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Minutes and Resolutions of the Board of TrusteesPage 1 of 3 Minutes and Resolutions of the Board of Trustees of a Non-Profit Corporation Authorizing the Refinancing of a Loan Pursuant to written notice delivered to each of the Trustees of , (Name of Corporation) a meeting of said Trustees was held at , on day of , (Time) 20 , at the corporate offices of , The following (Name of Corporation) Trustees, which constituted a quorum, were present at this meeting: 1. (Name of Trustee) 2. (Name of Trustee) 3. (Name of Trustee) 4. (Name of Trustee) 5. (Name of Trustee) 6. (Name of Trustee) 7. (Name of Trustee) 8. (Name of Trustee) 9. (Name of Trustee) 10. (Name of Trustee) On motion duly made and seconded, the following resolutions were unanimously adopted by said Trustees: WHEREAS, the Finance Committee of the Board of Trustees has determined that it is in the Minutes and Resolutions of the Board of TrusteesPage 2 of 3 best interests of the Corporation to refinance its present loan with , (Name of Lender) hereinafter called the Lender, which is secured by a deed of trust on the Corporation’s building at , , by borrowing the (Street Address) (City, State, Zip Code) sum of $ from ; and (Name of Lender) WHEREAS, in connection with consummation of said loan of $ , hereinafter referred to as the Loan, it will be necessary to execute certain agreements and other documents in connection therewith; and IT IS HEREBY RESOLVED that are hereby (Names of Officers) authorized and directed to execute and deliver in the name and on behalf of the Corporation all documents, certificates and agreements necessary with respect to the Loan, including, but not limited to the following: 1.Promissory Note, dated day of , 20 , in the principal amount of $ executed by the Corporation as maker, payable to the order of the Lender; and 2. Deed of Trust and Security Agreement dated day of , 20 , between the Corporation and the Lender. The loan documents referenced above, and all other documents necessary to consummate the transactions referenced in such documents are hereinafter referred to as the Loan Documents. FURTHER RESOLVED, that the Loan Documents are approved in all respects. FURTHER RESOLVED, that are hereby authorized (Names of Officers) and directed in the name of and on behalf of the Corporation to execute and deliver any such agreements, instruments, certificates, or other documents and to do and perform any other acts whatsoever which such persons deem necessary, appropriate or desirable in order to effectuate the Loan, all of which shall contain such terms and conditions as shall be approved by , and such approval will be conclusively evidenced (Names of Officers) by the execution thereof by said Officers; Minutes and Resolutions of the Board of TrusteesPage 3 of 3 FURTHER RESOLVED, that all prior acts of , in (Names of Officers) connection with negotiating the terms of the Loan are hereby approved, ratified and confirmed. There being no further business, the meeting was adjourned. ***************************************** Certificate of Secretary I, the undersigned , certify that: (Name of Secretary) 1. I am the duly elected and acting Secretary of , a (Name of Corporation) Corporation incorporated under the laws of ; and (Name of State) 2. The above minutes of the Meeting of the Trustees of , held (Name of Corporation) on day of , 20 , comprising pages, constitute a (Number) true and correct copy of the original Minutes of the Meeting. I have executed this certificate and affixed the Seal of the Corporation on day of , 20 . ________________________________ (Signature of Secretary) (Printed Name of Secretary) Seal