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81006059
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Last modified
1/14/2010 11:30:22 PM
Creation date
1/14/2010 11:28:11 PM
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DEEDS
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81006059
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~1---.atE~05~ <br />ARTICLE '7 <br />REVEtiUES AND FUNDS <br />(BOND FUND) <br />Section 1. The Bonds herein authorized are not general <br />obligations of the 'ssuer, but are limited obligations payable <br />solely from revenues, income, and other property derived from the <br />leasing of the Project and as authorized by the P.ct; and, as <br />provided herein, the Bonds are secured (in the manner herein <br />provided} by a !mortgage lien and a security interest on the real <br />estate, plant buildings, and other facilities constituting the <br />Project. <br />The Project has been leased to Lessee and under the <br />Lease and Agreement and the basic rent payments are to be remitted <br />directly to the Trustee for the account of the Issuer and <br />deposited in the Bond Fund (hereinafter created). The Bond Fund, <br />into which said basic rent payments will be paid, will at all <br />times have a balance sufficient in amount to insure the timely <br />payment of the principal ~~f and interest ~n the Bonds and the <br />entire amount of said basic rent payments is gledged to the pay° <br />ment of the principal of and interest an the Bonds. <br />Section 2. There is hereby created by the lssuec and <br />ordered established wit`s the Trustea a trust fund to be ~#esi.~~naCed <br />3$ the ~+nd Fund 9Fhi~h ch~l7 h,3 ~iaad to ~3y thN.* inh,~r~ur cZn ~n~ <br />principal of said Bonds. <br />Section 3. There shall be deposited into the Bond Fund <br />all accrued interest and premium {if any) received at the tune c~€ <br />the delivery of the Bonds. In addition, there shall tre depus~re.) <br />into the Bond Fund, as and when received, ta) all basic rent <br />payments specified in paragraph 2.1 of khe Lease and Agreemment in3 <br />(b) all other moneys received by the Trustee under and pursuant t~~ <br />any of the provisions of the Lease and Agreement :lirecCing such <br />moneys to be paid into the Bond fund or under and pursuant t~~ anv <br />provisions of this Mortgage directing such moneys to be paid int<~ <br />the Bond. Fund. The Issuer hereby covenants and agrees that sc~ <br />long a~ any of the Bonds issued hereunder are outstanding, it will <br />5-a <br />
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