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1995-152
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1995-152
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Last modified
3/11/2019 3:08:10 PM
Creation date
3/11/2019 3:00:22 PM
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Resolutions
Resolution Number
1995-152
Approved Date
12/05/1995
Resolution Type
Housing
Entity Name
Escambia County Housing Finance Authority
Interlocal Agreement
Subject
TEFRA single Family Mortgage Revenue Bonds
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40 <br />F.(.ix,7IY rnp IFit OnIfflo <br />P1ecye <br />Pursuant to tl,,, Ir:_lc ntute, the series A Bonds are secured by <br />and payable fro"I the Series A Pledged Reventiee, consisting of, (a) <br />(i) all payments of principal of :and interest on such Series A <br />Mortgage Certific-ate,s (including any payments received from GYM <br />pursuant to tl-m i,-im Guaranty and Fannie Map pursuant to it$ <br />guarantee of payments on the Series A Fannie Mae Securities), (ii) <br />amounts required to be delx)sited on t:hri Bond Delivery Date in the <br />funds and accounts relating solely to the Series A Bonds held <br />pursuant to the indenture, other than the Cost. of Issuance Fund, <br />(iii) income or interest earned and gains realized in excess of <br />losses suffered on Investment Securities, and (iv) all moneys, <br />securities and fund=s (except amounts in the Rebate Fund, the <br />Program Expense Fund and the Cost of Issuance Fund) held by the <br />Trustee under the Indenture, and (b) after the Mandatory Tender <br />Dates, all Series B Pledged Revenues securing Remarketed Series B <br />Bonds, all on a parity with the Remarketed Series B Bonds. Series <br />B Bonds are secured by the Series B Pledged Revenues, which consist <br />of (a) as to Series B Bonds other than Remarketed Series B Bands, <br />(i) amounts derived from the Series B Proceeds Fund Investment <br />Agreement and (ii) all moneys, securities and fund_: (except amounts <br />in the Rebate Fund, the Pro -gram Expense Fund and the Cost of <br />Issuance Fund) held by the Trustee under the Indenture in the funds <br />and accounts relating solely to the series R Bonds and (b) as to <br />the Remarketed series B Bonds following the applicable Mandatory <br />Tender Date, (i) all payments of principril of and interest on the <br />Series B GNMA Certificates and Fannie Mae Securities (less the <br />Servicing Fee and any applicable (excess Service Fee;, and any <br />payrr.erat received from GNMA purl;cant to the GNMA Guaranty and from <br />Fannie Mae pursuant to the Fannia= Mae guaranty and all other net <br />prccpeds of such Series B 1;*� .a Certificates and Fannie Mae <br />securities, (ii) aanounts required t- be deposited on the Mandatory <br />T�rndF�r Date in the funds and accounts related solely to the Series <br />B Bonds pursuant to the indenture (other than the Cost of Issuance <br />Fu". the Rebate Fund and the Program Expense Fuad). (iii) income <br />or interest earned and gains realised in excess of losses suffered <br />otl Inve.stmmt Securities held in the funds and accounts relating <br />soler to the Series B sonde lescapt earnings on the Program <br />tManse Fen", the Rebate R1md and the Cost of Issuance Fund) , t iv) <br />all some". seourit res and tuads lencept amounts in the Rebate <br />Eyed, the Psogses ampellea Fund and the Cost of ire Fluid% W d <br />t.y t tw Trustee wrier the Indenture in the wads and ac, <br />r.lLsted aoleilr to the series a Bonds and (vl the Series A P. <br />revenue* on a parity with the series A boasa. 'Plsresuee. <br />are def Swed iA tln laidaatare to seas the series A 911=1arses" <br />and the series • lled*ad &*vow~ . <br />Ae dab, a , I I - - . . !ei t Aa eape sem "M i/[it>•!�i <br />o t run" , " t.lr AtA i.,..r it) , - to It h• (NOW <br />460 8164 Data awarst a w.Aw a and Geri is it <br />"the t w%da -- - - lsdMtsf'e ai isr <br />t he !Wyss! -W y . • ri 1. .a of same" ar <br />go <br />
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