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ARTICLE X • TRUSTEE; TENDER AGENT; REMARKETING AGENT Section 1001. Acceptance of the Trusts. The Authority initially appoints The Norwest Bank Indiana, N.A., as Trustee, Paying Agent and Registrar. The Trustee hereby accepts and agrees to execute the trusts imposed upon it by this Indenture, but only upon the terms and conditions set forth herein, to all of which the Authority agrees and the respective owners of the Bonds agree by their acceptance of delivery of any of the Bonds. The Trustee, prior to the occurrence of an Event of Default hereunder and after the curing of all Events of Default hereunder which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and to perform such trusts as an ordinarily prudent trustee under a corporate indenture and no other implied covenants or obligations should be read into this Indenture against the Trustee. If an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture and shall use the. same degree of care as a prudent person would exercise in the circumstances in the conduct of such person's own affairs. The Trustee agrees to perform such trusts upon and subject to the following expressed terms and conditions: (a) The Trustee may execute any of the trusts or powers • hereof and perform any of its duties by or through attorneys, agents or receivers and shall not be responsible for the misconduct or negligence of any such attorneys, agents or receivers appointed in the exercise of the care of an ordinarily prudent trustee, and shall be entitled to advice of counsel concerning all matters of trusts hereof and duties hereunder, and may in all cases pay such reasonable compensation to any attorney, agent, receiver or employee retained or employed by it in connection herewith. The Trustee may act upon the opinion or advice of an attorney, surveyor, engineer or accountant selected by it in the exercise of reasonable care or, if selected or retained by the Authority, approved by the Trustee in the exercise of such care. The Trustee shall not be responsible for any loss or damage resulting from any action or omission based on its good faith reliance upon such opinion or advice. (b) The Trustee shall not be responsible for any recital herein, or in the Bonds (except with respect to the certificate of the Trustee endorsed on the Bonds), or for the investment of moneys as herein permitted (except that no investment shall be made except in compliance with Sections 407 and 411 hereof and the Tax Exemption Agreement), or for the recording or re-recording, filing or re-filing of this Indenture, or any supplement or amendment thereto, or the filing of financing statements, or for the validity of the execution by the Authority of this Indenture, or of any supplemental indentures or instruments of further assurance, or for • 87