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87102911
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87102911
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Last modified
10/19/2011 6:46:15 AM
Creation date
3/27/2008 2:18:56 PM
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DEEDS
Inst Number
87102911
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87-- 1029A <br />shall be dated April 1, 1987, and shall bear interest from its <br />date as set forth in the form of Note attached hereto. <br />Y <br />Notwithstanding any schedule of payments in the Series <br />1987A Master Note, the Corporation shall make payments upon the <br />Series 1987A Master Note and be liable therefore at such times <br />and in such amounts as to provide for the due and punctual <br />payment of the principal and interest payments. <br />The Corporation shall receive credit on its required <br />payments on or in respect of the Series 1987A Master Note to the <br />extent principal and interest payments are made by Saint Francis <br />pursuant to the Sublease. Upon payment in full of the principal <br />and interest payments due under the Sublease, the Series 1987A <br />Master Note shall be deemed paid in full and shall no longer be <br />outstanding under the provisions of the Master Indenture. <br />The Corporation hereby elects to make payments on or in <br />respect of the Series 1987A Master Note by check or draft hand <br />delivered to FirsTier Bank, N.A. (formerly known as Commercial <br />National Bank & Trust Co.), Grand Island, Nebraska, as bond <br />trustee, in either case delivered on the date such payment is <br />due. The Corporation also hereby elects to have the Series 1987A <br />Master Note be issuable as a single note only in fully registered <br />form exchangeable solely for another fully registered note of <br />such series. <br />The Series 1987A Master Note shall be an Accelerable <br />Instrument. <br />ARTICLE III <br />REDEMPTION OR PREPAYMENT OF THE SERIES 1987A MASTER NOTE <br />Section 301. The Series 1987A Master Note shall be <br />subject to prepayment in whole or in part on the same terms and <br />conditions and at the same times, and subject to the same <br />premiums, as prepayments of principal and interest may be made <br />under the provisions of the Sublease and the Lease. <br />ARTICLE IV <br />REPRESENTATIONS, KARRANTIES AND AGREEMENTS <br />Section 401. The Corporation represents and warrants <br />that all representations and warranties of the Corporation con- <br />tained in Section 403 of the Original Indenture are true and <br />correct on the date hereof with the same effect as if said repre- <br />-3- <br />
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