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

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SECOND: For transfer to the Taxes and Insurance Fund to restore any deficiency therein; lAd Only to the c,.t�rd aj,p.iiv..d by a-Majvr;ty of IIvldLlz,; and THIRD: Upon direction by the Borrower,to purchase outstanding Senior Bonds at purchase prices not exceeding par plus accrued interest, but only to the extent amounts therein are sufficient to pay all principal of and interest on the Bonds scheduled to become due in the then current Bond Year either at maturity or upon sinking fund redemption, as reduced by the amount of credit which will be given as against such payments for such purchase of Senior Bonds. (-a)(b) On the Date of Issuance of the Series 2001 Bonds,proceeds of the Subordinate Bonds shall. be deposited in the Subordinate Debt Service Account to the extent provided in Section 4.02; thereafter amounts shall be deposited in the Subordinate Debt Service Account as provided in Section 5.01.In addition, any Loan Repayments paid to the Trustee by the Borrower under the Section 4.02(a)of the Loan Agreement (other than from amounts described in Section 5.01) shall be deposited in the Subordinate Debt Service Account,together with any other amounts permitted to be deposited therein on behalf of the Borrower and delivered to the Trustee for such deposit. On the Monthly Transfer Date,if amounts in the Subordinate Debt Service Account are not sufficient to pay in full the monthly priin,ipal and interest requirements on the Subordinate Bonds,the amount of such deficiency,to the extent of available funds,shall by transferred from amounts in the Surplus Fund. The moneys and investments in the Subordinate Debt Service Account are irrevocably pledged and shall be used by the Trustee, from time to time,to the extent required, for; FIRST. For the payment of interest whenever due and payable . . . .. • . . ' • nut ,..xt.tcding par plas accrued interest, bat only to the ex1tnt amounts therein arc saffrcierit to pay all 1,r;rr.ipal of and interest on the Subordinate Bonds . . . . . . . . • :. • •. • . . • . . .. _ U. . • • . , • V . - -. . . - - II . . .. .. . _•. • as against.7-uc .. • - . . .. . . . .. . . :. . . , and to make up deficiencies in the Rebate Fund,the Taxes and Insurance Fund, the Senior Debt Service Account of the Bond Fund, the Debt Service Reserve Fund, the Repair and Replacement Fund and the Operating Reserve Fund, in such order and as described herein. (c) Investment income on amounts in the accounts of the Bond Fund, upon receipt by the Trustee, shall be deposited in the respective accounts. After the Completion Date, upon receipt by the Trustee, investment income on amounts in the Bond Fund shall be deposited in the Revenue Fund. The Borrower shall have no right, title or interest in any amounts from time to time in the Bond Fund. Section 5.03 Optional Redemption Fund. The Trustee shall deposit into the Optional Redemption Fund all amounts deposited for the payment of amounts due upon a redemption of outstanding Bonds(other - 41 -