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` 0091,9 <br />_tion of the Bond Fund to pay the interest and'principal require <br />ments on the Series A Bonds as they become due;;'The Bond Fund <br />Reserve Account. sliall. be inves ted and . reinvested .by . the Trustee....''-' <br />in accordance with.the provisions of Section 702 of :this Mortgage. <br />The Trustee shall sell and reduce to cash fund'!the necessary <br />portion of such investments zinenever the cash balance in the Bond <br />Fund is insufficienttopay the current interest and principal' <br />F <br />requirements on the Series A Bonds when the same become due, but', <br />to the -extent any amounts in the Reserve Account are .not .used for - <br />the purposes herein set forth, the balance. in.s`aid Re'serve Account <br />shall be transferred on July -31, 1985 to the Bond Fund to be <br />used .to make principal and "interest ;payments .when 'due'' on the <br />Series A*Bonds., <br />Section 505. Moneys in the Bond Fund (including the Reserve <br />Account) -shall bea.sed solely for the payment of the interest on <br />the bonds and. for 'the retirement of .the bonds at or: prior, to maturity. <br />The Bond Fund .(including the Reserve Account),�shall be in the' <br />custody of the Trustee but in the name of the .County-, and the. County <br />hereby authorizes 'and directs the Trustee to withdraw sufficient <br />'funds from the Bond Fund (including the Reserve Account) to pay.the <br />bonds and interest thereon as the same become due and payable,: either <br />at the maturity thereof or the date fixed for ':the redemption thereof <br />prior to maturity: The"Trustee hereby accepts;, such:authorizat on <br />and direction. <br />Any --inference in this Section 505 to the contrary notwithstanding; <br />when the amount in the Bond Fund from any source whatsoever, arid - <br />including the Bond Fund Reserve Account, -is sufficient to retire:all <br />of the bonds outstanding hereunder -and to pay iiinterest to accrue <br />thereon prior to such.redemption plus the applicable `premium, -if any'... <br />the County .covenants and agrees to take and cause;tobe taken the <br />necessary steps to redeem all of said bonds on the next succeeding <br />redemption date for which the required redemption notice may be <br />given. <br />V-3 <br />