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i <br />8~."t'1~~~~E <br />except as hereinafter provided, the Series 1982 Bonds. <br />5i1ai: be dated .June 23, 19$2, shall bear interest payable <br />semiannually in arrears at the Interest late (as 'rereinafter <br />defined}, and shall maturE on_Ju1y 1 of each of the: years set <br />fort:„in, and in the principa amount set opposite-'each year: <br />in, the following schedule: <br />July 1 ?rincipal <br />of the: Year ~.mcunt <br />1985 $235,000 <br />1586 265,000 <br />1957 30Q,000 <br />1988' 335,000 <br />1959': 356,000 <br />1990 425;.000. <br />1991 480,000 <br />1992- 5x0,000 <br />1993. 605,000 <br />1994 585, 000.:. <br />"Interest Rate" sna11 mear> a `rate c£ interest; per annu,-n, <br />calculated or. the basis. of a 360-day year composed'bf twelve" <br />30-day months, which shal be sever_ty-five percent (?5%) of <br />Omaha`National:Bank national commercial prime lending rate as' <br />-that'rate:.exist'-from time to time and adjusted simultaneously <br />-with'the amount'o£ any_char_ge in such rate until July 1, 1984 <br />on the urdisbursed portion c` tae: Construction. Eund withi the <br />same rate payable`or. the expendedporticn of the Construction <br />E.i.-xd with the exception that the :interest rate on the <br />expended portion cf the Construction _und shall ne~~er exceed <br />a maximum .rate of_£ifteer. percent (i5%` and`sha11 never be <br />-less"than ten percent ('10%) per annum unul'July i;' I984; <br />thereafter 'the interest rate. shall be a'rate nf'interest 'per <br />annum which shal'1 be seventy-fivepercer_t (.75.%7 of Omaha <br />National ``Banknational;.commercial prime lendingrate adjusted. <br />every six months` on the first day of t're month, beginr_ing <br />July 3, 1984, .provided the rate shall never:.exceed.'a maximum <br />-rate of fi£teen',percent (i5%) per annum and the .rate sha1L <br />never be less tY:an ten percent ('10%)'perannum, such maximum` <br />' - _ <br />and minimum sates of i.^.terest praviaea 'r_erein apply exc~ur <br />svely to the rates of interest per ar_num ~o be nai d or_ the <br />Bonds and shall .not be applied to *_he natior_a1 commercial <br />prime lerdsng rates of the. Omaha National Bank. <br />'The principal o£-and premium; if any, and in~arest on <br />the Series 1982 Bonds-shall be payable in lawful money of the <br />United States of America at the principal-corporate trust <br />office of_Trustee in Omaha, ilebraska,`cr of its successor in <br />trust, or°at the duly designated. office of any ?aging <br />_1p_ <br />___~' <br />