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<br />pledged to'-the payment of the principal of and premium, if <br />any,: and interes on`the Series 1982 Bcnds, and to constitute <br />this Indenture a valid lien in the Project and'a valid <br />assignment of the rights of Issuer under the fi~reement, have <br />been done and performed; and the creation, execution and <br />delivery of this Indenture, and the creation, execution-and <br />issuance of the'Series 1982 Bonds, s.:bject to the erms" <br />hereof, have in all respects`been duly authorized.. <br />.NOW,. TF3E~EFORE, THiS INDENTURE WiT~1E'SSETI?: <br />GRANTING CLAUSES <br />That I suer in co^_siderati on of the premises a:^_d the <br />acceptance by Trustee of the .trusts. hereby created and cf the <br />purchase and accepta_^_ce of the Bonds by the holders and <br />owners thereof, and of the'"sum of one dollar; .lawful money of <br />the United States of America, to it-duly paid by 2'rustee at <br />or before the execution and delivery of these presents, and <br />for other-good and valuable consideration, the receipt of <br />which is hereby ac'inowledged`, in order to secure theoavment <br />of the principal of and premium, if ar_y; and interest on the <br />'<Bonds according to their tenor ar_d e°ftict and to secure the <br />,performance and observance, by Issuer of all the covenants <br />.expressed or implied.herein and in the 3onds; .does hereby <br />sell, assign, mortgage. and grant a security interest in the <br />'following to Trustee and its%successors in trust. and assigns <br />forever, for the: securing- of the performance-o_ tae obliaa- <br />tions of.Issueherei'nafter set forth: <br />GRANTING CLAUSE FIRST <br />The Prcject Building (a_ that term is defined in the <br />Agreement) described in Exhibit B attached hereto and consti- <br />tuting apart of the Project,' and. all substitutions or <br />replacements thereof and in"general aIl`property accuired by <br />?suer wi h the proceed of the, Bor_ds issued under anc <br />secured by-this'Indenture and substitutions and-realacements <br />thereof and any other proper~y which u:?der the terms of the <br />Agreement is to become the brooerty of Issuer or be subjected <br />to the lien: of this Indenture, subject to 'Permitted ~ncum- <br />brances. <br />GR.a.NTING CLAUSE' SECOIv'D <br />-So much of the Project Site as is described in Exhibit <br />A-1 at*_ached hereto and constituting a ;art of the Project <br />and any other interests., easements, licenses, rights and <br />interests in real.proper±y hereafter accui'red by Issuer fcr <br />_2- <br />L- L_ ~ <br /> <br />