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• in accordance with, and all equally and ratably entitled to the <br />benefits of, and ratably secured by, a Trust Agreement (hereinafter <br />called the "Agreement"), dated as of December 1, 1990, executed by <br />the Authority and Society Bank, Indiana, as Trustee, to which <br />reference is hereby made for a description of the rentals and other <br />income (the "Pledged Funds") pledged as security for the payment <br />of the Bonds and interest thereon and the rights under said <br />Agreement of the Authority, the holders of the Bonds and the <br />Trustee, to all of which the holders hereof, by the acceptance of <br />this Bond, agree. <br />The Authority covenants that one business day prior to <br />February 1 and August 1 in each year, beginning with August 1, <br />1991, it will pay to the Trustee, prior to the due date, solely <br />out of the Pledged Funds, an amount sufficient to pay the principal <br />and all interest as it becomes due until all of the Bonds of this <br />issue shall have been retired. <br />The Bonds of this issue maturing on or after August 1, 2001, <br />may be redeemed prior to maturity at the option of the Authority <br />in whole or in part in whole multiples of $5,000, in inverse order <br />of maturities and by lot within maturities, on any date not earlier <br />than August 1, 2000, from any monies made available for that <br />purpose, at face value plus accrued interest to the date fixed for <br />redemption together with a premium of two percent (2~) if redeemed <br />on August 1, 2000, or thereafter on or before July 31, 2001; one <br />• percent (1~) if redeemed on August 1, 2001,. or thereafter on or <br />before July 31, 2002, and without premium thereafter; provided <br />notice has been given by first-class mail to the registered owners <br />of all Bonds to be redeemed. If this Bond is so called for <br />redemption, and payment is made to the Trustee in accordance with <br />the terms of the Agreement, this Bond shall cease to bear interest <br />or to be entitled to the lien of the Agreement from and after the <br />date fixed for the redemption in the call. <br />In case an event of default, as defined in the Agreement, <br />occurs, the principal of this Bond may become. or may be declared <br />due and payable prior to the stated maturity hereof, in the manner, <br />and with the effect, and subject to the conditions provided in the <br />Agreement. <br />This Bond is transferable by the registered owner hereof at <br />the principal office of Society Bank, Indiana, upon surrender and <br />cancellation of this Bond and on presentation of a duly executed <br />written instrument of transfer and thereupon a new Bond or Bonds <br />of the same aggregate principal amount and maturity and in <br />authorized denominations will be issued to the transferee or <br />transferees in exchange therefor. This Bond may be exchanged upon <br />surrender hereof at the principal office of Society Bank, Indiana, <br />duly endorsed by the owner for the same aggregate principal amount <br />• -9- <br />