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s H. The payments to be made by the Borrower to the Trustee under the Loan Agreement, together with the payments to be derived by the Trustee from the Credit Facility, pursuant to the terms of the Indenture, will be sufficient to pay all principal and purchase price of and interest, and premium, if any, on Bonds, as the same shall become due, and to make all other payments required by the Loan Agreement and the Indenture. Section 4. REFUNDING AUTHORIZED. The refunding of the Prior Bonds with the proceeds of the Bonds in the manner provided in the Indenture and the Loan Agreement is hereby authorized. Section 5. AUTHORIZATION OF BONDS. obligations of the Issuer to be known as "Indian River County Florida Variable Rate Demand/Fixed Rate Industrial Development Revenue Refunding Bonds (Florida Convalescent Centers, Inc. Project), Series 1988" are hereby authorized to be issued in an aggregate principal amount of Four Million Eight Hundred Thousand Dollars ($4,800,000) in the form and manner described in the Indenture and the Bonds. The Bonds will be dated such date and mature in such years and amounts, will contain such redemption provisions, and will bear interest at such rates (not exceeding the maximum interest rate permitted by the Act or by other applicable provision of law), all as provided in the Indenture and the Bonds. Section 6. AUTHORIZATION OF EXECUTION AND DELIVERY OF INDENTURE OF TRUST. As security for the payment of the principal and purchase price of and premium, if any, and interest on the Bonds, pro rata and without preference of any one of the Bonds over any other thereof, the Indenture, in substantially the form attached hereto as Exhibit "A", with such changes, insertions, omissions, alterations and corrections as may be necessary or desirable and are approved by the Chairman of the Issuer, such necessity or desirability, and approval to be conclusively presumed by his execution thereof, is hereby approved by the Issuer, and the Issuer hereby authorizes and directs its Chairman to execute, and its Clerk to attest under the seal of the Issuer, the Indenture and to deliver to the Trustee and the Registrar and Paying Agent the Indenture, all of the provisions of which, when executed and delivered by the Issuer as authorized herein and by the Trustee and the Registrar and Paying Agent duly authorized, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated verbatim herein. The Issuer does hereby provide in the Indenture the terms, conditions, covenants, rights, obligations, duties and agreements to and for the benefit of the holders of the Bonds, the Issuer, the Trustee and the Registrar and Paying Agent. Section 7. AUTHORIZATION OF EXECUTION AND DELIVERY OF LOAN AGREEMENT. The Loan Agreement, in substantially the form -5-