DELTA PSI ALUMNI HOUSING CORPORATION

EXCLUSIVELY FOR PLEASURE, RECREATION, AND OTHER NON-PROFITABLE PURPOSES & ACTIVITIES, INCLUDING THE PROVISION OF HOUSING, FINANCING, & RELATED GOODS & SERVICES TO THE DELTA PSI CHAPTER OF THE KAPPA SIGMA FRATERNITY AT MICHIGAN STATE UNIVERSITY; AND TO ENGAGE IN ANY LAWFUL BUSINESS OR ACTIVITES RELATED THERETO; TO PURCHASE, TAKE, RECEIVE BY GIFT, WILL, OR OTHERWISE, LEASE, OR OTHERWISE ACQUIRE, OWN, HOLD, IMPROVE, USE, AND OTHERWISE DEAL IN AND WITH, REAL OR PERSONAL PROPERTY, OR ANY INTEREST THEREIN. TO SELL, CONVEY, LEASE, EXCHANGE TRANSFER, AND OTHERWISE DISPOSE OF, OR MORTGAGE, PLEDGE, CREATE A SECURITY INTEREST IN, DELIVER A DEED TO SECURE DEBT ON, OR OTHERWISE ENCUMBER, ALL OR ANY PARY OF ITS ASSETS OR PROPERTY, OR ANY INTEREST THEREIN.