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r°- y <br />The Trustee shall endorse this Bond on the farm provided' <br />herein f'ar any payment. made in partial. redemption. of this <br />Bond. <br />This Sond i.s also sub:jec-t to mandatory redemption ira <br />whole and riot in part at a redemption price equal to the> <br />principal amount hereof plus accrued interest thereon to the <br />redemption date, but only in the event of the purchase.o-f <br />the Project by Lessee upon occurrence of any of the events.: <br />specified in subparagraphs (a) or (b} or <c) or (d) ar (e)' <br />or (f) or (g) or (h} ar (i.} of Section 21.1 of the Lease and: <br />Agreement dated a~ of March Z, 1482, as from time to time. <br />amended and supplemented <the "Lease"), between the issuer: <br />and Real Estate Dynamics, Ltd., a ;~ebraska limited partner- <br />ship {the "Lessee"), to which provisions reference is hereby <br />made. Undex the Indenture, the registered o*saners of those <br />Series l9$2 .Bonds having a final installment of pri:neipal <br />due March 1, 1997 are granted the right and option of eSect- <br />ing to have the mati:arity of such Series 1982 Bonds acceler- <br />ated. Such electio:a ?nav be exercised by such owners by <br />giving written notice thereof to the Trustee by not later <br />. than December 1 in the years 1983, 198b, 1989, 1.992 and. <br />199 of ttaeir desire to have the Series 1982 Bonds owned by <br />them redeemed ~~n fu11 at a price equal to 100% of the. remain- <br />ing unpaid principal balance thereof, plus accrued interest <br />thereon, on the next. succeeding wlarch 1. Thereupon, the <br />Lessee shall be required by subparagraph (e) of said Section <br />2i.1 of r~ae Lease to purchase the Project at a price suffi- <br />dent to provide the Trustee with funds for such redemption. <br />Uaon purchase of the project by the Lessee by reason of any <br />cif such events, this Bend must be redeemed in wia:ale and not <br />in part on the next succeeding installment payment date <br />after funds far such redearptian have been deposited with the <br />Trustee. <br />in the event this Bond is called for prior redemption, <br />natiee of such redemption shall be mailed not less than <br />thirty (30} da~,~s prior to the date fired for the redemption <br />hereof to t~':e registered owner of this Bond at its address <br />as shown an the boons o: registry. If Less than ail of the <br />principal sum hereof is to be redeemed. this Bond shall be <br />surrendered. to tae Trustee, which shall. make notation of <br />such partial payment hereon, If this Band (or any portion <br />of the principal sum hereof) shall ha:.~e aeen duly called for <br />redemption and notice of such redemption dul;r given as <br />aforesaid., and if on or before the redemption date there <br />sixall be deposited with the. Trustee suffc~Hent funds to pay <br />the principal amount hereof to be redeemed and the interest <br />~ocrued on the principal amount redeemed to the date of <br />redemption, then this :Bond (or the portion of the principal <br />sutra hereof to tre redeemed} shall taecome due and payable upon. <br />such redemption date and interest shall cease. to accrue and <br />becoane payatale roan and of ter the redemption date on the <br />principal amount hereof to be redeemed, and, except far ti2e <br />purpose rrf payment, shall no longer be protected by the <br />Indenture and sttal:l not be deemed to be outstanding under <br />the provisions of the Indenture. <br />This Bond is issued pursuant to and in full. compliance <br />ws:rla Section 2 of Artic3e XiIT of the debraska Constitution <br />a~at'. Sections 18-361. to l8-ib23, Reissue Revised Statutes of <br />. :teoraska, 193, as amended {the "pct") and pursuant to a <br />t~.esvi~stion ad~sasted and approved by the governing body of the <br />issuer ~t:ie "re:,a-cation"), cthir~h Resolution authorizes the <br />e:<ecution and ~c _--erv of t€te Indenture. This Bond is a <br />1ir;ci ~.d ~ v .~~ the. issuer a€td shall never constittate <br />Asa t-ade~,tc~.i~e~s ~ the ~ssuer w3.thin the meeting of any <br />5 .:3. ~t CO:;. ~ 77'i>. T3T'.:\ -ri47n or 5~tatutory 1l.iR.i.ta tlan. ~J ttt ~. <br />ab~ ._t:i oi;s hz revenues derived fr~am the <br />~~as n~; ~, t~jf> 'r~?c:~c i~a~~n~<:d through th:e ~ssuanee of the <br />lac. s ar,d x ".c:'~ t::~~ b~ ceased Co the Lessee far rerat:~ls <br />s., " ' a - ~~. i,~ -> a . ~i~,~ p : 4Lpa1 cf and interest c, a: the <br />wf.. <br />