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.. A,A03! <br />oaaixs <br />PAYI•:T:i;l AGRE IEN P <br />i A..vJ <br />oazjx- <br />Yur uant to section 102(c) of the housin,,; Act of 1949, as amended <br />(42 U.S.C. 1452(c)), the United States hereby unconditionally agrees <br />that on the Jaturity Date of the within Preli'Tf kart' Loan T�OLe it will <br />pay or cause to be paid to the bearer thereof the principal of and <br />interest thereon, upon the presentation and surrender of such Note to <br />the Paying Agent designated therein, and the full faith and credit of <br />the United States is pledged to such payment. Under Section 102 cjof <br />the Act, this A -greement shall be construed acparatc r.r:d apurt from the <br />loan contract referred to in the within Note and shall be incontestable <br />in the hands of a bearer. <br />IN WITNESS WHEREOF, this Agreement has been executed on behalf of the <br />United States by the duly authorized facsimile signature of the <br />Secretary of Housing and Urban Development, as of the Date of Issue of <br />the within Note. <br />UNITED STATES OF AMERICA <br />Secretary of Housing and Urban Development <br />jnstrtjctiojjs to the Printer: <br />1. NZOTICEt If the printer has been furnished a signature card for such purpose, the <br />facsimile signature of the Secretary of Housing and Urban Development'should be <br />printe in the space provided for such purpose in the signature format of the <br />above yment Agreement. In the absence of such a signature card, the printer <br />should leave the space blank, making certain that the space in the signature format <br />is not less than as shown by said form of Payment Agreement. <br />2. The underscored words appearing in two places in the form of Payment Agreement <br />appearing above should be printed in italics. <br />3. The proposed notes should be prepared on good but not necessarily the best paper of <br />the type generally available from stock to printers and stationery houses who prepare <br />or fur ish forms for the preparation of certificates of stock, or bonds, notes, <br />warrants, etc., and as specified by or upon behalf of the Local Public Agency. <br />4. Only 2,` proposed notes should be prepared for execution, and they should be <br />numbered consecutively from 1 upward. <br />5. Ti.e interest rate specified in the second paragraph of the.text of the notes should <br />be expressed in both words and figures; for example, One and Fifty -Two One- Hundredths <br />Per C ntum (1.54). <br />6. The denomination of the respective notes should be expressed in figures in the <br />headir,g and in words following the term "Principal Amount" in the second paragraph. <br />7. The denominations, names of the Paying-Agent(s), and the interest rate(s) pertaining <br />to th respective notes, all in relation to the note numbers, are as follows: <br />Xntorost <br />2unbera (Inolusivo DenominationsRnto s F inn Anont(� <br />1 6 0,0 3.75 <br />2 $595,000.00 <br />8, Remar'.s: <br />St. Joseph Bank & Trust Company <br />Michigan and Jefferson Streets <br />South Bend, Indiana. <br />