Approving Revenue Bonds Ridgedale Nursing Home

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fees, and expenses related to the purchase of the real property, the planning, design, construction and equipping of the Leased Premises, all reasonable ex- penses and fees incurred by the Commission and the Trustee in supervising the construction of said Leased Premises, and all cost, fees, and expenses related to the authorization and sale of the Bonds. The Trustee shall withhold from said funds a sum sufficient to pay interest on the Bonds for the period from the date of sale of said Bonds until July 1, 1974, when rents shall begin to be paid by the Lessee under the terms and conditions of said Lease. The schedule of payments during construction shall be furnished by the Commission to the Trustee and funds will be distributed by the Trustee only at the direction of the Commission. Section 2.2: The said City and the Commission hereby assign, transfer, and set over, and will by separate agreement assign, transfer, and set over, to the Trustee all of the rents, issues, income, revenues, and receipts derived by the City and the Commission from all sources with reference to the sale of the Bonds and the proceeds under the Lease from the Lessee. All of the said monies, earnings, revenues, rights to payment of money, receivables, accounts, and contract rights received by the Trustee shall be used for the payment of the retirement of the Bonds issued by the City and of which said Bonds and for the Bondholders the Trustee is acting as such Trustee. Only such sums as are directed by the Commission shall be expended for the construction and equipping of the Leased Premises, and the Leased Premises shall be constructed and equipped according to the plans and specifications submitted by the Lessee and approved by the Commission. Section 2.3: The City and the Commission shall secure and execute any and all instruments as may be necessary for the purpose of securing to the Trustee the Leased Premises, which security interest shall be to secure the said Bonds. The Lessee shall secure and execute any and all instruments as may be necessary for the purpose of securing to the Trustees the Real Property and /or the Les- see's interest or estate in the Leased Premises, which security interest shall secure said Bonds. It is further agreed and understood that if the Bonds are issued in numbered series the Bonds shall share equally in the security herein - above referred to, and the Bonds shall be equal to each Bond so issued not only as to the security herein described and covered by the mortgages and security interests, but shall share equally in and ratably as to all proceeds received by the Trustee and paid to the Bondholders. - 4 -