Approving Revenue Bonds Ridgedale Nursing Home

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ARTICLE V. Bond Redemption Account and Accelerated Prepayment Section 5 -1: The said City and /or the Commission shall deposit caitiff the Trustee all the proceeds of the rents, profits and issues of the Lease, which shall be separately held by the Trustee in a Bond Redemption Account. The Trustee shall. distribute MIR the Bond Redea;pti_on Account periodically the proceeds of said Bond Redepnticn Account to the holders of the Bonds, so that the said Bonds are redeemed both as to principal and -interest at the stated rate of redemp- tion equally and prorata among the bondholders. No Bond shall have preference over any other Bonds, but all Bonds shall share equally and ratably in the Bond Redemption Account. The payment of interest by the Trustee to the Bondholders prior to the establishment and receipt of the proceeds of rents, profits, and issues from the Tease shall be paid for as to interest only from the proceeds of the sale of Bonds, and any investment interest thereon, which has been retained in the Investment Account Fund hereinabove set forth in Article IV. Section 5.2: If Bonds are prepaid, or redeemed in whole or in part, prior to their due date because of the happening of any events prescribed in this In- denture or in the Lease concerning full prepayment, default, eminent domain, destruction by casualty or loss of tali exempt status of the Bonds, the City and /or the Commission shall collect such sums of money as are necessary to redeem the Bonds and shall turn such monies over to the Trustee to be placed in the Bond Redemption Account. The Trustee shall certify to the City and the Commission the sum that is necessary to completely redeem the Bonds and the interest due thereon as of the date of redemption. Notice of the date of redemption given to the Bondholders at their last and usual address shall be sufficient to terminate any further interest being accrued or credited to said Bond. Section 5.3: When all of the Bonds have been paid or redeemed, or the City and the Commission have provided for such payment: or red<mpti.on, by depositing in cash with the Trustee the entire amount necessary for such repayment or re- oc;r:gtion and shall also have paid or caused to be paid all the costs, charges, and expanses to o� , incurred be incurred, by the ;7usGe in rel..iion thereto, or in carrying out env and all K the proM sions of this indenture and th . co:-per, sr. �- Lion of the Trustee, and all other swo payvhle or which roy hneo -a payable by