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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
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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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of indemnity provided in Section 5.6 thereof), including the <br />Mortgage and Security Interest granted thereby, and in particular <br />the payments and other amounts cterived by the Issuer. hereunder. <br />(c) The real and personal property comprising the <br />Project, together with all additions and improvements thereto <br />hereaf~er made or acquired, with the tenements, hereditaments, <br />appurtenances, easements, rights, privileges and immunities <br />thereunto belonging or appertaining. <br />(d) The proceeds from the sale of the nonJs and the <br />income earned from the investment of such proceeds and any other <br />funds hereunder subject to the applications of such proceeds in <br />accordance with the provisions hereof and the Loan Agreement. <br />(e) ~ny and all other real or personal property of <br />every kind and nature from time to time hereafter by delivery or <br />by writing of any kind conveyed, mortgaged, pledged, assigned or <br />transferred, as and for additional security hereunder by the <br />Issuer or by anyone in its behalf, or with its written consent, <br />to the Trustee which is hereby authorized to receive any and all <br />such property at any and all times and to hold and apply the same <br />subject to the terms hereof. <br />Provided, however, that if the Issuer, its successors or assigns, <br />shall well and truly pay, or cause to be paid, the principal and <br />premium, if any, of the Bonds and the interest due or to become <br />due thereon, at the times and in the manner :nentioned in the <br />Bonds, according to the true intent and meaning thereof, and <br />shall cause the payments to be made into the ~uncls as requireu <br />hereunder, or shall provide, as permitted hereby, for the payment <br />thereof as specified in Section 12.1 hereof, and shall well and <br />truly keep, perform and observe all the-covenants and conditions <br />of this Indenture to be kept, performed and observed by it, and <br />shall pay or cause to be paiJ. to the •rrus tee c1ll sums of money <br />due or to become due to it in accordance with the terms and pr-o- <br />visions hereof, then upon such final payments or provision for <br />such rayments by the Issuer, this Indenture and the rights hereby <br />granted shall cease, determine and be void; otherwise this <br />lnJ.enture shall be and remain in full force and effect.
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