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the Bonds, have been done and performed, and the creations execution and delivery of this <br />Indenture, and the creation, execution and issuance of the Bonds, subject to the terms hereof, <br />have in all respects been duly authorized; <br />NOW, THEREFORE, THIS INDENTURE OF TRUST WITNESSETH: <br />That the Issuer in consideration of the premises, the acceptance by the Trustee of the <br />trusts hereby created, the purchase and acceptance of the Bonds by the purchasers thereof, <br />one dollar, lawful money of the United States of America, duly paid to the Issuer by the <br />Trustee at or before the execution and delivery of these presents and of other good and <br />valuable considerations, the receipt of which is hereby acknowledged, and in order to secure <br />the payment of the principal of, premium, if any, interest and any other sums payable on the <br />Bonds outstanding hereunder from time to time, according to their tenor and effect, and to <br />secure the payment of all sums payable under and the observance and performance by the <br />Issuer of all the covenants expressed or implied herein, in the Loan Agreement and in the <br />Mortgage and in the Bonds, does hereby grant, bargain, sell, convey, assign and pledge unto <br />the Trustee (to the extent of its legal capacity to hold the same for the purposes hereof) and <br />unto its successors in trusts and to its assigns forever, all of the Issuer's estate, right, title and <br />interest in, to and under the following (collectively, the "Collateral"): <br />(i) the Note (as hereinafter defined), and <br />(ii) the Loan Agreement (as hereinafter defined), except for the rights of the <br />Issuer under Sections 4.5, 5.2 and 6.3 of the Loan Agreement (relating to <br />indemnification and payment by the Borrower of expenses of the Issuer), and <br />(iii) moneys and investments from time to time on deposit (together with any <br />earnings on the investment thereof) in the Bond Fund (as hereinafter defined), and <br />(iv) the Mortgage (as hereinafter defined), the Assignment of Rents (as <br />hereinafter defined) and the Assignment of Lease (as hereinafter defined) and any and <br />all moneys paid thereunder from time to time (including, without limitation, any <br />rents, insurance proceeds or condemnation proceeds). <br />TO HAVE AND TO HOLD the Note, Loan Agreement, Mortgage and Assignment of <br />Lease hereby pledged, conveyed and assigned, or agreed or intended so to be, unto the <br />Trustee and its respective successors in said trust and its assigns forever; <br />IN TRUST NEVERTHELESS, upon the terms and trusts herein set forth for the equal <br />and proportionate benefit, security and protection of all present and future holders and <br />owners of the Bonds issued under and secured by this Indenture without privilege, priority <br />or distinction as to the lien or otherwise of any of the Bonds over any of the others of the <br />Bonds, except as expressly provided herein; <br />PROVIDED, HOWEVER, that if the Issuer, its successors or assigns, shall well and truly <br />pays or cause to be paid, the principal of the Bonds and the interest and premium, if any, <br />-7- <br />