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Walton County <br />Walton County has Varticipateci in the Authority's Series 1995, <br />Series 1992A, Series 1989(' and Series 1989A and B issues. Walton <br />County is located on the Gulf. of Mexico t.-etween Panama City and Ft. <br />Walt on Beach. The county seat. is DeFuniak Springs. Walton Courity <br />has not established a housing finance authority. <br />DEFINITIONS OF CERTAIN TERMS <br />The following terms have the following meanings when used <br />herein unless otherwise specified. <br />"Acquisition Price" means the cost of acquiring a Single <br />Family Residence from a seller as a completed residential unit, as <br />more fully described in the Origination Agreement. <br />"Additional Series B Bonds" means additional Series B Bonds <br />issued on the Remarketing Date and payable from the Series B <br />Pledged Revenues pursuant to the Indenture. <br />"Application Start Date" means, with respect to the Series A <br />Bonds, March 27, 1996 and, with respect_ to the Series B Bonds, a <br />date specified in the Series B Supplemental Indenture. <br />"Area of Operation" or "Eligible Loan Area" means the area <br />within the territorial limits of the Counties. <br />"Authority's Fee" r,i "Issuer's Fee" means, with respect to the <br />Series A Fonds, a:i annu%sl amount equal to 0.01751 of the <br />outstanding principal '1>.41ance of the Series A GNKA Certificates and <br />Fannie Nae Securities A::; of the date which is 35 days prior to each <br />Interest. Payment Date (as certified to the Trustee by the Servicer) <br />p,syable to the Authority on each Interest Payment Date com"ncing <br />October 2, 1 99(; . <br />"Bond Delivery Date" means the date on which the Bonds are <br />fl -.1 i vorwd 1c) I I,- -r purchasers t hereof . <br />"load Year• n .. r,:: t h" period (i) commencing on the Band <br />I?!^I7v,-jy Date and rr.lar.,a :-pEwher 1O. 1996, and (it) thereafter. <br />.r-ro- t . r- ing on Oct obe t 1 of any calendar year and end l ng on the asst <br />rrdittq September 10, as the cavo say be. <br />e tUdss Resermtiomso sasns the amount of funds reser.rsd by <br />a uori icipsat from its Ot+tsgram Allocation for builders, sub)sct to <br />t tie ).t Ca►f aione of t t- Origt.ostson a greaenot . <br />"iusiasee Day" means &IV day othar thea a Saturday. mod -y. <br />1.1r 4W uhlah OeeI twee •tdt ems to the Otago. <br />it. M .lett time prtottpal oettee of tar Tevstee. toe <br />M <br />