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(j) All of the Mortgagor's present and future Pledged Accounts arising out of
<br /> or in connection with the Mortgaged Property and all proceeds thereof.
<br /> TO HAVE AND TO HOLD, all and singular, the Mortgaged Property and the rights and
<br /> privileges hereby granted, mortgaged, conveyed, assigned and pledged by the Mortgagor or
<br /> intended so to be, ratably unto the Mortgagee and its successors and assigns forever, in trust,
<br /> nevertheless, with power of sale for the benefit and security of each and every registered owner of
<br /> the Bonds issued under the Indenture, without preference, priority or distinction as to the
<br /> participation in the lien, benefit and protection hereof of one Bond over or from the others, by
<br /> reason of priority in the issue or negotiation of maturity thereof, or for any reason whatsoever,
<br /> except as otherwise expressly provided in the Indenture or the Loan Agreement, so that each and
<br /> all of such Bonds hereby secured shall have the same right, lien and privilege under this Mortgage
<br /> and shall be secured equally hereby;
<br /> SUBJECT, NEVERTHELESS, to Permitted Encumbrances;
<br /> PROVIDED,NEVERTHELESS, and these presents are upon the express condition, that if
<br /> the Mortgagor,or its respective successors or assigns, shall well and truly pay all Loan Repayments
<br /> applicable to the Bonds on behalf of the Issuer according to the provisions set forth in the Loan
<br /> Agreement(which is by reference incorporated herein and made a part hereof with the same effect
<br /> as if it were set forth in full herein) and shall also pay or cause to be paid all other sums payable
<br /> under the Indenture or the Loan Agreement by the Mortgagor and the Mortgagor shall faithfully
<br /> and punctually perform all other conditions, covenants and agreements set forth in the Loan
<br /> Agreement on behalf of the Issuer, then these presents and the estate, lien, security interests and
<br /> rights hereby granted shall cease, determine and become void, and thereupon the Mortgagee, on
<br /> payment of its lawful charges and disbursements then unpaid, on demand of the Mortgagor, shall
<br /> duly execute,acknowledge and deliver to the Mortgagor such instruments of satisfaction or release
<br /> in respect of the Mortgaged Property as may be necessary or proper to discharge this Mortgage of
<br /> record, and if necessary shall grant,reassign and deliver to the Mortgagor,its successors or assigns,
<br /> all and singular the property and interest by it hereby granted, conveyed, mortgaged and assigned,
<br /> and all substitutes therefor, or any part thereof, not previously disposed of or released as provided
<br /> in the Loan Agreement; otherwise this Mortgage shall be and remain in full force.
<br /> AND IT IS HEREBY COVENANTED,DECLARED AND AGREED by and between the
<br /> parties hereto that all of the Mortgaged Property is to be held and applied, subject to the covenants,
<br /> agreements and conditions set forth in the Loan Agreement and herein.
<br /> Section 2.2 Payments and Performances Secured. This Mortgage shall cover and
<br /> secure:
<br /> (a) payment of any and all Loan Repayments pursuant to the Loan Agreement,
<br /> together with any renewals or extensions thereof but only to the extent such Loan
<br /> Repayments are applied or will be applied to the payment of the Bonds; notwithstanding
<br /> anything to the contrary contained herein, the maximum principal amount secured hereby
<br /> is $[37,410,000];
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