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?- <br />,?,: . <br />ISSUE.'r. jd1La SF'UdZ"ate dapos1t czC:i:i7lifli ;iClclll Uc li1 the I1i=ilil2 Oi" <br />tllc ISillt]" aT1d Sh%.t7l be d=?S1 ji'?`1tcC' "::i``I Ot NQrth QlP1gtC'd, Ur110 <br />'" BY'Ydi1t & StrattoTl Pr'p7ect ('Ortsi-.t.-i.lctli)Cl C't.lT1C9" (C.tlr? <br />n -. <br />1.0f1StY'llCtlOR Y' UIld"). i';Ji1c'.ys Ia i.:1c; (;OT:.itr1C't.-.1nIl r'UIld i11ay rJe <br />iC1J2:>te.3 aS pCOVJ_dPd ll1 S='C't1C`fl 10 .'F'Y',:'C?f aild 5:1.-,ll be disblli.sed <br />1n cICCOrddT1Ce wlt}7 tPE' OY_OV1S1C?r?s of LClE=' r,SCL"pW A<jl'eem,-;ri'l., tr1F' <br />A=jr'et.'7Tlt'11t ctC1G trlc A::,51g?iiileili., Til" ESL.rC)`w' AgF?riL 1:.-i allt'f1pY1'LE-'d <br />ci7u dlY'F'Cted_ LO T[lake d1SDl.irSe112nt:; i Yo,^.i ti'° C.:O!1Struction C UI7(j 11'1 <br />dC:Ci7rda11CC Wj_t.'fl SUCrl i?rOV1s1G11r.. <br />1f1e T11027eyS LJ the Ci"?dlt Ci1 Ll.`!c' 1.VnSt(_'UCt`_1o11 FUI`!d Shall., <br />p°i7C11?Zg d1SbllY'Se;t1c11t aS auo'Je st'i: iC7ri`'.i1, bt? SUb_}PC:L 'i.0 d l lE?Yl <br />and cnar_ge iri f.avor oF the Holuer, <br />2'11°r'E_' 1S heik?bJ C;_t?d't_2d b`i7 ih;-' IS..IE?T.' and OY'uE'Y'E'_iI <br />;naint<z:inecl, if and to the axtar.t re:,uired by the Mortgage, (i) a <br />separate e3epc;sit accouriL to be rield by the Escrow Agent anci to <br />be enti; led "City of North O.1mbceU, 0hzo -Bryanc & Stracton <br />PZ'O]E'Cr 111S1.1Y'aI1Ce ACCOt1rit" (t'_r1E "II1St1Ca1'1Cf:'. FiCCOllrit"), di1d (11) a <br />separate depo;;it :ccoun.t to bU held b_y the Escrvw Agent and to <br />be entitled "City of North Olmsted; Oh?.o -Bryant & Strattan <br />Pr_aject Conde:nnation Accoant" (the "Condemization Account"). A11 <br />moneys deposited in and cr edited to the :insurance ^1r.count and <br />the Condemnation Arcourit ir_ accordanrc taith the ?-iortgaqe may ne <br />invested, and sha=t1 be c3i:;hocse<.7 and ar:,pl.i.ed, in ac:cordar.ce with <br />the provisions of the z?ort. a,. , Tht, Escro?Y A?r?'? is a?. <br />? J ?- g^ t.Y?o.rirec7 <br />? , <br />c:ild ?ilY'E'Ct?'?? tO flia!S.E' d:LS'C.711C'SeiTlenCS ir'O:?I the Inillral'11:E ACCOUilt <br />clild l.r1E' COI1d('_.IT1:1atIOIi ACC011.iit 1_Cl ciCCoI"dd[1C2 W3.'1=f1 SUC".h nLOV?_SlOi1s. <br />"1'he rnoneys to the credi.t of the Ir,surance Account and the <br />Condemnation Account s}lai1, pending disbursemEnt as set forth <br />above, b2 subject to a lien and charge in favor oi the Iiolder. <br />Section 7. Sotirce of Payment of Project tsond. As <br />provided in the Agreernent, I?oari Payments ~that are 1sufficient in <br />time and amount to pay the Bond Service Charc;es as they come due <br />are to be gaid by the Comgary :.+irectly to the Holder for the <br />account of the Issuer_. Tho Holder oF the Project Bond ::hall <br />maintain a record of payments rnade on the Project Band. <br />The Issuer her.eby covenants and agrees that until the <br />entire principal of and prerniurn and Late Charges, if any, and <br />intRrest on the Project i3ond are paid: (i) it wi7.l pay, or <br />cause to be paid, to the Holder, Pledqed :teceipts sufficient in <br />time and amount to pay the F3and Seryice Charges as the sarne <br />become due and payable; ( ii) it wiil diligently and promptly <br />proceed in yood taith ar.d use its best efforts to enforce the <br />Agre`men;_.; and ( iii.) should there bF> a,z Event of DeEault under <br />r.ne Agree;nent, the Issuer wil.i cooNerate witn the Holder to <br />protect fully the rights G:1d secuYity of the Hoider., provided <br />0-hat not.hirig herein shall oe construed as requiring the IasuPr <br />1: