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I SECTION 209. SECURITY. ~ 3 (:1) PLEDGE OF SECURITY. Pursuant to the authority conferred upon the County under the ~t Act and for and in consideration of the purchase of the Certificates by the persons who at any time 5 shall be or become the Owners thereof and the acceptance and performance by the Trustee of tl~e 6 trusts created by this Agreement and to secure the payment of all amounts owing under and with 7 respect to the Certificates and the payment and performance by the County of all of its obligations 8 with respect to the Certificates, the County does hereby pledge, grant, assign and convey unto the 9 Tnistee (in trust for the benefit of the Owners of the Certificates) all of its right, title and interest to l0 and in the following (all of the following together ~~ ith the rights of the Tnistee under the Mortgage t 1 being herein called the '`Security"): ~ l2 ~ 3 (i) All Financing Payments paid by the County to the Trustee under this Agreement; ~a >> (ii) All moneys and investments in the Certificate Payment Fund, the Project Fund - 6 and any other fund established and held by the Trustee under any Supplemental Agreement, l7 including any investments made therefrom and investment income derived therefrom; 18 pro~~idecl that the Securiry shall not include: 19 20 (a) any fund established and held by the Trustee under any Supplemental 2 i Agreement if the Supplemental Agreement establishing such fund expressly provides 22 that such fund shall not be a part of the Security or sub1ect to the pledge of this 23 ~ Agreement; and ~4 ?~ (b) any moneys held by the Trustee for the payment of the Rebate Amount; 36 27 (iii) Each Credit Facility and all amounts drawn or paid thereunder; and ~s 2~ (iv) All of the proceeds of the faregoing, including without limitation investment 3o income derived therefrom. 31 3? In addition, concurrently vvith the execution and delivery of the 1998 Certificates, the County hereby 33 a~ees to execute and deliver to the Trustee the Mortgage. For purposes of this Agreement, the term 3~ ``Security" shall include the rights and interest of the Trustee under the Mortgage. 35 36 All Certificates executed and delivered under this Agreement or any Supplemental 37 Agreement shall be equally and ratably secured by the pledge of and lien on the Security created 38 hereunder, all without any kind of preference or priority of one Certificate over any other Certificate 39 regardless of when executed and delivered. Except as may otherwise be eYpressly provided in a 4o Supplemental Agreement, all of the covenants and other provisions relating to the Outstanding ~ ~ Certificates set forth herein or in any Supplemental Agreement shall be for the equal benefit, ~t? protection and security of the Owners of all Certificates. 43 FIN.4NCING .aND TRUST AGREEMENT PAGE 24