Issuance of $985,000.00 Revenue Bonds Center City Housing Project

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limited to $985,000 provided, however, may be issued as hereinafter provided. Bonds will be such as are set forth in terms are adopted herein by reference Indenture. The Bonds are limited obligations that Additional Bonds The terms of the the Indenture and such and by approval of the of the City, payable solely from payments of principal, premium, if any, and interest made by the User pursuant to the Loan Agreement, except to the extent that the principal of, premium, if any, and interest the Bonds may be paid out of money attributable to Bond proceeds or from temporary investments, or from other moneys, if any, accruing to the Trustee for the benefit of the bondholders. The Loan Agreement shall equally and ratably secure all outstanding Bonds, except that so long as there is no event of default under the Agreement, payments by the User shall be used by the Trustee to make like payment of principal of, or premium or interest on, the Bonds. By the Indenture, the City will assign to the Trustee the City's rights under the Agreement, including the right of the City to receive payments thereunder, all as security for the payment of the Bonds. The Bonds will be secured as provided in the Agreement and Indenture and the terms of said instruments are adopted herein by reference and by approval of the instruments. The Loan Agreement and documents executed thereunder will constitute the sole security for the Bonds. The Bonds and the interest thereon shall be a valid claim of the respective holders only against the Bond Fund created under the Indenture and other moneys held by the Trustee. The City will have no ownership interest in the Project.