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11 Modification • No adverse material modification or amendment of the Resolution, or of any resolution amendatory thereof or supplemental thereto, may be made without the consent in writing of the Holders of 51% or more in aggregate principal amount of the Bonds then outstanding affected by such adverse material modification or amendment; provided, however, that no modification or amendment shall permit a change in the maturity of any Bonds or a reduction in the rate of interest thereon or in the amount of the principal obligation thereof, or affect the unconditional promise of the County to levy, impose and/or collect the Revenues, or other receipts and revenues pledged under the Resolution, if any, or to pay the principal of and interest on the Bonds as the same shall become due or reduce the percentage required above for an adverse material modification or amendment, without the consent of the Holden of all of the Bonds affected thereby. The foregoing shall not apply with respect to supplemental resolutions adopted for the sole purpose of issuing Additional Parity Bonds or junior and subordinate obligations issued in accordance with the Resolution. Operation and Maintenance The County will maintain the System and all parts thereof in good condition and will operate the same in an efficient and economical manner making such expenditures for equipment and for renewals, repairs. and replacements as may be proper for the economical operation and maintenance thereof. No Mortgage or Sale of the System The County will not sell, mortgage, pledge, or otherwise encumber the System or any part thereof, or any Revenues to be derived therefrom, except as provided in the Resolution (which contemplates, without limitation, the issuance of Additional Parity Bonds), and will not sell, lease, or otherwise dispose of any substantial portion of the System, except as set forth below. The County may sell, lease or otherwise dispose of the property comprising a substantial portion of the System in the event that (a) such property is determined by resolution of the Board, upon the recommendation of the County Administrator and the Consulting Engineers, to be no longer necessary or useful or profitable for the System; and (b) the sale, lease, or other disposition of such property is determined by resolution of the Board, upon recommendation of the County Administrator and the Consulting Engineers, not to impair the ability of the County to comply during the current or any future Fiscal Year with the rate covenant set forth in the Resolution. The proceeds derived from any sale, lease or other disposition of a substantial portion of the System shall be used for the retirement of outstanding Bonds, subject to the prior application thereof for any then outstanding Senior Lien Bonds. Any other proceeds derived from the sale, lease or other disposition of a portion of the System shall be placed in an appropriate fund of the County relating to the renewal or replacement of the System, provided, however, all or a portion of any such proceeds may be used for the retirement of outstanding Bonds if authorized by resolution of the Board upon the recommendation of the County Administrator and the Consulting Engineers. Insurance For so long as any of the Bonds are outstanding, and to the extent practicable, the County will carry a;lequate fire and windstorm insurance on all buildings, structures, and other appropriate properties of the System, which are subject to loss through fire or windstorm, will carry adequate public liability insurance, and will otherwise carry insurance of all kinds and in the amounts normally carried in the operation of similar facilities and properties in Florida. Any such insurance shall be carried for the benefit of the Registered Owners of the Bonds, subject to the prior application thereof for any then outstanding Senior Lien Bonds. All moneys received from losses under any of such insurance, except public liability, are hereby pledged by the C-3