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<br />. <br /> <br />. <br /> <br />. <br />. <br /> <br />. <br />. <br /> <br />..",....""",..,_. <br /> <br />--, <br /> <br />605. <br /> <br />Debt Service Reserve Fund. <br /> <br />(A) Following the deposits set forth above. moneys shall be <br />transferred monthly by the Trustee to the Debt Service Reserve Fund. if such <br />deposits are necessary to restore the balance in such Fund to the Debt Service <br />Reserve Requirement. <br /> <br />(8) If at any time any interest on the 80nds or principal or <br />Redemption Price of Bonds or any Sinking Fund Installment has become due and <br />payment thereof in full has not been made or provided for and moneys therefor <br />are not available in the Interest Account or the Principal Account and both <br />the Asset Accumulation Fund and the Mortgage Reserve Fund have been exhausted. <br />the Trustee shall forthwith withdraw from the Debt Service Reserve Fund an <br />amount not exceeding the alOOunt required to provide for such payment in full <br />and apply the amounts so withdrawn to such payment. <br /> <br />(C) Any amount in the Debt Service Reserve Fund in excess of the <br />Debt Service Reserve Requirement and which the Trustee is then unable to <br />invest at an interest rate equal to or in excess of the then average coupon <br />interest rate of the Bonds shall be transferred to the Revenue Fund at the end <br />of each 80nd Year. <br /> <br />606. Operating Fund. On the first day of each calendar month <br />commencing on the flrst day of the month next succeeding the purchase of the <br />first Mortgage Loan by the Trustee. and after any IOOneys therein have been <br />applied. the Trustee shall transfer from the Revenue Fund to the Operating <br />Fund $500.00, plus an amount equal to one-twelfth (1/12th) ~f (i) the cost of <br />the annual premium for Special Hazard Insurance (based on the previous year's <br />annual premium or as otherwise specified to the Trustee in an Officer's <br />Certificate) plus (ii) any amounts theretofore advanced by the Agency from the <br />Operating Fund to pay premiums on Hazard Insurance pursuant to Section 907. <br />until the amounts so advanced have been fully repaid; provided, however. that <br />the Trustee shall not liquidate any Permitted Investments to finance such <br />transfer, but shall postpone such transfer until other Pledged Revenues become <br />available therefor. <br /> <br />607. Asset Accumulation Fund. <br /> <br />(A) Following the deposits set forth above. moneys in the Revenue <br />Fund shall be deposited monthly by the Trustee into the Asset Accumulation <br />Fund. <br /> <br />(8) Moneys deposited into the Asset Accumulation Fund shall be <br />transferred by the Trustee in the following order of priority: <br /> <br />(1) <br />the following order: <br /> <br />To make up any deficiency in the Funds and Accounts in <br /> <br />FIRST: <br /> <br />Interest Account <br /> <br />SECOND: Principal Account <br /> <br />34 <br />