Do Old Testament promises to Israel apply to the Church?

How to read the promises of God to Israel in the Old Testament

1. The promises are literally true for the nation of ethnic Israel.

2. God has a glorious future for literal ethnic Israel when they repent and believe in Jesus.

3. All people of all nations who have faith in Jesus receive by grace the promises to Israel.

4. Therefore these promises are not simply literal but are glorious for they embrace all who believe regardless of race.

5. The promises of God are incremental culminating in the coming of Jesus Christ Lord.