Church Of God Warranty Deed (Page 2 of 3) in pdf

TO HAVE AND TO HOLD, The said real estate, together with all and singular the

hereditaments and appurtenances thereunto belonging or in anywise appertaining, unto the

above-named Trustees, successors in trust and assigns, forever, subject alone to the following

limitations:

Said Board of Trustees shall hold title to, manage and control, or cause to be managed

and controlled, the above-described real estate for the sole and exclusive use and benefit of the

Church of God, having headquarters at Cleveland, Tennessee.

Said Board of Trustees shall have the right, with the consent of the State/Regional Overseer and

State/Regional Council of the Church of God, to sell, transfer and convey, or to borrow money and pledge the

property to secure the repayment of the same, at any time, provided that the amount involved shall not exceed that as

specified in the most recent edition of the Church of God General Assembly Minutes.. If the amount involved shall

be more than set out in the said General Assembly Minutes, then the said proposition or transaction shall be

submitted to the Executive Committee for approval and then to a duly constituted conference of the ministry of the

state, which will require a two-thirds majority vote for approval. If the said conference shall approve the proposition

by a two-thirds majority vote, then the State/Regional Board of Trustees, with the consent of the State/Regional

Overseer, shall have full power to sell, hypothecate, transfer and convey any of the said property, or to borrow

money and pledge the property for the repayment of the same.

In the case of mission states, approval of the Executive Committee shall be necessary in order to borrow

money or to encumber the state/region in any manner.

The limitations set forth herein are those appearing the Minutes of the General Assembly of the Church of

God most currently in effect and said Minutes are expressly incorporated herein by reference. The express trust

interest created herein in behalf of Church of God, regarding both real and personal property is irrevocable, unless

agreed to in writing by Church of God.

We covenant that we are lawfully seized and possessed of the said real estate; that we have a good and

lawful right to sell and convey the same; that the title so conveyed is free and unencumbered, except

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Church Of God Warranty Deed Page 2