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82001123
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Last modified
3/9/2009 11:26:49 PM
Creation date
2/27/2009 5:00:41 PM
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DEEDS
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82001123
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82~1~~1=~'?~ <br />until paid in ful3. During;.. other periods., the .:same shal_i <br />.carry interest at a rate equal to ll0% of the °rime Lending <br />Rate as in effect an the due: date of such installment, until <br />paid.in full". <br />The l9$2 Bonds shall. be issued by the Zssuer as soon ~s <br />practicable £bllowzng tt.e date. o£ execution of the Indenture, <br />and the proceeds thereof shall be delivered to the Trus~ee <br />and deposited is the Bond Fund and tha tcquistion Fund, res- <br />pectvely, as provided in Articles V and VI hereof, <br />The principal of and interest on the bonds. shall be pay- <br />able in lawful money of the United States of America. <br />Section 20'2. The 1982 Bonds shall be executed on behalf <br />of the Issuer with the official manual signature: of the Chair- <br />man ar Vice Chairman of its Board of Supervisors and attested. <br />with the official manual signature of its Clerk or Deputy <br />Clerk, and shall have. the official corporate seal of the <br />Zssuer impressed ar imprinted therear.. The bands, together <br />with tkse interest thereon, shall be limited obligations of <br />the: Issuer, payable from the Band Fund, as hereinafter, set. <br />forth, and shall be a valid claim of the respective owners <br />th,ereaf only .against such fund and the revenues and income. <br />,from the leasing of the Praiect pledged to such fund (but ~:.n <br />addition shall be secured by the Partxzership Guaranty, by <br />the Corporate Guaranty, by a moztgage-lien an certain por- <br />flans of the Projeet and by a security interest in and. to eer- <br />tain other portions of the Project, and 39$2 Band ila. I <br />shall be further secured by the Personal Guaranty, which <br />re:enues, income and other property are hereby pledged and <br />mortgaged for the equal and ratable payment of the bonds and <br />s?~a1i be :ssed for r~o other purposes than to pay the principal of <br />any interest on the bonds., except as may be otherwis-e expressly <br />autizor:_zed in this Indenture. The bonds and the interest <br />tterec~n s:taii never constitute:; an irAdebteciness of ttte Issuer <br />Yrit'~ir. ttte nearing of any state cans;tituti,onal p:rovi;sion or <br />statutcry~ ii:::itatifln and shall never eansttute:,nor give rise <br />to a pe,~, .:iiar:~ iiu3~~: ity of tie Zssuer or a charge against. its <br />°cs. <br />~.- <br />~' = <br />r_ <br />_18R <br />
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