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naj - <br />t5H in 021dX; �0.1.-X <br />PAYMENT AGREEMENT <br />Pu,suant to section 102(c) of the Housing Act of 1949, as amended (42 -U.S.C. 1452(c)), the United <br />Stttes herotiy unconditional7�• a�re�os that on the Maturity Date of the within Preliminary Loan <br />No o it •mill Pay or cause to be -- pain to the bearer thereof the principal of and interest thereon, <br />up n the presentation and surrender of such Note to the Paying Agent designated therein, and the <br />fu 1 fAith and credit of the United States is pledged to such payment. Under section 102(o) of <br />t Act, this Agreement shut 1 be oonstrued separate and apart from the loan contracts referred to <br />in the within Note and shall be incontestable in the hands of a bearer. <br />IN WITNESS WHEREOF, this Agreement has been executed on behalf of the United States by the duly <br />au horized facsimile signature of the Secretary of Housing and Urban Development, as of the Date <br />of Issue of the within Note. <br />UNITED STATES OF AMERICA <br />By <br />Secretary of Housing and Urban Development <br />Instructions to the Printers <br />1. NOTICE: If the printer has been furnished a signature card for such purpose, the facsimile signature of the <br />Secrelary of Housing and Urban Development should be printed in the space provided for such purpose in the <br />signs ure format of 'the above Payment Agreement. In the absence of such a signature card, the printer should <br />leave the space blank, making certain that the space in the signature format is not less than as shown by <br />said form of Payment Agreement. <br />2. The urdersoored words appearing in two places in the form of Payment Agreement appearing above should be <br />printed in italics. <br />3. The proposed notes should be prepared on good but not necessariky the best paper of the type generally <br />available from stock to printers and stationery houses who prepare or furnish forms for the preparation <br />of certificates of stocks or bonds, notes, warrants, etc., and as specified by or upon behalf of the Local <br />Public Agency. <br />4. On ly 1 proposed notes should be prepared for execution, and they should be numbered consecutively from 1 / <br />upwar <br />5. The in erest rate specified in the second paragraph of the text of the notes should be expressed in both <br />words an d figures; for example, One and Fifty -Tyro One- Hundredths Per Centum (1.52%). <br />6. The do omination of the respective notes should be expressed in figures in the heading and in words following <br />the to "Principal Amount" in the second paragraph. <br />70 The denominations, names of the Paving Agent(s), and the interest rate(s). pertaining, to the respective notes, <br />all in relation to the note numbers, are as follows: <br />Interest <br />Number Inclusive Denominations Rate (s) Pe,Ying Agent(s) <br />l $557,000.00 <br />3.50 National Bank &Trust Company <br />of South Bend <br />South Bend, Indiana <br />8, Remarks <br />