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� � � O� • O �. O . - l CITY of ORONO � . � �, � � ti ti RESOLUTION OF THE CITY COUNCIL ��`9kESH.O��G NO. � 5 5 0 . (b) the Indenture, authorizing the issuance and setting the terms of the Bonds and pledging the revenues to be derived from the Loan Agreement as security for the Bonds, and setting foi�th proposed recitals, covenants and agreements relating thereto; (c) a Combinatioil Mortgage, Security Agreement, Fixture Financing Statement and Assignment of Leases and Rents (the "Mortgage"), dated as of December 1, 2006, from the Owner to the City, by which the Owner grants to the City a first mortgage lien on, a security interest in, and an assignment of leases and rents of, its leasehold and ownership interest in the Mortgaged Property (as defined therein); (d) a Subordinated ComUination Mortgage, Security Agreement, Fixture • Financing Statement and Assignment of Leases and Rents (the "Subordinate Mortgage"), dated as of December 1, 2006, from the Owiler to the City, by which the Owner grants to the City a second inortgage lien on, a security interest in, and an assignment of leases a�1d rents of, its leasehold and ownership interest in the Mortgaged Property; (e) an Assignment of Moi-tgage (the "Assignment"), dated as of December 1, 2006, whereby the City assigns its interest in the Mortgage and the Subordinate Mortgage to the Trustee; (fl a Bond Purchase Agreement (the "Bond Purchase Agreement"), between the City, the Owner, and Dougherty & Compariy LLC (the "Underwriter") . (the documents described in (a)through(fl above being the "Bond Documents"); � (g) a Guaranty (the "Guaranty"), dated as of December 1, 2006, from Volunteers of America in Minnesota (the "Guarantor") to the Trustee, guaranteeing payment of principal and interest on the Senior Housing Refunding Revenue Bonds, Series 2006B; "(h) Defeasance Instructions, dated as of December 1, 2006, from the City and the HRA to the Trustee pertaining to the refunding of the Prior Bonds; • 2