8448-93 Authorizing City of South Bend Economic Development Revenue Refunding Bonds (First Bank Center Project) $8,030,384.77

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received by the Trustee pursuant to the Mortgage and the Assignment of Lease) pursuant to any right given or action taken under the provisions of this Article, upon acceleration of the Bonds pursuant to Section 902, shall, after payment of the cost and expenses of the proceedings resulting in the collection of such moneys and of the expenses, liabilities and advances incurred or made by the Trustee, be deposited in the Bond Fund and all such moneys in the Bond Fund shall be applied as follows: (i) Unless the principal of all the Bonds shall have become or shall have been declared due and payable, all such moneys shall be applied: FIRST To the payment to the persons entitled thereto of all installments of interest then due on the Bonds, in the order of the maturity of the installments of such interest and, if the amount available shall not be. sufficient to pay in full any particular installment, then to the payment ratably, according to the amounts due on such installment, to the persons entitled thereto, without any discrimination or privilege; and SECOND -To the payment to the persons entitled thereto of the unpaid principal of and premium, if any, on any of the Bonds which shall have become due (other than Bonds called for prepayment for the payment of which moneys are held pursuant to the provisions of this Indenture), in the order of their due dates, with interest on such Bonds from the respective dates upon which they become due, and, if the amount available shall not be sufficient to pay in full Bonds due on any particular date, together with such interest, then to the payment ratably, according to the amount of principal due on such date, to the persons entitled thereto without any discrimination or privilege. (ii) If the principal of all the Bonds shall have become due or shall have been declared due and payable, all such moneys shall be applied to the payment of the principal then due and unpaid on the Bonds (either to a holder or .a former holder of the Bond) and to the payment of the interest then due and unpaid on the Bonds (either to a holder or a former holder of the Bond), in such order as the holders thereof shall elect. (b) Moneys from the Mortgage and the Assignment of Lease. All moneys received by the Trustee pursuant to the Mortgage and the Assignment of Lease, shall, after payment of the cost and expenses of the proceedings resulting in the collection of such moneys and of the expenses, liabilities and advances Incurred or made by the Trustee in connection therewith, and unless otherwise directed to the Restoration Fund, be deposited in the Bond Fund and all such moneys in the Bond Fund shall be applied as follows: (i) Unless the principal of all the Bonds and the Taxable Note shall have become or shall have been declared due and payable, all such moneys shall be applied: FIRST —To the payment to the persons entitled thereto of all installments of interest then due on the Bonds and the Taxable Note, in the order of the -28-