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<br /> 7 -8130
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<br />� � 7a- ooli � s
<br /> � TOGETliER vith nll rente , income revenuee , profita nnd benefite et any timc derived ,
<br /> ' �% recaived or h+1d from any and all of the ebovc-deaeribed property of the Nortgagor ,
<br /> � 1'0 JfAVE AHD TO iIOLD the same forever , for the uece and purpoeee and upon [he terms , i
<br /> � l{ eanditione , provieoe end agreenente expreeeed and declared in the Mortgege , as
<br /> `� amended and supplemented hereby . `
<br /> �Y, �
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<br /> 3 2 , Tl� c Outstanding Notca are hereby confirmed ae notee of the Mortqegor
<br /> s�
<br /> entitled to the aecurity of the itortRnge , ne amenJed and aupplemented by this Supple-
<br /> l� mental MorCRnRe , nnd of the property by the Nor [qagc and thie Supplemental Hortgage
<br /> � :;, mortgaged nnd pledged , or intended so to be , equally and rntably vith one another
<br /> �: end vith other notee of the Hortgnqoc vhen and ne executed and delivered under and
<br /> � pureunnt to the Hortgage , as amended and aupplemented hereby , vithout preference ,
<br /> priority or dlatinction oF nny one of the lTutetandinq Notee or euch other notee over
<br /> � any other thereof nnd irrcepectivc of the dates of Chc execution , delivery or
<br /> maturi [y thereof , or of thc aenignmen[ or negotietion thereof .
<br /> Y
<br /> � � , Addltional notes executed nnd delivered puraunnt to section l of
<br /> ;� article I of the Mortgnge , ae arocnded hereby , are heceby included vithin the terms
<br /> `:i " additlonai notee " nnd "notes " , as deftned in the Hortgnqe , ee nmcnded herehy . '!he '
<br /> :� Current Note ( s ) , and refundlnq , reneWal nnd eubatituted notes executed and delivered
<br /> �� purauant. to said aection 1 of nrticle I , � re hereby included vithin the term "notes " ,
<br /> r ':s
<br /> ae defined in the MortRage , ne amended hcreby .
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<br /> +� 4 , Section 1 of article I of the Nortqage ia hereby nmended to rend ae
<br /> �', followe :
<br /> �
<br /> � SECTIOH 1 . The Hortqngor , vhen authorized by resolution or rceolutione
<br /> � of ita bonrd of directors , may from time to time ( 1 ) execute and deliver to
<br /> Y
<br /> 3i' United States of America one or more additional notes to evidence loana made
<br /> � by llnited States of Ameri.cn , actinR [hrough the Adminietrator oE the Rurnl
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<br /> Electrlfication Adminietration , to the HortRaqor . or to evidence indebtedneee
<br /> �j of thc FSortgagor incurred by the naewaption' by the ltortgaqor of the indebted- ,
<br /> ; ; � neas of a Chird party or purties to United States of America created by a loan
<br /> ',? or loane theretofore mnde by United Stntes of America , actinq ChrouRh the
<br /> ;� Administrator of the Rural Electrification Administrntion , to such third party
<br /> � or partie6 . Thc Nort�agor , r+hcn nuthorized by resolution or reeolutions of ita
<br /> � bnnrd of directorF , mny also from time to time execute nnd deliver one ar more
<br /> �R notce to rcfund nny no [e or no [ es nt the time outstnndinq end secured hereby ,
<br /> � or in renevel of , or in subacitution for , nny such outstandinR note or notes . j
<br /> � ;� Additional no [ es nnd refundiny„ reneval and subatituted notce shail contnin euch
<br /> � provisione and shall be eaecuted and delivered upoa euch termn and conditions
<br /> ;" ns the board of directora of the Nortgagor in tl�e rceolution or reaolutione
<br /> ' authorizinR the execution and delivery thereof nhnll prescribe ; provided , hov-
<br /> � evcr , thn [ [he notes nt nny ooe time eccured hereby ahall not exceed thirty -five
<br /> � million dollars - -- -- - - - - - - - - - - -- - - - - ( $ 35 , 000 , 000 ------} in nggregatc `
<br /> ' principal amount , nnd no note or nssumption shnll mn [ure more [hnc+ fifty ( SO )
<br /> �; yenrs after Navember 3 , 1976 . AddiCional no [ea nnd refunding , reneval and sub -
<br /> :� atituted notcs , when and as executcd nnd delivered , shall be secured by [hie
<br /> - tbrtRnRe , equnlly nnd rntably vith ail o [her notes et the timc outstanding ,
<br /> ; vLthout preference , priority , or dis [ inctian of any of the notes over nny other
<br /> '�a of the no [es by rcason of thc priority of the [ ime of the execution , delivery
<br /> " 1 :-'.; or mnturity thereof oc of Che eseiq�ment or negotia [ ion thereof .
<br /> ;=a
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<br /> ;ti 5 . Section 15 of artrcle II of the Mor [gnRe is hereby nmended [o read ae
<br /> ' follove :
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<br /> �1.. ':A: . .
<br /> �+ SECTION 15 . The Nartgngor , aubJect to npplicnble lave and rules and
<br /> .i ordere of reRulatory bodiea , viil deaign ite rntea for electric enerqy and
<br /> ;j other eervicea furniahed by it vith n viev to pnyinR and diechnrRing all taxee ,
<br /> =� mnintenance expenRen , coat of electric enerRy nnd other opera [ Lnq eapeneee of
<br /> i [n electric tranamission and dietribution syetem and eiectric Reneratinq
<br /> 's faeilitiee , if nny , nnd nlso to makinR nll paymente in re9pect of principal of
<br /> and inteces [ on the notee vhen ond ae the some ehall become due , nnd to pro -
<br /> i vLding and mnintatning reneonable vorking capitnl for the Hoxtgagor and a Times � _
<br /> = Intereet Earned Ratio (hcrein called "TIER" ) of nat lese thnn 1 . 5 and a Debt • ,�' , �, s �;
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<br /> L Form - Supp . Htge . - 3 - � ,, '
<br /> ; Rev . 3 / 73 �`
<br /> 7 -813U �
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