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CJ <br />S P" E C I hi E N <br />Florida Statutes, and other applicable provisions of law and a <br />resolution duly adopted by the Board of County Commissioners of <br />the Issuer on November 3, 1982. This Bond is issued under and <br />secured by a Loan Agreement, Mortgage and Security Agreement <br />between the Issuer and Robert H. Davis and William A. Davis dated <br />the date hereof (the "Loan Agreement"). The Bond is issued for <br />the purpose of financing the cost of the acquisition, construc- <br />tion and equipment of a light metal material handling plant (the <br />"Project") to be acquired by and at the expense of Robert H. <br />Davis and William A. Davis (collectively, the "Proprietor"), <br />within the territorial limits of the Issuer under and pursuant to <br />Lhe Loan Agreement. <br />Copies of the Loan Agreement are on file at the office <br />of the Clerk of the Board of County Commissioners of the Issuer <br />and reference is made to the Loan Agreement for the provisions <br />relating, among other things, to the terms and security of this <br />Bond, the collection and disposition of the revenues and receipts <br />of the Issuer from or in connection with the Loan Agreement, the <br />custody and application of the proceeds of this Bond, the rights <br />and remedies of the holder of this Bond and the rights, duties and <br />obligations of the Issuer and the Proprietor. <br />This Bond is and will be secured, to the extent provided <br />in the Loan Agreement, by a pledge of and lien upon the proceeds <br />of this Bond and the income from investment of funds under and to <br />the extent provided in the Loan Agreement, and the revenues and <br />receipts derived by the Issuer from or in connection with the <br />repayment of a loan (the "Loan") from the Issuer to the Proprietor <br />for the financing of the Project, including payments received under <br />the Loan Agreement. This Bond is additionally secured by a security <br />interest in and mortgage upon the Project, all as more par- <br />ticularly set forth in the Loan Agreement. Full payment of the <br />principal of, premium, if any, and interest on this Bond has been <br />fully guaranteed by the Proprietor pursuant to the Loan Agreement <br />and by Rampmaster, Inc., pursuant to a Guaranty Agreement, dated <br />as of the date hereof, between such guarantor and the Issuer. <br />Neither this Bond nor the interest thereon shall be or constitute <br />a general obligation of the Issuer or a lien upon any property <br />owned by or situated within the territorial limits of the Issuer, <br />except upon the properties secured under the Loan Agreement. The <br />holder of this Bond shall not have the right to compel any exer- <br />cise of the ad valorem taxing power of the State of Florida or of <br />any political subdivision of such State to pay this Bond or the <br />interest thereon. The Issuer shall not be obligated to pay this <br />Bond or the interest thereon except from the proceeds of this <br />Bond and investment income under the Loan Agreement, ,tbl <br />c reVLIlLL68 <br />and receipts derived from the Loan Agreement, and the security <br />interest, mortgage and guaranties as aforesaid. <br />-2- <br />