OTHER-2021-022 Trust Agreement - Laserfiche WebLink

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* $ Limited Obligation Bonds, Series 2021A (the "Series A Bonds"); and * $ Taxable Limited Obligation Refunding Bonds, Series 2021B (the "Series B Bonds"). (b) The County is receiving a total of $_ (the "Amount Advanced") from the sale of the 2021 Bonds. The County will use the Amount Advanced as provided in this Agreement to pay Project Costs. Section 1.02. Bonds Constitute Installment Contracts. Each of the Bonds, together with the County's corresponding obligations under this Agreement and the Deed of Trust, constitutes a separate "installment contract" within the meaning of Section 160A-20 between the County and the owner of that Bond. The County's payment obligations, and its other obligations under this Agreement and with respect to the Bonds, are secured by the lien on the Mortgaged Property created under the Deed of Trust and by the other security provided for in this Agreement. The security for each Bond ranks on parity with the security for every other Bond. Section 1.03. Form and Details; Payments. The Series A Bonds will be numbered RA-1 upward for identification, will be designated "Limited Obligation Bonds, Series 2021A," and will be in substantially the form of Exhibit B, with any changes as this Agreement permits or requires. The Series B Bonds will be numbered RB-1 upward for identification, will be designated "Taxable Limited Obligation Refunding Bonds, Series 2021B," and will be in substantially the same form as the Series A Bonds. The 2021 Bonds are payable as to interest semiannually until payment on each Payment Date at the following rates (calculated based on a 360-day year consisting of twelve 30-day months), and are payable as to principal on December 1 in the following years and amounts: Series A Bonds Maturity Date Principal (December 1) Amount ($1 Rate ° [To come.] 3