EXHIBIT 1.1 DISTRIBUTION AGREEMENT $20,000,000 SERIES C SECURED INVESTOR CERTIFICATES AMERICAN CHURCH MORTGAGE COMPANY (THE "COMPANY") AMERICAN INVESTORS GROUP, INC. (THE "UNDERWRITER") April 1, 2009 TABLE OF CONTENTSDistribution Agreement • April 1st, 2009 • American Church Mortgage Co • Real estate • Minnesota
Exhibit 10.3 Execution Version SECURITY AGREEMENT As of the 26th day of July, 2007, in consideration of the execution and delivery of that certain Revolving Credit Agreement dated as of even date herewith (as amended, restated, supplemented or...Security Agreement • August 1st, 2007 • American Church Mortgage Co • Real estate • Georgia
EXHIBIT 10.1 SUPPLEMENT AND AMENDMENT TO ADVISORY AGREEMENTAdvisory Agreement • August 18th, 1997 • American Church Mortgage Co • Mortgage bankers & loan correspondents
NOTE Exhibit 10.2 $15,000,000.00 July 26, 2007Revolving Credit Agreement • August 1st, 2007 • American Church Mortgage Co • Real estate
FOR VALUE RECEIVED, the undersigned AMERICAN CHURCH MORTGAGE COMPANY, a Minnesota corporation (the "Borrower"), hereby promises to pay to KEYBANK NATIONAL ASSOCIATION, a national banking association (the "Payee") or order, in accordance with the terms of that certain Revolving Credit Agreement dated as of July 26, 2007 (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), among the Borrower, KeyBank National Association ("KeyBank"), for itself and as the Agent, and such other Banks as may be from time to time named therein, to the extent not sooner paid, on or before the Maturity Date, the principal sum of FIFTEEN MILLION and NO/100 Dollars ($15,000,000.00), or such amount as may be advanced by the Payee under the Credit Agreement, with daily interest from the date hereof computed as provided in the Credit Agreement, on the principal amount hereof from time to time unpaid, at a rate per annum on each portion of the principal amount which
FORM OFLoan and Security Agreement • September 17th, 2008 • American Church Mortgage Co • Real estate • Minnesota
AMERICAN CHURCH MORTGAGE COMPANYUnderwriting Agreement • May 22nd, 1997 • American Church Mortgage Co • Mortgage bankers & loan correspondents • Minnesota
GEMISYS CORPORATION [LETTERHEAD]Shareholder Services Agreement • June 29th, 1999 • American Church Mortgage Co • Mortgage bankers & loan correspondents • California
WITNESSETH:Indenture • December 28th, 2009 • American Church Mortgage Co • Real estate
EXHIBIT 10.5 SECURITY AGREEMENT THIS SECURITY AGREEMENT ("Security Agreement") is made as of April 1, 2009, by American Church Mortgage Company, a Minnesota corporation (the "Company"), in favor of Herring Bank, a state banking institution, as trustee...Security Agreement • April 1st, 2009 • American Church Mortgage Co • Real estate • Minnesota
KeyBank Real Estate Capital 1200 Abernathy Road, NE Suite 1550 Atlanta, GA 30328 April 30, 2008 American Church Mortgage Company c/o Church Loan Advisors, Inc. 10237 Yellow Circle Drive Minnetonka, MN 55343 Attn: Phillip J. Myers Scott Marquis Re:...Revolving Credit Agreement • May 15th, 2008 • American Church Mortgage Co • Real estate
This letter serves to amend Section 9.5 of the Revolving Credit Agreement to permit the amount of Non-Performing Assets to total up to, but not including, twenty-five percent (25.0%) of the sum of its Consolidated Tangible Net Worth plus Actual Loan Loss Reserve Balance through December 30, 2008. Please note that the testing of this financial covenant on December 31, 2008 shall be completed at the original twenty percent (20.0%) level.
Exhibit 10.2 FORM OF REVOLVING NOTERevolving Note • September 17th, 2008 • American Church Mortgage Co • Real estate
American Church Mortgage Company, a Minnesota corporation (the "Borrower"), for value received, hereby promises to pay to the order of Beacon Bank, a Minnesota banking corporation ("Lender"), at the Lender's principal place of business at 19765 Highway Seven, Shorewood, MN 55331, or at such other place as may be designated by the holder hereof, in lawful money of the United States of America, the principal sum of Eight Million Dollars ($8,000,000.00), or such lesser amount as may be advanced from time to time, together with interest at the Wall Street Journal Prime Rate (the "Prime Rate") as such rate is established from time to time. The Prime Rate is currently 5%. The interest rate is subject to a floor of 5%. If the Prime Rate is greater than 6%, the interest rate hereon shall be reduced by 50 basis points, subject to a floor of 6% (e.g., if the Prime Rate is 6.25%, the interest rate hereon shall be equal to 6%; if the Prime Rate is 7%, then the interest rate hereon shall be equal t
------------------------------------------ ---------------------------------------- AMERICAN CHURCH MORTGAGE COMPANY BEACON BANK 10237 YELLOW CIRCLE DRIVE 19765 HIGHWAY SEVEN MINNETONKA, MN 55435 SHOREWOOD, MN 55331 Line of Credit No. 1039073 Date...Line of Credit Agreement • April 26th, 2002 • American Church Mortgage Co • Real estate
SECURITY AGREEMENT (COLLATERAL PLEDGE AGREEMENT) DATE JULY 22, 1999 DEBTOR AMERICAN CHURCH MORTGAGE COMPANY BUSINESS OR RESIDENCE ADDRESS 10237 YELLOW CIRCLE DRIVE CITY, STATE & ZIP CODE MINNETONKA, MN 55343 SECURED PARTY BEACON BANK ADDRESS 19765...Security Agreement • August 26th, 1999 • American Church Mortgage Co • Real estate
FORM OF Exhibit 10.3 SECURITIES ACCOUNT CONTROL AGREEMENT This Securities Account Control Agreement ("Agreement") is dated as of September 12, 2008, by and among HERRING BANK, a Texas state banking institution, in its capacity as a "securities...Securities Account Control Agreement • September 17th, 2008 • American Church Mortgage Co • Real estate • Texas
---------------------------------------------------- ---------------------------- AMERICAN CHURCH MORTGAGE COMPANY BEACON BANK 10237 YELLOW CIRCLE DRIVE 19765 HIGHWAY SEVEN Loan Number MINNETONKA, MN 55435 SHOREWOOD, MN 55331 1039073 Date 03-18-2002...Loan Agreement • April 26th, 2002 • American Church Mortgage Co • Real estate • Minnesota
The Property will be used for a |_| personal |X| business |_| agricultural |_| ___ purpose. Borrower/Owner State of organization/registration (if applicable)
EXHIBIT 1.2 AMERICAN CHURCH MORTGAGE COMPANY SOLICITING DEALERS AGREEMENT Ladies and Gentlemen: We have entered into an agreement (the "Distribution Agreement") which is a part hereof and attached hereto, with American Church Mortgage Company, a...Soliciting Dealers Agreement • March 25th, 2009 • American Church Mortgage Co • Real estate
SECURITY AGREEMENTSecurity Agreement • November 7th, 2017 • American Church Mortgage Co • Real estate • Minnesota
THIS SECURITY AGREEMENT (“Security Agreement”) is made as of November 6, 2017, by American Church Mortgage Company, a Minnesota corporation (the “Company”), in favor of Herring Bank, a state banking institution, as trustee under the Indenture described below (the “Trustee”).
AMENDMENT NO. 1 TO AMENDED AND RESTATED REIT ADVISORY AGREEMENT CHURCH LOAN ADVISORS, INC.Reit Advisory Agreement • August 11th, 1999 • American Church Mortgage Co • Real estate
DISTRIBUTION AGREEMENT $10,000,000 SERIES E SECURED INVESTOR CERTIFICATES AMERICAN CHURCH MORTGAGE COMPANY (THE “COMPANY”) AMERICAN INVESTORS GROUP, INC. (THE “UNDERWRITER”) November 6, 2017Distribution Agreement • November 7th, 2017 • American Church Mortgage Co • Real estate • Minnesota
THIS DISTRIBUTION AGREEMENT is entered into as of this 6th day of November, 2017, by and between American Church Mortgage Company, a Minnesota corporation (the “Company”), and American Investors Group, Inc., a Minnesota corporation, as underwriter (the “Underwriter”).
AMERICAN CHURCH MORTGAGE COMPANY SOLICITING DEALERS AGREEMENTSoliciting Dealers Agreement • August 8th, 2014 • American Church Mortgage Co • Real estate
We have entered into an agreement (the “Distribution Agreement”) which is a part hereof and attached hereto, with American Church Mortgage Company, a Minnesota corporation (the “Company”), under which we have agreed to use our best efforts to solicit subscriptions for the Series D Secured Investor Certificates (the “Certificates”) of the Company. The Company is offering to the public an aggregate maximum of $10,000,000 worth of Certificates at a price of $1,000 per Certificate (the “Offering”).
DISTRIBUTION AGREEMENT $10,000,000 SERIES D SECURED INVESTOR CERTIFICATES AMERICAN CHURCH MORTGAGE COMPANY (THE “COMPANY”) AMERICAN INVESTORS GROUP, INC. (THE “UNDERWRITER”)Distribution Agreement • August 8th, 2014 • American Church Mortgage Co • Real estate • Minnesota
THIS DISTRIBUTION AGREEMENT is entered into as of this day of July, 2014, by and between American Church Mortgage Company, a Minnesota corporation (the “Company”), and American Investors Group, Inc., a Minnesota corporation, as underwriter (the “Underwriter”).
Exhibit 10.4 Execution Version COLLATERAL ASSIGNMENT OF DOCUMENTS, RIGHTS AND CLAIMS THIS COLLATERAL ASSIGNMENT OF DOCUMENTS, RIGHTS AND CLAIMS (hereinafter referred to as this "Assignment"), made as of the 26th day of July, 2007, by AMERICAN CHURCH...Collateral Assignment of Documents, Rights and Claims • August 1st, 2007 • American Church Mortgage Co • Real estate
AMERICAN CHURCH MORTGAGE COMPANY SOLICITING DEALERS AGREEMENTSoliciting Dealers Agreement • September 20th, 2017 • American Church Mortgage Co • Real estate
We have entered into an agreement (the "Distribution Agreement") which is a part hereof and attached hereto, with American Church Mortgage Company, a Minnesota corporation (the "Company"), under which we have agreed to use our best efforts to solicit subscriptions for the Series E Secured Investor Certificates (the "Certificates") of the Company. The Company is offering to the public an aggregate maximum of $10,000,000 worth of Certificates at a price of $1,000 per Certificate (the "Offering").
AMENDED AND RESTATED REIT ADVISORY AGREEMENT CHURCH LOAN ADVISORS, INC. THIS AMENDED AND RESTATED ADVISORY AGREEMENT is entered into as of this 22nd day of January 2004, between AMERICAN CHURCH MORTGAGE COMPANY, a Minnesota corporation (the...Reit Advisory Agreement • August 1st, 2007 • American Church Mortgage Co • Real estate • Minnesota
LOAN AGREEMENTLoan Agreement • April 11th, 2018 • American Church Mortgage Co • Real estate • Minnesota
This loan agreement (“Agreement”) is made this 9th day of April, 2018 by and Alerus Financial, N.A., a banking institution organized and existing under the laws of the United States, having an address of 2330 South Columbia Road, Grand Forks, North Dakota 58201 (“Bank”) and American Church Mortgage Company, a Minnesota corporation, having an address of 10400 Yellow Circle Drive, #102, Minnetonka, MN 55343 (“Borrower”), for the purposes of extending to the Borrower a Four Million ($4,000,000.00) Dollar credit accommodation on the terms and conditions set forth herein.
AMERICAN CHURCH MORTGAGE COMPANYUnderwriting Agreement • June 29th, 1999 • American Church Mortgage Co • Mortgage bankers & loan correspondents • Minnesota
AMERICAN CHURCH MORTGAGE COMPANYUnderwriting Agreement • September 23rd, 1999 • American Church Mortgage Co • Real estate • Minnesota
SECOND AMENDMENT TO LOAN AGREEMENTLoan Agreement • January 27th, 2021 • American Church Mortgage Co • Real estate
This sECOND Amendment to Loan Agreement (“Amendment”) is made this 20th day of January, 2021 by and between American Church Mortgage Company, a Minnesota corporation (“Borrower), and ALERUS FINANCIAL, N.A., a national banking association (“Lender”). Lender and Borrower are individually referred to herein as a “party” and collectively as the “parties”.
AMENDMENT TO LOAN AGREEMENTLoan Agreement • July 24th, 2019 • American Church Mortgage Co • Real estate
This Amendment to Loan Agreement (“Amendment”) is made this 22nd day of July, 2019 by and between American Church Mortgage Company, a Minnesota corporation (“Borrower) and ALERUS FINANCIAL, N.A., a national banking association (“Lender”). Lender and Borrower are individually referred to herein as a “party” and collectively as the “parties”.
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • July 24th, 2019 • American Church Mortgage Co • Real estate
Borrower: American Church Mortgage Company 10400 Yellow Circle Dr Ste 102 Minnetonka, MN 55343 Lender: Alerus Financial, N.A. 2300 S Columbia Rd Grand Forks, ND 58201 (800) 279-3200
