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A <br />'4 <br />41� t t f <br />W;, <br />r <br />% <br />Thf7 in a n-1- i n q a- f t: *D u- i i <br />1" -. Not R, tilt, FXf4rtjt ion nno d# -livery of t1jo <br />Ajr1=_-mf-nt and the Plod-ju <br />. Ajrof-mont ?%nd t i1t. <br />performance of 411 coVeriants and agre!pniontu of tj)o <br />Municipal ity (14 -Ant dl'jf�,j in thL- Laar, A�jrawmmnt. anfj t 1-1p <br />Plodg# AgreofriftnL afm authorizod b- rh@ Act, and all other <br />acts and tninqu r&Quir&d undRr Chce Conntifution and laws <br />Of the Stattit of Minneuota to Do don&, t.0 exist Or to be <br />parfortheA to make thr, jc)ta, tilp Lt�pail Agyppment and the <br />Plodgat Agreement, whon oxocutod and dolivered an therein <br />and horain provilmd, valid and binding ob'igationa of tl-,p <br />NulliciPulitY Ont6fleablo in' acnordanot, wilit.-thoir terms, <br />have boon dono do exiat and have bann porformaJ an so <br />required. <br />M It to dnairabl@ that tho in th4b IftAximuln <br />principal 4mount of S550,01JU be ifildod by the Nanjoip&ji,,-j <br />apon thp terms got tort" herein, and that the Municlipality, <br />assign its interest in the Loan Aqr@pmont And grant a <br />800utitY int*r*4t therein to the Lender AN security for <br />AYMOnt-a-f th*- and-lmarazn-"d- <br />if any, on tho Motpj <br />i. Thob .1joAtu payments req;ii-red by ..thn-44,00ni <br />sawnt arq fixud, And rtb4ijigod to he r viss%d grom time <br />TZ <br />68 nscft'�4400Y, 40� or, to pradjes jil:0140 sad. t2vori". <br />nuffWLent to provide for proid-t Paymont of ptin-uipAj- of <br />i - ­ ­ . __ - <br />3*14 intsralit on flift Auto I <br />tajuqA under thim Afs0lution-when <br />due, <br />(h) Undfir-ths Pf.-Villiona of ftnnssot4 Statutes? <br />Soction 414.10, and- as- to be provid in the Soto# tht <br />n <br />Note is not to be p Clargod:u <br />Ayd;)10 fr m nor Pon any evnila; <br />of t _i <br />h:*Mufti-CiPs t*j� other than that C*Vonu#- ul 'hr the Loin <br />Agree nt pj*dV;d to the thor*ofl the Munjojp&jjty <br />lot <br />MV* SubjArt bP!ym*nt <br />0 any lid 11itY thereonj no af� tho <br />-Holder <br />-Not# dhaii over havi the riqU tO COrP61 any oxercian of <br />the taxing power Of thO MuniciftAlitY to Pay ths Soto or <br />interest t4"rooh, not to #nfagcolTAY-mon- <br />t th"'pof <br />S*n**'Y*proporty <br />of--th& 14unicipa ty egoept, too <br />P40ility, or POrtions th@reot# Mortgaged or otherwise <br />011odifibered by the Martgagol the Nnt" isou"d hereunder <br />A <br />