8447-93 Authorizing Economic Development Revenue (P.A.I. Properties $450,000)

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personally on the Bonds or be subject to any personal liability or accountability by reason of the issuance of the Bonds. The foregoing shall not be construed to prohibit the Borrower from pursuing its remedies against either the Issuer or the Trustee for damages to the Borrower resulting from personal injury or property damage caused by the negligent or willful acts of either the Issuer or the Trustee. Section 3 . 15. Issuance of Substitute Notes. Upon the surrender of any Note, the Borrower will execute and deliver to the holder thereof a new Note dated the date of the Note being surrendered but with appropriate notations thereon to reflect payments of principal and interest thereon; provided, however, that there shall never be outstanding at any one time more than one Note of any one series. Section 3 . 16. Payment of Expenses of Issuance of Series 1993 Bonds. The Borrower agrees to be liable for and pay for any recording expenses, Trustee's acceptance fees, escrow and title insurance costs, reasonable legal fees, printing expenses and other fees and expenses incurred or to be incurred by or on behalf of the Issuer and the Trustee in connection with or as an incident to the issuance and sale of the Series 1993 Bonds. Pursuant to Sections 301 and 403 of the Indenture, the Issuer has authorized the use of certain proceeds of the Series 1993 Bonds to defray the Borrower's obligations under this Section. Section 3 . 17 . Funding of Indenture Funds; Investments; Arbitrage Certificates. The Issuer shall direct the Trustee to deposit and pay the proceeds from the sale of the Series 1993 Bonds in the manner specified in Article III of the Indenture. The Borrower and the Issuer agree that all moneys in any Fund established by the Indenture may, at the written direction of the Borrower, be invested in Qualified Investments, provided, however, that any securities purchased pursuant to this Section shall mature or be redeemable on a date or dates prior to the time when, in the judgment of the Borrower, such funds so invested will be required for expenditure, except to the extent any supplemental indenture between the Issuer and the Trustee may regulate the investment of such funds or any additional funds created by such supplemental indenture. The Trustee is hereby authorized to trade with itself in the purchase and sale of securities for such investments. The Trustee shall not be liable or responsible for any loss resulting from any such investment. All such investments shall be held by or under the control of the Trustee and any income resulting therefrom shall be applied in the manner specified in the Indenture. If at any time two (2) or more Notes having the same installment payment -22-