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~1 2 3 4 5 6 7 8 9 lo 11 12 13 14 SECTION 209. SECURITY. (A~ PLEDGE OF SECURITY. Pursuant to the authority confened upon the ounty under the Act and for and in consideration of the purchase of the Certificates by the persons who at any time shall be or become the Owners thereof and the acceptance and performance by t e Trustee of the trusts created by this Agreement and to secure the payment of all amounts owin under and with respect to the Certificates and the payment and performance by the County of all f its obligations with respect to the Certificates, the County does hereby pledge, grant, assign and convey unto the Trustee (in trust for the benefit of the Owners of the Certificates) all of its right, ti le and interest to and in the following (all of the following together with the rights of the Trustee un er the Mortgage being herein called the "Security"): (i) All Financing Payments paid by the County to the Trustee unde# this Agreement; 15 (ii) All moneys and investments in the Certificate Payment Fund, the Project Fund 16 and any other fund established and held by the Trustee under any Supplem ntal Agreement, 17 including any investments made therefrom and investment income d ived therefrom; 18 provided that the Security shall not include: 19 20 (a) any fund established and held by the Trustee under y Supplemental 21 Agreement if the Supplemental Agreement establishing such fund e pressly provides , 22 that such fund shall not be a part of the Security or subject to t e pledge of this ~3 Agreement; and 24 25 (b) any moneys held by the Trustee for the payment of the Rebate Amount; 26 27 (iii) Each Credit Facility and all amounts drawn or paid thereund ; and 28 29 (iv) All of the proceeds of the foregoing, including without limi ation investment 3o income derived therefrom. 31 32 In addition, concurrently with the execution and delivery of the 1998 Certificates, e County hereby 33 agrees to execute and deliver to the Trustee the Mortgage. For purposes of this A eement, the term 34 "Security" shall include the rights and interest of the Trustee under the Mortgag . 35 36 All Certificates executed and delivered under this Agreement or any Supple ental Agreement 37 shall be equally and ratably secured by the pledge of and lien on the Security crea ed hereunder, all 38 without any kind of preference or priority of one Certificate over any other Certifi ate regardless of 39 when executed and delivered. Except as may otherwise be expressly provided i a Supplemental 4o Agreement, all of the covenants and other provisions relating to the Outstanding C rtificates set forth 41 herein or in any Supplemental Agreement shall be for the equal benefit, protecti n and security of 42 the Owners of all Certificates. 43 ~ FINANCING AND TRUST AGREEMENT PaGE 23