81006059 - Laserfiche WebLink

Browse

8~.- (~~}6Q5a ARTICLE IV GENERAL COVENANTS Section 1. The Issuer covenants that it will promptly pay the principal of and interest on every Bond issued under this Mortgage at the place, on the dates, and in the manner provided herein and in said Bonds and coupons pertaining thereto, according to the true intent and meaning thereof. The principal and inter- est are payable solely from revenues in the Bond Fund and derived from the leasing of the Project and all property pledged therein, which revenues, income, and all other property are hereby specifi- cally pledged to the payment thereof. in the manner and ba the extent herein specified, and nothing in the 3cands ac in this Mortgage shoui3 be considered as pied7in3 and ether Tunas, assRts. or are+9 it of the Issuer (except the securiny ~~f the obligation evidenced by the F3onds by a .nortgage on tha Project.} Section 2. The Issuer covenants that it will taithfull,= perform at all times any and all covenants, ~~miertakin~s, sti;~ul~- tions, and provisions contained in this ~4ortga~~e, in :any and evur~= Bond executed, authenticated, and delivered herrun+3er and in al? resolutions pertaining thereto. The Issuer covenants that it i~ duly authorized under the e~nstituti+~n and lawn ~~t the }rate ,~f t4ebras}c3, a`ic_uc~i1+~~ part_c=_a_ly and ..~=,t *.F__~___- , _=.e - ta~issue the Bonds authorized hereby and t~~ executa this Mflrt•ia5~~. to moregage and grant a security interest in the property de- scribed and encumbered herein, and to pledge the revenues, inc~ne, and all other property in the manner and to the extent herein set Earth; that all action on its part for the issuance ~}e the don~l and the execution and delivery of this Mortgage has been duly and effectively taken; and that the Rands in the hands of the Hal+~ec~ and Owners thereof are and will be valid and enforceable cabli:la- tions of the Issuer accordinS to the import thereof. Section 3. The Issuer covenants that it lawfully +~wns and is lawfully passessed of the Project hereinbefore described, and that it has good and indefeasible Litle and estate therein, 4-a