As part of the land swap with the Gause Baptist Church, the GUMC purchased land from Wilson and Gloria Kyle. The first step was a resolution from the church to authorize the purchase, which is the first document below. This transfer consisted of the second document, the Warranty Deed with Vendors Lien and the third document below, the Deed of Trust. That Deed of Trust included provision for a $20,000 loan to the church from the Kyles. In October, 2022 that lien was released as the debt had been paid off many years before. That release is the fifth document below. The sixth document is the closing cost document followed by the last document which is that actual Real Estate Lien Note.
Overall, this means the church authorized the purchase and the total cost, including closing costs, was $27,879.00. The church borrowed $20,000 from the Kyle's and paid the rest up front.
Overall, this means the church authorized the purchase and the total cost, including closing costs, was $27,879.00. The church borrowed $20,000 from the Kyle's and paid the rest up front.
This is the church resolution to purchase the land.
This document is the Warranty Deed with Vendor's Lien
This Deed of Trust included a loan from the Kyles to the Gause United Methodist Church in the amount of $20,000.
This next document is the Release of Lien signed on October 7, 2022.
This document is the closing form for the transaction.
This next document is the Real Estate Lien Note. Apparently it was never filed with the county.