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<br /> Any persan in �� ossession of any Gond , unless suci� Bond shalI. be re.y, istered
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<br /> as �o priacipal alone , or of any �oupo:: a,pertaini:ig to an�• Brnxi , wl�atluz such iiond ;;i�sll
<br /> 6c ragistered as to i> rir.cipnl alone or not , re};ardless oi t:hc �snner ia �:hich he
<br /> shall l;n�e acquired possession , is liereb�� authnrizel tu represent i� insclf as the
<br /> absolute owner of suck Sund or ceupoa , as ttie case may be , and is hereby ;;ranted power
<br /> ' to [ransfer absolu[e [ itle thereto , �y deli��erp thereoi :;elor� Che maLurity af such
<br /> � llond , Co u bona fide purchaser for value (present or anteceden [ ) without noLiCc of prioY
<br /> ;, defenses or equities or claims of oc:ners?iip enforceable againsC his cr;�nsferor or :3ny
<br /> person in the chain of ti [ le . Ever,y prior holder or oc-ner of any I3ond or of .any coupon
<br /> appert�inin� Co nny Ilond shall 6e deemed to l�sve �,aived and renounced a .tl uf his equities
<br /> or rigt�ts therein in favor of every such bona fide purchaser , and every such bocia fide
<br /> purchaser shall acquire absolute title thereto aiid co alI ri.gtits represented thereby .
<br /> Section 208 . Prior to or sitaultaneously »ith the nuthentic3tioc; and �ielivery
<br /> ' � of the 5eries A Sonds by tlie Trustee there shall be filed zaith ehe Trustee the following :
<br /> 4 .
<br /> ' (a) � copy certified by the Lessor ' s Clerk , of [he resolution uf the
<br /> Governing Bu3y authorizing the issuance and sale of the Fsunds and che execution und
<br /> delivery ot the Lease and the Dfortgage ;
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<br /> (b ) esecuted co miterparts oi [he *torcga�e , the I.ease and the Coc:tract
<br /> referred to in said resolution ;
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<br /> (c ) nn opinion of counsel for the Company , stating �zith respect [o [he
<br /> Comnany that (i ) it is a corporation duly orFanized and e�isting under che
<br /> r laws of th� State �f :tsryland �nd du1}• qualitied te do business in the State ufNeb :aska ,
<br /> r und in good s � anding in such state , ( ii ) its eaecutien , making and perrarc�ance of the
<br /> � _ Lease have been duly authorized by all necessar�• corporate action and the Lease ltas been
<br /> S ? duly executed b�• it , and , assuming praper authorizatiou and esecution ehereof by the
<br /> � Lessor , tlie Lease consti [utes a valid and bindinf agreement uf the parties thereto in
<br /> accordance witi� its [erms , ( iii ) na provision of �he Lease ��iolates any provisior. of the
<br /> Company ' s :�rticles of incorporation or B}•-laws , or results in [he breach of , or cunstitutes
<br /> a default under , any agreement , indenturc or other instrument to which it is a partr ar Up
<br /> Whi.cii it ma� be bound and ( iv ) its axecution , making er periorr,iance of Che Lease is no [
<br /> � subject to any authorization , consent , :ipproval or review of any goaernr.ental badV er
<br /> regulator�� authorit� not [hcretofere obtained or effected , if required ; provided , hauever ,
<br /> � tha[ the foregoing opinion ma�• be qualitied [o the e�tent that Che enforceability uf tl�e
<br /> j Lease may be linited b} bankruptcy , insolvency or other laws affecting creditors ' rights
<br /> generally ;
<br /> (d ) an opinion U�• special bond counsel stating [hat { i ) the C?C@CUtlOtl and
<br /> deliver} of the Lease have 6een dul}• authorized b� the Lesser , lii ) the I.ease is in
<br /> e � ttie forra so authorized and has been dul}• c�ecu �ed and delivercd b�� thc Lessor , ( iii )
<br /> sssuming proper authenticatien and e�ecutien of iiie Lease by the Cerp ;tnv , the Lease
<br /> constitutes a valid and binding agreement ui the Lessor snd the Campati�• ia accordance
<br /> with its terns , and (iv ) thc Lessor nas iull and lawful authority to provide , ewn ,
<br /> administer , lease and cause to bc operated and ,�.aintained ttie Demised Premises as
<br /> provided in the Lease and this :tor [gage ;
<br /> (e ) a nortgagee � s [ i [ le insurance polic�• in form :inJ substance consistent
<br /> with title insurance policies gencrall�• acceptahle in NeUraska b}� iinancial institutions ,
<br /> which shall be acceptable to Lhe Trustee , insurin � tlie Lessor ' s interest or title in
<br /> ;� und to [ he real estaee constituting par [ of the E� isting Prepert� , subject cu this
<br /> t;ortgage and the Lease , and c.}�en a cee interest as n f��ed and r.urketable [ itic free of
<br /> all liens , ettcumbrances and defects of title eaceptin�; onl� such liens , encumbrances
<br /> and defects of title c.hich in the opinion uf the insurer �aill not have a materiall�•
<br /> adverse etfect upon [ he Lessor ' s ri�ht to use said real esta [e Yor the purposes as
<br /> provided in this :turtgage ;
<br />' ` ` ( f ) an opinion of special bond counsel certifvinf; [hat such cuunsel is ef
<br /> � � . the opinion that the interest un thc Gonds authori� ed end issued pursuant ta Section
<br /> � `'' ' 208 of this iSor [ �age is esenpt from Federal incomc taxes undcr e�istint; law ;
<br /> (g ) an opinion of spccial bond caunsel canfirnint; tha [ thc issuancc of said
<br /> IIonds has been duly autherized and that all conditions precedent eo the dclivery of
<br /> said IIonds have been ful [ illed and that said 8onds wlicn issucd and dclitcred will be
<br /> valid and binding speci�l obligations of [he Lessor accurdin� to tlicir terms ; ..;:;. I - : -;�
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