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<br /> 1 <br /> (on the request of the Borrower) , on any principal nd interest <br /> payment date, upon payment of par, accrued interest to the date of <br /> redemption, plus a premium of 1 % of the principa amount so <br /> redeemed. The outstanding principal amount of this Bon is subject <br /> to optional prior redemption in part, in an amount n t less than <br /> $800 and not greater than 10% of the total principal amount then <br /> outstanding, at the option of the City (on the req est of the <br /> Borrower) on any principal and interest payment date, pon payment <br /> of par, accrued interest to the date of redempti n, without <br /> redemption premium. <br /> Notice of optional redemption shall be mailed or <br /> delivered at least thirty (30) days before the redemp ion date to <br /> the Holder of the Bond at its last address appearing on the Bond <br /> Register of the Trustee. Any notice mailed as prov ded in the <br /> Indenture shall be conclusively presumed to have been duly given, <br /> whether or not the Holder receives the notice. Eac notice of <br /> redemption shall specify the date fixed for rede ption, the <br /> redemption price, the place or places of payment, t at payment <br /> will be made upon presentation and/or surrender of th Bond, that <br /> interest accrued to the date fixed for redemption wil be paid as <br /> specified in said notice, and that on and after said d te interest <br /> thereon will cease to accrue. If less than the entire outstanding <br /> principal amount of the Bond is to be redeemed, th notice of <br /> redemption shall specify the principal amount of the be <br /> redeemed. <br /> In case an Event of Default as defined in t e Indenture <br /> , <br /> or Loan Agreement occurs, the principal of this ond may be <br /> declared or may become due and payable prior to the stated matur- <br /> ity hereof in the manner and with the effect and sub ect to the <br /> conditions provided in the Indenture, but the Holder f the Bond <br /> shall have no right to enforce the provisions of the Indenture, <br /> Loan Agreement, Assignment, or Mortgage except as prov'ded in the <br /> Indenture. <br /> With the consent of the City and Trustee and to the <br /> extent permitted by and as provided in the Indenture the terms <br /> A-S <br />