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76005724
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76005724
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Last modified
7/15/2017 8:08:09 PM
Creation date
9/16/2014 10:06:59 AM
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DEEDS
Inst Number
76005724
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, <br /> "• 'r: <br /> , <br /> . _ � �4�,,� <br /> � � � � <br /> , � <br /> ;_ <br /> < � 76- 4� 05 '72 �? <br /> ti; <br /> �s��:; � � � <br /> 4: � � � � � � . . <br /> 3'� <br /> `N] . <br /> ARTICLE V <br /> 4 �� �. . � . � . <br /> Ni� <br /> * � � � . . . . . . . . <br /> �� � � Rr.t�rmoFs nr�� r• �rms � � <br /> , ;sg' ( IIOAtD FU�ID ) <br /> � Y�� <br /> � ` � . <br /> l <br /> <t <br /> ' f� Section 1 . The Bonds herein authorized are not general ' ` <br /> � Py:{ <br /> A � <br /> �� obligations of the County , but are limited ohliqations payable ; . <br /> � solely from revenues , income and other property derived from the ' <br /> < <br /> ;;� <br /> � leasinq of the Project and as authorized by the Act ; and , as <br /> ; ,` provided herein , the F3onds are secured ( in the manner herein � <br /> � . <� <br /> i <br /> � `� provided ) by a ynortqage lien on the land , plant huildings and � <br /> �.�. �,, � <br /> ;i other facilities constituting the Project . � <br /> ',.�3' The Project has been leased to Lessee and under the Lease <br /> � and Aqreement the basic rent payments are to be remitted directly <br /> � � <br /> � to the Trustee foz the account of the County and de�osited in the ` <br /> � <br /> ` Bond Fund ( hereinafter created ) . The Tsond Pund , into which said basic � <br /> � <br /> ° ,� rent payments will be paid , will at all times have a halance sufficient � <br /> � in amount to insure the timely payr.ient of the pr. incipal of and interest <br /> ;3 <br /> � :� on the Bonds and the entire amount of. saifl basic rent payments is <br /> °� <br /> �+ pledged to the payment of the principal of and interest on the Bonds . <br /> �3 <br /> � <br /> 6ection 2 . There is hereby created by the County and <br /> r � <br /> '4 ordered established orith the Trustee a trust fund to be desiqnated <br /> �� <br /> in " liall County Industrial Developm� nt P.evenue Bond I'und ( �tiller <br /> ., <br /> � �,anufacturing Cor�pany Project ) " (which is sometimes referred to <br /> ?� herein as the " IIond Pund " ) , i�:hich shall be used to pa�� the interest <br /> �, � <br /> -;<;� � � <br /> �;� on and principal of said Aonds . <br /> . .Y-h/'t . . . <br /> � Section 3 . There shall be depnsited into the Bond l'und <br /> ;; <br /> .:-�:. <br /> <,�;�. <br /> � ,'{ all accrued interest and premium ( if any ) received at the time of <br /> �r <br /> � the delivery of the IIonds . In addition , there shall Lie deposited <br /> j ? into the Bond Fund , as and i•:hen received , ( a ) all basic rent oay - <br /> _ ..�z <br /> 4 cl <br /> s :� ments specified in Paraqraph 2 . 1 of the Lease and Aqreeroent and <br /> 3; _ <br /> ..,r, <br /> y ( b ) all other moneys received by the Trustee under and pursuant to <br /> ;r �_ ; . <br /> �;r, . ' .:a 37 " . <br /> N . <br /> �; any of the provisions of the Lease and Aqreement directing such � ,; , - <br /> � <br /> ; ,• , � <br /> r . �� .,4'�" i _. �,�d � <br /> � i� ,- <br /> � <br /> 5 -a <br /> �°"'G..- , (_ . J <br /> E <br />
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