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(a) That the Borrower and/or the Borrower's agents will use all reasonable efforts to find one or more purehagerg for the Bondg: And (b) That the Borrower will enter into a loan agreement with the Issuer, under the terms of which the Borrower will be obligated to pay to the Issuer sums sufficient to pay the principal of, interest on and redemption premiums, if any, with respect to the Bonds when the same shall become due and payable, to operate, maintain and repair the Projects at its own expense, to report annually to the Issuer the annual bond indebtedness outstanding and any other information necessary to comply with Section 218.32, Florida Statutes, and to pay all other reasonable costs incurred by the Issuer in connection with the financing of the Projects, except as may be paid out of Bond proceeds or otherwise; and (c) That all risk of loss to the Projects will be borne by the Borrower. 3. All commitments of the Issuer under Paragraph 1 hereof and of the Borrower under Paragraph 2 hereof are subject to the mutual agreement of the Issuer and the Borrower as to the terms and conditions of the above -referenced loan agreement and of the Bonds and the other instruments and proceedings relating to the Bonds, including, without limitation, and to the sale of the Bonds pursuant to such terms and conditions. It is the intent of the parties hereto that the Bonds shall be prepared in such form and shall be issued, underwritten and sold and the proceeds thereof used, all as may be mutually agreed upon by the parties in accordance with the requirements and provisions of the Constitution of the State and the Act. 4. The Borrower and the Issuer further agree as follows: (a) The Borrower is authorized, subject to the conditions set forth herein, to acquire, construct, renovate and equip the Projects, and is further authorized, without intending to limit the foregoing, to prepare or cause the preparation of plans, specifications and other contract documents, to award, at the discretion of the Borrower, construction and other contracts upon a competitive or negotiated basis, to inspect and supervise the construction or renovation of the Projects, to employ engineers, architects, builders and other contractors, and to perform such other functions and services as may, in the opinion of the Borrower, be desirable in connection with the acquisition, renovation, construction and equipping of the Projects. The Borrower may advance such funds as may be necessary to accomplish such purposes and shall be entitled to reimbursement for such expenses from, and only to the extent of, the net proceeds received �3