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170-283
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009191 <br />ARTICLE IV. <br />General`Covenants <br />r _ . <br />Section 401. The County -covenants that it will promptly pay <br />the principal of and interest on every bond issued under this <br />Mortgage at the place, on the dates and in the manner provided <br />herein and in said bonds, and in the coupons appertaining thereto,' - <br />according to the true intent and meaning thereof. The principal <br />and interest are payable solely from revenues in the Bond Fund and <br />derived from the leasing of the Project and: -all property pledged <br />therein', which revenues, -income and all.other property are hereby <br />specifically pledged to the payment thereof -in the manner and to <br />the extent herein specified, and nothing iii the bonds or in the <br />coupons or this Mortgage should be considered as pledging any <br />other funds, assets or credit of the County, exceptthe securing <br />of the obligation evidenced by the bonds and coupons by a mortgage <br />on the Project acquired and constructed with the proceeds of -the <br />bonds. <br />Section 402. The County covenants.that it will faithfully <br />perform at all times any and all covenants,: undertakings, stipula- <br />tions and provisions contained in:this Mortgage, inany and -every <br />bond executed, authenticated and delivered hereunder and in all <br />resolutions pertaining thereto. The County covenants that�'it is <br />duly authorized under the Constitution and laws of the State of <br />Nebraska, including particularly and without limitation, the Act, <br />.to issue the bonds authorized hereby and to execute this Mortgage,' <br />to mortgage the property described and mortgaged herein and to pledge' <br />the revenues, income and all other property in the manner and to the <br />extent -herein set forth; that all action on. its part for the issuance' <br />of the: bonds and -coupons and the execution and*delivery of this <br />Mortgage has been duly and effectively taken; and that the bonds and <br />coupons -in -the hands of the owners thereof are and will be'valid and <br />enforceable obligations of the County according to the import thereof. <br />Section 403. The County covenants that it lawfully owns <br />
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