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(g) Mutilated Lost 5tolen or Destro ed Note. In case any Note shall become mutilated or be lost, stoten, or destroyed, the Registrar shall detiver a new Note of Iike amount, maturity dates and tenor in exchange and substitutian %r and upon cancellation of such mntilated Note or in lieu of and in substitution for such Note lost, stolen, or destroyed, upon the payment of the reasonable expenses and charges af the Registrar in connection therewith; and, in the case the Note is lost, stolen, or destroyed, upon filing wath the Regisirar of evidence satisfactory ia it that such Note was lost, stoIen, or destroyed, and of the ownership thereof, and upon furnishing to the Registrar of an appropriate bond or indemnity iri form, substance, and amount satisfactory to it, in which both the Ciiy and the Registrar shall be named as obligees. The Note so surrendered to the Registrar shall be cancelled by it and evidence of such cance�lation shall be given to the City. If the mutilated, lost, stolen, or destroyed Note has already matured or been called for redemption in accordance with its terms, it shail not be necessary to issue a new Note prior to payment. 3.04. Pre�aration and De�ivery. The Nate shaIl be prepared under the dir�ction of the County Audi#or and shall be executed on behalf of the City by the signatures of its Mayor and City Administrator. In case any ofircer whose signature shail appear on the Note shal� cease ta be such officer before the delivery of the Note, such signature shall nevertheless be valid and sufficient for atl purposes, the same as if such officer had remained in office until deIivery. When the Note has been so executed, it shall be delivered by the City Administrator to the Owner thereof upon closing on acquzsition of the Developrnent Property in accordance with the Agreement. Sectron 4. Securi Provisions. 4�.01. Pled�e. {a} The Ciiy hereby pledges to the payment of the principaI of and inierest on the Note all Available Tax Increment as defined in the Note. Available Tax Increment shall be applied to payrr�eiit of the principal of and interest on the Note in accordance with the terms of the Note. 4.02. Bond Fund. UntiI the date the Note is no longer outstanding and no principal ther�oi or interast thereon (to the extent required to be paid pursuant to this resolution) remains unpaid, the City shail maintair� a separate and special "Bond Fund" to be used for no purpose other than the payment of the principai of and interest on the Note. The City irrevocably agrees to appropriate to ihe Bond Fund upan or before each payment date all Avaiiable Tax Increment. Any Available Tax Increment remaining in the Band Fund shall be transferred to the City's account for TIF District Na. 4 upon the payment of a�l principal and interest to be paid with respect to the Note. 4.03. Adc�itional ObIigations, While the Note is outstanding, the City shall not pledge or permit the pledge of all or any portion of the Available TaY Increment to the payment oi principal of or interest on any obligations of the Ci�ty unless and to the extent such pledge is subordinate to the pledge ta the Note, Section 5. Cartification of Proceedin s. 5.01. Certification of Proceedin s. The of�cers of the City are hereby authorized and directed to prepare aiid furnish to the Owner of the Note certi��d copies of ail proceedings and records of the City, and such other affidavits, certificates, and information as may be required to show the facts relating to t�e legality and marketability of the Note as the same appear from the books and records under their custody and control or as otherwise known io thern, and all such certi�ed copies, certificates, and affidavits, incIuding any heretofore furnished, sl�all be deemed representations of the City as to the facts recited therein. 37427bvI AR204-10 6