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e <br />General <br />Each Mortgage secures payment of (i) the principal of, premium (if <br />any) and interest on the Bonds of the Issue relating to the Project described <br />in such Mortgage and (ii) all amounts owed by the Company to the Bank under <br />the Reimbursement Agreement. So long as the Credit Facility shall be in <br />effect and the Credit Facility Provider shall not have wrongfully failed to <br />honor any demand for funds under the Credit Facility, the security of the <br />Mortgage shall be for the sole benefit of the Credit Facility Provider, it <br />being the intent of the Issuer, the Borrower, and the Bank that the ultimate <br />security for the Bonds shall consist of the Credit Facility and the amounts <br />received by the Issuer or the Trustee under the Loan Agreeement. <br />The Indenture provides that the Trustee must release or modify the <br />Mortgage at the request of the Credit Facility Provider under conditions <br />described under "Summary of Certain Provisions of the Indentures - Amendment <br />of the Loan Agreement and the Mortgage." , <br />Administration of the Mortgages <br />Prior to the time the Bonds secured by any Mortgage shall have been <br />paid in full, and so long as such Bonds are secured by a Letter of Credit or <br />any amounts are owed by the Company to the Bank under the Reimbursement <br />Agreement, the Bank will be entitled to administer, enforce, waive and release <br />any and all of the rights and remedies of the mortgagee under such Mortgage <br />(other than acceleration of the secured indebtedness), without the <br />participation, consent or approval of the Trustee or the bondholders; <br />provided, however, that the administration, enforcement, waiver and release of <br />such rights and remedies shall require the consent of the Trustee so long as <br />the Bank is in default with respect to its obligations under such Letter of <br />Credit. <br />Payment of Taxes and other Charges <br />The Company agrees to pay under the terms of each Mortgage all taxes, <br />assessments and other charges assessed against the property covered by such <br />Mortgage or the obligations secured by such Mortgage and all premiums on the <br />policies of fire and other hazard liability and other insurance covering or <br />relating to such mortgaged property which are required to be maintained in the <br />Mortgage. <br />Care of Mortgaged Property <br />The Company agrees in each Mortgage to maintain the property covered <br />by such Mortgage in good condition and repair, making from time to time the <br />necessary repairs thereto and renewals and replacements thereof. <br />Insurance <br />Throughout the term of each Mortgage, the Company agrees to keep the <br />property covered by such Mortgage continuously insured against such risks as <br />D-10 <br />