MORTGAGE LOAN APPLICATION

Greetings in the Name of our Lord and Savior, Jesus Christ!

Attached is The Church Extension Fund (CEF) Loan Application which should be completed and

returned to CEF for submittal to the Board of Trustees for their approval. PLEASE NOTE: When the

aggregate of loans for any congregation will exceed $1,500,000.00, approval must be obtained from

the Special Loan Committee or District Convention. This may affect the timing of your application.

Mortgage loans may be made for a maximum of 25 years. At the present time the established rate of

interest is 5.875%. Congregations requesting loans from the Fund are currently requested to raise

supporting investments amounting to 25% of the loan.

The Church Extension Fund reserves the right to revise the interest rate at the end of each two-year

term of the loan. This is particularly important if we are to continue to offer the most favorable rates

to our investors. Prepayments are encouraged and may be made without penalty. It is the borrower’s

responsibility to pay filing fees and the cost of title insurance only. These costs may be included as

part of the loan or paid as incurred.

The needs of mission stations and subsidized congregations will receive priority consideration, but, to

the extent that money is available; the needs of self-supporting congregations will be met. All

congregations are encouraged, on the basis of good stewardship, to take advantage of the

comparatively low cost of financing through The Church Extension Fund.

As always, please do not hesitate to contact our office if you have any questions relating to this loan

process.

MORTGAGE LOAN APPLICATION

CHURCH EXTENSION FUND, INC.

1850 N Grand Avenue West, Springfield, IL 62702

CHURCH EXENSION FUND, INC.

Phone: 217/793-1802 Fax: 217/793-9454 E-mail: [email protected] Website: www.cid-lcms.org

MORTGAGE

LOAN APPLICATION

(OTHER THAN PARSONAGE LOANS)

AMOUNT OF LOAN REQUEST: $_____________________ DATE

TERM REQUESTED: 25 YEARS

TYPE: 2 YEAR ADJUSTABLE RATE MORTGAGE

PURPOSE (check one): Construction ________ Purchase ________ Remodeling ________ Other____________ Briefly describe purpose of loan

:

_____________________________________________________________________________________________ GENERAL INFORMATION:

Type of Corporation: ______Not-for-Profit ______Religious

CONGREGATION:____________________________________________________________________________ STREET ADDRESS:___________________________________________________________________________ MAILING ADDRESS:__________________________________________________________________________ CITY:_______________________________COUNTY:_______________________ZIP:_____________________ FEDERAL EMPLOYER IDENTIFICATION NUMBER (FEIN) ____ ____ - ____ ____ ____ ____ ____ ____ ___ CHURCH TELEPHONE #:_____________________________FAX#:____________________________________ NAME OF PASTOR:___________________________________________________________________________ NAME OF CONTACT FOR THIS APPLICATION:___________________________________________________ HOME TELEPHONE #:________________________OFFICE TELEPHONE #:____________________________ WHERE ARE SERVICES CURRENTLY BEING HELD? _____________________________________________ TOTAL NUMBER OF VOTING MEMBERS: _______________________________________________________ NUMBER PRESENT AT MEETING WHEN PROJECT WAS APPROVED:_______________________________ NUMBER FOR PROJECT:______________________ AGAINST PROJECT:______________________________

PLEASE ANSWER THE FOLLOWING FOR CONSTRUCTION/PURCHASE OF NEW FACILITIES:

PROPERTY ADDRESS:_________________________________________________________________________ LOT SIZE:____________________________ LOCATION: _________Urban _______Suburban ______Rural LAND USE AND ZONING OF SURROUNDING AREA:

______ Residential _______ Commercial _______ Industrial ______ Agricultural _____ Other ZONING OF CHURCH PROPERTY:

EMPLOYMENT STABILITY OF COMMUNITY IN WHICH PARISH IS LOCATED:

_____________Good _______________Average ___________________Fair ________________Poor AVAILABITIY OF UTILITIES: __________ Electricity __________Gas ________Water ________Sewer WAS AN APPRAISAL MADE OF THE PROPERTY? YES-AMOUNT$___________________NO_________ POPULATION: COMMUNITY__________________________ COUNTY_____________________________ POPULATION GROWTH: _________ % LAST DECADE __________ %ANTICIPATED IN NEXT DECADE NUMBER OF LUTHERAN CHURCHES IN AREA:__________________________________________________ DISTANCE TO CLOSEST LCMS CHURCH:________________________________________________________ HAS THIS PROJECT BEEN DISCUSSED WITH AREA LCMS CHURCHES: _____YES OR _____NO

MEMBERSHIP CURRENT LAST YR 2YRS AGO

BAPTIZED: ______________ _____________ ____________ COMMUNICANTS: ______________ _____________ ____________ MEMBERSHIP CHANGES:

GAINS: YOUTH CONFIRMED ______________ _____________ ____________ ADULTS CONFIRMED ______________ _____________ ____________ TRANSFERS IN ______________ _____________ ____________ TOTAL GAINS ______________ _____________ ____________ LOSSES: DEATHS ______________ _____________ ____________ TRANSFERS OUT ______________ _____________ ____________ REMOVALS, RELEASES, OTHER ______________ _____________ ____________ TOTAL LOSSES ______________ _____________ ____________ AVERAGE ATTENDANCE: SUNDAY SERVICES ______________ _____________ ____________ BIBLE CLASS-ADULT ______________ _____________ ____________ BIBLE CLASS-YOUTH ______________ _____________ ____________ SUNDAY SCHOOL ______________ _____________ ____________

DAY SCHOOL INFORMATION CURRENT LAST YR 2 YRS AGO

ENROLLMENT ______________ ______________ ______________ CURRENT INFORMATION:

# OF GRADES (e.g. P THRU 4 OR K-8, ETC) ______________ ______________ ______________

# OF FULL-TIME EQUIVALENT

PROFESSIONAL WORKERS: _______________ ______________ ______________ % STUDENTS THAT ARE MEMBERS

DAY SCHOOL INFORMATION (continued) CURRENT LAST YR 2 YRS AGO % OF ELIGIBLE CONGREGATIONAL

ENROLLED DAY SCHOOL: _______________ ______________ ______________ PROJECTED FUTURE

ADDITIONAL STUDENTS NEXT YR: _______________ ______________ ______________ ADDITIONAL STUDENTS IN 2 YRS: _______________ ______________ ______________ PROFILE OF MEMBERSHIP IN AGE RANGES: # OF MEMBERS NOW

AGES 0 – 4 YEARS ______________ AGES 5 - 9 YEARS ______________ AGES 10-14 YEARS ______________ AGES 15-19 YEARS ______________ AGES 20-29 YEARS ______________ AGES 30-39 YEARS ______________ AGES 40-59 YEARS ______________ AGES 60-69 YEARS ______________ AGES 70-79 YEARS ______________

AGES 80 AND OVER ______________

TOTAL MEMBERS NOW ______________

FINANCIAL HISTORY

INCOME CURRENT LAST YR 2 YRS AGO

CONTRIBUTIONS _______________ _____________ ______________ SUBSIDY _______________ _____________ ______________ GIFTS, BEQUESTS _______________ _____________ ______________ SALE OF ASSETS _______________ _____________ ______________ DAY SCHOOL TUITION _______________ _____________ ______________ OTHER_______________ _______________ _____________ ______________ TOTAL INCOME _______________ _____________ ______________

EXPENSES CURRENT LAST YR 2 YRS AGO

OPERATING EXPENSES _______________ _____________ ______________ DEBT SERVICE _______________ _____________ ______________ DAY SCHOOL EXPENSES _______________ _____________ ______________ DISTRICT/SYNOD SUPPORT _______________ _____________ ______________ OTHER___________________ _______________ _____________ ______________ TOTAL EXPENSES _______________ _____________ ______________ NET OPERATING BALANCE GAIN (LOSS) _______________ _____________ ______________ OPERATING ACCOUNT BALANCE _______________ _____________ ______________ Building Fund Balance _______________ _____________ ______________

FAMILY CONTRIBUTIONS PROFILE

PLEDGE PROFILE Level of Contribution:

Level of Contribution: # of FAMILIES # OF FAMILIES $ 0 to $ 500 _______________ _____________ $ 501 to $ 1,000 _______________ _____________ $ 1,001 to $ 2,000 _______________ _____________ $ 2,001 to $ 3,000 _______________ _____________ $ 3,001 to $ 4,000 _______________ _____________ $ 4,001 to $ 5,000 _______________ _____________ $ 5,001 to $ 10,000 _______________ _____________ $ 10,001 AND OVER _______________ _____________

PROJECTED FINANCIAL GROWTH

INCOME 1 YEAR FROM NOW 2 YEARS FROM NOW CONTRIBUTIONS __________________ ___________________ SUBSIDY __________________ ___________________ GIFTS, BEQUESTS __________________ ___________________ SALE OF ASSETS __________________ ___________________ DAY SCHOOL TUITION __________________ ___________________ OTHER_______________ __________________ ___________________ TOTAL INCOME __________________ ___________________ EXPENSES

OPERATING EXPENSES __________________ ___________________ DEBT SERVICE __________________ ___________________ DAY SCHOOL EXPENSES __________________ ___________________ DISTRICT/SYNOD SUPPORT __________________ ___________________ OTHER___________________ __________________ ___________________ TOTAL EXPENSES __________________ ___________________ NET OPERATING BALANCE GAIN (LOSS) __________________ ___________________

BUILDING FUND PLEDGE PROGRAM BUILDING FUND

TOTAL AMOUNT OF PLEDGED (# of pledging units__________) $_____________

LESS TOTAL FUNDS CONTRIBUTED TO DATE $_____________

LESS TOTAL PLEDGES ANTICIPATED PRIOR TO PROJECT COMPLETION $_____________ BALANCE TO BE RECEIVED FOLLOWING COMPLETION—TOTAL $_____________ BALANCE OF PROJECTED PLEDGES BY YEAR:

YEAR 1 FOLLOWING PROJECT $_____________

YEAR 2 FOLLOWING PROJECT $_____________

YEAR 3 FOLLOWING PROJECT $_____________

FAMILY PLEDGE PROFILE

PLEDGE PROFILE Level of Contribution

Level of Contribution: # of FAMILIES # OF FAMILIES $ 0 to $ 500 _______________ _____________ $ 501 to $ 1,000 _______________ _____________ $ 1,001 to $ 2,000 _______________ _____________ $ 2,001 to $ 3,000 _______________ _____________ $ 3,001 to $ 4,000 _______________ _____________ $ 4,001 to $ 5,000 _______________ _____________ $ 5,001 to $ 10,000 _______________ _____________ $ 10,001 AND OVER _______________ _____________ BUILDING PROJECT BUILDING INFORMATION

COST OF BUILDING: __________Estimate ________Bid $______________ COST OF FURNISHINGS: (Pews, Organ, Etc.) $______________ COST OF LAND/SITE: _________District ________Other $______________ SITE IMPROVEMENTS: (Landscaping, Parking, etc.) $______________

ARCHITECT FEES $______________

TITLE INSURANCE, LEGAL SURVEY, ETC. $______________ CONSTRUCTION LOAN INTEREST $______________

PERFORMANCE/PAYMENT BOND $______________

TOTAL OF ABOVE $______________(A) CURRENT DEBT TO BE REFINANCED $______________(B) (SOURCE : ____District ____Commercial ____Other)

TOTAL BUILDING FUND NEED (A) + (B) $______________(C) LESS:

CURRENT BUILDING FUND RECEIPTS TO BE USED $_______________ PROJECTED PLEDGE CONTRIBUTIONS BY COMPLETION $_______________ OTHER ANTICIPATED RECEIPTS-SOURCE_____________ $_______________

TOTAL RECEIPTS TO BE APPLIED TO PROJECT $_______________(D) NEW LOAN REQUIREMENTS (C) - (D) $_______________

ESTIMATED CONSTRUCTION START DATE:_____________________________________________________ ESTIMATED COMPLETION DATE:______________________________________________________________

FINANCIAL POSITION

EXISTING PHYSICAL FACILITIES OWNED

YEAR ORIGINAL PRESENT LOAN

PURCHASED COST VALUE BALANCE

LAND ___________ ____________ ___________ _____________ CHURCH ___________ ____________ ___________ _____________ PARSONAGE ___________ ____________ ___________ _____________ EDUCATIONAL UNIT ___________ ____________ ___________ _____________ OTHER ___________ ____________ ___________ _____________

INDEBTEDNESS OWNED TO WHOM

LAND: ______________________________________________________________________________________ CHURCH: ___________________________________________________________________________________ PARSONAGE: _______________________________________________________________________________ EDUCATIONAL UNIT: _______________________________________________________________________ OTHER: ______________________________________________________________________________ _____ OTHER ASSETS: INVESTMENTS-DESCRIBE________________________________________VALUE $_____________ OTHER-DESCRIBE_______________________________________________VALUE $_____________ OTHER DEBT:

OPERATING LOANS WITH_____________________________________ BALANCE $_____________ OTHER-DESCRIBE____________________________________________ BALANCE $_____________

CONGREGATION SUPPORTING INVESTMENTS WITH CEF $_____________ (25% of loan amount requested)

VERIFICATION

I/We hereby verify that I/We have reviewed this application and that to the best of my/our knowledge and belief that the information contained herein is true and correct.

AUTHORIZED SIGNATURES __________________________________________________ Name Office __________________________________________________ Name Office __________________________________________________ Name Office

CERTIFICATE OF CORPORATION SECRETARY

I hereby certify that I am the duly qualified and acting Secretary of the above referenced congregation, a corporation duly organized under the laws of the State of Illinois, and as such have custody of the books of said corporation, and that the attached instruments entitled Constitution and Bylaws of said corporation, are as of this date, true, correct and complete copies of said instruments, including all amendments which are now in full force and effect. I hereby also certify that at a lawful meeting of the voters of said congregation held on the ________day of __________, _____, at which a quorum was present, the following resolution was adopted:

BE IT HEREBY RESOLVED, that the congregation apply for a loan with the Central Illinois District Church Extension Fund, Inc. in the amount of $________________________________ for the purpose of

_____________________________________________________________________________________________ Secretary___________________________ Date: _______________________________