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F 14 85-- 00'349 Witness my hand and official seal. My Commission expires: (completed on original] (NOTARIAL SEAL] [cam feted on original) Notary ubllc (completed on original) Address or otary NOTICE TO BORROWER: DO NOT SIGN TIM LOAN AGREEMENT BEFORE YOU READ IT. TIM LOAN AGREEMENT AUTHORIZES THE LENDER TO REFUSE TO ACCEPT PARTIAL PREPAYMENTS WHICH ARE NOT TENDERED ON THE DATE MONTHLY INSTALLMENTS ARE DUE. PARTIAL PAYMENT OF ANY INSTALLMENT DUE SHALL NOT CONSTITUTE PERFORMANCE AS PROVIDED IN THIS NOTE. s s s s s s s s s IF YOU HAVE ANY QUESTIONS PLEASE CONTACT: THE CHRISTIAN CHURCH EXTENSION FOUNDATION POST OFFICE BOX 27467 DENVER, COLORADO 80227 (303) 989 -0370 OR 1 -800 -THE CLEF [end of text of noted B. Mortgagor covenants and agrees that this mortgage or deed of trust is additionally subject to all terms and conditions of the construction loan agreement between mortgagor and beneficiary of even date herewith, which is, by this reference, incorporated herein as additional terms and conditions of this mortgage or deed of trust. Mortgagor additionaily covenants and agrees that any default under the provisions of said construction loan agreement shall also he default under this mortgage or deed of trust and that waiver at any time of a breach of any provision hereunder or provision under said construction loan agreement shall not, at any other time, be taken to be a waiver of the terms hereof or of the right to exercise one or more remedies by beneficiary. C. It is further mutually agreed that any extension of the note shall not create a novation, and that the lien of the mortgage or deed of trust as to principal and adjusted interest as accrued shall at all times be on a parity with the lien of the mortgage or deed Of trust as to principal and initial interest rate at date of execution of the note. D. In addition to the amounts secured hereby mortgagor covenants and agrees that any and all amounts advanced by beneficiary pursuant to its note, construction loan agreement, and this mortgage or deed of trust shall be deemed a part of the debt hereby secured and recoverable as such in all respects. R. Mortgagor agrees that, during the term hereof, and not to exceed the real estate as legally described in the mortgage or deed of trust (1) any greater title of mortgagor to the said real Mate or, (2) title to the said real estate hereafter acquired by mortgagor, upon either such event, shall be subject hereto, deemed to he n part of the said real estate and, to the maximum extent permitted by law, shall hav, the same lien rank and Priority as that first occurring under this mortgage or deed of trust. DATED this 29th day of April, 1985.