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_ ~ <br />:y <br />~2--- ti f C~ 2 0 <br />date3 Senteritber 15, 1973 and the Series <br />B Bands dated Sanuary 1~. I482 and any <br />additional bonds hereafter issued-as per° <br />witted by the terms of the Mortgage. <br />Section 1. i8- .s hereby added to the Lease and Agreement <br />as follows: <br />3ectian 1..18:.(assuance of Series B Sands and <br />ust of proceeds). Promptly after the exeeutian <br />o:f this First A~nendmen:t, Lessor shall issue the <br />Series B Bonds: in the amaunt of 5:1.,5.00,000, as <br />provided in the First Supplement to the Mortgage. <br />Said Serves B Bands: shall be sold at a price <br />egzaal'to the principal amour thereof plus accrued <br />hterest to date of issuance thereof. The proceeds <br />of sale of the Series: B Bonds shall.. be received }ay <br />t?he Trustee and by the. Trustee disbursed as follows: <br />{a} accrued:. interest received shall be <br />deposited into the: Band Fund under <br />the Mortgage: <br />tb) the sum o~ 5100,000 shill b~ deposited <br />into the Reserve Accoant bald by the <br />'Trustee under Sectior. 505 of the Mort° <br />gage'% <br />{G) the balance- of the proceeds shall be <br />paid by the Trustee to Company, upon <br />receipt by ~ai*apany of the following: <br />1. Evidence satisfactory to the <br />'Trustee tlsat Gampa~y has con- <br />ve~fed to Lessor title tG thee.. <br />additional Iand described on <br />Exhibit A hereto not already <br />owned by Lessor, and a wort- <br />gagee's title insu:ca-ice <br />FC~11 Cy, -.- fGrm S3t.15f3Ct Gr]' <br />tC the Tr UStee, 1n t.^.E a.T.^liI: t. <br />^f S1,i0G,000, insuring t?-sac <br />the *7ortffage, as supc-lemented <br />b}' tY:e First Su~:~le:aert there- <br />to, constitutes a valid first <br />lien. on the real estate <br />described or. Exhibit A hereto, <br />subject oni~; the :natters <br />covered by Section i.Ql cf <br />the oziginal Lease ono Aclre~- <br />went and an}° easements Gr use- <br />restrictions co~~ering the <br />~$;•. <br />