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Pt-tivi I u t i fri 114o . 9 4 6 <br />AI -T if i,ll <br />GENIEPAI, Cil'VFNIA-4 ..... S <br />A <br />1-1--i1ciit <br />The City --uv(,naj,ta thr-t it. will pj:om,-)tly pay or <br />cAuso to bo F-ald Uiu principal of and interopt on the Note <br />at tho place, on the datum Q in the rianner provided <br />herein and in jaid Notu. Tht driticipal an,] intureat are. <br />pOyA:)J# Aololy teom revanties and proce-eda derived frinn the <br />Lem Agroomept, Mortyiaga ond Assignment of Lonsto and <br />Rents* which revenues ok 4 <br />nd proomads are hereby apecifically <br />plodgqd to tti� paymoat tharaof in thn manner and to tho <br />extent specified in the Note. Loan AgeoOMMt, Mortgage <br />and Assignment vt Leabes and RenLaj atid nothiny In the WQta <br />or in this Rasolution ahall be considered as abuigninq, <br />pludqin� or otherwiso encumbering any other funds or hiffil(Irta <br />of the City. <br />4-2. Perfortunce of and Authorit to Covenants, <br />The City covenants that it Will faithfully PerfQL-M <br />at all times any and all covanants, undertakings, stipula- <br />tions and provisions contained in this Resolution, in the <br />AhM-AHUffoUt#d-j-- auth:enticat - 4md: delivered -t4ex#un4tv mW ift <br />all proceedings of the City Council pert4ining th*r*t9j that <br />it if duly authorized under the Constitution end 1AWS Of the <br />State of Minnesota inaludLnj partLaulaflj* On -4- WithWA IMU <br />tion the Act;, tr issue the Note siAthorised horftt Pledge the <br />-7— ---Md Assig-ft- "'s -Z4"-- A-r**M Un Un- Omixer <br />--the ON at�nftt f2r-th-.-in- this <br />Lost- AqViteft"t and 4200mint therwi that 0,11 actLen an <br />t r Not <br />) th6 <br />na IhALIO f-hes--tibgn ZAJJ* <br />Ar" ItUt Abe. -No.te 11 1he handO.Of the KCPCtW- 44, 00-- W411- - <br />tu_ aws <br />4-3, forcement and Petfirrvaneq of nants <br />The Ct.;y agrees to enforce all adlftftfitt 8hd <br />obligations ofthe Borrow r ander the Loan hareement and <br />and other provisions' contai' the Loan <br />nod in the Notat <br />A%reemiant and the Constructiah Loan Agreeffient, <br />-17- <br />