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<br />according to the import thereof, and to constitute this Indenture a valid contract for the security of <br />the Bonds, have been done and performed; and the creation, execution and delivery ofthis Indenture, <br />and the creation, execution and issuance of said Bonds, subject to the terms hereof, have in all <br />respects been duly authorized; <br /> <br />NOW, THEREFORE, KNOW ALL PERSONS BY THESE PRESENTS, THIS <br />INDENTURE OF TRUST WITNESSETH: <br /> <br />That the Issuer, in consideration of the premises and the acceptance by the Trustee of the <br />trusts created and of the purchase and acceptance of the Bonds by the holders and owners thereof, <br />and of the sum of One Dollar to it duly paid by the Trustee, and for other good and valuable <br />consideration, the receipt of which is hereby acknowledged, in order to secure the payment of the <br />principal of and interest on the Bonds according to their tenor and effect and the performance and <br />observance by the Issuer of all the covenants expressed or implied herein and in the Bonds, does <br />hereby, subject to the terms and provisions of the Loan Agreement, grant, bargain, sell, convey, <br />mortgage, assign, warrant and pledge unto the Trustee and unto its successors in trust, and to its <br />assigns, forever, for the securing of the performance of the obligations of the Issuer hereinafter set <br />forth: <br /> <br />1. All right, title, interest, and privilege ofthe Issuer in, and under the Loan Agreement <br />(other than the rights of the Issuer under Section 4.03, 7.03, and 9.04 of the Loan Agreement) <br />including all extensions and renewals of the term thereof, if any, together with all right, title, and <br />interest of the Issuer, therein, thereto, and thereunder including, but without limiting the generality <br />of the foregoing, the present and continuing right to make claim for, collect, receive, and receipt for <br />any of the Basic Payments, income, revenues, issues, and profits and other sums of money payable <br />or receivable thereunder, whether payable as even payments or otherwise, to bring actions and <br />proceedings thereunder or for the enforcement thereof, and to do any and all things which the Issuer <br />is or may become entitled to do under the Loan Agreement; <br /> <br />2. All moneys and securities from time to time held by the Trustee under the terms of <br />this Indenture and any and all other real or personal property of every name and nature from time to <br />time hereafter by delivery or by writing of any kind conveyed, mortgaged, pledged, assigned, or <br />transferred, as and for additional security hereunder by the Issuer or by anyone in its behalf or with <br />its written consent, to the Trustee which is hereby authorized to receive any and all such property <br />at any and all times and to hold and apply the same subject to the terms hereof; <br /> <br />3. <br />herein; <br /> <br />The earnings derived from the investment of any of the foregoing sums as provided <br /> <br />4. All property mortgaged, pledged and assigned under the Mortgage and the <br />Assignment, and any and all other property of every name and nature which may from time to time <br />hereafter by delivery or by writing of any kind be subjected to the lien hereof by the Issuer or by <br />anyone in its behalf or with its written consent, and the Trustee is hereby authorized to receive any <br /> <br />-2- <br />