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1983-102
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1983-102
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Last modified
3/28/2023 3:08:25 PM
Creation date
3/28/2023 3:04:57 PM
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Resolutions
Resolution Number
1983-102
Approved Date
10/19/1983
Subject
Providing for the financing of the acquition construction & equipment of a
120 Bed Nursing Home Facility located on 37th Street, Providing for Industrial
Development Revenue Bonds (Florida Health Facilities Project)
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4, Under and pursuant to the Indenture, the Issuer has <br />assigned to the Trustee, as security for the payme~t of the prin- <br />cipal of, premium, if any, and interest on the Bonds and the <br />fees, expenses, and advances of the Trustee, (a) and any other <br />sums payable by the Borrower pursuant to this Agreement, (b) all <br />of tl,e Issuer's right, title and interest in and to this A.gree- <br />ment, including the mortgage lien and security interest granted <br />herein to the Issuer and the Borrower's promissory note ( the <br />"Note" as hereinafter defined) issuei pursuant hereto, (cl all <br />payments to be made by the Borrower to the Issuer under this <br />Agreement and under the Note, (d) all amounts derived by the <br />Issuer in any manner from or in connection with the sale or other <br />disposition of the Project, and (e) until applied as provided in <br />the Indenture, the proceeds received by the Issuer from the sale <br />of the Bonds and the income earned by the investment of funds. <br />AGR!!:EMENT: <br />-2-
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