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Home My WebLink About0930 3 . . . ~ . ~ tu colkct lbe aame b fweclowre exc t u u writtep rcyurst u! tbe hul~kn ut at le~st twea~y•(ive ~crnt (:9%) ~ Y ~P , {?u of tbe princ ~mount ut wch uylstsailuy~ twnds (ot twealy-five pe~~Yal o! the ~uiacpal ~muunt o bonds lo m de[ault 1~ dc sult thw~W be a~~le in ka~ tbsa all ~he bu~ds.) '1'hc 'IYusue absU aot be rcquired w derl~rc thr I,wn~ls due or tslce any ~tion to foreclwe uaW it sbaU lu~ve ?eceivcd tbe writtea ~utire aad reyuat ~t,uvr pruvide~l. '1'hr 'IYw~re ~11 maiotiin fu~ inrpec~ioa by boadbokkra ~ ti~~ n~ the ori~iaal punlw~en ot wcb haKis and a rerurd ot sll wb~tquent tauutea ur aks lAersnt which lhe '1'nu~ec anay hs~rc bcea tixmallY eo~itied ia writia~. Y. ip ot ro~w.w~ or ~n~ s~~~~r lastrumen~ the 7'nutee shall be autlaraed. la its di~etwo. tu bK1 in thc p~openr 1~ its name. as '1'rustce fat Ihe bot~dden, aad tbe outstandir~ bonds cnay tre cunsidc~cd iiKt used as payaACat of and fur such bid. 3. la the eveat u[ foreclwwrc uf lht Sccuri~y Insuumcnt. in additiw tu all uther cusu. rhu~es and rx~xnsrs lu~ . which it may be liabk. the Itsutr ~11 be liabk to the'!'rustee (or ~U rcawnsbk costs and~attomty~c tccs incurmf by him in connection with the foreclowrc. ~ - 4. If there u aay co~11Kt betwre~ the provisiuns ut tha .1rtKk XIIt aod the ~?n~risions uf thc Scrurily Insuun~cn~. lhe pcovaioas o[ We kcurily Instrumrnl vwll cuAtwt. ' - la tbe event uf default. aad upoe s~ab uf the ~o{~eny purwant tu ~he terms ui lhr 5ecurity Insuum~n~. U~e oreeds detircd iwm wch iwk thall be applied u fuUows: ~ To tbe paymrnt of tbe costs aad expenus ~hereot. incl reawrwtrir compensa~iun tu ~he '!'ru,tre. hia .y~rn~x. attorneys snd countel. and all olher sapenses. ~dvaoce~ aatl~ililies ma~ie or in~urm! by thr '1'rustrc in mr~wKinK ~ ;u~d maintaiain~ the property. includins all such wms u shall have been ~?sid to~ ~he ch~es. lie~s. iuw~+nce. rc- n. ii aay. and the protectioa and p[rserritiat ot llie security. with intrrest thereon ~s hereiaatwve pruYUiect. iij '1'u the paya~eAt ot ~he {ui~cipal and x~cr4ed interest uf aad ty~oa said bunds. withuut prekrrnce w priu~i~y. which shaU tbea 6e outstYndinR and unNald. whether ~he ~•rme. by ~he teaor tbereot. be~ then due or tu bcrume duc aad if wch procYrds i~e aot wfficient to pay wcb amoual ia WII. tu pay such priacipal and in~en~i pro ra~. wieh- out preterence or priority of one boad wrer :u~uther. (iu) Aay retidue. psYabk to the Iswcr. _ X1V. R1sl.tASB O~ I.1F.N. Whep Ihr Issurr has mxlr ail uf the Ni~•mrn~s rryuireJ Iu be ~n.alr u~xir~ dir ' ~xuvisions oF this Indrnture and any bw~ds issucd pursu:~n~ hcrctu. thr frustet is +uthur~saY1 tu rxr~•uic rrlc.~u• with re~pecl lo ~he Sraurity Inslrumcut. in wch Wrm amt up~~n wch instrumen~ as thc'i'ruslee dcrms pru~Nr a~wl , lbe law of Ihr Sute uf ~hc Issue~ reyuircs. I ~ XV. REG151'RAIt 1'AYING ACF:N'C. 1. 'il~e Kary~istrir•P~yiux :\Rcn1 du~s nu~ m any way guarant~i ur ar~ ss wrcly tot lhe ~uymtnl uf thcst bun~ls. aad may nu1 bc hrW fialik thcrrui un~kr :u~y cunal~tiuus (unkas dur w its uwn ueXlq~encr). I~s ualy reywnsil,ility wi:h rrspect ~u funJs ~ tu Jisbune [unds p:ud by tAr Isuter (c~Ihrr d'uectly or,tbnw~h thc Custodi.v~ of tundx) ia iaymrnt uf principal arul intcrest due un ~he iwnJs. but unly aa aad l0 1bt exteat funds ~rc paid by lhe Iswcr. ~1~xeover. if at any lime thc amuunts ~irovidrd by 1he luur~ arc insufficitat to pay in full all pnnripal and ialeres~ thep duc, the Re~istrur•PayinK 1xrn~ will nut m~ke an~• ~~.~~mrn~ whalever. eren in ~n, unless and until ~hc Issuer pwvidcs sufi'Kicnt ad~li~wnal [uads tu rorcr wrh ~Nymrnl~ m ~ fuU. If furwls arc no~ w~~lied by thr Issuer i~ wff'N•icnt amuunts I~ur this pur{x?sr. the huldrn of said buml~ ma}~ nut look w thr Rcgistrar•P~yinK Agen1 to makc up any drficicncy. ' 2. All mo~ies rrceived by the ReRistr~~-Paying Agrat under ur punwnt to ~ny p~uvisiwn uf th~s InJcniurc al~all be heW by the Rcnisuar-Payin~ A~cnt, in t~st tor the puq?uses [or which they were {?~id ur a~c heW. but rz~r{~~ as olherwise provide~! hcrein. need not be sr~ated in +ny manncr frum +ny other munirs excrpt tu ~he ~zicn~ re~uired by law. aad m+y be de~wsited by the Rexistrar-P~ying 1Kent unckr wch genenl runditions is may bc prc scnbed by law. in its origuu! bankinR de~?+r~mcnt. and it shall nut bc liable [w any ~n~ettst thereun. XVI. AMt NtM~EN'1'. 1. '1'his Trust I~den~urc mey Ix amcrnied from ~imr io ~ime~as neccuiry ~y rrwlu~iun .~f the lwdy of the Iswer and by app~oval of all p~rties bereta. .x thcir_ succrswts. XVII. PAYMt N'1' O~ BONUS. 1. '11~r Issur~ hcrcby a~rec: tu ~~ay all Iwnds anJ thc uur~rs~ thrrrun as uiJ 6un.ls and i$tearest mature. which may br iuurd pursuant to thc pruviawns of ~his'frui~ Indcntun. u~ punuant io ~hr • ~xoviswns of any wbscyuent series ur issue uf lwnds Ih~t ma~• authurizrJ I~y Ihe Issuer. In aelditiun. ~hr lasu~•r a~rees to pay all srrvi.-e chary~es and uther ex~Knses and ch,~ryRrs as xt forth in this'1'ros~ Indenture. 2, la ~der w~?rovide tur thc nrderly ~nd syserm~lir p+~mcn~ uf thr bonds and in~crest as wnc I~c.ennr Jur. ~hr Issuer ~grets that it will pry uver tu thc Custud'u• n uf t'uaJs, in weekly or ulhrr pcrwJic incrcmrnta. :unuun~. thal wil) be w(ficient tu pay prim-i{~a1 a~Hl interes~ ins~ailments in xronl~nce with the Repaymrn~ Schcduk attachcd as Exhibit "C" hcreto. ~nd lo wy 1hr charxts duc w ~hc Brukcr-lkalcr .~s pruvi~tctl f~.r hrrrin. ~fh~- luu.•i agrces to raakc wrh ~.ayments +s reyuired hcrcundrr bcfurr disbursu~g any uf its funds fur any uthcr pwpuar~. 3.1'he Custalwt uf Fu~x1s a~rees to accept and receivt such sinking funJ ~uyments frum the Isaurr, anJ .y~~.•~•~ dc~wsi~ said furnls.intu an accuuat maintainnl fur wch purti.uscs by thc Gu:tocii+o of Fun~la. Ny rac~uti~?u u( ~his :q~reemeat, the µarties hereto ac~wwleJRc thal said x~~~um ~s maintaincd by the Cust~xliaa uf t unJs (ur ~hr . pu~w se ot payinX Ihe Iwnds aad interest thcrrua ui thr Issuer as same mature. 4. Pruvided thc Issuer Iws {~aid ovcr 1u lhe Custudun of t utHls wffirienl funds with whirh to du s~?. aaKf Cu~~.K1i~~~ aRrccs that it wilt promptly pay over to the Rc~islru-Pryirq~ :~Rcnt sums u~ munry wf(icicot ~u amurtvr thc _ bundt issuetl. in Y~i-onlanrc with the Re~ayment Schedule attacheJ herttu. tl~xrn recrip~s uf th~ (unds nc.Ywr? tu pry the lw~als a~ thry mature . sutd u{~on wrrender of the b~nds by lawful hulden thercuf. the Krkisuar-Pa~ ~uK Axrat w~{I µ~y thc principd ind intera~t due snd~ then c+ncel the buodi s~? p~id. :~t rcgulxr intcrv~b. ~hc Cus~~Klian ut tu~wls will renJtr a rc~wrt tu lhe Iswer of the !?nrnls paid anc! thuse which rcmxin uutst~ndinK. 5: lliu boods or coupons shall draw +ny i~tercsl aftet mal~ri~y. F . ~ II~ WI'1'N~:SS WIi~:K~:O~. tht parties have c~uscd thtir tiamrs, hands and x,ls Io bc hercunto a(fixrtl, r~Kl thu Msuument to be exccuied by ~hc duly authurized offircn. - New Testament Baptist,Church..of E'ort I'ierc~e. . ~~~csurr- 'In~. sy:...,,~'7~.- • . . President ~r=.l.rl/ ' " . . . . . . . . Sec retary WiU~esscs aa to exrru~iun by thc Iswer. ~ ~.,t~,.~t,~~,c.u.t~.-~-.~~ 1,~~~ ' . I i i = • ~ ~ 1 ' + 1 BOQK ~7~ PAt~ f . ~ _ - -