Laserfiche WebLink
~4O3~UO43 <br />closed out, as provided in Section 4 of this Article V, the Trustee shall file an accounting thereof with the <br />College and the Corporation. <br />Section 4. Upon the filing with the Trustee of the final requisition for payment for <br />construction of the Project from the 20090 Construction Fund or construction fund related to any <br />Completion Bonds and evidence of the approval thereof by governing board or President of the College, the <br />construction of the Project shall be deemed completed. Any balance in the 20090 Construction Fund or <br />such construction fund for the Completion Bonds remaining after payment of the final requisition far <br />payment shall be transferred to the Bond Fund without further authorization and shall be credited against the <br />next payment of basic rent to fall due. <br />ARTICLE VI <br />MISCELLANEOUS <br />Section 1. The Corporation hereby covenants to the purchasers and holders of the Bonds that <br />it will make no use of the proceeds of said bond issue which would cause the 20090 Bonds to be arbitrage <br />bonds within the meaning of Section 103(b) and 148 of the Code and further directs the Trustee to comply <br />with said Section 103(b) and 14$ and all applicable regulations thereunder throughout the term of said bond <br />issue. <br />Section 2. The Trustee hereby confirms its acceptance of the trusts as provided in the <br />Indenture and hereby accepts the supplemental trusts imposed upon it by this Second Supplemental Trust <br />Indenture and Security Agreement, all subject to the express terms and conditions set forth in the Indenture. <br />Section 3. This Second Supplemental Trust Indenture and Security Agreement may be <br />simultaneously executed in several counterparts, each of which shall be an original and all of which shall <br />constitute but one and the same instrument. <br />Section 4. If any provisions of this Second Supplemental Trust Indenture and Security <br />Agreement shall be held or deemed to be or shall, in fact, be inoperative or unenforceable as applied in any <br />particular case, for any reason, such circumstance shall not have the effect of rendering the provision in <br />question inoperative or unenforceable in any other case or circumstance, or of rendering any other provision <br />or provisions herein contained invalid, inoperative or unenforceable to any extent whatever. The invalidity of <br />any one or more phrases, sentences, clauses or paragraphs in this Second Supplemental Trust Indenture and <br />Security Agreement contained shall not affect the remaining portions of this Second Supplemental Trust <br />Indenture and Security Agreement or any part thereof. <br />Section 5. This Second Supplemental Trust Indenture and Security Agreement is <br />intended to be a security agreement and financing statement pursuant to the Nebraska Uniform <br />Commercial Code and the Nebraska Construction Lien Act covering the Corporation's interest in the real <br />estate described on Exhibit A hereto attached, including its interest in the Easement Agreement and in <br />addition, all of the Corporation's goods which may become fixtures and fixtures, furniture and equipment <br />located on or used or intended for use in connection with the Project and any substitution for or proceeds <br />of any of the foregoing described property and the Corporation hereby grants the Trustee a security <br />interest in all such items or types of property. This Second Supplemental Trust Indenture and Security <br />Agreement (as a real estate mortgage) is sufficient as a financing statement and as a financing statement it <br />19 <br />