Laserfiche WebLink
Counties,a North Dakota nonprofit corporation(the"Corporation"),under the provisions of a Loan <br /> Agreement dated as of September 1, 2010, between the Issuer and the Corporation (the "Loan <br /> Agreement"), as modified by the Bond and Loan Modification Agreement among the Issuer, the <br /> Corporation and the Lender dated as of October 1, 2014. <br /> Additional provisions of this Bond are contained on the reverse hereof and such provisions <br /> shall for all purposes have the same effect as though fully set forth at this place. <br /> IN WITNESS WHEREOF,the County of Cass,North Dakota,has caused this Bond to be <br /> signed in its name by the manual signatures of its Chair of the Board of County Commissioners and <br /> its County Auditor. <br /> COUNTY OF CASS, NORTH DAKOTA <br /> ( signature ) <br /> Chair, Board of County Commissioners <br /> ATTEST: <br /> ( signature ) <br /> County Auditor <br /> (form of reverse of Bond) <br /> The Corporation has agreed under the Loan Agreement to repay the Loan, together with <br /> interest thereon,in amounts and at times sufficient to pay the principal of and interest on the Bonds <br /> as the same shall become due and payable (the "Basic Payments"). Pursuant to the Pledge <br /> Agreement, the Issuer has assigned and pledged to the Lender, the Basic Payments due under said <br /> Loan Agreement and all other assets and revenues held pursuant to the Resolution and Loan <br /> Agreement from time to time. Payments under the Loan Agreement are secured by a Mortgage, <br /> Security Agreement and Fixture Financing Statement dated as of September 1, 2010 (the <br /> "Mortgage") from the Owner to the Lender and an Assignment of Leases and Rents dated as of <br /> September 1, 2010 (the "Assignment"), from the Owner to the Lender. <br /> Reference is hereby made to the Loan Agreement, the Mortgage, the Assignment and the <br /> Pledge Agreement for a description of the properties; and rights encumbered and assigned, the <br /> provisions, among others, with respect to the nature and extent of the security, the rights of the <br /> Lender,and the rights,duties and obligations of the Corporation and the terms upon which the Bonds <br /> are issued and secured. <br /> This Bond is issued pursuant to and in full compliance with the Constitution and laws of the <br /> State of North Dakota particularly North Dakota Century Code, Chapter 40-57, and pursuant to a <br /> resolution adopted and approved by the County Commission on August 16, 2010. This Bond is a <br /> limited obligation of the Issuer and is payable solely from the revenues and other amounts derived <br /> from the Loan Agreement or sale or other disposition of the Project financed through the issuance <br /> of the Bonds. The Bonds do not now and shall never constitute an indebtedness of the Issuer within <br /> A-2 <br />