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holders of the bonds of this issue. Said rents are sufficient in amount to pay principal and interest on the bonds of this issue and the Series 2013 Bonds described herein. Said Lease - Purchase Agreement provides, among other things, that the basic rent payable by the College shall be net to the Corporation, that the College shall maintain the Project and that loss or damage thereto shall not reduce the rent payable by the College. The College has also previously issued its Refunding Building Bonds (Health Science Education Center Project), Series 2013 (the "Series 2013 Bonds "), in the original principal amount of $8,395,000 pursuant to the Indenture on a parity with the bonds of this issue; the Series 2013 Bonds remain outstanding in the principal amount of $8,265,000. The Indenture allows the issuance of certain refunding bonds on a parity with the bonds of this issue and the Series 2013 Bonds. The Corporation, however, reserves the right and option of paying bonds of this series maturing on or after June 18, 2019 at any time on or after the fifth anniversary of the date of original issue shown above at the principal amount thereof designated for redemption plus accrued interest to the date fixed for redemption. Bonds of this issue due as term bonds on March 1, 2027, bearing a stated interest rate of 3.000 %, (the "2027 Term Bonds ") shall be redeemed prior to their stated maturity and paid at stated maturity from mandatory sinking fund payments required to be made by Corporation under the Indenture in accordance with the following schedule: Redemption Date Amount Required to be Redeemed March 1, 2026 $170,000 March 1, 2027* 180,000 *Final Maturity 8 201403666 Bonds of this issue due as term bonds on March 1, 2029, bearing a stated interest rate of 3.000 %, (the "2029 Term Bonds "; and together with the 2027 Term Bonds, the "Term Bonds ") shall be redeemed prior to their stated maturity and paid at stated maturity from mandatory sinking fund payments required to be made by Corporation under the Indenture in accordance with the following schedule: Redemption Date Amount Required to be Redeemed March 1, 2028 $180,000 March 1, 2029* 185,000 *Final Maturity Such mandatory redemption of Term Bonds shall be at a price equal to 100% of the principal amount redeemed plus interest accrued on the principal amount being redeemed to the date fixed for redemption. Notice of redemption, for any redemption, optional or mandatory, shall be given by mail, sent to the registered owner of any bond to be redeemed at said registered owner's address in the manner provided in the Indenture authorizing said bonds. Individual bonds may be redeemed in part but only in $5,000 amounts or integral multiples thereof. This bond is transferable by the registered owner or such owner's attorney duly authorized in writing at the principal corporate trust office of the Trustee upon surrender and cancellation of this bond, and thereupon a new bond or bonds of the same aggregate principal amount, interest rate and maturity will be issued to the transferee as provided in the Indenture authorizing said issue of bonds, subject to the limitations therein prescribed. The Corporation, the Trustee and any other person may treat the person in whose name