04-14-2021 Council Packet - Laserfiche WebLink

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13135953v2 5 contrary meaning. In addition, the following words and phrases shall have the following meanings: 2. Amount and Maturity of Series 2021D Bonds; Loan Repayments. The parties represent and agree as follows: i. The Series 2021D Bonds shall be in the aggregate principal amount of $7,550,000. The final stated maturity thereof is June 1, 2046. ii. Loan Repayments are required to be made monthly by the Mortgagor in order to pay principal, premium (if any) and interest of the Series 2021D Bonds when and as the same shall become due, or when required to be redeemed, as more fully provided in the Loan Agreement and Indenture. 3. Additional Payments. Under the Loan Agreement, the Mortgagor will be obligated, in addition to the Loan Repayments described above, to pay all required rebate payments due to the United States in respect of the Bonds under Section 148(f) of the Internal Revenue Code, the reasonable fees and expenses of the Trustee and any paying agent of the Bonds, fees and expenses of the Issuer, and any advances by the Issuer or the Trustee to meet obligations of the Mortgagor for (among other things) taxes, special assessments, utility charges, insurance premiums, and liens in connection with the Mortgaged Property and also to provide indemnity to the Issuer and the Trustee, all as more fully provided in the Loan Agreement, which obligations are additional indebtedness intended to be secured by this Mortgage. 4. Reserved. 5. Warranty of Title; Permitted Encumbrances; Maintenance of Lien; Recording; Further Assurances; After-Acquired Property: (a) The Mortgagor does hereby covenant, represent and warrant that it is the lawful owner of and has good right and lawful authority to grant, bargain, sell, convey, warrant, mortgage, assign and pledge the Mortgaged Property and Revenues and Income thereof as provided herein; that the Mortgagor is and will continue to be well and truly seized of good and marketable title to the Mortgaged Property; that the Mortgaged Property and Revenues and Income thereof are free and clear of all mortgages, liens, pledges, charges and encumbrances, excepting only Permitted Encumbrances; and that the Mortgagor does warrant and will defend the title to the Mortgaged Property and Revenues and Income thereof against all claims and demands whatsoever not specifically excepted herein. “Permitted Encumbrances” shall mean Permitted Encumbrances as defined in the Loan Agreement and Indenture, including those encumbrances identified in Exhibit B hereto. (b) The Mortgagor will, at its expense, take all necessary action to maintain and preserve the lien and security interest of this Mortgage so long as any