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ARTICLE I <br /> THE 2025 BONDS <br /> Section 1 . 01 . Provision for 2025 Bonds; Advance . (a) The County will <br /> issue , and the Trustee will authenticate and deliver, 2025 Bonds in an aggregate <br /> principal amount of $ 67 , 360 , 000 . <br /> (b) The County is receiving a total of $ 72 , 563 , 614 . 65 (the "Amount <br /> Advanced ") from the sale of the 2025 Bonds . The County will use the Amount <br /> Advanced as provided in this Supplemental Agreement to pay Project Costs . <br /> Section 1 . 02 . Bonds Constitute Installment Contracts . Each of the 2025 <br /> Bonds, together with the County' s corresponding obligations under the Trust <br /> Agreement and the Deed of Trust, constitutes a separate " installment contract" <br /> within the meaning of Section 160A- 20 between the County and the owner of that <br /> Bond . The County' s payment obligations, and its other obligations under this <br /> Agreement and with respect to the Bonds , are secured by the lien on the Mortgaged <br /> Property created under the Deed of Trust and by the other security provided for in <br /> the Trust Agreement. <br /> Section 1 . 03 . Agreement Supplements Prior Agreement; 2025 Bonds <br /> Are Additional Bonds . This Supplemental Agreement is a " supplemental <br /> agreement" for the issuance of Additional Bonds as provided in the 2021 <br /> Agreement, and the 2025 Bonds are "Additional Bonds " as defined in the 2021 <br /> Agreement. Except as modified by this Supplemental Agreement, all terms of the <br /> 2021 Agreement remain in effect and apply with respect to the 2025 Bonds to the <br /> same extent as to all Prior Bonds . <br /> Section 1 . 04 . Form and Details ; Payments . The 2025 Bonds will be <br /> numbered R- 1 upward for identification, will be designated " Limited Obligation <br /> Bonds, Series 2025 , " and will be in substantially the form of Exhibit C, with any <br /> changes as this Supplemental Agreement permits or requires . The 2025 Bonds will <br /> be issued as fully registered bonds payable as to interest semiannually until <br /> payment on each Payment Date at the following rates (calculated based on a 360 - <br /> day year consisting of twelve 30 - day months) , and payable as to principal on <br /> October 1 in the following years and amounts . <br /> 3 <br />