11-14-01 1. INDENTURE OF TRUST - Laserfiche WebLink

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Section 4.02 Deposit of Series 2001 Bond Proceeds. On the Date of Issuance of all Series 2001 Bonds,the Original Purchaser shall be instructed to deposit all sale proceeds of the Series 2001 Bonds(par amount of$ ,less the Original Purchaser's discount of$ ,plus accrued interest in the amount of$ ),together with other available funds of the Borrower,with the Trustee,and the Trustee shall deposit such net proceeds as follows: (a) $ in the Senior Debt Service Account as the accrued interest on the Senior Bonds; (b) $ in the Subordinate Debt Service Account as the accrued interest on the Subordinate Bonds; (c) $ in the Debt Service Reserve Fund as the Debt Service Reserve Requirement; (d) $ in the Cost of Issuance Account of the Project Fund; and (e) $ in the Construction Account of the Project Fund. Section 4.03 Project Fund. On the Date of Issuance of the Series 2001 Bonds, amounts shall be deposited in the Project Fund and the accounts therein as set forth in Section 4.01. In addition,the Trustee shall deposit in the Fund(or any account therein)any other amounts which are delivered to the Trustee by or on behalf of the Borrower with instructions to deposit such amounts therein. Amounts on deposit in the Project Fund shall be applied as follows: (a) Costs of Issuance Account. Upon receipt by the Trustee of a written request of the Borrower,from time to time,amounts in the Costs of Issuance Account shall be withdrawn and paid to the persons designated by the Borrower in payment of Costs of Issuance.Any amounts remaining in the Costs of Issuance Account on the first day of the month which is three whole calendar months after the Date of Issuance of the Series 2001 Bonds shall be transferred to the Construction Account. All investment income from amounts in the Costs of Issuance Account shall be upon receipt deposited by the Trustee in the : . - .. . :. . Reserve Fund. (b) Construction Account. Amounts in the Construction Account shall be withdrawn and paid by the Trustee for Project Costs or to reimburse the Borrower for payment of Project Costs in accordance with the terms of the Disbursing Agreement. Amounts in the Construction Account may be withdrawn by the Trustee for the forgoing purposes only in accordance with the terms of the Disbursing Agreement. All investment income on amounts in the Construction Account shall be deposited upon receipt in Construction Account. The Trustee is hereby authorized and directed to make each disbursement required by the provisions of the Agreement and this Section and to issue its checks therefor. The Trustee shall keep and maintain adequate records pertaining to the Project Fund and all disbursements therefrom,showing the amounts paid and the purpose for which the obligations were paid, . . . . . . . .age. Borrower. For purposes of complying with the requirements of this Section,the Trustee may conclusively - 37 -