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<br /> 7�- UU5 � '75 _
<br /> ' Btien tite documenCs mentioned in r,lau�er; ( aj cn ( t; ) , inclusivc , oi' cli:is
<br /> 5ection sfi111 have heen £iled with Lhe Tru:;tef� :utd wiien s:aid lsonus at�al.l i�ave i>een
<br /> execuY.ed and uuL-lieitticnt-eil as r. ec� uirr.d by rhi:> 1•iortglg�� , �he TrueCee . siiall dcli.ver
<br /> Huid Honds at . one time , tu nr upon � order o_ tiie fiaccal agenL for riie : Le� sor.
<br /> Uut onZy u�aon pa}Rr.ent to the 7:ruste.� ;i` tiie�. purch�se price of heYid hunds as se [ forth
<br /> �� in :�aid xexolution awarding :tlie �Souna .
<br /> �Ir :
<br /> ;,.
<br /> Simultaneously with thi>. deli•�ery of said Tionds , the Txustee r,haT1 apP1}�
<br /> ttte ; pLoceeds ,(eacluiiing :secrued interest) af caid Bor.ds as zollows :
<br /> �.
<br /> � (i.) ttte :Trustee Bii�sll .pay the preni.urn, .caith resp�ct to L'he policies oi
<br /> �` xitle :in�uranee sequired Uy .rhe :Lease ;
<br /> ;:"
<br /> {ii) a fiscal .ugenc✓ €ee o� $7 , 250 : 00 str�11 6e paid to Rnberl: B .
<br /> Schweser Conpany Incorporateci , as tiscal agent Por tiie i.es�or. ;
<br /> �t , (iii) xlte Trus �ee shall depos_t the oaiance of suct; proceeds to the er?dit
<br /> ' � of the . Conat�u¢tion ,Fund . mid xo the account Ai ttte Company in �u11 satisiaction of
<br /> the .puzc�iaKe price for xhe Eristing Pzqperty , as directed .by the Company. .
<br /> � Section 209 . THis MnrL �age is given in order . to ,ecure funds to pay, in
<br /> parL , iar new conatructinn and , b�: reason thereoi. , it is 'intended that this t4ortgage
<br /> ,, ` shall : oe cuperior to any laborers ' , meciianics ' , -or materialmen ' s liens -uttich may be
<br /> '; placVd .unon Clie ProjecL .
<br /> 1,,
<br /> > � ��
<br /> Section Zl� . Sn addition to tlie San�3s 'issued under ti�e urovisiar.s of tl;is
<br /> ilrticle , : induetrial rleveloument . re�cenue honds of _he lesso: ma� ' be is:,ued Tron xime
<br /> to -tise .under
<br /> �'
<br /> r and se�ured by tiii� t4ortga�e , nn a parity t;ith tne hond, tiieretof. ore .issued under tite
<br /> �:�TDVIF,IORS .OI Yt115 ��iO1:L�d�E AllCl � ttlL'R � OLLLSL1I1C3111n � Sll(J� CCL �.�CO . �'I2C- � COttC11.L1UR6 11CTE'1I112tC_T -
<br /> �eL Eorth 'in this :Secxion , for tne nurnose o� n�ying all ar any par;; oi the - cost oi any
<br /> , , ,! .Idditional Iapr. over+ents ; , pr. ovided , hocaever. , tiiaz ziu a�gre�ate princ:nal �ount oi
<br /> � bonds issued uctdcr ttte orovisions oi L-nis ! lort�age 3iiail not in any evenr e:cceed an
<br /> ' amount equal to $].00 , Q00 less tiiar. �ite n..a::imun; anpTicai�le bond issue li�ta�ion in
<br /> ' `Section :103 (c ) (6 ) (ll ) of tfie Internal Revenue Ccde of 19�4 , as amended and n-Dvideri
<br /> further., . ttiat anv such additional boncis say be issued under �nis Sectior, pi�1c :if su�h
<br /> � iasuance . shall nat result :ir. �:ttng rite interest r,n an} bonds issued under tnis �!ortdage
<br /> aubject to Federal income : tases (e:tcept as pro*;ided in Section .lQ3 (c) (7 ; oi s •aid .Code , .
<br /> as �aended ) .
<br /> > ' ";
<br /> .i Befor. e . an� Uonds sii•�ll be issued utider tne pro�isions o� ti:is Section , tnc
<br /> Governing L'od,; siiall adont a resolu�iun autiiori�ing tne issuance oi such t�onds , =i:•:ing
<br /> � tne a.-nount and deta_ls tnereos and iiescribin�; in brie� atid �;eneral te?-s �-i�e �ldditionw
<br /> , Innrove�ents to i�e acquired or con& �_ucted . Ti�e i�onds or eaeii series issu��u under the
<br /> PYOVIE.IDRS � Oi ��}:15 �L' CL1CI1 Stl[?��. CORSOT'L'l LO �ItL' apD�1CII�1C pTOV.lu10I15 OI thi5 'torr„age � . -
<br /> and c�hall pro�*i�le fo: tiie nay�enr. of rates of _nterest and for su::li o �i�er ciiarac�er_st��s
<br /> as nhull . i�e ri:ced ar.d deLet-ciined i�:- tiie Guverning isudy and as set forth in a Sunple�ent
<br /> to this 24or��age , provicied : �
<br /> 1 . Tiiat eacii suci� i.asue oi additianal i:onds xiien so issueci , si�all i�e ui_` fer-
<br /> - entiated rram all p�evious issues b_✓ apprnuria�e dcsi�narion inscrioed thereon; aud ,
<br /> 2 Tiiat any ��ddit_onal ounds shall �ec�:ne due seriall}• ( or ;; itall ne �err� P.onds
<br /> retired :fro� sin4c:ng =ui:d pa}r, ients ? =ii relati�iel�: equal amiu;.:i urincip::1 and intere� �
<br /> � j1AVI]1CIL�6 IIItL� t]L' CGSC' [{l1E'_ OVt'_T � a neriud OT Vl,1�: 17Di L':ST}'�L'Y _'[IIIC L'.Lrhteen � 1ci � ^:pI1L115 _TC� �
<br /> tit� clate o? sucl: additional issue and ii�aving a =ina1 :uaturi�: not earlie� than � iie
<br /> fina7. auturity of any oi ;,he honds o� prior series ie. cued iiereunder anu ttien out., �anein� ;
<br /> and
<br /> 3 . Tiiat any such addition:;1 Uands sha11 u� redee�ole bv ca11 in advance oi
<br /> maturity anly on . a pro rata iu�:;is witi: tiie hands oi :11 nrior ;;cries u •�seu unon tite
<br /> - aggr. egat� nriiicinal amaunc o : bands of each such sr_ries tiien out:: catiding , e:ccept ti�at
<br /> in the case of prior redemotian oi uoncis fur tite purnnse o_ re_ undiu�; b�; isauance ui
<br /> an .Cddirianal ¢eries thereoi , �ne ].essor �.7�� designate ;:iie serics af i�oncis to i,e
<br /> rcdeemed and xetized , s:itliout se�;ard to nrior o: suusequecic e�cries oi 6utids s.hi.cii na��
<br /> � " � then i�e outstanding . "
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