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f —m Match 1, 1"(1, Or unl*vr- a 90r][014 A Wind is registered ar l <br />Al henticated on a Sato which is attar trisapplicable Record Date <br />Y- <br />and foie the next enauinq Intetpat Per—nt wte, in which Cans It <br />shall t--ar interest f7(-,-, @2rrh 7-,-x+ nsuirq Intpr¢at. Payment Data or <br />unless, as shown by t I•,e r ec -1 Ar, ­f the Trustee, interest an the <br />Series A Bonds shall 1>r in %?-fault , in which event any such Strias <br />A Bond shall hea: int .>1 e> t 11(­n the date to which interest was last <br />Paid nn any such .et ies A I3.}nd. <br />Redemption Provisions <br />HAndittory Kede=tian. The Set-I#-!; A F3onda (-;r portions <br />thereof ) are subject to sj-.ecial mandatory redemption its wh^1P or in <br />part at a redemption price equal to 100% of the principal amount <br />thereof, without premium, plus accrued interest to the date of <br />redemption on any data beginning Tray 16, 199"1 and ending August 1, <br />1997 (or on a date thereafter determined by the Authority, if the <br />Origination Period and the Certificate Acquisition Period for the <br />Series A Bonds arca extended As provided in the Indenture) from <br />moneys remaining in the Series A Acquisition Fund for from, other <br />sources in an ar.c=unt equal to such remainingmoneys) which were not <br />used in accordance -- with t i.e Indenture to purchase Series A P!:)rtgage <br />Certificates. <br />It is possible that a substantial portion of. the Series A <br />Bonds may be called for Special Mandatory Redemption without <br />premium because of non-origination of Series A Mortgage Lc>ans. <br />See "GOVERNMENT NATIONAL MORTGAGE ASSOCIATION PROGRAM -- CWM <br />Certificates," "FEDERAL NATIONAL MORTGAGE ASSOCIATION -- Fannie Nae <br />Securities", "PKOC,RAM ASSUMPTIONS AND B0111)HOLD:RS' RISKS" and 'TIM <br />AUTHORITY t Prior. Bonds" herein. <br />Mandatory modem i -ijl . The Series A bonds (or portions <br />thereof) +ire subject to mmndatory redemption in minimum aggregate <br />pzinc•ipaI amount r,T ;2S.000 and integral multiples of $S. 000 in <br />r'xc f.',7' (-:�,f $2S.000' at a redemption price tqual to loot of the <br />pj i n , i pa l ateCIUnt thetjeof . without premium. plus accrued interest to <br />ri.ate of redemption from and to the extent there are deposits in <br />:'er ies A subaccount of the Principal Account from Pr i nc i pa l <br />P r •f ,a y Tm-nts and lb"ss Revenues • or from other sources In amounts <br />equal to such macer_. in whole or in part. an any Interest Payment <br />Dat- an or after October 1. 1997 for on a date theroaftsr <br />dot eruin" by the Authority, it the Origination Pentad and <br />or rt i i i s i t ion Period for the series A Sonde are amended <br />•a pt�riAtd itt t lt.- I t� i� r ; t u i p + , <br />to sddit ion+ , 1 on nay date too am o! U0Wv feeber t W <br />embed t t owe t ne sale of N I IOeR 1 t tatM i M decor I t <br />ii t6 rrdeoMoouett a of t he Oswer" Pie& the &Wd /re ! iaelWa� <br />tits ftiaclpal iaeroyamt . tis 1witof"a "as=& am tis Steens rot <br />0AWS"U . 01e t+ragr 00 !W ami tr Wet• Prr M14% UN <br />ai11 to the 60,1040 A 1r ar e+t�` tr a0prystl <br />� &NAWWW t to ��ti �� 0I40 tar � a� �~ <br />llYat+M Ame amid mm�r�4&lA9Mir iRg s~r- 4" a� wmst� _ <br />1 <br />