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200400551 are set forth in the Schedule attached hereto, excluding such amounts of costs being assumed by the City of Wood River, Nebraska, for general intersection and access costs and the pro rata cost of improvements upon real estate owned by the municipality abutting the streets in said districts. The total project costs assumed by the City of Wood River, Nebraska, as general obligation of the City for the three districts totals $79,978.31. Section 2. The assessments for street improvements shall become payable in equal annual installments over a period of 10 years, the first such equal installment shall become delinquent in 50 days after the date of levy and passage of this Ordinance. Each installment shall draw interest at a rate of 6.5% per annum from the date of the passage of this Ordinance until the annual installment payment shall become due and payable on May 1 of each year following the passage of this Ordinance, commencing May 1, 2003. Installment payments not paid by May 1 shall become delinquent and after the same become delinquent, interest at the rate specified in Section 45- 104.01, R.R.S. Neb., as such rate may from time to time be adjusted by the Legislature, shall be paid thereon. Should there be three (3) or more such installments delinquent and unpaid on the same property, the City Council may by Resolution declare all future installments on such delinquent property to be accelerated, to become due and payable immediately on a fixed future date. Section 3. All of such installments may be paid at one time on any lot or land within 50 days from the day of the levy without interest, and if so paid, such lot or land shall be exempt from any lien or charge therefor. Section 4. Any assessments or portions thereof remaining unpaid after 15 days from the date of levy and passage of this Ordinance shall be certified to the Hall County Clerk and Hall County Treasurer for collection and a copy of this Ordinance and a Certificate of the City Clerk shall be recorded and indexed in the Office of the Hall County Register of Deeds against each such property as a lien. The lien for special assessments shall be released by the City Clerk upon final payment of the special assessment. Section 5. This Ordinance shall take effect and be in full force from and after its passage, approval and publication as required by law. Passed and approved this Attest: Ci y Clerk-/ DOOWDRMEC.ORD -2-