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' 9. In the event of prepayment of this Note, the <br />Lender shall apply any such prepayment against the applicable <br />• prepayment premium, if any, then against the accrued interest <br />on the Principal Balance and finally against the final <br />principal amounts due under the Note. The monthly payments due <br />under paragraph 1 hereof, shall continue to be due and payable <br />in full until the entire Principal Balance and accrued interest <br />due on this Note have been paid regardless of any partial <br />prepayment made hereunder. <br />10. As provided in the Resolution and subject to <br />certain limitations set forth therein, this Note is only <br />transferable upon the books of the City at the office of the <br />Clerk-Administrator, by the Lender in person or by his agent <br />duly authorized in writing, at the Lender's expense, upon <br />surrender hereof together with a written instrtunent of transfer <br />satisfactory to the Clerk-Administrator, duly executed by the <br />Lender or his duly authorized agent. Upon such transfer the <br />Clerk-Administrator will note the date of registration and the_ <br />name and address of the new registered Lender in the <br />registration blank appearing below. The City may deem and <br />treat the person in whose name the Note is last registered upon <br />the books of the City with such registration noted on the Note, <br />as the absolute owner hereof, whether or not overdue, for the <br />purpose of receiving payment of or on the account, of the <br />Principal Balance, redemption price or interest and for all <br />other purposes, and all such payments so made to the Lender or <br />upon his order shall be valid and effective to satisfy and <br />discharge the liability upon the Note to the extent of the stun <br />or stuns so paid, and the City shall not be affected by any <br />notice to the contrary. <br />11. All of the agreements, conditions, covenants, <br />provisions and stipulations contained in the Resolution, the <br />Mortgage, the Assignment of Leases and Rents, the Loan <br />Agreement, the Pledge Agreement and the Construction Loan <br />Agreement are hereby made a part of this Note to the same <br />extent and with the same force and effect as if they were fully <br />set forth herein. <br />12. This Note and interest thereon and any service <br />charge or premium due hereunder are payable solely from the <br />revenues and proceeds derived from the Loan Agreement, the <br />Mortgage, the Guaranty and the Assignment of Leases and Rent s•, <br />and do not constitute a debt of the City within the meaning of <br />,, • <br />11 <br />