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Agreement Provider will pay interest on the amounts invrjstr,ci under <br />j,e <br />the Series I3 Proceeds Fund InvC+stment ArIr'eetm-=nt at the rate of <br />3.70% per annum until January 15, 1997 anci 'It a rata of 5.451 per <br />annum from January 1�,, 1997 to April 1, 1997. The Series A <br />General Investment Agreement Provider will pay interest on the <br />amounts invested under the Series A General Investm=int Agreement at <br />the rate of 5.93% per annum for the term of the Serie: A Bonds. <br />As set forth in the indenture, the Investment Agreements must <br />be provided by or guaranteed by entities whose debt obligations, at <br />aur <br />the time such investment agreement is executed, must meet certain <br />for <br />rating requirements imposed b Mood <br />q P Y Y's. Specific information <br />Ioa <br />regarding the Investment Agreement Providers may be obtained upon <br />GUM <br />request from the Authority. <br />Ser <br />red <br />GOVERNMENT NATIONAL MORTGAGE ASSOCIATION PROGRAM <br />SER <br />8:d <br />The sum,„nary of the GP1A1A Program, GNMA Certificates and other <br />`�. <br />documents referred to herein does not purport to be comprehensive <br />Acq <br />and is qualified in its entirety by reference to the GNMA Guide and <br />use <br />to the GNvA Certificate.,; and other documents for full and complete <br />Mae <br />statements of their provisions. <br />GNMA is a non -stock corporate instrumentality of the United <br />may <br />States within the United States Department of Housing and Urban <br />Uni <br />Development ("HUD") with its principal office in Washington, D.C. <br />°I'' <br />which guarantees privately -issued securities backed by pools of <br />mortgages (the "GNMA Pools"). <br />der <br />GNMA is authorized by Section 306(g) of Title III of the <br />National Housing Act of. 1934, as amended (the "National Housing <br />Act"), to guarantee the timely payment of the principal of, and <br />interest on, certificate, which represent an undivided interest in <br />a pool of mortgage loan:: insured by FHA under- the National Housing <br />Act, guaranteed under Titles V of. the Housing Act of 1999, or <br />guaranteed by VA under Chapter 37 of Title 38, United States ('ode. <br />Section 30G(g) further )provides that "the full faith and credit of <br />the United States is pl=edged to the payment of all amounts which <br />may be required to be paid under ,any guaranty under this; <br />subsection." An opinion, dated December 9, 1969, of air Assistant. <br />Attorney General of the United States, states that .such guarantees <br />under Section 306(8) of the mortgage -barked certificates of the <br />type being delivered to ttia Trustee an behalf of the Authority are <br />authorised to be mado by f2M and *would constitute general <br />obligations of t_hr T,,nited states backed by its full faith and <br />credit.' <br />Goa cammltments <br />1n ,rdet to ,auaw thr issuanc•w of ®M Oe!l�ticates. ttw <br />serv5re1 must fir:t ape } y to, arzf reeeew Cava* 4�, ooeie►t rat o <br />to quaxar:tws s.: ,t s rr.: F tA+J1 .­mnaemmbt 4111th is" Un erervIi'et <br />t c 3 Hue (1:1Rp [`. r t ; ! i a' {. t a at at" aaomt Arslao a one rent <br />ty <br />