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<br /> This Bond is issued by virtue of and in full conformity <br /> with the ConstitutIon of the State of Colorado, ,and pursuant to <br /> the County and Municipality Development Revenue Bond Act, Title <br /> 29, Article 3, Part 1 , Colorado Revised Statutes 1973, as amended, <br /> ("Act") and all other laws of the State of Colorado thereunto <br /> enabling, for the purpose of financing the cost of acquiring and <br /> developing as a site, land wi thin the Ci ty, and constructing and <br /> equipping thereon a professional office building (such property <br /> being subject to depreciation under Section 167 of the Internal <br /> Revenue Code of 1954, as amended, ) whether or not now in exis- <br /> tence, for use as professional offices (the "Project"). This <br /> Bond is further issued pursuant to an Ordinance of the City <br /> Council of the City of Louisville, finally adopted and approved on <br /> June 15 , 1982 (the "Ordinance"), and is a special, limited <br /> - <br /> obligation of the City, payable solely from and secured by a <br /> pledge of payments to be made to the City pursuant to a Loan <br /> Agreement, dated as of , 1982, and entered into <br /> - <br /> between FIRMM Investments, a general partnership duly formed under <br /> the laws of the State of Colorado ( the "Borrower" ) , and the Ci ty <br /> (the "Loan Agreement"). The proceeds of the Bond will be loaned <br /> by the City to the Borrower for payment of the Costs of the <br /> Project, and, pursuant to the Loan Agreement, the Borrower has <br /> covenanted to repay the funds, together with interest thereon, in <br /> installments which will be sufficient to pay, when due, the <br /> principal of and interest on this Bond. This Bond is secured by <br /> an Assignment and Security Agreement, dated as of , <br /> - <br /> 1982, and entered into between the Ci ty and the Lender (the <br /> "Assignment") , which evidences a pledge and assignment of revenues <br /> and receipts derived by the City pursuant to the Loan Agreement <br /> and the Note of the Borrower identified therein, as more fully <br /> described in the Ordinance. The payment of principal and interest <br /> is further secured by a Deed of Trust and Security Agreement, <br /> dated as of , 1982, and entered into by and between <br /> - <br /> the Borrower and the Public Trustee of the County of Boulder, <br /> State of Colorado, for the benefit of the Lender (the "Deed of <br /> Trust"). Reference is mad e to the Ordinance for a description of <br /> - 14 - <br />