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<br />with respect to costs of the Project. Forms of the following <br />documents relating to the Bonds have been submitted to the City: <br /> <br />(a) Loan Agreement (the "Loan Agreement") dated as of <br />April 1, 1997 between the City and the Company, whereby the <br />City agrees to make a loan to the Company of the gross <br />proceeds of sale of the Bonds and the Company agrees to <br />undertake and complete the Project and to pay amounts in <br />repaYment of the loan sufficient to provide for the full and <br />prompt paYment of the principal of, premium, if any, and <br />interest on the Bonds; and <br /> <br />(b) Trust Indenture (the "Indenture") dated as of <br />April 1, 1997, between the City and Firstar Trust Company, <br />as trustee (the "Trustee"), authorizing the issuance of and <br />pledging certain revenues, including those to be derived <br />from the loan Agreement, as security for the Bonds, and <br />setting forth proposed recitals, covenants and agreements <br />relating thereto; and <br /> <br />(c) Combination Mortgage, Security Agreement and <br />Fixture Financing Statement and Assignment of Leases and <br />Rents (the "Mortgage"), dated as of April 1, 1997, from the <br />Company to the Trustee, by which the Company grants to the <br />Trustee a mortgage lien on and security interest in certain <br />mortgaged property, as described therein, as further <br />security for the paYment of the Bonds and assigns to the <br />Trustee its interests in all leases and rents with respect <br />to the mortgaged property (this document not to be executed <br />by the City); and <br /> <br />(d) Assignment of Mortgage (the "Assignment") dated as <br />of the date of delivery of the Èonds, from the City to the <br />Trustee, by which the City assigns its interest in the <br />Mortgage to the Trustee; and <br /> <br />(e) Guaranty Agreement (the "Guaranty") dated as of <br />April 1, 1997, from Presbyterian Homes of Arden Hills, Inc. <br />(the "Guarantor") to the Trustee (this document not to be <br />executed by the City); and <br /> <br />(f) Bond Purchase Agreement (the "Bond Purchase <br />Agreement"), by and between Miller, Johnson and Kuehn, Inc. <br />(the "Underwriter"), the Company and the City, providing for <br />the purchase of the Bonds from the City by the Underwriter <br />and setting the terms and conditions of purchase; and <br /> <br />(g) Preliminary Official Statement, the form of the <br />Preliminary Official Statement, together with the insertion <br />of the final underwriting detai¡s of the Bonds, including <br /> <br />346051.1 <br /> <br />4 <br />