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7-t~399 <br />~~-'--~_ <jui~U53 <br />ARSICLE I <br />ADDI2IONAL NOTl-S <br />DiCTi01f 1. the Mortgagor, xhea anthorisad by rssolntion or resolutions <br />e! lit beard o! dirmtora, fay iron tits to tits (1) exacnta sad dslivar to the <br />Govetnaant one or aura Additional RIA Rotes to evidenea loans rode by the Coosrn- <br />aeat to the t[ortgagar puranant to the Act, or to evidence ladebtedness of the <br />Mortgagor iacnrred by eha assmnption b7 eha Mortgagor of the iadebtednes• of a <br />third party or parties to eha Gwarnsent ersated b7 a loan or loans theretofosa <br />lade b7 eha Govazatant to sneh third party or parties pnrsnant to the Act, and <br />(Z) exatate sad deliver to the Baak oaa or sots Additional Bank Notes to evidence <br />Loans sada b7 the Bank to the Mortgagor pnrsnaat to the Act, or to evidence <br />iadsbtedness of the Mortgagor iacarred bT the assmiption by the Mortgagor of the <br />tadabtadnasa of a third party or parties to the Bank created by a loan or loans <br />theretofore rods by ihs Bank to sneh third part? or parties pursnaat to the Act. <br />the Mortgagor, xhm anthorised b~ raaolntion or resolutions of its board of <br />directors, m7 also frot ties to ties scents sad dslivar one or acre Additional <br />Notes to rafnnd a~ Horn or notes at ct-a tine outstanding sad •ecnrad hereby, <br />ar is renaral af, or is snbstiention for, aa7 sneh oats ending note os notes. <br />Additional Notaa shall ennuis such provisions and shall be ezecnted sad delivered <br />apoa wch eras and conditions as the board of directors of the Mortgagor in the <br />rasolntioa or rasolntioas aaehorizing the exaeation sad delivery thereof sad the <br />relsvtnt lsodar shill prescribe; provided, hoxever, that the-ontstaading principal <br />balances wring oa the rotes shall not at nay oaa tiro intend the aaonnt identified <br />in the Inatssseau Recital as the Masiam Debt Licit, and no note shall rotate <br />rota thaa fifty (SO) ytara after the data hereof. Additional Noes, including <br />refnadiug, rsaa+nl sad snbstitnte aotaa, xhan and as axacntad sad delivered, <br />shall ba sesnred bt this Mortgage, equally sad ratably rith all other sorts at <br />the tiro onutaading, xiWoat prafareaca, priority, or diatinetioa of aa)r of the <br />notes war nay other of the notes b7 raison of the priority of the tine of the <br />exeention, deiivary or mtarity thereof or of the assigment or negotiation <br />thereof. As assd la WSs Mortgage, the tart "directors" inciudas ernstass. <br />SE4?IOl1- 2,- ?hs-Mort;ager-~-~rMa--aniherdsad-by-r-taOlntio6-ar--raaolntiooa - <br />of its board of directors, m7 frot tisa to ilia exacnta, aekaaxlsdga, deliver, <br />raeord and file sortgagss sappleteaul to this Moregags xhich thereafter shall <br />fors a part hereof, for the pnrpoaa of formlly confiraing this Moragaga as <br />secariq for the notsa. Nothing herein conuiasd shall regaira the szecution <br />sad daliwry by the Mortgagor of a snpplemaul aartgage !a eoametion xith the <br />isantncs hazsaadar or the scenting harsby of noes except as hereinafter provided <br />in section 12 of artiela II hereof. <br />ARtICLE II <br />lA1CTICOLIi OOYII1Al1!'S f1! TB! MORT~.AGQR <br />the Mortgagor toveaaats with the Mortgagata sad the holders of notes <br />aeenrad haraby (heraiaaftar sotaeitu collactivaly caliad the "noteholders") sad <br />each of than as follow <br />SECTION 1, the Mortgagor is duly anthorissd wader its articles of <br />incorporation and by-lays and the Tara of the State of its incorporation and ail <br />ocher applicable provisions of lax to esecats sad deliver the lust REA Note :nd <br />eha lust Eaak Noe and this Mortgage and to extents sad dslivar Additional <br />Notes; sad all corpora ea action oa its part far al-e sxseution and delivery of <br />the lust RLi Nota sad tbs lust Bank Nots sad this Mortgage has bats duly and <br />affsetivaiy taksn; and the Brat REA Note sad the lirsc Bank Nota and Chia <br />2bragaga are, os xhea nctcntad and delivarad x111 bs, the valid and anforeubla <br />obligations of the Mortgagor in aeeordanca xith Chair raspectiva terns. <br />g <br />'tors - Orig. Cosrraa REA - tel. Dank Mtg. - "A" Loaa <br />