 z-i <br />I\.) ",,:I: I ::.:c -iJ'Tl <br />IS -c: -<0 oiJ" <br />IS Mission Investment Fund - ELCl I o"'Tl <br />0) CD "'Tlz ~I <br />IS Attn: Church Loan Department I -.,., ~ :r:fT1 <br />.J::>.. <br />G 8765 West Higgins Road I 0 ::t>c:l <br />.J::>.. rn l ::D ,:::tl <br />0) Chicago, IL 60631 I rn ::3 ,> <br /> 0 (J) <br /> I (J) .- :::00; <br /> .- J> <br /> Loan No.: 110111001 2006104046 <br /> -= -- <br /> co (J) cnz <br /> C/' 0 <br /> [Above space reservedfor recording information.} <br /> <br /> <br /> <br />"BUY DOWN" MODIFICATION OF PROMISSORY NOTE <br />and <br />MORTGAGE <br /> <br />THIS "BUY DOWN" MODIFICATION OF PROMISSORY NOTE and MORTGAGE (""Buy <br />Down" Modification") is made and entered by and between Calvary Lutheran Church, an <br />incorporated corporation ("Congregation"), whose address is 1304 N Custer Ave, Grand Island, <br />NE 68803 and MISSION INVESTMENT FUND OF THE EVANGELICAL LUTHERAN <br />CHURCH IN AMERICA, a Milmesota corporation ("Fund"), whose address is 8765 West <br />Higgins Road, Chicago, Illinois 60631. <br /> <br />WHEREAS, the Congregation executed and delivered to the Fund that certain Promissory Note <br />dated July 6, 1995 evidence of an indebtedness in the original principal amount of Three Hundred <br />Thousand Dollars and Noll 00 ($300,000.00) ("Loan"). <br /> <br />WHEREAS, to secure the repayment of the Note, the Congregation executed and delivered to the <br />Fund that certain Mortgage dated July 6, 1995 and recorded in and for Hall County, Nebraska, on <br />July 6, 1995 as Document No. 95-104508 ("Mortgage"), covering the following described real <br />estate in Hall County, Nebraska: (Lot Five (5) Calvary Subdivision, City of Grand Island, Hall <br />County, Nebraska), as described in the Mortgage. <br /> <br />WHEREAS, the most recent monthly installment of principal and interest owing under the Note <br />was paid on April 13, 2006, and after application of that payment, the outstanding principal balance <br />owing under the Note was Two Hundred Five Thousand One Hundred Twentv Five Dollars and <br />03/100 ($205,125.03). <br /> <br />WHEREAS, it is beneficial to the above named parties to modify and amend certain provisions in <br />the Note and Mortgage. <br /> <br />NOW, THEREFORE, in consideration of the above recitals, the covenants and agreements <br />contained herein, the sum of One and No/100 Dollar ($1.00) paid, and for other good and valuable <br />consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned agree <br />as follows: p~ty\.v ~ U (J5 <br />After Recording, Mail to: <br />Chicago Title Ins. Co. <br />Attn: Leroy R. Berry <br />171 N. Clark St.- 04SP <br />Chi~ago, IL 6060L___ <br />