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.. .. ... ".}~ '93....1110869 liabilities, or obligations of the Company to the Issuer or the Trustee under and in accordance with the Agreement, and the Company hereby binds itself, its succeSS0rs and assigns to warrant and forever defend all and singular the Project unto the Issuer, its successors and assigns against all persons now or hereafter claiming the same or any part thereof. Concurrent with the exe::ution dnd d-elivery of this Mort- gage and the Series 1993 Note, the Issuer has issued One Million Five Hundred Fifty Thousand Do:lars ($l,SSO,OOO) principal amount of its Development Revenue Bonds, Series 1993 (Regency Retirement Residence Project) (the "Series 1993 Bonds") under the Indenture. The sum of One Million Five Hundred Fifty Thousanu Dollars ($1,550,000) loaned by the Issuer to the Company pursuant to the Agree~ent evidenced by the Series 1993 Note was provided by the Issuer from the proceeds of the Series 1993 Bonds. Substantially all of these proceeds are to be used to provide certain facilities for the Ccmpany. The terms of the Series 1993 Note with the exception of the monthly payment provision therein, are identical wi th the terms of the Series 1993 Bonds, as to principal payment dates and amounts, interest rates and prepayment provisions. Additional Bonds may be issued by t~e Issuer as provided in the Indenture and Additional Notes may be issued by the Company as provided in the Agreement (such Additional Notes and the Series 1993 Note are hereinafter c011ectively referred to as the "Notes"). The Series 1993 Bonds and any Additional Bo~ds (such Additional 4