Laserfiche WebLink
<br />ARTICLE IV. <br />GDDAL COVDAIITS <br /> <br /> <br />84..-- <br /> <br />006618 <br /> <br />r <br /> <br />Section 1. The Issuer cov.nuts that it <br />principal of and interest on every BODd is.u.d under <br />on the dates. and in the \llADner provided herein and in ..id <br />the true intent and ..aninI thereof. The principal and <br />solely frOll fund. in the Bond Fund and dedved frOll the <br />and all property pledled therein. which revenues. incOlllt. <br />are hereby specifically pledled to the pa,.ant thereof in the <br />extent herein speCified. and nothinl in the Bonds or in thia <br />considered as pledlinl any other funds. assets. or credit of the <br />the securing of the oblilation evidenced by the Bonds by a ~rtl8&e <br />Project. ) <br /> <br />Section 2. The Issuer covenants that it will faithfully perf.nat <br />all times any and all covenautlS. unaerc'&klnss;-itIpulatlons. enel prov18101U1 <br />contained in this Hortlage. in any end every Bond executed. authenticated. ... <br />delivered hereunder and in all ordinauces or resolutions pertaiolD1 thereto. <br />The Issuer covenants that it is duly authorized under the Coustitution ..eI 1..- <br />of the State of Nebraska. lncludinl particularly and without lia1tatioa. the <br />Act. to hsue the Bonds authorized bereby and to execute this Mort...e. to <br />~rtlale and grant a security interest in the property described ..d encu.bered <br />herein. and to pledge tbe revenues. income. and all other property in the .....1' <br />and to the exteat herein set forth; that all action on its part for the isauaoce <br />of the Bonds and the execution and delivery of this Hortlale has been duly ... <br />effectively take~; aud that the Bonds in tbe hands of tbe Bondholders are end <br />will be valid and enforceable obligations of tbe Issuer accordina to the t.port <br />thereof. <br /> <br />Section 3. The Issuer covenants that it lawfully owns aod 18 lawfull)' <br />po..essed of the Project hereinbefore described. and that it has lood aod <br />indefe.sible title and e.tate therein. and th.t it will defend the title thereto <br />and every part therec)f to the Trustee. iu successors and a.sllos. for the <br />baneUt of the Boudbolders IIlsainst the clai.s and de_Dds of .11 persons <br /> <br />31 <br /> <br />u <br /> <br />L <br /> <br />~ <br /> <br /> <br />L <br />