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. . . . . A certificate by the Fiscal. Agent that notice of redemption has been given in accordance with this Resolution shall be conclusive as against all parties, and no Bondholder whose Bond is called for redemption may object to the redemption or the cessation of interest on the redemption date by claiming or showing that he failed to receive actual notice of call and redemption, E. Redemption Fund. Prior to the mailing of notice as required above, the Fiscal Agent shall establish, maintain and hold in trust a separate fund which is hereby created for the purpose of this Resolution entitled "City of Santa Ana Community Redevelopment Agency, Santa Ana South Main Street Redevelopment Project Tax Allocation Bonds, 1986 Series A, Redemption Fund" (hereinafter referred to as the "Redemption Fund"). There shall be set aside in the Redemption Fund prior to mailing notice of optional or mandatory redemption, moneys for the purpose of and sufficient to redeem, at the premiums, if any, payable as provided in this Resolution, the Bonds designated in the notice of redemption, The moneys must be set aside in the Fund solely for that purpose and shall be applied on or after the redemption date to the payment (principal and premium, if any) of the Bonds to be redeemed upon presentation and surrender of the Bonds, In the event moneys transferred to the Redemption Fund from the Escrowed Proceeds Fund exceed the amount required to redeem the Special Term Bonds, such monies shall be transferred to the Special Fund. F. Partial Redemption of Bonds, Upon surrender of any Bond redeemed in part only, the Agency shall execute and the Fiscal Agent shall authenticate and deliver to the registered owner, at the expense of the Agency, a new Bond or Bonds of authorized denominations equal in aggregate principal amount to the unredeemed portion of the Bond surrendered and of the same interest rate and same maturity. G. Effect of Redemption. Notice of redemption having been duly given as provided above, and moneys for payment of the principal of, premium, if any, and interest payable upon redemption of the Bonds being set aside as provided above, the Bonds, or parts thereof, called for redemption shall, on the redemption date, become due and payable at the redemption price specified in the notice. Interest on the Bonds, or parts thereof, as the case may be, called for redemption shall cease to accrue. The Bonds, or parts thereof redeemed, shall cease to be entitled to any lien, benefit or security under this Resolution, and the Owners of the Bonds shall have no rights except to receive payment of the redemption price upon surrender of the Bonds, and, in the case of partial redemption of Bonds, also to receive a new Bond or Bonds for the unredeemed balance as provided above, 05-23-86 1665k/2281/06 -13-